A setoff is the right of a debtor to balance mutual debts with a creditor. ... Set-off
can also be incorporated by contractual agreement so that, where a party ...
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 ...
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 ...
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 ...
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 ...
A set-off clause can also refer to a settlement of mutual debt between a creditor
and a debtor through offsetting transaction claims. This allows creditors to collect
Jan 10, 2004 ... The Setoff Agreement is attached to this Settlement Agreement as Attachment 3.
3 <PAGE> ARTICLE 7 VALUE-ADDED TAXES Liquidmetal ...
Oct 30, 2014 ... NC Local Government Debt Setoff Clearinghouse Program ... This memorandum
of understanding and agreement shall remain and continue in ...
The Municipality desires to enter into this agreement for the purpose of utilizing
the debt ... debts submitted by the Municipality to the State Debt Setoff Program.
Apr 20, 2015 ... Amounts payable under any other agreement can only reduce the Early
Termination Amount to the extent they can be set off. The judgment ...