Common use of Deposits; Setoff Clause in Contracts

Deposits; Setoff. Regardless of the adequacy of any other collateral held by Lender, any deposits or other sums credited by or due from the Lender to the Borrower shall at all times constitute collateral security for the Indebtedness, and may be set off against the Loan in any manner the Lender shall choose and any and all liabilities, direct or indirect, absolute or contingent, due or to become due, now existing or hereafter arising to the Lender. The rights granted by this section shall be in addition to the rights of the Lender under any statutory banker's lien or the common law right of set-off.

Deposits; Setoff. Regardless of the adequacy of any other collateral held by Lenderthe Bank, any deposits or other sums credited by or due from the Lender Bank to the Borrower Borrowers shall at all times constitute collateral security for the Indebtedness, and may be set off against the Loan any Indebtedness in any manner the Lender Bank shall choose and any and all liabilities, direct or indirect, absolute or contingent, due or to become due, now existing or hereafter arising to the LenderBank. The rights granted by this section Section 8.3 shall be in addition to the rights of the Lender Bank under any statutory banker's lien or the common law right of set-off.

Deposits; Setoff. Regardless of the adequacy of any other collateral held by Lenderthe Bank, any deposits or other sums credited by or due from the Lender Bank to the Borrower shall at all times constitute collateral security for the Indebtedness, and may be set off against the Loan any Indebtedness in any manner the Lender Bank shall choose and any and all liabilities, direct or indirect, absolute or contingent, due or to become due, now existing or hereafter arising to the LenderBank. The rights granted by this section Section 8.3 shall be in addition to the rights of the Lender Bank under any statutory banker's lien or the common law right of set-off.