Charges Against Credit Balances. Borrower hereby grants to Lender (i) a lien, security interest and a right of setoff as security for all liabilities and obligations to Lender, including, but not limited to, the Debt, whether now existing or hereafter arising, upon and against all deposits, credits, collateral and property, now or hereafter in the possession, custody, safekeeping or control of Lender or any entity under the control of Lender and (ii) a lien and security interest in all deposits, credits, collateral and property, now or hereafter in the possession, custody, safekeeping or control of Alliance & Leicester, or in transit to any of them. At any time during a Default Period, without demand or notice, Lender may set off or apply the same to any liability or obligation of Borrower even though unmatured and regardless of the adequacy of any other collateral securing the Revolving Loan. Any and all rights to require Lender to exercise its rights or remedies with respect to any other Collateral which secures the Debt, prior to exercising its right of setoff or enforcement of its security interest with respect to such deposits, credits or other property of Borrower are hereby knowingly, voluntarily and irrevocably waived. Lender is not required to marshal any present or future security for, or guarantees of, the obligations or to resort to any such security or guarantee in any particular order and Borrower waives, to the fullest extent that it lawfully can, (a) any right it might have to require Lender to pursue any particular remedy before proceeding against it and (b) any right to the benefit of, or to direct the application of the proceeds of any Collateral until the Debt is paid in full.
Charges Against Credit Balances. At any time prior to or following Default, Lenders, without notice, in their sole and absolute discretion, may charge, setoff and withdraw from any credit balance, Collateral or property which Borrower or (to the extent so provided in their Guaranty) the Guarantor may then have with Lenders or any Affiliate, any amount(s) which become due to Lenders or which are otherwise expended or advanced by Agent under this Agreement.
Charges Against Credit Balances. The Bank, without demand, may charge and withdraw from any credit balance that any Loan Party may then have with the Bank, or with any Affiliate of the Bank, any amount that shall become due from any Loan Party to the Bank.
Charges Against Credit Balances. At any time prior to or following Default, Lender, without notice, in its sole and absolute discretion, may charge, setoff and withdraw from any credit balance, Collateral or property which Borrower or Guarantor may then have with Lender or any Affiliate, any amount(s) which become due to Lender or which are otherwise expended or advanced by Lender under this Agreement.
Charges Against Credit Balances. The Lender, ------------------------------- without demand and acting in its sole and absolute discretion, in each instance, may charge and withdraw from any credit balance which the Borrower may then have with the Lender or which the Borrower may have with any affiliate of the Lender, any amount which shall become due from the Borrower to the Lender under this Agreement. The Lender, within a reasonable time thereafter, shall advise the Borrower of each such charge.
Charges Against Credit Balances. Lender, without demand, may charge and withdraw from any credit balance that Borrower may then have with Lender, or with any affiliate of Lender, any amount that shall become due from Borrower to Lender under this Agreement or any of the Relevant Documents.
