Common use of Offset Clause in Contracts

Offset. City may offset against all or any portion of undisbursed Grant Funds hereunder or against any payments due to Grantee under any other agreement between Grantee and City the amount of any outstanding Loss incurred by any Indemnified Party, including any Loss incurred as a result of the Event of Default.

Appears in 78 contracts

Sources: Grant Agreement, Grant Agreement, Grant Agreement