Common use of Liens; Setoff Clause in Contracts

Liens; Setoff. The Borrowers hereby grant to the Lenders a continuing lien and security interest for all the Obligations upon any and all monies, securities, and other property of the Borrowers and the proceeds thereof, now or hereafter held or received by or in transit to, the Lenders, or any affiliate of any of the Lenders, from or for any of the Borrowers, and also upon any and all deposits (general or special) and credits of any of the Borrowers with any of the Lenders, if any, at any time existing. During the continuance of any Event of Default under this Agreement, each Lender is hereby authorized by any of the Borrowers at any time and from time to time, without notice to the Borrowers, to set off, appropriate and apply any or all items hereinabove referred to against all Obligations then outstanding.

Liens; Setoff. The Borrowers Borrower hereby grant grants to the Lenders a continuing lien and security interest for all the Obligations upon any and all monies, securities, and other property of the Borrowers Borrower and the proceeds thereof, now or hereafter held or received by or in transit to, the Lenders, or any affiliate of any of the Lenders, from or for any of the BorrowersBorrower, and also upon any and all deposits (general or special) and credits of any of the Borrowers Borrower with any of the Lenders, if any, at any time existing. During the continuance of any Event of Default under this Agreement, each Lender is hereby authorized by any of the Borrowers Borrower at any time and from time to time, without notice to the BorrowersBorrower, to set off, appropriate and apply any or all items hereinabove referred to against all Obligations then outstanding.

Liens; Setoff. The Each of the Borrowers hereby grant grants to the Lenders Lender a continuing lien and security interest for all the Obligations upon any and all monies, securities, and other property of the Borrowers and the proceeds thereof, now or hereafter held or received by or in transit to, the LendersLender, or any affiliate of any of the LendersLender, from or for any of the Borrowers, and also upon any and all deposits (general or special) and credits of any of the Borrowers with any of the LendersLender, if any, at any time existing. During the continuance of any Event of Default under this Agreement, each the Lender is hereby authorized by any each of the Borrowers at any time and from time to time, without notice to the Borrowers, to set off, appropriate and apply any or all items hereinabove referred to against all Obligations then outstanding.

Liens; Setoff. The Borrowers Each Borrower hereby grant grants to the Lenders a continuing lien and security interest for all the Obligations upon any and all monies, securities, and other property of the Borrowers and the proceeds thereof, now or hereafter held or received by or in transit to, the Lenders, or any affiliate of any of the Lenders, from or for any of the BorrowersBorrower, and also upon any and all deposits (general or special) and credits of any of the such Borrowers with any of the Lenders, if any, at any time existing. During the continuance of any Event of Default under this Agreement, each Lender is hereby authorized by any of the Borrowers each Borrower at any time and from time to time, without notice to the Borrowersany Borrower, to set off, appropriate and apply any or all items hereinabove referred to against all Obligations then outstanding.