Deposits; Set Off. If any Event of Default occurs hereunder, Lender may offset and apply any and all monies, balances, accounts and deposits (including certificates of deposit) of the Company at Lender now or at any time hereafter toward the payment of the Note, whether or not the Note, or any part thereof, shall then be due. Promptly upon its charging any account of the Company pursuant to this Section, Lender shall give the Company notice thereof.
Appears in 4 contracts
Samples: Credit Agreement (Strattec Security Corp), Credit Agreement (Strattec Security Corp), Credit Agreement (Strattec Security Corp)
