Common use of Defense Against Claims Clause in Contracts

Defense Against Claims. Defend the Collateral against the claims and demands of all other parties, including without limitation defenses, set-offs, claims, cross claims and counterclaims asserted by any obligor against Debtor or Secured Party and claims, cross claims and counterclaims asserted by any other creditor claiming an interest in the Collateral.

Appears in 4 contracts

Samples: Revolving Credit Agreement and Assignment (Resource America Inc), Revolving Credit Agreement and Assignment (Lease Equity Appreciation Fund I Lp), Revolving Credit Agreement and Assignment (Lease Equity Appreciation Fund I Lp)

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Defense Against Claims. Defend the Collateral against the claims and demands of all other parties, including without limitation defenses, set-offs, claims, cross claims and counterclaims asserted by any obligor Obligor against Debtor any Borrower or Secured Party and claims, cross claims and counterclaims asserted by any other creditor person claiming an interest in the Collateral.

Appears in 1 contract

Samples: Revolving Credit Agreement and Assignment (Lease Equity Appreciation Fund I Lp)

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