Common use of Offsets Clause in Contracts

Offsets. If there shall occur or exist any Event of Default referred to in Section 7.10 hereof or if the Debt is accelerated pursuant to Section 8.01 or 8.02 hereof, each Bank shall have the right at any time to set off against, and to appropriate and apply toward the payment of, any and all Debt then owing by each Borrower to that Bank (including, without limitation, any participation purchased or to be purchased pursuant to Section 2.01B or 8.04 hereof), whether or not the same shall then have matured, any and all deposit balances and all other indebtedness then held or owing by that Bank to or for the credit or account of any Borrower or any Guarantor of Payment, all without notice to or demand upon such Borrower or any other Person, all such notices and demands being hereby expressly waived by each Borrower.

Offsets. If there shall occur or exist any Event of Possible Default referred to in under Section 7.10 10.07 hereof or if the Debt maturity of the Notes is accelerated pursuant to Section 8.01 11.01 or 8.02 11.02 hereof, each Bank shall have the right at any time to set off against, and to appropriate and apply toward the payment of, any and all Debt then owing by each Borrower to that Bank (including, without limitation, any participation purchased or to be purchased pursuant to Section 2.01B or 8.04 12.12 hereof), whether or not the same shall then have matured, any and all deposit balances and all other indebtedness Indebtedness then held or owing by that Bank to or for the credit or account of any Borrower or any Guarantor of Paymentthe Borrower, all without notice to or demand upon such the Borrower or any other Person, all such notices and demands being hereby expressly waived by each the Borrower.

Offsets. If there shall occur or exist any Event of Default referred to in Section 7.10 8.11 hereof or if the Debt maturity of the Notes is accelerated pursuant to Section 8.01 9.1 or 8.02 9.2 hereof, each Bank shall have the right at any time to set off against, and to appropriate and apply toward the payment of, any and all Debt then owing by each Borrower Borrowers to that such Bank (including, without limitation, any participation purchased or to be purchased pursuant to Section 2.01B 2.4(c) or 8.04 9.4 hereof), whether or not the same shall then have matured, any and all deposit (general or special) balances and all other indebtedness then held or owing by that such Bank (including, without limitation, by branches and agencies or any affiliate of such Bank) to or for the credit or account of any Borrower or any Guarantor of Payment, all without notice to or demand upon such any Borrower or any other Person, all such notices and demands being hereby expressly waived by each Borrower.

Offsets. If there shall occur or exist any Event of Default referred to in Section 7.10 hereof or if the Debt is accelerated pursuant to Section 8.01 or 8.02 hereof, each Bank shall have the right at any time to set off against, and to appropriate and apply toward the payment of, any and all Debt then owing by each Borrower to that Bank (including, without limitation, any participation purchased or to be purchased pursuant to Section 2.01B or 8.04 hereof), whether or not the same shall then have matured, any and all deposit balances and all other indebtedness then held or owing by that Bank to or for the credit or account of any Borrower or any Guarantor of Payment, all without notice to or demand upon such Borrower or any other Person, all such notices and demands being hereby expressly waived by each Borrower.

Offsets. If there shall occur or exist any Event of Default referred to in Section 7.10 hereof or if the Debt is accelerated pursuant to Section 8.01 or Section 8.02 hereof, each Bank Lender shall have the right at any time to set off against, and to appropriate and apply toward the payment of, any and all Debt then owing by each Borrower to that Bank Lender (including, without limitation, any participation purchased or to be purchased pursuant to Section 2.01B or 8.04 hereof), whether or not the same shall then have matured, any and all deposit balances and all other indebtedness then held or owing by that Bank Lender to or for the credit or account of any Borrower or any Guarantor of Payment, all without notice to or demand upon such Borrower or any other Person, all such notices and demands being hereby expressly waived by Borrower and each BorrowerGuarantor of Payment.

Offsets. If there shall occur or exist any Event of Default referred to in Section 7.10 hereof or if the Debt is accelerated pursuant to Section 8.01 or Section 8.02 hereof, each Bank shall have the right at any time to set off against, and to appropriate and apply toward the payment of, any and all Debt then owing by each Borrower to that Bank (including, without limitation, any participation purchased or to be purchased pursuant to Section 2.01B 2.01 or Section 8.04 hereof), whether or not the same shall then have matured, any and all deposit balances and all other indebtedness then held or owing by that Bank to or for the credit or account of any Borrower or any Guarantor of Payment, all without notice to or demand upon such Borrower or any other Person, all such notices and demands being hereby expressly waived by each Borrower.

