Set-Off. Each Guarantor hereby irrevocably authorizes the Purchasers at any time and from time to time while an Event of Default under any of the Transaction Documents shall have occurred and be continuing, without notice to such Guarantor or any other Guarantor, any such notice being expressly waived by each Guarantor, to set-off and appropriate and apply any and all deposits, credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by the Purchasers to or for the credit or the account of such Guarantor, or any part thereof in such amounts as the Purchasers may elect, against and on account of the obligations and liabilities of such Guarantor to the Purchasers hereunder and claims of every nature and description of the Purchasers against such Guarantor, in any currency, whether arising hereunder, under the Purchase Agreement, any other Transaction Document or otherwise, as the Purchasers may elect, whether or not the Purchasers have made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. The Purchasers shall notify such Guarantor promptly of any such set-off and the application made by the Purchasers of the proceeds thereof, provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Purchasers under this Section are in addition to other rights and remedies (including, without limitation, other rights of set-off) which the Purchasers may have.
Appears in 143 contracts
Samples: Securities Purchase Agreement (Inpixon), Subsidiary Guarantee (Dih Holding Us, Inc.), Subsidiary Guarantee (Bionano Genomics, Inc.)
Set-Off. Each Guarantor hereby irrevocably authorizes the Purchasers at any time and from time to time while an Event of Default under any of the Transaction Documents shall have occurred and be continuing, without notice to such Guarantor or any other Guarantor, any such notice being expressly waived by each Guarantor, to set-off and appropriate and apply any and all deposits, credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by the Purchasers to or for the credit or the account of such Guarantor, or any part thereof in such amounts as the Purchasers may elect, against and on account of the obligations and liabilities of such Guarantor to the Purchasers hereunder and claims of every nature and description of the Purchasers against such Guarantor, in any currency, whether arising hereunder, under the Purchase Agreement, any other Transaction Document or otherwise, as the Purchasers may elect, whether or not the Purchasers have made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. The Purchasers shall notify such Guarantor promptly of any such set-off and the application made by the Purchasers of the proceeds thereof, provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Purchasers under this Section are in addition to other rights and remedies (includingremedies(including, without limitation, other rights of set-off) which the Purchasers may have.
Appears in 50 contracts
Samples: Securities Purchase Agreement (Center for Wound Healing, Inc.), Subsidiary Guarantee (Gigabeam Corp), Securities Purchase Agreement (CenterStaging Corp.)
Set-Off. Each Guarantor hereby irrevocably authorizes the Purchasers Secured Parties at any time and from time to time while an Event of Default under any of the Transaction Documents shall have occurred and be continuing, without notice to such Guarantor or any other Guarantor, any such notice being expressly waived by each Guarantor, to set-off and appropriate and apply any and all deposits, credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by the Purchasers Secured Parties to or for the credit or the account of such Guarantor, or any part thereof in such amounts as the Purchasers Secured Parties may elect, against and on account of the obligations and liabilities of such Guarantor to the Purchasers Secured Parties hereunder and claims of every nature and description of the Purchasers Secured Parties against such Guarantor, in any currency, whether arising hereunder, under the Purchase Agreement, any other Transaction Document or otherwise, as the Purchasers Secured Parties may elect, whether or not the Purchasers Secured Parties have made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. The Purchasers Secured Parties shall notify such Guarantor promptly of any such set-off and the application made by the Purchasers Secured Parties of the proceeds thereof, provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Purchasers Secured Parties under this Section are in addition to other rights and remedies (including, without limitation, other rights of set-off) which the Purchasers Secured Parties may have.
Appears in 8 contracts
Samples: Subsidiary Guarantee (Dthera Sciences), Subsidiary Guarantee (Biotech Products Services & Research, Inc.), Subsidiary Guarantee (DSG Global Inc.)
Set-Off. Each Guarantor hereby irrevocably authorizes the Purchasers at any time and from time to time while an Event of Default (as defined in the Notes) under the Notes or a default under any of the Transaction Documents shall have occurred and be continuing, without notice to such Guarantor or any other Guarantor, any such notice being expressly waived by each Guarantor, to set-off and appropriate and apply any and all deposits, credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by the Purchasers to or for the credit or the account of such Guarantor, or any part thereof in such amounts as the Purchasers may elect, against and on account of the obligations and liabilities of such Guarantor to the Purchasers hereunder and claims of every nature and description of the Purchasers against such Guarantor, in any currency, whether arising hereunder, under the Purchase Agreement, any other Transaction Document or otherwise, as the Purchasers may elect, whether or not the Purchasers have made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. The Purchasers shall notify such Guarantor promptly of any such set-off and the application made by the Purchasers of the proceeds thereof, provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Purchasers under this Section are in addition to other rights and remedies (including, without limitation, other rights of set-off) which the Purchasers may have.
Appears in 6 contracts
Samples: Subsidiary Guarantee (Digital Ally, Inc.), Subsidiary Guarantee (Isun, Inc.), Subsidiary Guarantee (CENNTRO ELECTRIC GROUP LTD)
Set-Off. Each Guarantor hereby irrevocably authorizes the Purchasers Purchaser at any time and from time to time while an Event of Default under any of the Transaction Documents shall have occurred and be continuing, without notice to such Guarantor or any other Guarantor, any such notice being expressly waived by each Guarantor, to set-off and appropriate and apply any and all deposits, credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by the Purchasers Purchaser to or for the credit or the account of such Guarantor, or any part thereof in such amounts as the Purchasers Purchaser may elect, against and on account of the obligations and liabilities of such Guarantor to the Purchasers Purchaser hereunder and claims of every nature and description of the Purchasers Purchaser against such Guarantor, in any currency, whether arising hereunder, under the Purchase Agreement, any other Transaction Document or otherwise, as the Purchasers Purchaser may elect, whether or not the Purchasers Purchaser have made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. The Purchasers Purchaser shall notify such Guarantor promptly of any such set-off and the application made by the Purchasers Purchaser of the proceeds thereof, provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Purchasers Purchaser under this Section are in addition to other rights and remedies (including, without limitation, other rights of set-off) which the Purchasers Purchaser may have.
