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. Upon Any time after the occurrence and during the continuance of any 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)
Set Off Right. Upon During the occurrence and during the continuance of any an Event of Default, Lender 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 Lender’s possession or controlBorrower.
Appears in 1 contract
Samples: Venture Loan and Security Agreement (Acusphere Inc)
Set Off Right. Upon During the occurrence and during the continuance of any 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 possession or controlBorrower.
Appears in 1 contract
Set Off Right. Upon the occurrence an Event of Default and during the continuance of any Event of Defaultthereof, 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 controlBorrower.
Appears in 1 contract
Samples: Equipment Loan and Security Agreement (Anadys Pharmaceuticals Inc)
Set Off Right. Upon Following the occurrence and during the continuance of any 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 Borrower 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)
Set Off Right. Upon the occurrence and during the continuance of any 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 possession or controlBorrower.
Appears in 1 contract
Set Off Right. Upon the occurrence and during the continuance of any 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 possession or control.
Appears in 1 contract
Samples: Venture Loan and Security Agreement (Infinity Pharmaceuticals, Inc.)