Offsets. If there shall occur or exist any Event of Possible Default referred to in under Section 7.10 10.07 hereof or if the Debt maturity of the Notes is accelerated pursuant to Section 8.01 Sections 11.01 or 8.02 11.02 hereof, each Bank shall have the right at any time to set off against, and to appropriate and apply toward the payment of, any and all Debt then owing by each Borrower to that Bank (including, without limitation, any participation purchased or to be purchased pursuant to Section 2.01B or 8.04 12.12 hereof), whether or not the same shall then have matured, any and all deposit balances and all other indebtedness Indebtedness then held or owing by that Bank to or for the credit or account of any Borrower or any Guarantor of Paymentthe Borrower, all without notice to or demand upon such the Borrower or any other Person, all such notices and demands being hereby expressly waived by each the Borrower.

Offsets. If there shall occur or exist any Event of Default referred to in Section 7.10 7.11 hereof or if the Debt maturity of the Notes is accelerated pursuant to Section 8.01 8.1 or 8.02 8.2 hereof, each Bank shall have the right at any time to set off against, and to appropriate and apply toward the payment of, any and all Debt then owing by each Borrower to that Bank (including, without limitation, any participation purchased or to be purchased pursuant to Section 2.01B or 8.04 8.5 hereof), whether or not the same shall then have matured, any and all deposit balances and all other indebtedness then held or owing by that Bank to or for the credit or account of any Borrower or any Guarantor of PaymentBorrower, all without notice to or demand upon such Borrower or any other Personperson, all such notices and demands being hereby expressly waived by each Borrower.

Offsets. If there shall occur or exist any Event of Default referred to in Section 7.10 7.12 hereof or if the Debt maturity of the Notes is accelerated pursuant to Section 8.01 8.1 or 8.02 8.2 hereof, each Bank shall have the right at any time to set off against, and to appropriate and apply toward the payment of, any and all Debt then owing by each Borrower to that Bank (including, without limitation, any participation purchased or to be purchased pursuant to Section 2.01B or 8.04 8.4 hereof), whether or not the same shall then have matured, any and all deposit balances and all other indebtedness then held or owing by that Bank to or for the credit or account of any Borrower or any Guarantor of PaymentBorrower, all without notice to or demand upon such Borrower or any other Person, all such notices and demands being hereby expressly waived by each Borrower.

Offsets. If there shall occur or exist any Event of Default referred to in Section 7.10 7.11 hereof or if the Debt maturity of the Notes is accelerated pursuant to Section 8.01 8.1 or 8.02 8.2 hereof, each Bank shall have the right at any time to set off against, and to appropriate and apply toward the payment of, any and all Debt then owing by each Borrower to that Bank (including, without limitation, any participation purchased or to be purchased pursuant to Section 2.01B or 8.04 8.5 hereof), whether or not the same shall then have matured, any and all deposit balances and all other indebtedness then held or owing by that Bank to or for the credit or account of any Borrower or any Guarantor of PaymentBorrower, all without notice to or demand upon such Borrower or any other Person, all such notices and demands being hereby expressly waived by each Borrower.

Offsets. If there shall occur or exist any Event of Default referred to in Section 7.10 8.11 hereof or if the Debt maturity of the Notes is accelerated pursuant to Section 8.01 9.1 or 8.02 9.2 hereof, each Bank shall have the right at any time to set off against, and to appropriate and apply toward the payment of, any and all Secured Debt then owing by each any Borrower to that Bank (including, without limitation, any participation purchased or to be purchased pursuant to Section 2.01B or 8.04 9.5 hereof), whether or not the same shall then have matured, any and all deposit balances and all other indebtedness Indebtedness then held or owing by that Bank to or for the credit or account of any Borrower or any Guarantor of PaymentBorrower, all without notice to or demand upon such any Borrower or any other Person, all such notices and demands being hereby expressly waived by each Borrower.

