Common use of Set Off Right Clause in Contracts

Set Off Right. Upon 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.

Appears in 1 contract

Samples: Equipment Loan and Security Agreement (Nuvasive Inc)

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Set Off Right. Upon an Event of DefaultDefault and during the continuance thereof, 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 (Anadys Pharmaceuticals Inc)

Set Off Right. Upon the occurrence and during the continuance 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 BorrowerBorrower or any other assets of Borrower in Lender’s possession or control.

Appears in 1 contract

Samples: Venture Loan and Security Agreement (Infinity Pharmaceuticals, Inc.)

Set Off Right. Upon During the occurrence and continuance 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.

Appears in 1 contract

Samples: Loan and Security Agreement (Depomed Inc)

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Set Off Right. Upon Following the occurrence of an Event of DefaultDefault that remains continuing, 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 BorrowerBorrower or any other assets of Borrower in Lender’s possession or control.

Appears in 1 contract

Samples: Venture Loan and Security Agreement (Interleukin Genetics Inc)

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