Appears in 6 contracts
Samples: Subsidiary Guarantee (Directview Holdings Inc), Subsidiary Guarantee (NXT Nutritionals Holdings, Inc.), Subsidiary and Affiliate Guarantee (Inform Worldwide Holdings Inc)
Set-Off. Each Guarantor hereby irrevocably authorizes the Purchasers Lender at any time and from time to time while an Event of Default under any of the Transaction Documents shall have occurred and be continuing, without notice to such Guarantor or any other Guarantor, any such notice being expressly waived by each Guarantor, to set-off and appropriate and apply any and all deposits, credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by the Purchasers Lender to or for the credit or the account of such Guarantor, or any part thereof in such amounts as the Purchasers Lender may elect, against and on account of the obligations and liabilities of such Guarantor to the Purchasers Lender hereunder and claims of every nature and description of the Purchasers Lender against such Guarantor, in any currency, whether arising hereunder, under the Purchase Loan Agreement, any other Transaction Document or otherwise, as the Purchasers Lender may elect, whether or not the Purchasers have Lender has made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. The Purchasers Lender shall notify such Guarantor promptly of any such set-off and the application made by the Purchasers Lender of the proceeds thereof, provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Purchasers Lender under this Section are in addition to other rights and remedies (including, without limitation, other rights of set-off) which the Purchasers Lender may have.
Appears in 5 contracts
Samples: Guaranty Agreement (Universal Property Development & Acquisition Corp), Guaranty Agreement (Universal Property Development & Acquisition Corp), Guaranty Agreement (Universal Property Development & Acquisition Corp)
Set-Off. Each Guarantor hereby irrevocably authorizes the Purchasers at any time and from time to time while an Event of Default under any of the Transaction Documents shall have occurred and be continuing, without notice to such Guarantor or any other Guarantor, any such notice being expressly waived by each Guarantor, to set-off and appropriate and apply any and all deposits, credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by the Purchasers to or for the credit or the account of such Guarantor, or any part thereof in such amounts as the Purchasers may elect, against and on account of the obligations and liabilities of such Guarantor to the Purchasers hereunder and claims of every nature and description of the Purchasers against such Guarantor, in any currency, whether arising hereunder, under the Purchase Agreement, any other Transaction Document or otherwise, as the Purchasers may elect, whether or not the Purchasers have made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. The Purchasers shall notify such Guarantor promptly of any such set-off and the application made by the Purchasers of the proceeds thereof, provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Purchasers under this Section are in addition to other rights and remedies (including, without limitation, other rights of set-off) which the Purchasers may have.
Appears in 4 contracts
Samples: Subsidiary Guarantee (Fathom Holdings Inc.), Subsidiary Guarantee (Fathom Holdings Inc.), Subsidiary Guarantee (Dyadic International Inc)
Set-Off. Each The Guarantor hereby irrevocably authorizes the Purchasers Purchaser at any time and from time to time while an Event of Default under any of the Transaction Documents Agreements shall have occurred and be continuing, without notice to such Guarantor or any other the Guarantor, any such notice being expressly waived by each the Guarantor, to set-off and appropriate and apply any and all deposits, credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by the Purchasers Purchaser to or for the credit or the account of such the Guarantor, or any part thereof in such amounts as the Purchasers Purchaser may elect, against and on account of the obligations and liabilities of such the Guarantor to the Purchasers Purchaser hereunder and claims of every nature and description of the Purchasers Purchaser against such the Guarantor, in any currency, whether arising hereunder, under the Purchase Agreement, any other Transaction Document of the Agreements or otherwise, as the Purchasers Purchaser may elect, whether or not the Purchasers have Purchaser has made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. The Purchasers Purchaser shall notify such the Guarantor promptly of any such set-off and the application made by the Purchasers Purchaser of the proceeds thereof, provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Purchasers Purchaser under this Section are in addition to other rights and remedies (including, without limitation, other rights of set-off) which the Purchasers Purchaser may have.
Appears in 4 contracts
Samples: Parent Guarantee, Purchase Agreement (Polymet Mining Corp), Parent Guarantee (Glencore Holding Ag)
Set-Off. Each Guarantor hereby irrevocably authorizes the Purchasers Secured Parties at any time and from time to time while an Event of Default under any of the Transaction Documents shall have occurred and be continuing, without notice to such Guarantor or any other Guarantor, any such notice being expressly waived by each Guarantor, to set-off and appropriate and apply any and all deposits, credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmaturedunmetered, at any time held or owing by the Purchasers Secured Parties to or for the credit or the account of such Guarantor, or any part thereof in such amounts as the Purchasers Secured Parties may elect, against and on account of the obligations and liabilities of such Guarantor to the Purchasers Secured Parties hereunder and claims of every nature and description of the Purchasers Secured Parties against such Guarantor, in any currency, whether arising hereunder, under the Purchase Agreement, any other Transaction Document or otherwise, as the Purchasers Secured Parties may elect, whether or not the Purchasers Secured Parties have made any demand for payment and although such obligations, liabilities and claims may be contingent or unmaturedunmetered. The Purchasers Secured Parties shall notify such Guarantor promptly of any such set-off and the application made by the Purchasers Secured Parties of the proceeds thereof, provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Purchasers Secured Parties under this Section are in addition to other rights and remedies (including, without limitation, other rights of set-off) which the Purchasers Secured Parties may have.
Appears in 4 contracts
Samples: Subsidiary Guarantee (Cardax, Inc.), Subsidiary Guarantee (Helix TCS, Inc.), Subsidiary Guarantee (Helix TCS, Inc.)
