Rights of Recoupment and Setoff. SHGS has the right to invoice LE for any liability or obligation that LE may owe to SHGS or its Affiliates. LE shall pay the amounts of such invoice as specified in Section 9(c). If LE does not pay such invoices, SHGS may reduce, withhold or setoff against any payment due LE from SHGS or its Affiliates. SHGS’s rights to recoupment and set-off shall be senior to any claim asserted by any other party against the payment.
Appears in 3 contracts
Sources: Buying Agency Agreement (Lands End Inc), Buying Agency Agreement (Lands End Inc), Buying Agency Agreement (Lands End Inc)