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Set-off (law) - Wikipedia


In law, a set-off is an equitable defence to the whole or to a portion of a plaintiff's claim. A set-off ... Set-off can also be incorporated by contractual agreement so that, where a party defa...

Got Setoff Rights? Think Again - Lowenstein Sandler

www.lowenstein.com/files/Publication/30c4461e-c296-46c3-8a8f-d2e5dc6c6d4b/Presentation/PublicationAttachment/87ff39dd-5243-4aad-8cbe-db9dda3debbd/Got Setoff Rights Think Again.pdf

provisions, or other setoff agreements to allow triangular setoff, because they do not satisfy the mutuality requirement for setoff found in the Bankruptcy Code. 2.

Set-Off Clause Definition | Investopedia


A set-off clause can also refer to a settlement of mutual debt between a creditor and a ... A clause included in certain debt securities and swap agreements .

General / Right of Set-Off - Law Insider


Right of Set-Off. Upon the occurrence and during the continuance of any Event of ... Appears in 1 contract Revolving Credit Agreement (Laclede Group, Inc.).

Sample Provisions: Right of Setoff (Credit Agreement) - Lexis Advance


This form is an example of a standard right of setoff provision for a credit agreement in a typical syndicated loan transaction. Setoff is a common law concept that ...

PLC - Loan Agreement: Right of Set-off Clause


A Standard Clause for loan agreements whereby the borrower grants the agent banks, lenders and their affiliates the right to set-off deposits and other ...

Contractual set-off clauses in loan agreements - Lexology


Jan 5, 2012 ... Where two parties owe each other money, it often makes sense for one of the parties to employ the concept of 'set-off' to reduce or eliminate its ...

Article 8.1 (Conditions of set-off)


For a party to be allowed to set off its own obligation against the obligation of the ... securities are easily convertible and if there is no agreement to the effect that ...

Getting to Know Your Two Best Friends: The Rights of Setoff and ...


creditor's right of setoff, describes how recoupment .... settlement agreement did not convert a pre-petition fraud claim into a post-petition contract claim; the claim  ...

What is setoff? definition and meaning - BusinessDictionary.com


Definition of setoff: Banking: Bank's legal right to seize a borrower's any account balance ... In legal terminology it is called equitable right to setoff. ... agreement ...

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Set-off and netting—overview - Lexis®PSL, practical guidance for ...


Contractual set-off arises where a right of set-off has been created by contractual agreement. It is used when contracting parties want to extend or limit set-off ...

Set-Off Agreement | FindLegalForms.com


This Set-Off Agreement is between two parties who are indebted to each other and agree to set-off the full amount of one party's indebtedness. This agreement ...

"Setoff" and "Offset" - Adams on Contract Drafting


Feb 9, 2014 ... As a verb, the term is written as two words—e.g.: “on the other hand, a subsequent agreement between the parties to set-off [read set off] a ...