Set-Off. Each Guarantor hereby irrevocably authorizes the Purchasers Purchaser at any time and from time to time while an Event of Default under any of the Transaction Documents shall have occurred and be continuing, without notice to such Guarantor or any other Guarantor, any such notice being expressly waived by each Guarantor, to set-off and appropriate and apply any and all deposits, credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by the Purchasers Purchaser to or for the credit or the account of such Guarantor, or any part thereof in such amounts as the Purchasers Purchaser may elect, against and on account of the obligations and liabilities of such Guarantor to the Purchasers Purchaser hereunder and claims of every nature and description of the Purchasers Purchaser against such Guarantor, in any currency, whether arising hereunder, under the Purchase Agreement, any other Transaction Document or otherwise, as the Purchasers Purchaser may elect, whether or not the Purchasers Purchaser have made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. The Purchasers Purchaser shall notify such Guarantor promptly of any such set-off and the application made by the Purchasers Purchaser of the proceeds thereof, provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Purchasers Purchaser under this Section are in addition to other rights and remedies (including, without limitation, other rights of set-off) which that the Purchasers Purchaser may have.
Appears in 4 contracts
Samples: Subsidiary Guarantee (POSITIVEID Corp), Subsidiary Guarantee (POSITIVEID Corp), Subsidiary Guarantee (POSITIVEID Corp)
Set-Off. Each Guarantor hereby irrevocably authorizes the Purchasers Purchaser at any time and from time to time while an Event of Default under any of the Transaction Documents Notes shall have occurred and be continuingcontinuing after giving effect to any applicable cure period, if any, without notice to such Guarantor or any other GuarantorGuarantors, any such notice being expressly waived by each Guarantor, to set-off and appropriate and apply any and all deposits, credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by the Purchasers Purchaser to or for the credit or the account of such Guarantor, or any part thereof in such amounts as the Purchasers Purchaser may elect, against and on account of the obligations and liabilities of such Guarantor to the Purchasers Purchaser hereunder and claims of every nature and description of the Purchasers Purchaser against such Guarantor, in any currency, whether arising hereunder, under the Purchase Agreement, any other Transaction Document Notes or otherwise, as the Purchasers Purchaser may elect, whether or not the Purchasers Purchaser have made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. The Purchasers Purchaser shall notify such Guarantor promptly of any such set-off and the application made by the Purchasers Purchaser of the proceeds thereof, provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Purchasers Purchaser under this Section are in addition to other rights and remedies (including, without limitation, other rights of set-off) which the Purchasers Purchaser may have.
Appears in 4 contracts
Samples: Corporate Guarantee (White River Energy Corp.), Corporate Guarantee (White River Energy Corp.), Corporate Guarantee (White River Energy Corp.)
Set-Off. Each Guarantor hereby irrevocably authorizes the Purchasers Secured Parties at any time and from time to time while an Event of Default under any of the Transaction Documents shall have occurred and be continuing, without notice to such Guarantor or any other Guarantor, any such notice being expressly waived by each Guarantor, to set-off and appropriate and apply any and all deposits, credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by the Purchasers Secured Parties to or for the credit or the account of such Guarantor, or any part thereof in such amounts as the Purchasers Secured Parties may elect, against and on account of the obligations and liabilities of such Guarantor to the Purchasers Secured Parties hereunder and claims of every nature and description of the Purchasers Secured Parties against such Guarantor, in any currency, whether arising hereunder, under the Purchase Agreement, any other Transaction Document or otherwise, as the Purchasers Secured Parties may elect, whether or not the Purchasers Secured Parties have made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. The Purchasers Secured Parties shall notify such Guarantor promptly of any such set-off and the application made by the Purchasers any Secured Party of the proceeds thereof, provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Purchasers Secured Parties under this Section are in addition to other rights and remedies (including, without limitation, other rights of set-off) which the Purchasers Secured Parties may have.
Appears in 3 contracts
Samples: Subsidiary Guarantee (LiveXLive Media, Inc.), Subsidiary Guarantee (LiveXLive Media, Inc.), Subsidiary Guarantee (JRjr33, Inc.)
Set-Off. Each Guarantor hereby irrevocably authorizes the Purchasers at any time and from time to time while an Event of Default under any of the Transaction Documents shall have occurred and be continuing, without notice to such Guarantor or any other Guarantor, any such notice being expressly waived by each Guarantor, to set-off and appropriate and apply any and all deposits, credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by the Purchasers to or for the credit or the account of such Guarantor, or any part thereof in such amounts as the Purchasers may elect, against and on account of the obligations and liabilities of such Guarantor to the Purchasers hereunder and claims of every nature and description of the Purchasers against such Guarantor, in any currency, whether arising hereunder, under the Purchase Agreement, any other Transaction Document or otherwise, as the Purchasers may elect, whether or not the Purchasers have made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. The Purchasers shall notify such Guarantor promptly of any such set-off and the application made by the Purchasers of the proceeds thereof, provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Purchasers under this Section are in addition to other rights and remedies (including, without limitation, other rights of set-off) which the Purchasers may have.and
Appears in 3 contracts
Samples: Subsidiary Guarantee (T3 Motion, Inc.), Subsidiary Guarantee (T3 Motion, Inc.), Subsidiary Guarantee (T3 Motion, Inc.)
Set-Off. Each Guarantor hereby irrevocably authorizes the Purchasers Holders at any time and from time to time while an Event of Default under any of the Transaction Documents shall have occurred and be continuing, without notice to such Guarantor or any other Guarantorguarantor of the Obligations, any such notice being expressly waived by each Guarantor, to set-off and appropriate and apply any and all depositsdeposits (general or special, time or demand, provisional or final), in any currency, and any other credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by the Purchasers Holders to or for the credit or the account of such Guarantor, or any part thereof in such amounts as the Purchasers Holders may elect, against and on account of the obligations and liabilities of such Guarantor to the Purchasers Holders hereunder and claims of every nature and description of the Purchasers Holders against such Guarantor, in any currency, whether arising hereunder, under the Purchase AgreementNotes, any of the other Transaction Document Agreements or otherwise, as the Purchasers Holders may elect, whether or not the Purchasers Holders have made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. The Purchasers Holders shall notify such Guarantor promptly of any such set-off and the application made by the Purchasers Holders of the proceeds thereof, provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Purchasers Holders under this Section are in addition to other rights and remedies (including, without limitation, other rights of set-off) which the Purchasers Holders may have.
