Lender’s Setoff. Lender shall have the right, in addition to all other rights and remedies available to it, following an Event of Default, to set off against any Obligations due Lender, any debt owing to Borrower by Lender, including, without limitation, any funds in any checking or other account now or hereafter maintained by Borrower at Lender. Borrower hereby confirms Lender’s right to banker’s lien and setoff, and nothing in this Agreement or any of the Loan Documents shall be deemed a waiver or prohibition of Lender’s right of banker’s lien and setoff.
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Samples: Loan and Security Agreement, Revolving Credit and Term Loan Agreement (Addvantage Technologies Group Inc)
Lender’s Setoff. Lender shall have the right, in addition to all other rights and remedies available to itthem, following an Event of Default, to set off against any Obligations due Lender, any debt owing to Borrower Borrowers by Lender, including, without limitation, any funds in any checking or other account now or hereafter maintained by Borrower Borrowers at Lender. Borrower Borrowers hereby confirms confirm Lender’s right to banker’s lien and setoff, and nothing in this Agreement or any of the Loan Documents shall be deemed a waiver or prohibition of Lender’s right of banker’s lien and setoff.
Appears in 2 contracts
Samples: Loan and Security Agreement, Loan and Security Agreement (New Source Energy Partners L.P.)
Lender’s Setoff. Lender shall have the right, in addition to all other rights and remedies available to it, following during an Event of Default, to set off against any Obligations due Lender, any debt owing to Borrower by Lender, including, without limitation, any funds in any checking or other account now or hereafter maintained by Borrower at Lender. Borrower hereby confirms Lender’s right to banker’s lien and setoff, and nothing in this Agreement or any of the Loan Documents shall be deemed a waiver or prohibition of Lender’s right of banker’s lien and setoff.. STINGRAY PRESSURE PUMPING, LLC PAGE 26 LOAN AND SECURITY AGREEMENT
Appears in 2 contracts
Samples: Loan and Security Agreement (Mammoth Energy Partners LP), Loan and Security Agreement (Mammoth Energy Partners LP)
Lender’s Setoff. Lender shall have the right, in addition to all other rights and remedies available to it, following an Event of Default, to set off against any or all of the Obligations due Lender, any debt owing to Borrower by Lender, including, without limitation, any funds in any checking or other account now or hereafter maintained by Borrower at Lender. Borrower hereby confirms Lender’s right to banker’s lien and setoff, and nothing in this Agreement or any of the Loan Documents Other Agreements shall be deemed a waiver or prohibition of Lender’s right rights of banker’s lien and or setoff.
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