Common use of Lender’s Setoff Clause in Contracts

Lender’s Setoff. The Lender shall have the right, in addition to all other rights and remedies available to it, to setoff and to recover against any or all of the Obligations due to Lender, any monies now and hereafter owing to Borrower by the Lender. Borrower waives all rights of setoff, deduction, recoupment and counterclaim.

Appears in 8 contracts

Samples: Loan Agreement (Madison River Capital LLC), Loan Agreement (Madison River Capital LLC), Loan Agreement (Madison River Capital LLC)

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Lender’s Setoff. The Lender shall have the right, in addition to all other rights and remedies available to it, to setoff and to recover against any or all of the Obligations due to Lender, any monies now and hereafter owing to Borrower by the Lender. Borrower waives all rights of setoff, deduction, recoupment and or counterclaim.

Appears in 2 contracts

Samples: Loan Agreement (Dakota Telecommunications Group Delaware Inc), Loan Agreement (Citizens Communications Co)

Lender’s Setoff. The Lender shall have the right, in addition --------------- to all other rights and remedies available to it, to setoff and to recover against any or all of the Obligations due to Lender, any monies now and hereafter owing to Borrower by the Lender. Borrower waives all rights of setoff, deduction, recoupment and or counterclaim.

Appears in 1 contract

Samples: Loan Agreement (Emerging Communications Inc)

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Lender’s Setoff. The Lender shall have the right, in addition to all other rights and remedies available to it, to setoff set off and to recover against any or all of the Obligations due to Lender, any monies now and hereafter owing to Borrower by the Lender. Borrower waives all rights of setoff, deduction, recoupment and or counterclaim.

Appears in 1 contract

Samples: Loan Agreement (Emerging Communications Inc)

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