Appears in 3 contracts
Samples: Subsidiary Guaranty (Nexmed Inc), Subsidiary Guaranty (Nexmed Inc), Subsidiary Guaranty (Nexmed Inc)
Set-Off. Each Guarantor hereby irrevocably authorizes the Purchasers Holder at any time and from time to time while an Event of Default under any of the Transaction Documents shall have occurred and be continuing, without notice to such Guarantor or any other Guarantor, any such notice being expressly waived by each Guarantor, to set-off and appropriate and apply any and all depositsdeposits (general or special, time or demand, provisional or final), in any currency, and any other credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by the Purchasers Holder to or for the credit or the account of such Guarantor, or any part thereof in such amounts as the Purchasers Holder may elect, against and on account of the obligations and liabilities of such Guarantor to the Purchasers Holder hereunder and claims of every nature and description of the Purchasers Holder against such Guarantor, in any currency, whether arising hereunder, under the Purchase Debentures, the Loan Agreement, any other Transaction Loan Document or otherwise, as the Purchasers Holder may elect, whether or not the Purchasers have Holder has made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. The Purchasers Holder shall notify such Guarantor promptly of any such set-off and the application made by the Purchasers Holder of the proceeds thereof, provided PROVIDED that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Purchasers Holder under this Section are in addition to other rights and remedies (including, without limitation, other rights of set-off) which the Purchasers Holder may have.
Appears in 3 contracts
Samples: Subsidiary Guaranty (Digital Recorders Inc), Subsidiary Guaranty (Cover All Technologies Inc), Subsidiary Guaranty (Cover All Technologies Inc)
Set-Off. Each Guarantor hereby irrevocably authorizes the Purchasers Purchaser at any time and from time to time while an Event of Default under any of (as defined in the Transaction Documents Note) shall have occurred and be continuing, without notice to such Guarantor or any other Guarantor, any such notice being expressly waived by each Guarantor, to set-set off and appropriate and apply any and all deposits, credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by the Purchasers Purchaser to or for the credit or the account of such Guarantor, or any part thereof in such amounts as the Purchasers Purchaser may elect, against and on account of the obligations and liabilities of such Guarantor to the Purchasers Purchaser hereunder and claims of every nature and description of the Purchasers Purchaser against such Guarantor, in any currency, whether arising hereunder, under the Purchase Agreement, any other Transaction Document or otherwiseNote, as the Purchasers Purchaser may elect, whether or not the Purchasers Purchaser have made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. The Purchasers Purchaser shall notify such Guarantor promptly of any such set-off and the application made by the Purchasers Purchaser of the proceeds thereof, provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Purchasers Purchaser under this Section 5(f) are in addition to other rights and remedies (including, without limitation, other rights of set-off) which the Purchasers Purchaser may have.
Appears in 3 contracts
Samples: Guaranty (Ault Alliance, Inc.), Guaranty (Alzamend Neuro, Inc.), Guaranty (Ault Alliance, Inc.)
Set-Off. Each Guarantor hereby irrevocably authorizes the Purchasers Note Holders at any time and from time to time while an Event of Default under any of the Transaction Note Documents shall have occurred and be continuing, without notice to such Guarantor or any other Guarantor, any such notice being expressly waived by each Guarantor, to set-off and appropriate and apply any and all deposits, credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by the Purchasers Note Holders to or for the credit or the account of such Guarantor, or any part thereof in such amounts as the Purchasers Note Holders may elect, against and on account of the obligations and liabilities of such Guarantor to the Purchasers Note Holders hereunder and claims of every nature and description of the Purchasers Note Holders against such Guarantor, in any currency, whether arising hereunder, under the Securities Purchase Agreement, the Note, any other Transaction Note Document or otherwise, as the Purchasers Note Holders may elect, whether or not the Purchasers Note Holders have made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. The Purchasers Note Holders shall notify such Guarantor promptly of any such set-off and the application made by the Purchasers Note Holders of the proceeds thereof, provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Purchasers Note Holders under this Section are in addition to other rights and remedies (including, without limitation, other rights of set-off) which the Purchasers Note Holders may have.
Appears in 2 contracts
Samples: Subsidiary Guarantee (Oramed Pharmaceuticals Inc.), Subsidiary Guarantee (Scilex Holding Co)
Set-Off. Each Guarantor hereby irrevocably authorizes the Purchasers Secured Parties at any time and from time to time while an Event of Default under any of the Transaction Documents shall have occurred and be continuing, without notice to such Guarantor or any other Guarantor, any such notice being expressly waived by each Guarantor, to set-off setoff and appropriate and apply any and all deposits, credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by the Purchasers Secured Parties to or for the credit or the account of such Guarantor, or any part thereof in such amounts as the Purchasers Secured Parties may elect, against and on account of the obligations and liabilities of such Guarantor to the Purchasers Secured Parties hereunder and claims of every nature and description of the Purchasers Secured Parties against such Guarantor, in any currency, whether arising hereunder, under the Purchase Agreement, any other Transaction Document or otherwise, as the Purchasers Secured Parties may elect, whether or not the Purchasers Secured Parties have made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. The Purchasers Secured Parties shall notify such Guarantor promptly of any such set-off and the application made by the Purchasers Secured Parties of the proceeds thereof, provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Purchasers Secured Parties under this Section are in addition to other rights and remedies (including, without limitation, other rights of set-off) which the Purchasers Secured Parties may have.
Appears in 2 contracts
Samples: Subsidiary Guarantee Agreement, Subsidiary Guarantee (Black Cactus Global, Inc.)
