Common use of Adjustments; Set-off; Calculations; Computations Clause in Contracts

Adjustments; Set-off; Calculations; Computations. (a) If any Lender (a “Benefited Lender”) shall at any time receive any payment of all or part of its Loans, or interest (b) In addition to any rights and remedies of the Lenders provided by law, each Lender shall have the right, without prior notice to the Borrower, any such notice being expressly waived by the Borrower to the extent permitted by applicable law, upon the occurrence of an Event of Default under Subsection 9.1(b) to set-off and appropriate and apply against any amount then due and payable under Subsection 9.1

Appears in 1 contract

Samples: Term Loan Credit Agreement (Cornerstone Building Brands, Inc.)

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