Lien on and Set-off of Deposits. As security for the due payment and performance of all the Obligations, each Borrower hereby grants to Agent for the ratable benefit of the Banks a Lien on any and all deposits or other sums at any time credited by or due from the Agent or any Bank to the Borrower, whether in regular or special depository accounts or otherwise, and any and all monies, securities and other property of the Borrower, and the proceeds thereof, now or hereafter held or received by or in transit to any Bank or the Agent from or for such Borrower, whether for safekeeping, custody, pledge, transmission, collection or otherwise, and any such deposits, sums, monies, securities and other property, may at any time after the occurrence and during the continuance of any Event of Default be set-off, appropriated and applied by any Bank or the Agent against any of the Obligations, whether or not any of such Obligations is then due or is secured by any collateral.
Lien on and Set-off of Deposits. As security for the due payment and performance of all the Obligations, the Borrower hereby grants to the Administrative Agent for the ratable benefit of the Lenders a Lien on any and all deposits or other sums at any time credited by or due from the Administrative Agent or any Lender to the Borrower, whether in regular or special depository accounts or otherwise, and any and all monies, securities and other property of the Borrower, and the proceeds thereof, now or hereafter held or received by or in transit to any Lender or the Administrative Agent from or for the Borrower, whether for safekeeping, custody, pledge, transmission, collection or otherwise, and any such deposits, sums, monies, securities and other property, may at any time after the occurrence and during the continuance of any Event of Default be set-off, appropriated and applied by any Lender or the Administrative Agent against any of the Obligations, whether or not any of such Obligations is then due or is secured by any collateral.
Lien on and Set-off of Deposits. As security for the due payment and performance of all the Obligations, the Borrower hereby grants to the Bank a Lien on any and all deposits or other sums at any time credited by or due from the Bank to the Borrower, whether in regular or special depository accounts or otherwise, and any and all monies, securities and other property of the Borrower, and the proceeds thereof, now or hereafter held or received by or in transit to the Bank from or for the Borrower, whether for safekeeping, custody, pledge, transmission, collection or otherwise, and any such deposits, sums, monies, securities and other property, may at any time after the occurrence and during the continuance of any Event of Default be set-off, appropriated and applied by the Bank against any of the Obligations, whether or not any of such Obligations are secured by any Collateral, or, if it is so secured, whether or not the Collateral is considered to be adequate.
Lien on and Set-off of Deposits. As security for the due payment and performance of all the Obligations, the Borrower hereby grants to Agent for the ratable benefit of the Lenders a Lien on any and all deposits or other sums at any time credited by or due from the Agent or any Lender to the Borrower, whether in regular or special depository accounts or otherwise, and any and all monies, securities and other property of the Borrower, and the proceeds thereof, now or hereafter held or received by or in transit to any Lender, the Collateral Monitoring Agent, the Issuing Bank or the Agent from or for the Borrower, whether for safekeeping, custody, pledge, transmission, collection or otherwise, and any such deposits, sums, monies, securities and other property, may at any time after the occurrence and during the continuance of any Event of Default be set-off, appropriated and applied by any Lender or the Agent against any of the Obligations, whether or not any of such Obligations is then due or is secured by any collateral, or, if it is so secured, whether or not the collateral held by the Agent is considered to be adequate, all as set forth in and pursuant to Section 2.17 hereof.
Lien on and Set-off of Deposits. As security for the due payment and performance of all the Obligations, each of the Borrowers hereby grants to each Bank and the Agent for the ratable benefit of the Banks a Lien on any and all deposits or other sums at any time credited by or due from the Agent or any Bank to such Borrower, whether in regular or special depository accounts or otherwise, and any and all monies, securities and other property of such Borrower, and the proceeds thereof, now or hereafter held or received by or in transit to any Bank or the Agent from or for such Borrower, whether for safekeeping, custody, pledge, transmission, collection or otherwise, and any such deposits, sums, monies, securities and other property, may at any time after the occurrence and during the continuance of any Event of Default be set-off, appropriated and applied by any Bank or the Agent against any of the Obligations, whether or not any of such Obligations is then due or is secured by any collateral, or, if it is so secured, whether or not the collateral held by the Agent is considered to be adequate.
