Common use of Security Interests and Setoff Clause in Contracts

Security Interests and Setoff. The Guarantor agrees that in the event the Guarantor fails to pay its obligations hereunder when due and payable under this Guaranty, the Administrative Agent and the Lenders shall be entitled to (a) any and all remedies available to it under Requirements of Law including, without limitation, all rights of setoff and (b) the benefit of all Liens heretofore, now and at any time or times hereafter granted by such Guarantor to the Administrative Agent and the Lenders, if any, to secure such Guarantor’s obligations hereunder.

Security Interests and Setoff. The Guarantor agrees that in the event the Guarantor fails to pay its obligations hereunder when due and payable under this GuarantyGuarantee, the Administrative Agent and the Lenders shall be entitled to (a) any and all remedies available to it under Requirements of Law including, without limitation, all rights of setoff and (b) the benefit of all Liens heretofore, now and at any time or times hereafter granted by such the Guarantor or any Borrower to the Administrative Agent and the Lenders, if any, to secure such the Guarantor’s obligations hereunder.

Security Interests and Setoff. The Subject to the limitations set forth in Section 2, each Guarantor agrees that in the event the any Guarantor fails to pay its obligations hereunder when due and payable under this GuarantyGuarantee, the Administrative Agent and the Lenders shall be entitled to (a) any and all remedies available to it under Requirements of Law including, without limitation, all rights of setoff and (b) the benefit of all Liens heretofore, now and at any time or times hereafter granted by such Guarantor or any Borrower to the Administrative Agent and the Lenders, if any, to secure such Guarantor’s obligations hereunder.

Security Interests and Setoff. The Each Guarantor agrees that in the event the any Guarantor fails to pay its obligations hereunder when due and payable under this GuarantyGuarantee, the Administrative Agent and the Lenders shall be entitled to (a) any and all remedies available to it under Requirements of Law including, without limitation, all rights of setoff and (b) the benefit of all Liens heretofore, now and at any time or times hereafter granted by such Guarantor or any Borrower to the Administrative Agent and the Lenders, if any, to secure such Guarantor’s obligations hereunder.