Secured Party’s Setoff. Secured Party shall have the right, in addition to all other rights and remedies available to it, following an Event of Default, to set off against any Obligations due Secured Party, any debt owing to the Company by Secured Party.
Secured Party’s Setoff. Subject to the CGB Subordination Agreement, Secured Party shall have the right, in addition to all other rights and remedies available to it, following an Event of Default, to set off, without the need for notice or demand, against any Obligations (whether or not matured) due Secured Party, any debt owing to Debtor by Secured Party, including, without limitation, any funds in any checking or other account now or hereafter maintained by Debtor at Secured Party. Debtor hereby confirms Secured Party’s right to banker’s lien and setoff, and nothing in this Agreement or any of the Loan Documents (except the express provisions of the CGB Subordination Agreement) shall be deemed a waiver or prohibition of Secured Party’s right of banker’s lien and setoff.
Secured Party’s Setoff. Secured Party shall have the right, in addition to all other rights and remedies available to it, following an Event of Default, to set off, without the need for notice or demand, against any Obligations (whether or not matured) due Secured Party, any debt owing to Debtor by Secured Party, including, without limitation, any funds in any checking or other account now or hereafter maintained by Debtor at Secured Party. Debtor hereby confirms Secured Party’s right to banker’s lien and setoff, and nothing in this Agreement or any of the Loan Documents shall be deemed a waiver or prohibition of Secured Party’s right of banker’s lien and setoff.
