Set Off Right. Upon the occurrence of an Event of Default that has not been waived by Lender, Collateral Agent and 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 any Co-Borrower or any other assets of any Co-Borrower in Collateral Agent’s or Lender’s possession or control.
Appears in 2 contracts
Samples: Venture Loan and Security Agreement (Catasys, Inc.), Venture Loan and Security Agreement (Catasys, Inc.)
Set Off Right. Upon the occurrence of an Event of Default that has not been waived by LenderLenders, Collateral Agent and each 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 any Co-Borrower or any other assets of any Co-Borrower in Collateral Agent’s or such Lender’s possession or control.
Appears in 1 contract
Samples: Venture Loan and Security Agreement (Environmental Impact Acquisition Corp)
Set Off Right. Upon the occurrence of an Event of Default that which has not been waived by LenderLenders, Collateral Lenders or Agent and 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 any Co-Borrower or any other assets of any Co-Borrower in Collateral Lenders’ or Agent’s or Lender’s possession or control.
Appears in 1 contract
Samples: Venture Loan and Security Agreement (Sunesis Pharmaceuticals Inc)
Set Off Right. Upon the occurrence of an and so long as such Event of Default that has not been waived by LenderLender in writing, Collateral Agent and 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 any Co-Borrower or any other assets of any Co-Borrower in Collateral Agent’s or Lender’s possession or control.
Appears in 1 contract
Samples: Venture Loan and Security Agreement (Castle Creek Biosciences, Inc.)