Offsets. If there shall occur or exist any Event of Default referred to in Section 7.10 7.9 hereof or if the Debt maturity of the Notes is accelerated pursuant to Section 8.01 8.1 or 8.02 8.2 hereof, each Bank shall have the right at any time to set off against, and to appropriate and apply toward the payment of, any and all Debt then owing by each Borrower to that Bank (including, without limitation, any participation purchased or to be purchased pursuant to Section 2.01B or 8.04 8.5 hereof), whether or not the same shall then have matured, any and all deposit balances and all other indebtedness then held or owing by that Bank to or for the credit or account of any Borrower or any Guarantor of PaymentBorrower, all without notice to or demand upon such Borrower or any other Personperson, all such notices and demands being hereby expressly waived by each Borrower.

Offsets. If there shall occur or exist any Event of Default referred to in Section 7.10 hereof or if the Debt maturity of the Notes is accelerated pursuant to Section 8.01 8.1 or 8.02 8.2 hereof, each Bank shall have the right at any time to set off against, and to appropriate and apply toward the payment of, any and all Debt then owing by each Borrower to that Bank (including, without limitation, any participation purchased or to be purchased pursuant to Section 2.01B or 8.04 8.5 hereof), whether or not the same shall then have matured, any and all deposit balances and all other indebtedness then held or owing by that Bank to or for the credit or account of any Borrower or any Guarantor of PaymentBorrower, all without notice to or demand upon such Borrower or any other Personperson, all such notices and demands being hereby expressly waived by each Borrower.

Offsets. If there shall occur or exist any Event of Default referred to in Section 7.10 7.11 hereof or if the Debt maturity of the Notes is accelerated pursuant to Section 8.01 8.1 or 8.02 8.2 hereof, each Bank shall have the right at any time to set off against, and to appropriate and apply toward the payment of, any and all Debt then owing by each Borrower to that Bank (including, without limitation, any participation purchased or to be purchased pursuant to Section 2.01B or 8.04 8.4 hereof), whether or not the same shall then have matured, any and all deposit balances and all other indebtedness then held or owing by that Bank to or for the credit or account of any Borrower or any Guarantor of PaymentBorrower, all without notice to or demand upon such Borrower or any other Person, all such notices and demands being hereby expressly waived by each Borrower.

Offsets. If there shall occur or exist any Event of Possible Default referred to in under Section 7.10 10.07 hereof or if the Debt maturity of the Notes is accelerated pursuant to Section 8.01 Sections 11.01 or 8.02 11.02 hereof, each Bank shall have the right at any time to set off against, and to appropriate and apply toward the payment of, any and all Debt then owing by each Borrower to that Bank (including, without limitation, any participation purchased or to be purchased pursuant to Section 2.01B or 8.04 12.12 hereof), whether or not the same shall then have matured, any and all deposit balances and all other indebtedness then held or owing by that Bank to or for the credit or account of any Borrower or any Guarantor of Paymentthe Borrower, all without notice to or demand upon such the Borrower or any other Person, all such notices and demands being hereby expressly waived by each the Borrower.

Offsets. If there shall occur or exist any Event of Default referred to in Section 7.10 hereof or if the Debt is accelerated pursuant to Section 8.01 or Section 8.02 hereof, each Bank Lender shall have the right at any time to set off against, and to appropriate and apply toward the payment of, any and all Debt then owing by each Borrower Borrowers to that Bank Lender (including, without limitation, any participation purchased or to be purchased pursuant to Section 2.01B or 8.04 hereof), whether or not the same shall then have matured, any and all deposit balances and all other indebtedness then held or owing by that Bank Lender to or for the credit or account of any Borrower Borrowers or any Guarantor of Payment, all without notice to or demand upon such Borrower Borrowers or any other Person, all such notices and demands being hereby expressly waived by Borrowers and each BorrowerGuarantor of Payment.

