Common use of Rights of Set-Off Clause in Contracts

Rights of Set-Off. (a) In addition to the Lender's Liens, Borrower and each Guarantor hereby expressly grant to Lenders the right of setoff against all deposits and other sums at any time held or credited by or due from any Lender to Borrower or any Guarantor, in accordance with the provisions of this Section 9.3. The rights of each Lender under this Section 9.3 are in addition to other rights and remedies (including, without limitation, other rights of setoff under law or equity) which such Lender may have under law or by agreement.

Appears in 3 contracts

Samples: Credit Agreement (Amresco Inc), Credit Agreement (Amresco Inc), Loan Agreement (Amresco Inc)

AutoNDA by SimpleDocs

Rights of Set-Off. (a) In addition to the Lender's Liens, each Borrower and each Guarantor hereby expressly grant grants to Lenders the right of setoff against all deposits and other sums at any time held or credited by or due from any Lender to Borrower or any Guarantoreach Borrower, in accordance with the provisions of this Section 9.3. The rights of each Lender under this Section 9.3 are in addition to other rights and remedies (including, without limitation, other rights of setoff under law or equity) which such Lender may have under law or by agreement.

Appears in 2 contracts

Samples: Loan Agreement (Amresco Inc), Revolving Loan Agreement (Amresco Inc)

Rights of Set-Off. (a) In addition to the Lender's Liens, Borrower and each Guarantor hereby expressly grant grants to Lenders the right of setoff against all deposits and other sums at any time held or credited by or due from any Lender to Borrower or any GuarantorBorrower, in accordance with the provisions of this Section 9.3SECTION 8.3. The rights of each Lender under this Section 9.3 SECTION 8.3 are in addition to other rights and remedies (including, without limitation, other rights of setoff under law or equitysetoff) which such Lender may have under law at law, in equity, or by agreement.

Appears in 1 contract

Samples: Security Agreement (American Residential Services Inc)

Rights of Set-Off. (a) In addition to the Lender's Lenders' Liens, each Borrower and each Guarantor hereby expressly grant to the Lenders the right of setoff against all deposits and other sums at any time held or credited by or due from any Lender to any Borrower or any Guarantor, in accordance with the provisions of this Section 9.38.3. The rights of each Lender under this Section 9.3 8.3 are in addition to other rights and remedies (including, without limitation, other rights of setoff under law or equity) which such Lender may have under law or by agreement.

Appears in 1 contract

Samples: Credit Agreement (Amresco Inc)

Rights of Set-Off. (a) In addition Borrower hereby expressly grants to the Lender's Liens, Borrower Agent and each Guarantor hereby expressly grant to Lenders Lender the right of setoff against all deposits and other sums at any time held or credited by or due from the Agent or any Lender to Borrower or any GuarantorBorrower, in accordance with the provisions of this Section 9.39.4. The rights of each Lender under this Section 9.3 9.4 are in addition to other rights and remedies (including, without limitation, other rights of setoff under law or equitysetoff) which the Agent or such Lender may have under law at law, in equity, or by agreement.

Appears in 1 contract

Samples: Secured Revolving and Term Loan Agreement (American Residential Services Inc)

AutoNDA by SimpleDocs

Rights of Set-Off. (a) In addition to the Lender's Liens, Borrower and each Guarantor Borrowers hereby expressly grant to Lenders the right of setoff against all deposits and other sums at any time held or credited by or due from any Lender to Borrower or any GuarantorBorrower, in accordance with the provisions of this Section 9.38.3. The rights of each Lender under this Section 9.3 8.3 are in ----------- ----------- addition to other rights and remedies (including, without limitation, other rights of setoff under law or equity) which such Lender may have under law or by agreement.

Appears in 1 contract

Samples: Revolving Credit Agreement (Travis Boats & Motors Inc)

Rights of Set-Off. (a) In addition to the Lender's Liens, Borrower and each Guarantor hereby expressly grant grants to Lenders the right of setoff against all deposits and other sums at any time held or credited by or due from any Lender to Borrower or any GuarantorBorrower, in accordance with the provisions of this Section 9.38.3. The rights of each Lender under this Section 9.3 8.3 are in addition to other rights and remedies (including, without limitation, other rights of setoff under law or equity) which such Lender may have under law or by agreement.

Appears in 1 contract

Samples: Loan Agreement (Monarch Dental Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!