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, 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. When applying a deposit or other amount owing to the Lender in a currency that is different than the currency of the Obligations, the Lender will convert the deposit or other amount using the Exchange Rate in effect at the time of such conversion.

Set-Off or Compensation. In addition to and not in limitation of any rights now or hereafter granted under applicable lawby Law, the Lender Lenders, or any of them, may at any time and from time to time after the occurrence of an Event of Default which is continuing without upon notice to the Loan Parties or any other Person, any notice being expressly waived by the Loan Parties, set Borrower 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 Lenders or any of them, to or for the credit of or the account of the Loan PartiesBorrower, against and on account of the Obligations Loan Indebtedness notwithstanding that any of them are contingent or unmatured. When applying a deposit or other amount owing to the a Lender in a currency that is different than the currency of the ObligationsLoan Indebtedness, the such Lender will convert the deposit or other amount using the Exchange Rate in effect at the time of such conversion.

Set-Off or Compensation. In addition to and not in limitation of any rights now or hereafter granted under applicable lawApplicable Laws, 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 either Borrower or any other Person, any notice being expressly waived by the Loan Partieseach Borrower, set 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 Partiesa Borrower, against and on account of the Obligations notwithstanding that any of them are contingent or unmatured. When applying a deposit or other amount owing to the Lender in a currency that is different than the currency of the Obligations, the Lender will convert the deposit or other amount using the Exchange Rate in effect at the time of such conversion.