Common use of Set-Off, etc Clause in Contracts

Set-Off, etc. No Collateral Loan has been compromised, adjusted, extended, satisfied, subordinated, rescinded, set-off or modified by the Borrower, the Equityholder or the Obligor thereof (except, with respect to the Obligor only, if such action has occurred to a Collateral Loan without the consent of the Borrower or the Equityholder), and no Collateral Loan is subject to compromise, adjustment, extension, satisfaction, subordination, rescission, set–off, counterclaim, defense, abatement, suspension, deferment, deduction, reduction, termination or modification, whether arising out of transactions concerning such Collateral Loan or otherwise, by the Borrower, the Equityholder or the Obligor with respect thereto (except, with respect to the Obligor only, if such action has occurred to a Collateral Loan without the consent of the Borrower or the Equityholder), except for any Material Modification or amendments, extensions or modifications to such Collateral Loan otherwise permitted under Section 11.04(b) and in accordance with the Servicing Standard.

Set-Off, etc. No Loan Asset in the Collateral Loan Portfolio has been compromised, adjusted, extended, satisfied, subordinated, rescinded, set-off or modified by the Borrower, the Equityholder Transferor or the Obligor thereof (except, with respect to unless the Obligor only, if thereof effected such action has occurred to a Collateral Loan change without the consent or agreement of the Borrower or in accordance with the EquityholderLoan Agreements), and no Loan Asset in the Collateral Loan Portfolio is subject to compromise, adjustment, extension, satisfaction, subordination, rescission, set–-off, counterclaim, defense, abatement, suspension, deferment, deduction, reduction, termination or modification, whether arising out of transactions concerning such the Collateral Loan Portfolio or otherwise, by the Borrower, the Equityholder Transferor or the Obligor with respect thereto (except, with respect to unless the Obligor only, if thereof effected such action has occurred to a Collateral Loan change without the consent or agreement of the Borrower or in accordance with the Equityholder)Loan Agreements) with respect thereto, except except, in each case, for any Material Modification or amendments, extensions or modifications and modifications, if any, to such Collateral Loan Portfolio otherwise permitted under pursuant to Section 11.04(b6.04(a) of this Agreement and in accordance with the Servicing StandardStandard or which are contained in the Loan Asset File.