Template:Nutshell GMSLA 11.8: Difference between revisions

Template:Nutshell GMSLA 11.8 (view source)

1 byte removed , 24 June 2020

no edit summary

82,891

edits

Revision as of 09:43, 24 June 2020 (view source) Amwelladmin (talk \| contribs) No edit summary ← Older edit		Revision as of 10:23, 24 June 2020 (view source) Amwelladmin (talk \| contribs) No edit summary Newer edit →
Line 1:		Line 1:
	:{{gmslaprov\|11.8}} '''{{gmslaprov\|Set-off}}''' Any amount payable to one {{gmslaprov\|Party}} by the other under {{gmslaprov\|11.2(b)}} may, at the {{gmslaprov\|Non Defaulting Party}}’s option, be [[set off]] against any amount payable the other way under any other agreement between the {{gmslaprov\|Parties}}. The {{gmslaprov\|Non Defaulting Party}} may estimate any [[unascertained obligation]] but must account for any difference once finally ascertained. This paragraph does not create a [[security interest]], or prejudice any other rights either party may have. <br>		{{gmslaprov\|11.8}} '''{{gmslaprov\|Set-off}}''' Any amount payable to one {{gmslaprov\|Party}} by the other under {{gmslaprov\|11.2(b)}} may, at the {{gmslaprov\|Non Defaulting Party}}’s option, be [[set off]] against any amount payable the other way under any other agreement between the {{gmslaprov\|Parties}}. The {{gmslaprov\|Non Defaulting Party}} may estimate any [[unascertained obligation]] but must account for any difference once finally ascertained. This paragraph does not create a [[security interest]], or prejudice any other rights either party may have. <br>