Common use of Set Off Right Clause in Contracts

Set Off Right. Lender may set off and apply to the Obligations any and all indebtedness at any time owing to or for the credit or the account of Borrower or any other assets of Borrower in Lender’s possession or control.

Appears in 17 contracts

Samples: Security Agreement, Venture Loan and Security Agreement (Xtera Communications, Inc.), Security Agreement (Ambit Biosciences Corp)

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Set Off Right. Lender may set off and apply to the Obligations obligations hereunder any and all indebtedness at any time owing to or for the credit or the account of Borrower or any other assets of Borrower in Lender’s possession or control.

Appears in 5 contracts

Samples: Subordinated Note and Security Agreement (Opko Health, Inc.), Note and Security Agreement (Non Invasive Monitoring Systems Inc /Fl/), Note and Security Agreement (Cellular Technical Services Co Inc)

Set Off Right. Upon the occurrence and during the continuance of any Event of Default, Lender may set off and apply to the Obligations any and all indebtedness at any time owing to or for the credit or the account of Borrower or any other assets of Borrower in Lender’s possession or control.

Appears in 5 contracts

Samples: Venture Loan and Security Agreement, Venture Loan and Security Agreement (Tengion Inc), Venture Loan and Security Agreement (Tengion Inc)

Set Off Right. Lender may set off and apply to the Obligations any and all indebtedness at any time owing to or for the credit or the account of Borrower or any other assets of Borrower in Lender’s 's possession or control.

Appears in 2 contracts

Samples: Venture Loan and Security Agreement (Convio, Inc.), Venture Loan and Security Agreement (Isilon Systems, Inc.)

Set Off Right. Any time after the occurrence of an Event of Default, Lender may set off and apply to the Obligations any and all indebtedness at any time owing to or for the credit or the account of Borrower or any other assets of Borrower in Lender’s 's possession or control, whether or not the Obligations have matured and whether or not the Lender is otherwise fully secured.

Appears in 2 contracts

Samples: Venture Loan and Security Agreement (Activbiotics Inc), Venture Loan and Security Agreement (Activbiotics Inc)

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Set Off Right. Lender may set off and apply to the Obligations any and all indebtedness Indebtedness at any time owing to or for the credit or the account of Borrower or any other assets of Borrower in Lender’s its possession or control.

Appears in 1 contract

Samples: Unsecured Convertible Loan Agreement (Titan Pharmaceuticals Inc)

Set Off Right. Lender may set off and apply to the Obligations any and all indebtedness at any time owing to or for the credit or the account of Borrower any of the Borrowers or any other assets of Borrower Borrowers in Lender’s possession or control.

Appears in 1 contract

Samples: Venture Loan and Security Agreement (Everyday Health, Inc.)

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