Common use of Security and Offset Clause in Contracts

Security and Offset. Each of Purchase and the Seller Parties grant to Escrow Agent and the Indemnified Parties a security interest in, lien upon and right of offset against Escrow Funds with respect to any compensation or reimbursement due any of them hereunder (including any claim for indemnification hereunder). If for any reason Escrow Funds are insufficient to cover such compensation and reimbursement, Purchaser and the Seller Parties shall promptly pay such amounts to Escrow Agent or any Indemnified Party upon receipt of an itemized invoice.

Security and Offset. Each of Purchase Purchaser, Seller and the Seller Parties Representatives hereby grant to Escrow Agent and the Indemnified Parties a security interest in, lien upon and right of offset against the Escrow Funds with respect to any compensation or reimbursement due any of them hereunder (including any claim for indemnification hereunder). If for any reason the Escrow Funds are insufficient to cover such compensation and reimbursement, Purchaser and the Seller Parties shall promptly pay such amounts to Escrow Agent or any Indemnified Party upon receipt of an itemized invoice.

Security and Offset. Each of Purchase Recipient, Depositor and the Seller Parties Representatives hereby grant to Escrow Agent and the Indemnified Parties a security interest in, lien upon and right of offset against the Escrow Funds with respect to any compensation or reimbursement due any of them hereunder (including any claim for indemnification hereunder). If for any reason the Escrow Funds are insufficient to cover such compensation and reimbursement, Purchaser Depositor and the Seller Parties Recipient shall promptly pay such amounts to Escrow Agent or any Indemnified Party upon receipt of an itemized invoice.

Security and Offset. Each of Purchase Seller, Purchaser and the Seller Parties Representatives hereby grant to Escrow Agent and the Indemnified Parties a security interest in, lien upon and right of offset against the Escrow Funds with respect to any compensation or reimbursement due any of them hereunder (including any claim for indemnification hereunder). If for any reason the Escrow Funds are insufficient to cover such compensation and reimbursement, Purchaser and the Seller Parties shall promptly pay such amounts to Escrow Agent or any Indemnified Party upon receipt of an itemized invoice.