Counterclaims. Borrower waives all rights to interpose any claims, deductions, setoffs or counterclaims of any kind, nature or description in any action or proceeding instituted by Lender with respect to this Agreement, the Obligations, the Collateral or any matter arising therefrom or relating thereto, except compulsory counterclaims.
Appears in 7 contracts
Samples: Loan and Security Agreement (Ohio Art Co), Loan and Security Agreement (Enamelon Inc), Loan and Security Agreement (STM Wireless Inc)
Counterclaims. Borrower waives all rights to interpose any claims, deductions, setoffs or counterclaims of any kind, nature or description in any action or proceeding instituted by Lender with respect to this Agreement, the Obligations, the Collateral or any matter arising arrising therefrom or relating thereto, except compulsory counterclaims.
Appears in 2 contracts
Samples: Loan and Security Agreement (Drugmax Com Inc), Loan and Security Agreement (Dynamic Health Products Inc)