Lien on and Set-off of Deposits. The Borrower hereby grants to each Bank and to the Agent for the ratable benefit of the Banks a Lien, security interest and right of setoff as security for the Obligations, upon and against all deposits, credits, collateral and property, now or hereafter in the possession, custody, safekeeping or control of any Bank or the Agent or any entity under the control of Fleet Financial Group, Inc., or in transit to any of the foregoing. At any time after the occurrence and during the continuance of any Event of Default, without demand or notice, any Bank or the Agent may set off the same or any part thereof and apply the same to any of the Obligations even though unmatured and regardless of the adequacy of any other collateral securing the Obligations. ANY AND ALL RIGHTS TO REQUIRE THE AGENT OR ANY BANK TO EXERCISE ITS RIGHTS OR REMEDIES WITH RESPECT TO ANY OTHER COLLATERAL WHICH SECURES THE OBLIGATIONS, PRIOR TO EXERCISING ITS RIGHT OF SETOFF WITH RESPECT TO SUCH DEPOSITS, CREDITS OR OTHER PROPERTY OF THE BORROWER, ARE HEREBY KNOWINGLY, VOLUNTARILY AND IRREVOCABLY WAIVED.
Lien on and Set-off of Deposits. As additional collateral security for the payment of the Obligations, the Borrower hereby grants to the Lender a lien on and security interest in and right of setoff to any and all deposits or other sums at any time credited by or due from the Lender or any Affiliate of the Lender to the Borrower, whether now existing or hereafter arising, whether in regular or special depository accounts or otherwise, and any and all monies, credit, collateral, securities and other property of the Borrower, whether now existing or hereafter arising, and the proceeds thereof, now or hereafter held or received by or in transit to the Lender or any Affiliate of the Lender from or for the Borrower, whether for safekeeping, custody, pledge, transmission, collection or otherwise. At any time, without demand or notice, the Lender may set off the same or any part thereof and apply the same to any of the Obligations of the Borrower even though unmatured and regardless of the adequacy of any other collateral securing the Loans. ANY AND ALL RIGHTS TO REQUIRE THE LENDER TO EXERCISE ITS RIGHTS OR REMEDIES WITH RESPECT TO ANY OTHER COLLATERAL WHICH SECURES THE OBLIGATIONS, PRIOR TO EXERCISING ITS RIGHT OF SETOFF WITH RESPECT TO SUCH DEPOSITS, CREDITS OR OTHER PROPERTY OF THE BORROWER, ARE HEREBY KNOWINGLY, VOLUNTARILY AND IRREVOCABLY WAIVED.
Lien on and Set-off of Deposits. As security for ------------------------------- the due payment and performance of all indebtedness and other liabilities and obligations of the Borrower to the Agent and the Banks under this Agreement and the Notes and any other obligation of the Borrower to the Agent and the Banks, whether now existing or hereafter arising, the Borrower hereby grants to the Agent, for the ratable benefit of the Agent and the Banks, a lien on and security interest in any and all deposits or other sums at any time credited by or due from any Bank to the Borrower, whether in regular or special depository accounts or otherwise, and any and all monies, securities and other property of the Borrower, and the proceeds thereof, now or hereafter held or received by or in transit to any Bank from or for the Borrower, whether for safekeeping, custody, pledge, transmission, collection or otherwise; and any such deposits, sums, monies, securities and other property may, at any time after the occurrence of any Event of Default, be set-off, appropriated and applied by the Agent against any indebtedness, liabilities or other obligation, whether now existing or hereafter arising, of the Borrower to the Agent and the Banks under this Agreement, any Note, or otherwise, whether or not such indebtedness, liability or obligation is then due or is secured by any collateral, or, if it is so secured, whether or not such collateral held by the Agent is considered to be adequate.
Lien on and Set-off of Deposits. As security for the due payment and performance of all the Obligations, Borrower hereby grants to Bank a Lien on any and all deposits or other sums at any time credited by or due from Bank to the Borrower, whether in regular or special depository accounts or otherwise, and any and all monies, securities and other property of Borrower, and the proceeds thereof, now or hereafter held or received by or in transit to Bank from or for Borrower, whether for safekeeping, custody, pledge, transmission, collection or otherwise, and any such deposits, sums, monies, securities and other property, may at any time after the occurrence and during the continuance of any Event of Default be set-off, appropriated and applied by Bank against any of the Obligations, whether or not any of such Obligations is then due or is secured by any Collateral.
Lien on and Set-off of Deposits. As security for the due payment and performance of all the Obligations, each Borrower hereby grants to each Lender a lien on and security interest in any and all deposits or other sums at any time credited by or due from such Lender to such Borrower, whether in regular or special depository accounts or otherwise, and any and all monies, securities and other property of such Borrower, and the proceeds thereof, now or hereinafter held or received by or in transit to such Lender from or for such Borrower, whether for safekeeping, custody, pledge, transmission, collection or otherwise, and any such deposits, sums, monies, securities and other property, may at any time be set-off, appropriated and applied by Lenders against any of the obligations, indebtedness or liabilities hereunder, under the Notes and under the Security Documents, in each case for the ratable benefit of all Lenders, whether or not any of such obligation is then due or is secured by any collateral, or, if it is so secured, whether or not the collateral is considered to be adequate.
