Offset Right definition

Offset Right means any right or alleged right of Tenant to any offset, defense (other than one arising from actual payment and performance, which payment and performance would bind a Successor Landlord pursuant to this Agreement), claim, counterclaim, reduction, deduction, or abatement against Tenant’s payment of Rent or performance of Tenant’s other obligations under the Lease, arising (whether under the Lease or other applicable law) from Landlord’s breach or default under the Lease.
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Offset Right. Section 8.3(a)
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Offset Right has the meaning set forth in Section 7.1(a).
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Examples of Offset Right in a sentence

  • Any Offset Right that Tenant may have against any Former Landlord relating to any event or occurrence before the date of attornment, including any claim for damages of any kind whatsoever as the result of any breach by Former Landlord that occurred before the date of attornment.

  • In the event that Investor’s exercise of the Investor Offset Right under this Section 6 results in the full satisfaction of Investor’s obligations under this Note, then Company shall return this Note to Investor for cancellation or, in the event this Note has been lost, stolen or destroyed, Company shall provide Investor with a lost note affidavit in a form reasonably acceptable to Investor.

  • Notwithstanding anything to the contrary in the Lease or this Agreement, before exercising any Termination Right or Offset Right, Tenant shall provide Mortgagee with notice of the breach or default by Landlord giving rise to same (the “Default Notice”) and, thereafter, the opportunity to cure such breach or default as provided for below.

  • Other than with respect to an Automatic Offset, Investor may only elect to exercise the Investor Offset Right by delivering to Company: (a) an offset notice in a form substantially similar to Exhibit D to the Company Note; and (2) payment of $250.00 to Company.

  • Other than with respect to an Automatic Offset, Investor may only elect to exercise the Investor Offset Right by delivering to Company an offset notice in a form substantially similar to Exhibit D to the Company Note or another form of Investor’s choosing.


More Definitions of Offset Right

Offset Right means any right or alleged right of Tenant to any offset, defense (other than one arising from actual payment and performance, which payment and performance would bind a Successor Solar Provider pursuant to this Agreement), claim, counterclaim, reduction, deduction, or abatement against Tenant’s payment of Charges or performance of Tenant’s other obligations under the PPA, arising (whether under the PPA or other applicable law) from Solar Provider’s breach or default under the PPA.
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Offset Right means any right or alleged right of Tenant to any offset, defense (other than (i) one arising from actual payment and performance, which payment and performance would bind a Successor Landlord pursuant to this Agreement, or (ii) the initial $12,000,000.00 payment under the Lease to the extent received by Landlord or Agent as of the date hereof), claim, counterclaim, reduction, deduction, credit or abatement against Tenant’s payment of rent or performance of Tenant’s other obligations under the Lease, arising (whether under the Lease or other applicable law) from Former Landlord’s breach or default under the Lease.
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Offset Right means any right or alleged right of Tenant to any offset, defense (other than one arising from actual payment and performance, which payment and performance would bind a Successor NY\5647302.4 NYI-4497869v13 Landlord pursuant to this Agreement), claim, counterclaim, reduction, deduction, or abatement against Tenant’s payment of Rent or performance of Tenant’s other obligations under the Lease, arising (whether under the Lease or under applicable law) from Landlord’s breach or default under the Lease.
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Offset Right means BMG's right, with respect to certain monies to which the Offset Right applies hereunder, to demand reimbursement from you of such monies (and you shall immediately make such reimbursement) and/or the right to charge such monies against and/or deduct same from any sums accruing or becoming payable hereunder.
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Offset Right means any right or alleged right of the Village to any offset, defense (other than one arising from actual payment and performance, which payment and performance would bind a Successor Owner pursuant to this Agreement), claim, counterclaim, reduction, deduction, or abatement against the Village's payment for the Village Reimbursed Improvements or performance of the Village's other obligations under the Redevelopment Agreement, arising (whether under the Redevelopment Agreement or other applicable law) from Developer's breach or default under the Redevelopment Agreement.
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Offset Right means any right of a creditor (other than those rights that were actually exercised prior to the Petition Date) to offset a mutual debt owing by such creditor to a Seller that arose before the Petition Date against a claim of such creditor against a Seller that arose before the Petition Date as provided in section 553 of the Bankruptcy Code."
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Offset Right means any right or alleged right of Tenant to any offset, defense (other than one arising from actual payment and performance, which payment and performance would bind a Successor Landlord pursuant to this Agreement), claim, counterclaim, reduction, deduction, or abatement against Tenant’s payment of Rent or performance of Tenant’s other obligations under the Lease, arising (whether under the Lease or other applicable law) from Landlord’s breach or default under the Lease. 1.8 “Rent” means any fixed rent, base rent or additional rent under the Lease. 1.9 “Successor Landlord” means any party that becomes owner of Landlord’s Premises as the result of a Foreclosure Event.
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