Set Off Right. 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 or any other assets of Borrower in Lenders’ possession or control.
Appears in 8 contracts
Samples: Venture Loan and Security Agreement, Venture Loan and Security Agreement (Ambit Biosciences Corp), Venture Loan and Security Agreement (Ambit Biosciences Corp)
Set Off Right. Lenders may set off and apply to the Obligations then due 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 Lenders’ Collateral Agent or a Lender’s possession or control.
Appears in 2 contracts
Samples: Venture Loan and Security Agreement (Inotek Pharmaceuticals Corp), Venture Loan and Security Agreement (Inotek Pharmaceuticals Corp)
Set Off Right. 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 or any other assets of Borrower in Lenders’ Collateral Agent’s or a Lender’s possession or control.
Appears in 2 contracts
Samples: Venture Loan and Security Agreement (eASIC Corp), Venture Loan and Security Agreement (eASIC Corp)
Set Off Right. 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 Co-Borrowers or any other assets of Borrower Co-Borrowers in Lenders’ possession or control.
Appears in 1 contract
Samples: Venture Loan and Security Agreement (Satcon Technology Corp)
Set Off Right. During the occurrence and continuance of an Event of Default, 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 or any other assets of Borrower in Lenders’ possession or controlBorrower.
Appears in 1 contract
Samples: Venture Loan and Security Agreement (Acusphere Inc)
Set Off Right. Upon the occurrence and during the continuance of an Event of Default, 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 or any other assets of Borrower in Lenders’ possession or controlBorrower.
Appears in 1 contract
