Common use of Set-Off or Compensation Clause in Contracts

Set-Off or Compensation. In addition to, and not in limitation of, any rights granted now or after the date of this Agreement at law, upon the occurrence and during the continuance of an Event of Default, the Agent may at any time and from time to time, without notice to the Grantor (it being expressly waived by the Grantor), set off and compensate and apply any and all Securities Accounts, Futures Accounts, deposits, general or special, term or demand, provisional or final, matured or unmatured, and any other indebtedness at any time owing by any Secured Party and appropriate any other properties or assets at any time held by any Secured Party, to or for the credit of or the account of the Grantor, against and on account of the Obligations, even if any of them are contingent or unmatured.

Set-Off or Compensation. In addition to, to and not in limitation of, of any rights granted now or after the date of this Agreement at law, upon the occurrence and during the continuance of an Event of Default, each of Collateral Agent and the Agent other Secured Parties may at any time and from time to time, time without notice to the any Grantor (it being expressly waived by the each Grantor), set ) set-off and compensate and apply any and all Securities Accountssecurities accounts, Futures Accountsfutures accounts, deposits, general or special, term or demand, provisional or final, matured or unmatured, and any other indebtedness at any time owing by any such Secured Party and Party, or to appropriate any other properties or assets at any time held by any such Secured Party, to or for the credit of or the account of the any Grantor, against and on account of the Secured Obligations, even if any of them are contingent or unmatured.