Offsets. If there shall occur or exist any Event of Default referred to in Section 7.10 hereof or if the Debt maturity of the Notes is accelerated pursuant to Section 8.01 8.1 or 8.02 8.2 hereof, each Bank shall have the right at any time to set off against, and to appropriate and apply toward the payment of, any and all Debt then owing by each Borrower to that Bank (including, without limitation, any participation purchased or to be purchased pursuant to Section 2.01B or 8.04 8.5 hereof), whether or not the same shall then have matured, any and all deposit balances and all other indebtedness then held or owing by that Bank to or for the credit or account of any Borrower or any Guarantor of PaymentBorrower, all without notice to or demand upon such Borrower or any other Person, all such notices and demands being hereby expressly waived by each Borrower.

Offsets. If there shall occur or exist any Event of Default referred to in Section 7.10 7.11 hereof or if the Debt maturity of the Notes is accelerated pursuant to Section 8.01 8.1 or 8.02 8.2 hereof, each Bank shall have the right at any time to set off against, and to appropriate and apply toward the payment of, any and all Debt then owing by each Borrower to that Bank (including, without limitation, any participation purchased or to be purchased pursuant to Section 2.01B or 8.04 8.4 hereof), whether or not the same shall then have matured, any and all deposit balances and all other indebtedness then held or owing by that Bank to or for the credit or account of any Borrower or any Guarantor of PaymentBorrower, all without notice to or demand upon such Borrower or any other Personperson, all such notices and demands being hereby expressly waived by each Borrower.

Offsets. If there shall occur or exist any Event of Default referred to in Section 7.10 hereof or if the maturity of the Debt is accelerated pursuant to Section 8.01 8.1 or 8.02 8.2 hereof, each Bank shall have the right at any time to set off against, and to appropriate and apply toward the payment of, any and all Debt then owing by each Borrower Borrowers to that Bank (including, without limitation, any participation purchased or to be purchased pursuant to Section 2.01B 2.1B, 2.1C or 8.04 8.5 hereof), whether or not the same shall then have matured, any and all deposit balances and all other indebtedness then held or owing by that Bank to or for the credit or account of any Borrower or any of Guarantor of Payment, all without notice to or demand upon such any Borrower or any other Person, all such notices and demands being hereby expressly waived by each Borrower.

Offsets. If there shall occur or exist any Event of Default referred to in Section 7.10 6.12 hereof or if the Debt maturity of the Notes is accelerated pursuant to Section 8.01 7.1 or 8.02 7.2 hereof, each Bank shall have the right at any time to set off against, and to appropriate and apply toward the payment of, any and all Debt then owing by each Borrower to that Bank (including, without limitation, any participation purchased or to be purchased pursuant to Section 2.01B or 8.04 7.4 hereof), whether or not the same shall then have matured, any and all deposit balances and all other indebtedness then held or owing by that Bank to or for the credit or account of any Borrower or any Guarantor of Payment, all without notice to or demand upon such Borrower or any other Person, all such notices and demands being hereby expressly waived by each Borrower.

Offsets. If there shall occur or exist any Event of Default referred to in Section 7.10 7.12 hereof or if the Debt maturity of the Notes is accelerated pursuant to Section 8.01 8.1 or 8.02 8.2 hereof, each Bank shall have the right at any time to set off against, and to appropriate and apply toward the payment of, any and all Debt then owing by each a Borrower to that Bank (including, without limitation, any participation purchased or to be purchased pursuant to Section 2.01B or 8.04 8.5 hereof), whether or not the same shall then have matured, any and all deposit balances and all other indebtedness then held or owing by that Bank to or for the credit or account of any Borrower or any Guarantor of Paymentsuch Borrower, all without notice to or demand upon such any Borrower or any other Person, all such notices and demands being hereby expressly waived by each Borrower.

Offsets. If there shall occur or exist any Event of Default referred to in Section ‎Section 7.10 hereof or if the Debt is accelerated pursuant to Section ‎Section 8.01 or ‎Section 8.02 hereof, each Bank Lender shall have the right at any time to set off against, and to appropriate and apply toward the payment of, any and all Debt then owing by each Borrower to that Bank Lender (including, without limitation, any participation purchased or to be purchased pursuant to Section 2.01B ‎Section 2.01 or ‎Section 8.04 hereof), whether or not the same shall then have matured, any and all deposit balances and all other indebtedness then held or owing by that Bank Lender to or for the credit or account of any Borrower or any Guarantor of Payment, all without notice to or demand upon such Borrower or any other Person, all such notices and demands being hereby expressly waived by each Borrower.