SET-OFF AND LIEN. 20.1. The Management Venture may not set off or withhold any amount or payment whatsoever due from it to the Company and in addition may not withhold any asset and/or equipment and/or installation, of any kind or nature whatsoever to secure the liabilities of the Company to it. 20.2. The Company may set off and withhold any payment and compensation due to it pursuant to the Agreement from any payment due and that will become due to the Management Venture pursuant to the Agreement or pursuant to other contracts and in addition will be entitled to withhold any asset, equipment or installation of any kind or nature whatsoever to secure the liabilities of the Management Venture to it pursuant to the Agreement or pursuant to other agreements between the parties.
Appears in 4 contracts
Sources: Consulting and Management Services Agreement, Consulting and Management Services Agreement, Consulting and Management Services Agreement