Common use of Additional Security; Right to Set-Off Clause in Contracts

Additional Security; Right to Set-Off. 12.2.1 Any deposits (general or special, time or demand, provisional or final, including indebtedness evidenced by certificates of deposit, whether matured or unmatured, but not including trust accounts) or other sums at any time held or owing by any Secured Party or any Affiliate thereof to or for the credit or the account of Borrower and any Project Revenues, securities or other property of Borrower in the possession of any Secured Party may at all times be treated as collateral security for the payment of the Loans and any Notes and all other obligations of Borrower to the Secured Parties under the Credit Documents, and Borrower has pledged and granted to Collateral Agent a security interest in and to all such deposits, sums, securities or other property pursuant to the Collateral Documents.

Appears in 2 contracts

Samples: Lender Agreement (Bloom Energy Corp), Lender Agreement (Bloom Energy Corp)

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Additional Security; Right to Set-Off. 12.2.1 Any deposits (general or special, time or demand, provisional or final, including indebtedness evidenced by certificates of deposit, whether matured or 109 unmatured, but not including trust accounts) or other sums at any time held or owing by any Secured Party or any Affiliate thereof to or for the credit or the account of Borrower Borrowers and any Project Revenues, securities or other property of Borrower Borrowers in the possession of any Secured Party may at all times be treated as collateral security for the payment of the Loans and any Notes and all other obligations of Borrower Borrowers to the Secured Parties under the Credit Documents, and Borrower has pledged Borrowers hereby pledge to Collateral Agent and granted to grant Collateral Agent a security interest in and to all such deposits, sums, securities or other property pursuant to the Collateral Documentsproperty.

Appears in 1 contract

Samples: Credit Agreement (Renegy Holdings, Inc.)

Additional Security; Right to Set-Off. 12.2.1 Any deposits (general or special, time or demand, provisional or final, including indebtedness evidenced by certificates of deposit, whether matured or unmatured, but not including trust accounts) or other sums at any time held or owing by any Secured Party or any Affiliate thereof to or for the credit or the account of Borrower Borrowers and any Project Revenues, securities or other property of Borrower Borrowers in the possession of any Secured Party may at all times be treated as collateral security for the payment of the Loans and any Notes and all other obligations of Borrower Borrowers to the Secured Parties under the Credit Documents, and Borrower has pledged Borrowers hereby pledge to Collateral Agent and granted to grant Collateral Agent a security interest in and to all such deposits, sums, securities or other property pursuant to the Collateral Documentsproperty.

Appears in 1 contract

Samples: Credit Agreement (Renegy Holdings, Inc.)

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Additional Security; Right to Set-Off. 12.2.1 13.2.1 Any deposits (general or special, time or demand, provisional or final, including indebtedness evidenced by certificates of deposit, whether matured or unmatured, but not including trust accounts) or other sums at any time held or owing by any Secured Party or any Affiliate thereof to or for the credit or the account of Borrower and any Project Revenues, securities or other property of Borrower in the possession of any Secured Party may at all times be treated as collateral security for the payment of the Loans and any Notes and all other obligations of Borrower to the Secured Parties under the Credit Documents, and Borrower has pledged and granted to Collateral Agent a security interest in and to all such deposits, sums, securities or other property pursuant to the Collateral Documents.

Appears in 1 contract

Samples: Credit Agreement (First Wind Holdings Inc.)

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