Examples of 'rights of set-off' in a sentence
Meaning of "rights of set-off"
Rights of set-off: Rights of set-off refer to the legal right of a creditor to offset a debt owed to them by a debtor against any claims or debts that the creditor may owe to the debtor. This right allows for the mutual cancellation of obligations in certain circumstances, providing a way to settle debts without the need for full payment
How to use "rights of set-off" in a sentence
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rights of set-off
Defences and rights of set-off of the debtor.
Agreement not to raise defences or rights of set-off.
Defences and rights of set-off of the debtor of the receivable.
The purpose of such a notification is normally to freeze the debtor 's rights of set-off.
The enforcement of the depositary bank 's rights of set-off remains subject to other law.
Rights of set-off and retention are only admissible with legally established, recognized or undisputed claims.
Nor is the bank obligated to disclose its rights of set-off to third parties.
Rights of set-off.
The debtor does not and will not have any defences or rights of set-off.
The debtor may waive its defences and rights of set-off by agreement with the assignor.
Accordingly paragraph 2 of the present Article is confined to substantive defences and rights of set-off.
Article 18 Defences and rights of set-off of the debtor.
The Working Group considered a proposed revision of the recommendations concerning rights of set-off as follows.
Debtor defences and rights of set-off.
The purpose of such a notification is normally to freeze the debtor & apos ; s rights of set-off.
See also
The assignment of the PSTC does not affect legal rights of set-off in our favour.
For the same reason, debtors often waive their defences and rights of set-off.
Creditors may exercise rights of set-off.
The Commission approved the substance of chapter II, section G, " Rights of set-off ".
Under our national law any waiver of future defences and rights of set-off is prohibited.
Debtor & apos ; s defences and rights of set-off.
Article 21, Agreement not to raise defences or rights of set-off.
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