Set-Off. Each Guarantor hereby irrevocably authorizes the Purchasers any Purchaser at any time and from time to time while an Event of Default (as defined in the Notes) under the Notes or a default under any of the Transaction Documents shall have occurred and be continuing, without notice to such Guarantor or any other Guarantor, any such notice being expressly waived by each Guarantor, to set-off and appropriate and apply any and all deposits, credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by the Purchasers any Purchaser to or for the credit or the account of such Guarantor, or any part thereof in such amounts as the Purchasers any Purchaser may elect, against and on account of the obligations and liabilities of such Guarantor to the Purchasers any Purchaser hereunder and claims of every nature and description of the Purchasers any Purchaser against such Guarantor, in any currency, whether arising hereunder, under the Purchase Agreement, any other Transaction Document or otherwise, as the Purchasers any Purchaser may elect, whether or not the Purchasers have any Purchaser has made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. The Purchasers any Purchaser shall notify such Guarantor promptly of any such set-off and the application made by the Purchasers any Purchaser of the proceeds thereof, provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Purchasers any Purchaser under this Section are in addition to other rights and remedies (including, without limitation, other rights of set-off) which the Purchasers any Purchaser may have.
Appears in 2 contracts
Samples: Securities Purchase Agreement (TNL Mediagene), Securities Purchase Agreement (Blue Ocean Acquisition Corp)
Set-Off. Each Guarantor hereby irrevocably authorizes the Purchasers at any time and from time to time while an Event of Default under any of the Transaction Documents shall have occurred and be continuing, without notice to such Guarantor or any other Guarantor, any such notice being expressly waived by each Guarantor, to set-off and appropriate and apply any and all deposits, credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by the any Purchasers to or for the credit or the account of such Guarantor, or any part thereof in such amounts as the Purchasers such Purchaser may elect, against and on account of the obligations and liabilities of such Guarantor to the such Purchasers hereunder and claims of every nature and description of the Purchasers such Purchaser against such Guarantor, in any currency, whether arising hereunder, under the Purchase Agreement, any other Transaction Document or otherwise, as the Purchasers Purchaser may elect, whether or not the Purchasers such Purchaser have made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. The Purchasers A Purchaser shall notify such Guarantor promptly of any such set-off and the application made by the Purchasers such Purchaser of the proceeds thereof, provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Purchasers under this Section are in addition to other rights and remedies (including, without limitation, other rights of set-off) which the Purchasers any Purchaser may have.
Appears in 2 contracts
Samples: Subsidiary Guarantee (ICP Solar Technologies Inc.), Subsidiary Guarantee (ICP Solar Technologies Inc.)
Set-Off. Each Guarantor hereby irrevocably authorizes the Purchasers at any time and from time to time while an Event of Default under any of the Transaction Documents shall have occurred and be continuing, without upon at least five (5) days notice to such Guarantor or any other Guarantor, any such notice being expressly waived by each Guarantor, Guarantor to set-off and appropriate and apply any and all deposits, credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by the Purchasers to or for the credit or the account of such Guarantor, or any part thereof in such amounts as the Purchasers may elect, against and on account of the obligations and liabilities of such Guarantor to the Purchasers hereunder and claims of every nature and description of the Purchasers against such Guarantor, in any currency, whether arising hereunder, under the Purchase Agreement, any other Transaction Document or otherwise, as the Purchasers may elect, whether or not the Purchasers have made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. The Thereafter, the Purchasers shall notify such Guarantor promptly of any such set-off and the application made by the Purchasers of the proceeds thereof, provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Purchasers under this Section are in addition to other rights and remedies (including, without limitation, other rights of set-off) which the Purchasers may have.
Appears in 2 contracts
Samples: Subsidiary Guarantee (Xenomics Inc), Subsidiary Guarantee (Cdknet Com Inc)
Set-Off. Each Guarantor hereby irrevocably authorizes the Purchasers Purchaser at any time and from time to time while an Event of Default under any of the Transaction Documents shall have occurred and be continuing, without notice to such the Guarantor or any other Guarantorguarantor, any such notice being expressly waived by each Guarantor, to set-off and appropriate and apply any and all deposits, credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by the Purchasers Purchaser to or for the credit or the account of such the Guarantor, or any part thereof in such amounts as the Purchasers Purchaser may elect, against and on account of the obligations and liabilities of such the Guarantor to the Purchasers Purchaser hereunder and claims of every nature and description of the Purchasers Purchaser against such the Guarantor, in any currency, whether arising hereunder, under the Purchase Agreement, any other Transaction Document or otherwise, as the Purchasers Purchaser may elect, whether or not the Purchasers Purchaser have made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. The Purchasers Purchaser shall notify such the Guarantor in writing promptly of any such set-off and the application made by the Purchasers Purchaser of the proceeds thereof, provided that the failure to give such notice shall not affect the validity of such set-off and applicationapplication so long as the Guarantor is not materially adversely affected by the failure to promptly deliver such notice. The rights of the Purchasers Purchaser under this Section are in addition to other rights and remedies (including, including without limitation, limitation other rights of set-off) which the Purchasers Purchaser may have.
Appears in 2 contracts
Samples: Subsidiary Guarantee (Adamis Pharmaceuticals Corp), Subsidiary Guarantee (Adamis Pharmaceuticals Corp)
Set-Off. Each Guarantor hereby irrevocably authorizes the Purchasers Subscribers at any time and from time to time while an Event of Default under any of the Transaction Documents shall have occurred and be continuing, without notice to such Guarantor or any other Guarantor, any such notice being expressly waived by each Guarantor, to set-off and appropriate and apply any and all deposits, credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by the Purchasers Subscribers to or for the credit or the account of such Guarantor, or any part thereof in such amounts as the Purchasers Subscribers may elect, against and on account of the obligations and liabilities of such Guarantor to the Purchasers Subscribers hereunder and claims of every nature and description of the Purchasers Subscribers against such Guarantor, in any currency, whether arising hereunder, under the Purchase Agreement, any other Transaction Document or otherwise, as the Purchasers Subscribers may elect, whether or not the Purchasers Subscribers have made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. The Purchasers Subscribers shall notify such Guarantor promptly of any such set-off and the application made by the Purchasers Subscribers of the proceeds thereof, provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Purchasers Subscribers under this Section are in addition to other rights and remedies (includingremedies(including, without limitation, other rights of set-off) which the Purchasers Subscribers may have.
Appears in 2 contracts
Samples: Subsidiary Guarantee (Oxford Media, Inc.), Subsidiary Guarantee (Oxford Media, Inc.)
