Security; Setoff. The Guarantor grants to each of the Agent and the ---------------- Banks, as security for the full and punctual payment and performance of all of the Guarantor's obligations hereunder, a continuing lien on and security interest in all securities or other property belonging to the Guarantor now or hereafter held by the Agent or such Bank and in all deposits (general or special, time or demand, provisional or final) and other sums credited by or due from the Agent or such Bank to the Guarantor or subject to withdrawal by the Guarantor. Regardless of the adequacy of any collateral security or other means of obtaining payment of any of the Obligations, each of the Agent and the Banks is hereby authorized at any time and from time to time, without notice to the Guarantor (any such notice being expressly waived by the Guarantor) and to the fullest extent permitted by law, to set off and apply such deposits and other sums against the obligations of the Guarantor under this Guaranty, whether or not the Agent or such Bank shall have made any demand under this Guaranty and although such obligations may be contingent or unmatured.
Appears in 5 contracts
Samples: Guaranty (National Restaurant Enterprises Holdings Inc), Guaranty (National Restaurant Enterprises Holdings Inc), Guaranty (National Restaurant Enterprises Holdings Inc)
Security; Setoff. The Guarantor grants to each of the Agent and the ---------------- Banks, as security for the full and punctual payment and performance of all of the Guarantor's obligations hereunder, a continuing lien on and security interest in all securities or other property belonging to the Guarantor now or hereafter held by the Agent or such Bank and in all deposits (general or special, time or demand, provisional or final) and other sums credited by or due from the Agent or such Bank to the Guarantor or subject to withdrawal by the Guarantor. Regardless of the adequacy of any collateral security or other means of obtaining payment of any of the Obligations, each of the Agent and the Banks is hereby authorized at any time and from time to time, without notice to the Guarantor (any such notice being expressly waived by the Guarantor) and to the fullest extent permitted by law, to set off and apply such deposits and other sums against the obligations of the Guarantor under this Guaranty, whether or not the Agent or such Bank shall have made any demand under this Guaranty and although such obligations may be contingent or unmatured.
Appears in 3 contracts
Samples: Revolving Credit and Term Loan Agreement (Genrad Inc), Guaranty (CMG Information Services Inc), Guaranty (Hadco Acquisition Corp Ii)
Security; Setoff. The Each Guarantor grants to each of the Agent and the ---------------- BanksLenders, as security for the full and punctual payment and performance of all of the such Guarantor's ’s obligations hereunder, a continuing lien on and security interest in all securities or other property belonging to the such Guarantor now or hereafter held by the Agent or such Bank Lender and in all deposits (general or special, time or demand, provisional or final) and other sums credited by or due from the Agent or such Bank Lender to the such Guarantor or subject to withdrawal by the such Guarantor. Regardless of the adequacy of any collateral security or other means of obtaining payment of any of the Obligations, each of the Agent and the Banks Lenders is hereby authorized at any time and from time to time, without notice to the any Guarantor (any such notice being expressly waived by the each Guarantor) and to the fullest extent permitted by law, to set off and apply such deposits and other sums against the obligations of the any Guarantor under this Guaranty, whether or not the Agent or such Bank Lender shall have made any demand under this Guaranty and although such obligations may be contingent or unmatured.
Appears in 2 contracts
Samples: Revolving Credit Agreement (SeaCube Container Leasing Ltd.), Guaranty (Seacastle Inc.)
Security; Setoff. The Guarantor grants Guarantors grant to each of the Agent and the ---------------- Banks, as security for the full and punctual payment and performance of all of the Guarantor's Guarantors' obligations hereunder, a continuing lien on and security interest in all securities or other property belonging to the Guarantor Guarantors now or 63 - 5 - hereafter held by the Agent or such Bank and in all deposits (general or special, time or demand, provisional or final) and other sums credited by or due from the Agent or such Bank to the Guarantor Guarantors or subject to withdrawal by the GuarantorGuarantors. Regardless of the adequacy of any collateral security or other means of obtaining payment of any of the Obligations, each of the Agent and the Banks is hereby authorized at any time and from time to time, without notice to the Guarantor Guarantors (any such notice being expressly waived by the GuarantorGuarantors) and to the fullest extent permitted by law, to set off and apply such deposits and other sums against the obligations of the Guarantor Guarantors under this Guaranty, whether or not the Agent or such Bank shall have made any demand under this Guaranty and although such obligations may be contingent or unmatured.
