Common use of Liens and Setoffs Clause in Contracts

Liens and Setoffs. In addition to all liens upon, and rights of setoff against the moneys, securities, or other property of Guarantors, if any, given to Obligee by law, Obligee shall have a lien upon and a right of setoff against all moneys, securities, and other property of Guarantors now or hereafter in the possession of Obligee, whether held in a general or special account, or for safekeeping or otherwise; and every such lien and right of setoff may be exercised without demand upon or notice to Guarantors.

Appears in 3 contracts

Samples: Novation Agreement (Intermountain Refining Co Inc), Novation Agreement (Unico Inc /Nm/), Novation Agreement (Intermountain Refining Co Inc)

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Liens and Setoffs. In addition to all liens uponon, and rights of setoff against the moneysmoney, securities, securities or other property of Guarantors, if any, Guarantor given to Obligee by law, Obligee shall have a lien upon on and a right of setoff against all moneysmoney, securities, and other property of Guarantors Guarantor now or hereafter later in the possession of Obligee, whether held in a general or special account, or for safekeeping or otherwise; and every such lien and right of setoff may be exercised without demand upon on or notice to Guarantors.Guarantor. Bay Tech Gross Office Lease

Appears in 1 contract

Samples: Lease Agreement (Dance Biopharm, Inc.)

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Liens and Setoffs. In addition to all liens uponon, and rights of to setoff against the moneysmoney, securities, or other property of Guarantors, if any, Guarantor given to Obligee Obligees by law, Obligee Obligees shall have a lien upon on and a right of setoff against all moneysmoney, securities, and other property of Guarantors Guarantor now or hereafter later in the possession of ObligeeObligees, whether held in a general or special specific account, or for safekeeping or otherwise; and every such lien and right of setoff may be exercised without demand upon on or notice to Guarantors.

Appears in 1 contract

Samples: Guaranty Agreement (Western Power & Equipment Corp)

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