Set-Off. Each Guarantor hereby irrevocably authorizes the Purchasers Purchaser at any time and from time to time while an Event of Default under any of the Transaction Documents shall have occurred and be continuing, without notice to such the Guarantor or any other Guarantorguarantor, any such notice being expressly waived by each Guarantor, to set-off and appropriate and apply any and all deposits, credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by the Purchasers Purchaser to or for the credit or the account of such the Guarantor, or any part thereof in such amounts as the Purchasers Purchaser may elect, against and on account of the obligations and liabilities of such the Guarantor to the Purchasers Purchaser hereunder and claims of every nature and description of the Purchasers Purchaser against such the Guarantor, in any currency, whether arising hereunder, under the Purchase Agreement, any other Transaction Document or otherwise, as the Purchasers Purchaser may elect, whether or not the Purchasers Purchaser have made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. The Purchasers Purchaser shall notify such the Guarantor promptly of any such set-off and the application made by the Purchasers Purchaser of the proceeds thereof, provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Purchasers Purchaser under this Section are in addition to other rights and remedies (including, including without limitation, limitation other rights of set-off) which the Purchasers Purchaser may have.
Appears in 2 contracts
Samples: Subsidiary Guarantee (IdeaEdge, Inc), Subsidiary Guarantee (International Stem Cell CORP)
Set-Off. Each Guarantor hereby irrevocably authorizes the Purchasers Lenders at any time and from time to time while an Event of Default under any of the Transaction Documents shall have occurred and be continuing, without notice to such Guarantor or any other Guarantor, any such notice being expressly waived by each Guarantor, to set-off and appropriate and apply any and all depositsdeposits (general or special, time or demand, provisional or final), in any currency, and any other credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by the Purchasers Lenders to or for the credit or the account of such Guarantor, or any part thereof in such amounts as the Purchasers Lenders may elect, against and on account of the obligations and liabilities of such Guarantor to the Purchasers Lenders hereunder and claims of every nature and description of the Purchasers Lenders against such Guarantor, in any currency, whether arising hereunder, under the Purchase Loan Agreement, any other Transaction Loan Document or otherwise, as the Purchasers Lenders may elect, whether or not the Purchasers Lenders have made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. The Purchasers Lenders shall notify such Guarantor promptly of any such set-off and the application made by the Purchasers Lenders of the proceeds thereof, provided PROVIDED that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Purchasers Lenders under this Section are in addition to other rights and remedies (including, without limitation, other rights of set-off) which the Purchasers Lenders may have.
Appears in 2 contracts
Samples: Subsidiary Guarantee (Appliedtheory Corp), Subsidiary Guarantee (Anc Rental Corp)
Set-Off. Each Guarantor hereby irrevocably authorizes the Purchasers at any time and from time to time while an Event of Default under any of the Transaction Documents shall have occurred and be continuing, without notice to such Guarantor or any other Guarantor, any such notice being expressly waived by each Guarantor, to set-off and appropriate and apply any and all deposits, credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by the Purchasers to or for the credit or the account of such Guarantor, or any part thereof in such amounts as the Purchasers may elect, against and on account of the obligations and liabilities of such Guarantor to the Purchasers hereunder and claims of every nature and description of the Purchasers against such Guarantor, in any currency, whether arising hereunder, under the Purchase Subscription Agreement, any other Transaction Document or otherwise, as the Purchasers may elect, whether or not the Purchasers have made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. The Purchasers shall notify such Guarantor promptly of any such set-off and the application made by the Purchasers of the proceeds thereof, provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Purchasers under this Section are in addition to other rights and remedies (including, without limitation, other rights of set-off) which the Purchasers may have.
Appears in 2 contracts
Samples: Subsidiary Guarantee (Magnolia Solar Corp), Subsidiary Guarantee (Technoconcepts, Inc.)
Set-Off. Each Guarantor hereby irrevocably authorizes the Purchasers at any time and from time to time while an Event of Default under any of the Transaction Documents shall have occurred and be continuing, without notice to such Guarantor or any other Guarantor, any such notice being expressly waived by each Guarantor, to set-off and appropriate and apply any and all deposits, credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by the Purchasers to or for the credit or the account of such Guarantor, or any part thereof in such amounts as the Purchasers may elect, against and on account of the obligations and liabilities of such Guarantor to the Purchasers hereunder and claims of every nature and description of the Purchasers against such Guarantor, in any currency, whether arising hereunder, under the Purchase Agreement, any other Transaction Document or otherwise, as the Purchasers may elect, whether or not the Purchasers have made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. The Purchasers shall notify such Guarantor promptly of any such set-off and the application made by the Purchasers of the proceeds thereof, provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Purchasers under this Section are in addition to other rights and remedies (including, without limitation, other rights of set-off) which the Purchasers may have.
Appears in 2 contracts
Samples: Subsidiary Guarantee (Elicio Therapeutics, Inc.), Subsidiary Guarantee (Elicio Therapeutics, Inc.)
Set-Off. Each Guarantor hereby irrevocably authorizes the Purchasers Lender at any time and from time to time while an Event of Default under any of the Transaction Documents shall have occurred and be continuing, without notice to such Guarantor or any other Guarantor, any such notice being expressly waived by each Guarantor, to set-off and appropriate and apply any and all deposits, credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by the Purchasers Lender to or for the credit or the account of such Guarantor, or any part thereof in such amounts as the Purchasers Lender may elect, against and on account of the obligations and liabilities of such Guarantor to the Purchasers Lender hereunder and claims of every nature and description of the Purchasers Lender against such Guarantor, in any currency, whether arising hereunder, under the Purchase Agreement, any other Transaction Document or otherwise, as the Purchasers Lender may elect, whether or not the Purchasers Lender have made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. The Purchasers Lender shall notify such Guarantor promptly of any such set-off and the application made by the Purchasers Lender of the proceeds thereof, provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Purchasers Lender under this Section are in addition to other rights and remedies (including, without limitation, other rights of set-off) which the Purchasers Lender may have.