Appears in 1 contract
Samples: Revolving Credit Agreement (Decisionone Holdings Corp)
Security; Setoff. The Guarantor grants to each of the Agent and the ---------------- BanksLenders, as security for the full and punctual payment and performance of all of the Guarantor's obligations hereunder, a continuing lien on and security interest in all securities or other property belonging to the Guarantor now or hereafter held by the Agent or such Bank Agent, on behalf of the Lenders, and in all deposits (general or special, time or demand, provisional or final) and other sums credited by or due from the Agent or such Bank Lenders to the Guarantor or subject to withdrawal by the Guarantor. Regardless of the adequacy of any collateral security or other means of obtaining payment of any of the Obligations, each the Agent, on behalf of the Agent and the Banks Lenders, is hereby authorized at any time and from time to time, without notice to the Guarantor (any such notice being expressly waived by the Guarantor) and to the fullest extent permitted by law, to set off and apply such deposits and other sums against the obligations of the Guarantor under this Guaranty, whether or not the Agent or such Bank Lenders shall have made any demand under this Guaranty and although such obligations may be contingent or unmaturedGuaranty.
Appears in 1 contract
Samples: Guaranty (Global Technovations Inc)
Security; Setoff. The Each Guarantor grants to each of the Agent Secured Party and the ---------------- Bankseach Investor, as security for the full and punctual payment and performance of all of the such Guarantor's ’s obligations hereunder, a continuing lien on and security interest in all securities or other property belonging to the such Guarantor now or hereafter held by the Agent Secured Party or such Bank Investor and in all deposits (general or special, time or demand, provisional or final) and other sums credited by or due from the Agent Secured Party or such Bank Investor to the such Guarantor or subject to withdrawal by the such Guarantor. Regardless of the adequacy of any collateral security or other means of obtaining payment of any of the Obligations, the Secured Party and each of the Agent and the Banks Investor is hereby authorized at any time and from time to time, without notice to the any Guarantor (any such notice being expressly waived by the each Guarantor) and to the fullest extent permitted by law, to set off and apply such deposits and other sums against the obligations of the each Guarantor under this Guaranty, whether or not the Agent Secured Party or such Bank Investor, as the case may be, shall have made any demand under this Guaranty and although such obligations may be contingent or unmatured.
Appears in 1 contract
Security; Setoff. The Guarantor grants to each of the Agent and the ---------------- Banks, as security for the full and punctual payment and performance of all of the Guarantor's obligations hereunder, a continuing lien on and security interest in all securities or other property belonging to the Guarantor now or hereafter held by the Agent or such Bank and in all deposits (general or special, time or demand, provisional or final) and other sums credited by or due from the Agent or such Bank to the Guarantor or subject to withdrawal by the Guarantor. Regardless of the adequacy of any collateral security or other means of obtaining payment of any of the Obligations, each of the Agent and the Banks is hereby authorized at any time and from time to time, without notice to the Guarantor (any such notice being expressly waived by the Guarantor) and to the fullest extent permitted by law, to set off and apply such deposits and other sums against the obligations of the Guarantor under this Guaranty, whether or not the Agent or such Bank shall have made any demand under this Guaranty and although such obligations may be contingent or unmaturedGuaranty.
Appears in 1 contract
Security; Setoff. The Guarantor Each of the Guarantors grants to each of the Agent and the ---------------- Banks, as security for the full and punctual payment and performance of all of the such Guarantor's obligations hereunder, a continuing lien on and security interest in all securities or other property belonging to the such Guarantor now or hereafter held by the Agent or such Bank and in all deposits (general or special, time or demand, provisional or final) and other sums credited by or due from the Agent or such Bank to the such Guarantor or subject to withdrawal by the such Guarantor. Regardless of the adequacy of any collateral security or other means of obtaining payment of any of the Obligations, each of the Agent and the Banks is hereby authorized at any time and from time to time, without notice to the such Guarantor (any such notice being expressly waived by the such Guarantor) and to the fullest extent permitted by law, to set off and apply such deposits and other sums against the obligations of the Guarantor Guarantors under this Guaranty, whether or not the Agent or such Bank shall have made any demand under this Guaranty and although such obligations may be contingent or unmatured.
Appears in 1 contract
Samples: Guaranty (Morgan Group Inc)
Security; Setoff. The Guarantor grants to each the Agent for the benefit of the Agent and the ---------------- Banks, as security for the full and punctual payment and performance of all of the Guarantor's obligations hereunder, a continuing lien on and security interest in all securities or other property belonging to the Guarantor now or hereafter held by the Agent or such any Bank and in all deposits (general or special, time or demand, provisional or final) and other sums credited by or due from the Agent or such any Bank to the Guarantor or subject to withdrawal by the Guarantor. Regardless of the adequacy of any collateral security or other means of obtaining payment of any of the Obligations, each of the Agent and the Banks any Bank is hereby authorized at any time and from time to time, without notice to the Guarantor (any such notice being expressly waived by the Guarantor) and to the fullest extent permitted by law, to set off and apply such deposits and other sums against the obligations of the Guarantor under this Guaranty, whether or not the Agent or such Bank shall have made any demand under this Guaranty and although such obligations may be contingent or unmatured.
Appears in 1 contract