Define RIGHTS OF SETOFF. In the event that either Party shall default in any payment or other performance under this or any other Contract existing by and between the parties hereto, or if any suit, claim, demand, action or cause of action shall be inst
A set-off contract involves a set-off clause, which is a legal provision that allows a lender to seize a debtor's deposits if they default on a loan.
Rights of Set-Off A portion of aloanagreement stating the rights of each party should one party or the otherdefaulton his/her obligations. Rights of set-off are most often stated explicitly when two parties are lendingmoneyto each other. See also:Parallel loan. ...
Set-offmeans set-off, offset, combination of accounts, right of retention or withholding or similar right or requirement to which the payer of an amount under Section 6 is entitled or subject (whether arising under this Agreement, another contract, applicable law or otherwise) that is exercised...
rights of set off 青云英语翻译 请在下面的文本框内输入文字,然后点击开始翻译按钮进行翻译,如果您看不到结果,请重新翻译! 翻译结果1翻译结果2翻译结果3翻译结果4翻译结果5 翻译结果1复制译文编辑译文朗读译文返回顶部 掀起权利 翻译结果2复制译文编辑译文朗读译文返回顶部...
Bridge.to cause (the opposing partnership or their contract) to fall short: We set them two tricks at four spades. Only perfect defense could set four spades. to affix or apply, as by stamping: The king set his seal to the decree. ...
Set-off clauses are most commonly used in loan agreements between lenders, such as banks, and their borrowers. They may also be used in other kinds of transactions where one party faces a risk of payment default, such as a contract between a manufacturer and a buyer of its goods. TheTrut...
Set-off in the construction industry in Scotland is then discussed within the contractual frameworks upon which main contractors are entitled to exercise such rights and how these conditions of contract have been formed over recent years. A study reported shows the extent of the use of amended ...
Implied contract terms refer to the terms that are not expressly stated in a contract but are assumed to be included. Because all contracts are incomplete and contracting parties face a trade-off between the costs and benefits of writing more complete contracts, relying on implied contract terms ...
frequency of inspections are to be controlled by quality control plans 画归因于明显因而1是要求处理comtrol和检查的特征。 检查频率将由质量管理计划控制 [translate] aBuyer will pay the Price to the Seller without deduction, set off or discount determined in accordance with the contract 买家将付价格到...