Appears in 2 contracts
Samples: Subsidiary Guarantee (ASTROTECH Corp), Subsidiary Guarantee (ASTROTECH Corp)
Set-Off. Each Guarantor hereby irrevocably authorizes the Purchasers Purchaser at any time and from time to time while an Event of Default under any of the Transaction Documents shall have occurred and be continuing, without notice to such Guarantor or any other Guarantor, any such notice being expressly waived by each Guarantor, to set-off and appropriate and apply any and all deposits, credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by the Purchasers Purchaser to or for the credit or the account of such Guarantor, or any part thereof in such amounts as the Purchasers Purchaser may elect, against and on account of the obligations and liabilities of such Guarantor to the Purchasers Purchaser hereunder and claims of every nature and description of the Purchasers Purchaser against such Guarantor, in any currency, whether arising hereunder, under the Note Purchase Agreement, any other Transaction Document or otherwise, as the Purchasers Purchaser may elect, whether or not the Purchasers Purchaser have made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. The Purchasers Purchaser shall notify such Guarantor promptly of any such set-off and the application made by the Purchasers Purchaser of the proceeds thereof, provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Purchasers Purchaser under this Section are in addition to other rights and remedies (including, without limitation, other rights of set-off) which the Purchasers Purchaser may have.
Appears in 2 contracts
Samples: Guaranty Agreement (Youngevity International, Inc.), Guaranty Agreement (Youngevity International, Inc.)
Set-Off. Each Guarantor hereby irrevocably authorizes the Purchasers at any time and from time to time while an Event of Default under any of the Transaction Documents shall have occurred and be continuing, without notice to such Guarantor or any other Guarantor, any such notice being expressly waived by each Guarantor, to set-off and appropriate and apply any and all deposits, credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by the Purchasers to or for the credit or the account of such Guarantor, or any part thereof in such amounts as the Purchasers may elect, against and on account of the obligations and liabilities of such Guarantor to the Purchasers hereunder and claims of every nature and description of the Purchasers against such Guarantor, in any currency, whether arising hereunder, under the Purchase Agreement, Exchange Agreement and any other Transaction Document or otherwise, as the Purchasers may elect, whether or not the Purchasers have made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. The Purchasers shall notify such Guarantor promptly of any such set-off and the application made by the Purchasers of the proceeds thereof, provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Purchasers under this Section are in addition to other rights and remedies (including, without limitation, other rights of set-off) which the Purchasers may have.
Appears in 2 contracts
Samples: Subsidiary Guarantee (Rennova Health, Inc.), Subsidiary Guarantee (Rennova Health, Inc.)
Set-Off. Each Guarantor hereby irrevocably authorizes the Purchasers Lender at any time and from time to time while an Event of Default under any of the Transaction Documents shall have occurred and be continuing, without notice to such Guarantor or any other Guarantor, any such notice being expressly waived by each Guarantor, to set-off and appropriate and apply any and all deposits, credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by the Purchasers Lender to or for the credit or the account of such Guarantor, or any part thereof in such amounts as the Purchasers Lender may elect, against and on account of the obligations and liabilities of such Guarantor to the Purchasers Lender hereunder and claims of every nature and description of the Purchasers Lender against such Guarantor, in any currency, whether arising hereunder, under the Purchase AgreementLoan Agreements, any other Transaction Document or otherwise, as the Purchasers Lender may elect, whether or not the Purchasers have Lender has made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. The Purchasers Lender shall notify such Guarantor promptly of any such set-off and the application made by the Purchasers Lender of the proceeds thereof, provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Purchasers Lender under this Section are in addition to other rights and remedies (including, without limitation, other rights of set-off) which the Purchasers Lender may have.
Appears in 2 contracts
Samples: Subsidiary Guarantee (Universal Property Development & Acquisition Corp), Subsidiary Guarantee (Heartland Oil & Gas Corp)
Set-Off. Each Guarantor hereby irrevocably authorizes the Purchasers at any time and from time to time while an Event of Default under any of the Transaction Documents shall have occurred and be continuing, without notice to such Guarantor or any other Guarantor, any such notice being expressly waived by each Guarantor, to set-off and appropriate and apply any and all deposits, credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by the Purchasers to or for the credit or the account of such Guarantor, or any part thereof in such amounts as the Purchasers may elect, against and on account of the obligations and liabilities of such Guarantor to the Purchasers hereunder and claims of every nature and description of the Purchasers against such Guarantor, in any currency, whether arising hereunder, under the Purchase Agreement, any other Transaction Document or otherwise, as the Purchasers may elect, whether or not the Purchasers have made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. The Purchasers shall notify such Guarantor promptly of any such set-off and the application made by the Purchasers of the proceeds thereof, provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Purchasers under this Section are in addition to other rights and remedies (including, including without limitation, limitation other rights of set-off) which the Purchasers may have.
Appears in 1 contract
Set-Off. Each Guarantor hereby irrevocably authorizes the Purchasers Lender at any time and from time to time while an Event of Default under any of the Transaction Documents shall have occurred and be continuing, without notice to such Guarantor or any other Guarantor, any such notice being expressly waived by each Guarantor, to set-off and appropriate and apply any and all deposits, credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by the Purchasers Lender to or for the credit or the account of such Guarantor, or any part thereof in such amounts as the Purchasers Lender may elect, against and on account of the obligations and liabilities of such Guarantor to the Purchasers Lender hereunder and claims of every nature and description of the Purchasers Lender against such Guarantor, in any currency, whether arising hereunder, under the Purchase Loan Agreement, any other Transaction Document or otherwise, as the Purchasers Lender may elect, whether or not the Purchasers have Lender has made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. The Purchasers Lender shall notify such Guarantor promptly of any such set-off and the application made by the Purchasers Lender of the proceeds thereof, provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Purchasers Lender under this Section are in addition to other rights and remedies (including, without limitation, other rights of set-set- off) which the Purchasers Lender may have.
