Common use of Lien on and Set-off of Deposits Clause in Contracts

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 Administrative Agent for the ratable benefit of the Banks and the Pre-Funding 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 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 hereinafter held or received by or in transit to any Lender Bank 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, 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 Bank or the Administrative Agent against any of the Obligations, whether or not any of such Obligations is then due or is secured by any collateralcollateral 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. As security for the due payment and performance of all the Obligations, each of the Borrower Borrowers hereby grants to the Administrative Agent for the ratable benefit of the Lenders Banks a Lien on any and all deposits or other sums at any time credited by or due from the Administrative Agent or any Lender Bank to any of the BorrowerBorrowers, whether in regular or special depository accounts or otherwise, and any and all monies, securities and other property of any of the BorrowerBorrowers, and the proceeds thereof, now or hereafter hereinafter held or received by or in transit to any Lender Bank or the Administrative Agent from or for any of the BorrowerBorrowers, 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 Bank 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, 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. As further 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 collateral 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 propertycollateral, 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 collateralCollateral.