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 Laws, each of the Lender may at any time and from time to time after the occurrence of an Event of Default which is continuing without notice to the Loan Parties or any other Person, any notice being expressly waived by the Loan Parties, set off, combine accounts and compensate and apply any and all deposits, general or special, time or demand, provisional or final, matured or unmatured, in any currency, and any other indebtedness at any time owing by the Lender to or for the credit of or the account of the Loan Parties, against and on account of the Obligations notwithstanding that any of them are contingent or unmatured.

Set-Off or Compensation. In addition to and not in limitation of any rights now or hereafter granted under Applicable Lawsapplicable law, each if the Obligations become due and payable pursuant to Section 11.2, the Lenders, or any of the Lender them, may at any time and from time to time after the occurrence of an Event of Default which is continuing without notice to the Loan Restricted Parties or any other Personperson, any notice being expressly waived by the Loan Restricted Parties, set off, combine accounts set-off and compensate and apply any and all deposits, general or special, time or demand, provisional or final, matured or unmatured, in any currency, and any other indebtedness at any time owing by the Lender Lenders, or any of them, to or for the credit of or the account of the Loan Parties, any Restricted Party against and on account of the Obligations notwithstanding that any of them are contingent or unmatured.