Set Off Right. During the occurrence and continuance of an Event of Default arising out of Borrower’s failure to comply with Section 8.1, Agent or Lenders 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.
Appears in 2 contracts
Samples: Equipment Loan and Security Agreement (Renovis Inc), Equipment Loan and Security Agreement (Renovis Inc)
Set Off Right. During the occurrence and continuance of an Event of Default arising out of Borrower’s failure to comply with Section 8.1, Agent or Lenders 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.
Appears in 1 contract
Samples: Equipment Loan and Security Agreement (Renovis Inc)
Set Off Right. During the occurrence and continuance of an Event of Default arising out of Borrower’s 's failure to comply with Section 8.1, Agent or Lenders 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.
Appears in 1 contract
