Right to Freeze. The Administrative Agent and each of the Lenders shall also have the right, at its option, upon the occurrence of any event which would entitle the Administrative Agent and each of the Lenders to set off or debit as set forth in Section 12.2, to freeze, block or segregate any such deposits, balances and other sums so that Borrower may not access, control or draw upon the same.
Right to Freeze. Lender shall also have the right, at its option, upon the occurrence of any event which would entitle Lender to set off or debit as set forth in Section 13.2, to freeze, block or segregate any such deposits, balances and other sums so that Borrower may not access, control or draw upon the same.
Right to Freeze. Bank shall also have the right, at its option, upon the occurrence of any event which would entitle Bank to set off or debit as set forth in Section 9.2 of this Agreement, to freeze, block or segregate any such deposits, balances and other sums of Borrower so that Borrower may not access, control or draw upon the same.
Right to Freeze. The Agent and each of the Lenders shall also have the right, at its option, upon the occurrence of any event which would entitle the Agent and each of the Lenders to set off or debit as set forth in Section 10.2 to freeze, block or segregate any such deposits, balances and other sums so that the Borrowers may not access, control or draw upon the same; provided, however, that such right to block, freeze or segregate any such deposits shall not apply to the Escrow Accounts or to any property or deposit of escrow monies being held on behalf of the obligors under Pledged Loans or on behalf of other third parties that are not Affiliates of the Borrowers, including any non-affiliate lenders with which any of the Borrowers has loan servicing arrangements.
Right to Freeze. The Administrative Agent and each of the Lenders shall also have the right, at their respective option, upon the occurrence and during the continuation of any Event of Default, to freeze, block or segregate any such deposits, balances and other sums of the Borrower so that the Borrower may not access, control or draw upon the same; provided, however, that such right to block, freeze or segregate any such deposits shall not apply to any property or deposit of escrow monies being held on behalf of the obligors under Pledged Loans or on behalf of other third parties that are not Affiliates of the Borrower.
Right to Freeze. The Agent and each of the Lenders shall also have the right, at its option, upon the occurrence of any event which would entitle the Agent and each of the Lenders to set off or debit as set forth in Section 10.2, to freeze, block or segregate any such deposits, balances and other sums so that the Borrower may not access, control or draw upon the same; provided, however, that such right to block, freeze or segregate any such deposits shall not apply to the Escrow Accounts or to other third-party custodial accounts maintained by the Borrower at the Agent or any Lender.
Right to Freeze. The Agent and each of the Lenders shall also have the right, at its option, upon the occurrence of any event which would entitle the Agent and each of the Lenders to set off or debit as set forth in Section 10.2, to freeze, block or segregate any such deposits, balances and other sums so that the Borrower may not access, control or draw upon the same.
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Right to Freeze. The Issuing Bank and the Agent shall also have the right, at their respective option, upon the occurrence of any event which would entitle the Issuing Bank or the Agent to set off or debit as set forth in Section 12.1, to freeze, block or segregate any such deposits, balances and other sums so that Account Party may not access, control or draw upon the same.
Right to Freeze. Agent shall also have the right, at its option, upon the occurrence and during the continuance of any event which would entitle Agent to set off or debit as set forth in Section 13.2, to freeze, block or segregate any such deposits, balances and other sums so that Borrower may not access, control or draw upon the same.
