Common use of Right to Offset Clause in Contracts

Right to Offset. Any party making a payment under this Agreement shall have the right to reduce any such payment by any undisputed amounts owed to it by the other party to this Agreement.

Appears in 21 contracts

Sources: Tax Allocation Agreement (Fortune Brands Inc), Tax Allocation Agreement (Acco Brands Corp), Tax Allocation Agreement (Acco World Corp)

Right to Offset. Any party making a payment under this Agreement shall have the right to reduce any such payment by any undisputed amounts owed to it by the other party to this Agreement pursuant to the Merger Agreement or any other Ancillary Agreement.. ARTICLE VI

Appears in 3 contracts

Sources: Tax Allocation Agreement (Daka International Inc), Tax Allocation Agreement (Unique Casual Restaurants Inc), Tax Allocation Agreement (Compass Holdings Inc)