Common use of Rights of Set-Off Clause in Contracts

Rights of Set-Off. Regardless of the adequacy of any collateral, during the continuance of any Event of Default under the Note or the other Loan Documents, Lender may at any time and without notice to Guarantors set-off and apply the whole or any portion or portions of any or all deposits (general or specific, time or demand, provisional or final, regardless of currency, maturity, or branch of Lender where the deposits are held) now or hereafter held by Lender against amounts payable under this Guaranty, whether or not any other person or persons could also withdraw money therefrom.

Rights of Set-Off. Regardless of the adequacy of any collateralcollateral (it being understood that as of the Closing Date, the Obligations are unsecured), during the continuance of any Event of Default under the Note or the other Loan Documents, Lender may at any time and without notice to Guarantors set-off and apply the whole or any portion or portions of any or all deposits (general or specific, time or demand, provisional or final, regardless of currency, maturity, or branch of Lender where the deposits are held) now or hereafter held by Lender against amounts payable under this Guaranty, whether or not any other person or persons could also withdraw money therefrom.

Rights of Set-Off. Regardless of the adequacy of any collateral, during the continuance of any Event of Default under the Note or the other Loan DocumentsDefault, Agent and each Lender may at any time and without notice to Guarantors set-off and apply the whole or any portion or portions of any or all deposits (general or specific, time or demand, provisional or final, regardless of currency, maturity, or branch of Agent or any Lender where the deposits are held) now or hereafter held by Agent or any Lender against amounts payable under this Guaranty, whether or not any other person Person or persons Persons could also withdraw money therefrom.