Common use of Rights of Set-Off Clause in Contracts

Rights of Set-Off. With respect to any amount that (a) should be reimbursed to Prudential, or (b) is otherwise payable to Prudential pursuant to this Engagement Schedule, Prudential may, upon notice to Vendor, deduct the entire amount owed to Prudential against the Fees owed to Vendor under this Engagement Schedule.

Appears in 14 contracts

Sources: Engagement Schedule (Pruco Life of New Jersey Variable Appreciable Account), Engagement Schedule (Pruco Life of New Jersey Variable Appreciable Account), Engagement Schedule (Pruco Life of New Jersey Variable Appreciable Account)