Common use of Set-Off; Recoupment Clause in Contracts

Set-Off; Recoupment. All amounts due SUPPLIER will be considered net of any indebtedness of SUPPLIER as well as SUPPLIER’s subsidiaries or affiliates in addition to any right of set-off or recoupment provided by law. ▇▇▇▇▇▇▇ retains the right to set-off against or recoup from any payment or other such obligation due SUPPLIER, in whole or part, any amounts due or scheduled to become due. In the event of such set-off or recoupment, ▇▇▇▇▇▇▇ will provide SUPPLIER a statement of account describing said set-off or recoupment taken.

Set-Off; Recoupment. All amounts due SUPPLIER will be considered net of any indebtedness of SUPPLIER as well as SUPPLIER’s subsidiaries or affiliates in addition to any right of set-off or recoupment provided by law. ▇▇▇▇▇▇▇ retains the right to set-off against or recoup from any payment or other such obligation due SUPPLIER, in whole or part, any amounts due or scheduled to become due. In the event of such set-off or recoupment, ▇▇▇▇▇▇▇ will provide SUPPLIER a statement of account describing said set-off offs or recoupment recoupments taken.