Common use of Set-Off or Compensation Clause in Contracts

Set-Off or Compensation. In addition to and not in limitation of any rights now or hereafter granted under Applicable Law, if repayment is accelerated pursuant to Section 11.2, the Lender may at any time and from time to time without notice to the Borrower or any other Person, any notice being expressly waived by the Borrower, set-off and compensate and apply any and all deposits, general or special, time or demand, provisional or final, matured or unmatured, and any other indebtedness at any time owing by the Lender, to or for the credit of or the account of the Borrower, against and on account of the Obligations notwithstanding that any of them are contingent or unmatured.

Appears in 7 contracts

Samples: Loan Agreement (Synergy CHC Corp.), Loan Agreement (Synergy CHC Corp.), Loan Agreement (Synergy CHC Corp.)

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Set-Off or Compensation. In addition to and not in limitation of any rights now or hereafter granted under Applicable Lawapplicable law, if repayment at any time after an Event of Default has occurred and is accelerated pursuant to Section 11.2continuing, the Lender may at any time and from time to time without notice to the Borrower or any other Person, any notice being expressly waived by the Borrower, set-off and compensate and apply any and all deposits, general or special, time or demand, provisional or final, matured or unmatured, and any other indebtedness at any time owing by the Lender, Lender to or for the credit of or the account of the Borrower, against and on account of the Obligations hereunder notwithstanding that any of them are contingent or unmatured.

Appears in 2 contracts

Samples: Loan Agreement (E Loan Inc), Credit Agreement (E Loan Inc)

Set-Off or Compensation. In addition to and not in limitation of any rights now or hereafter granted under Applicable Law, if repayment is accelerated pursuant to Section 11.2, the Lender may at any time and from time to time without notice to the Borrower or any other Loan Party or any other Person, any notice being expressly waived by the BorrowerBorrower or any Loan Party, set-off and compensate and apply any and all deposits, general or special, time or demand, provisional or final, matured or unmatured, and any other indebtedness at any time owing by the Lender, to or for the credit of or the account of the Borrower, against and on account of the Obligations notwithstanding that any of them are contingent or unmatured.

Appears in 2 contracts

Samples: Loan Agreement (Synergy CHC Corp.), Loan Agreement (Synergy CHC Corp.)

Set-Off or Compensation. In addition to and not in limitation of any rights now or hereafter granted under Applicable Lawapplicable law, if repayment is accelerated pursuant to Section 11.212.02, the Lender Lenders, or any of them, may at any time and from time to time without notice to the Borrower or any other Person, any notice being expressly waived by the Borrower, set-off and compensate and apply any and all deposits, general or special, time or demand, provisional or final, matured or unmatured, and any other indebtedness at any time owing by the LenderLenders, or any of them, to or for the credit of or the account of the Borrower, against and on account of the Obligations notwithstanding that any of them are contingent or unmatured.

Appears in 2 contracts

Samples: Assignment and Assumption (Nordion Inc.), Credit Agreement (Sierra Wireless France SAS)

Set-Off or Compensation. In addition to and not in limitation of any rights now or hereafter granted under Applicable Lawapplicable law, if repayment is accelerated pursuant to Section 11.211.01, the Lender Lenders, or any of them, may at any time and from time to time without notice to the Borrower or any other Person, any notice being expressly waived by the Borrower, set-off and compensate and apply any and all deposits, general or special, time or demand, provisional or final, matured or unmatured, and any other indebtedness at any time owing by the LenderLenders, or any of them, to or for the credit of or the account of the Borrower, against and on account of the Obligations notwithstanding that any of them are contingent or unmatured.

Appears in 1 contract

Samples: Credit Agreement (Sierra Wireless Inc)

Set-Off or Compensation. In addition to and not in limitation of any rights now or hereafter granted under Applicable Lawapplicable law, if repayment is accelerated pursuant to Section 11.29.2, the Lender may at any time and from time to time without notice to the Borrower or any other Person, any notice being expressly waived by the Borrower, set-set off and compensate and apply any and all deposits, general or special, time or demand, provisional or final, matured or unmatured, and any other indebtedness at any time owing by the Lender, Lender to or for the credit of or the account of the Borrower, against and on account of the Obligations hereunder notwithstanding that any of them are contingent or unmatured.

Appears in 1 contract

Samples: Credit Agreement (Americredit Corp)

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Set-Off or Compensation. In addition to and not in limitation of any rights now or hereafter granted under Applicable Law, if repayment is accelerated pursuant to Section 11.211.1(r), the Lender may at any time and from time to time without notice to the Borrower or any other Person, any notice being expressly waived by the Borrower, set-off and compensate and apply any and all deposits, general or special, time or demand, provisional or final, matured or unmatured, and any other indebtedness at any time owing by the Lender, to or for the credit of or the account of the Borrower, against and on account of the Obligations notwithstanding that any of them are contingent or unmatured.

Appears in 1 contract

Samples: Loan Agreement (Ember Therapeutics, Inc. - Ny)

Set-Off or Compensation. In addition to and not in limitation of any rights now or hereafter granted under Applicable Law, if repayment is accelerated pursuant to Section 11.2, the Lender may at any time and from time to time without notice to the Borrower Obligors or any other Person, any notice being expressly waived by the BorrowerObligors, set-off and compensate and apply any and all deposits, general or special, time or demand, provisional or final, matured or unmatured, and any other indebtedness at any time owing by the Lender, to or for the credit of or the account of the Borrower, against and on account of the Obligations notwithstanding that any of them are contingent or unmatured.

Appears in 1 contract

Samples: Loan Agreement

Set-Off or Compensation. In addition to and not in limitation of any rights now or hereafter granted under Applicable Lawapplicable law, if repayment is accelerated pursuant to Section 11.213.2, the Lender may at any time and from time to time without notice to the Borrower or any other Personperson, any notice being expressly waived by the Borrower, set-off and compensate and apply any and all deposits, general or special, time or demand, provisional or final, matured or unmatured, and any other indebtedness at any time owing by the Lender, Lender to or for the credit of or the account of the Borrower, against and on account of the Obligations notwithstanding that any of them are contingent or unmatured.

Appears in 1 contract

Samples: Credit Agreement (Jpe Inc)

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