No right of set off meaning
Web1 de fev. de 2024 · “To set-off or not to set-off?” Set-off allows the termination of obligations without an exchange of performance. Where parties are indebted to one another, set-off operates automatically under the common law when the requirements for … WebNo Set-Off. The existence of any claim, demand, action or cause of action of the Executive against the Corporation, whether or not based upon this Agreement, will not constitute a defense to the enforcement by the Corporation of any covenant or agreement of the Executive contained herein. Sample 1 Sample 2 Sample 3 See All ( 53) Save
No right of set off meaning
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WebI usually set off for work at 8 a.m. Suelo irme para el trabajo a las 8 de la mañana. set [sth] off, set off [sth] vtr phrasal sep (trigger, switch on) activar⇒ vtr : disparar⇒ vtr : He set … Web1 INTRODUCTION. This paper will address critically the meaning and effect of the set-off provisions in the European Insolvency Regulation (Insolvency Regulation or Regulation).1 These provisions have remained the same between the original and recast versions of the Regulation and moreover, the Virgos-Schmit Report,2 which preceded the original …
WebThe meaning of SET-OFF is the reduction or discharge of a debt by setting against it a claim in favor of the debtor; specifically : the reduction or discharge of a party's debt or …
WebNo Set-Off. The existence of any claim, demand, action or cause of action of the Executive against the Corporation, whether or not based upon this Agreement, will not constitute a … Web1 of 2 noun ˈset-ˌȯf 1 : the reduction or discharge of a debt by setting against it a claim in favor of the debtor specifically : the reduction or discharge of a party's debt or …
Web28 de set. de 2024 · A set-off clause is a short clause sometimes included in a commercial contract, often found within the payments clause. It may look something like this: “You agree that we may set-off or deduct from any monies payable to you under this Agreement, any amounts which are payable by you to us (whether under this Agreement or otherwise).”
Weba : a right to seek reduction or discharge of a debt or claim by countering a party's claim with an independent claim b : a counterclaim made by a defendant against a plaintiff for reduction or discharge of a debt by reason of an independent debt owed by the plaintiff to the defendant compare recoupment sense 2 set off 2 of 2 transitive verb fluff factory lynn maWebContractual set-off. Contractual set-off is one of the five main types of set-off described in Practice Note: Types of set-off. Contractual set-off arises where a right of set-off has been created by an express contractual agreement. It is used when contracting parties want to extend or limit set-off rights which are available under general law ... fluff fanfic definitionWebExamples of Right of Set-Off in a sentence. Waiver of Right of Set-Off 11 ARTICLE VI - TERMINATION 11 Section 6.01.. The provisions set forth in Section 23.2 (Right of Set-Off) of the Common Terms Agreement are incorporated by reference and shall apply mutatis mutandis as if fully set forth herein.To the extent that ADCB exercises its Right of Set … fluff fanfic ideasWebSet-off, broadly speaking, means ‘stoppage’, much because the amount due to be set off is stopped, or, is deducted from the cross-demand. Typically, a set-off clause is seen in loan agreements between lenders and borrowers. They are also used where there may be a risk of default in payment. Often, one of the parties will utilise the set-off ... greene county illinois gis mapWebRight of Set-Off means, subject to the terms and conditions set forth in this Agreement, the right of any Set Off Right Holder (as defined in Section 2.3) to set off against any … fluff factor for excavated soilWeban application for an administration order or of notice of intention to appoint an administrator (if a company); or a pending bankruptcy petition (if a natural person). All claims, including … fluff fairy flossWeb11 de fev. de 2024 · A tenant is entitled to set off liquidated claims for damages, at law, and unliquidated claims, in equity, for damages for breach of covenant by the landlord against rent accruing under the lease. In leases this right of set-off and deduction is usually excluded by express words. The Practice Note also considers whether or not a tenant is ... greene county illinois fair 2012