Related Clauses

Right to Cancel
Right to Grieve
Right to Sell
Right to Opt Out
Right to Offset
Right to Reject
BUYER’S RIGHT TO CANCEL
No Right to Cancel
Right to Seek Assurance
Right to Refuse

Parent Clauses

Security Interest and Set Off
Payment of Obligations
Remedies
Power of Attorney
Other Matters
Swap Contracts
Compliance with Laws
CERTAIN NEGATIVE COVENANTS OF THE BORROWER
CERTAIN NEGATIVE COVENANTS OF THE BORROWER AND THE TRUST
Special Representations and Warranties Concerning Servicing Collateral

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.

Appears in 2 contracts

Samples: Loan Agreement (Unitil Corp), Term Loan Agreement (Westwood Group Inc)

Right to Freeze. The Lender shall also have the right, at its option, upon the occurrence of any event which would entitle the 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.

Appears in 1 contract

Samples: Term Loan Agreement (Sonesta International Hotels Corp)

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~~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.

Appears in 1 contract

Samples: Loan Agreement (Worksport LTD)

Common use of Right to Freeze Clause in Contracts