Appears in 1 contract
Set-Off. Each Guarantor hereby irrevocably authorizes the Purchasers Lender at any time and from time to time while an Event of Default under any of the Transaction Documents (as defined in each Note) shall have occurred and be continuing, without notice to such Guarantor or any other Guarantor, any such notice being expressly waived by each Guarantor, to set-set off and appropriate and apply any and all deposits, credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by the Purchasers Lender to or for the credit or the account of such Guarantor, or any part thereof in such amounts as the Purchasers Lender may elect, against and on account of the obligations and liabilities of such Guarantor to the Purchasers Lender hereunder and claims of every nature and description of the Purchasers Lender against such Guarantor, in any currency, whether arising hereunder, under the Purchase Agreement, any other Transaction Document or otherwiseeach Note, as the Purchasers Lender may elect, whether or not the Purchasers Lender have made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. The Purchasers Lender shall notify such Guarantor promptly of any such set-off and the application made by the Purchasers Lender of the proceeds thereof, provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Purchasers Lender under this Section 5(f) are in addition to other rights and remedies (including, without limitation, other rights of set-off) which the Purchasers Lender may have.
Appears in 1 contract
Samples: Guaranty (Ault Alliance, Inc.)
Set-Off. Each Guarantor hereby irrevocably authorizes the Purchasers Purchaser at any time and from time to time while an Event of Default under any of the Transaction Documents shall have occurred and be continuing, without notice to such Guarantor or any other Guarantor, any such notice being expressly waived by each Guarantor, to set-off and appropriate and apply any and all deposits, credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by the Purchasers Purchaser to or for the credit or the account of such Guarantor, or any part thereof in such amounts as the Purchasers Purchaser may elect, against and on account of the obligations and liabilities of such Guarantor to the Purchasers Purchaser hereunder and claims of every nature and description of the Purchasers Purchaser against such Guarantor, in any currency, whether arising hereunder, under the Purchase Restructuring Agreement, any other Transaction Document or otherwise, as the Purchasers Purchaser may elect, whether or not the Purchasers Purchaser have made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. The Purchasers Purchaser shall notify such Guarantor promptly of any such set-off and the application made by the Purchasers Purchaser of the proceeds thereof, provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Purchasers Purchaser under this Section are in addition to other rights and remedies (includingremedies(including, without limitation, other rights of set-off) which the Purchasers Purchaser may have.
Appears in 1 contract
Set-Off. Each Guarantor hereby irrevocably authorizes the Purchasers Purchaser at any time and from time to time while an Event of Default under any of the Transaction Documents shall have occurred and be continuing, without notice to such Guarantor or any other Guarantor, any such notice being expressly waived by each Guarantor, to set-off and appropriate and apply any and all deposits, credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by the Purchasers Purchaser to or for the credit or the account of such Guarantor, or any part thereof in such amounts as the Purchasers Purchaser may elect, against and on account of the obligations and liabilities of such Guarantor to the Purchasers Purchaser hereunder and claims of every nature and description of the Purchasers Purchaser against such Guarantor, in any currency, whether arising hereunder, under the Purchase Agreement, any other Transaction Document or otherwise, as the Purchasers Purchaser may elect, whether or not the Purchasers have Purchaser has made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. The Purchasers Purchaser shall notify such Guarantor promptly of any such set-off and the application made by the Purchasers Purchaser of the proceeds thereof, provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Purchasers Purchaser under this Section section are in addition to other rights and remedies (including, including without limitation, limitation other rights of set-off) which the Purchasers Purchaser may have.
Appears in 1 contract
Set-Off. Each Guarantor hereby irrevocably authorizes the Purchasers Purchaser at any time and from time to time while an Event of Default under any of the Transaction Documents shall have occurred and be continuing, without notice to such Guarantor or any other Guarantor, any such notice being expressly waived by each Guarantor, to set-off and appropriate and apply any and all deposits, credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by the Purchasers Purchaser to or for the credit or the account of such Guarantor, or any part thereof in such amounts as the Purchasers Purchaser may elect, against and on account of the obligations and liabilities of such Guarantor to the Purchasers Purchaser hereunder and claims of every nature and description of the Purchasers against such Guarantor, in any currency, whether arising hereunder, under the Purchase Agreement, any other Transaction Document or otherwise, as the Purchasers may elect, whether or not the Purchasers Purchaser have made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. The Purchasers Purchaser shall notify such Guarantor promptly of any such set-off and the application made by the Purchasers Purchaser of the proceeds thereof, provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Purchasers Purchaser under this Section are in addition to other rights and remedies (including, without limitation, other rights of set-off) which the Purchasers Purchaser may have.
Appears in 1 contract
Set-Off. Each Guarantor hereby irrevocably authorizes the Purchasers Holders at any time and from time to time while an Event of Default under any of the Transaction Documents shall have occurred and be continuing, without notice to such Guarantor or any other Guarantor, any such notice being expressly waived by each Guarantor, to set-off and appropriate and apply any and all deposits, credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by the Purchasers Holders to or for the credit or the account of such Guarantor, or any part thereof in such amounts as the Purchasers Holders may elect, against and on account of the obligations and liabilities of such Guarantor to the Purchasers Holders hereunder and claims of every nature and description of the Purchasers Holders against such Guarantor, in any currency, whether arising hereunder, under the Purchase Exchange Agreement, any other Transaction Document or otherwise, as the Purchasers Holders may elect, whether or not the Purchasers Holders have made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. The Purchasers Holders shall notify such Guarantor promptly of any such set-off and the application made by the Purchasers Holders of the proceeds thereof, provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Purchasers Holders under this Section are in addition to other rights and remedies (including, including without limitation, limitation other rights of set-off) which the Purchasers Holders may have.
Appears in 1 contract
Set-Off. Each Guarantor hereby irrevocably authorizes the Purchasers each Investor at any time and from time to time while an Event of Default under any of anyof the Transaction Documents shall have occurred and be continuing, without notice to such Guarantor or any other Guarantor, any such notice being expressly waived by each Guarantor, to set-off and appropriate and apply any and all deposits, credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by the Purchasers such Investor to or for the credit or the account of such Guarantor, or any part thereof in such amounts as the Purchasers such Investor may elect, against and on account of the obligations and liabilities of such Guarantor to the Purchasers Investor hereunder and claims of every nature and description of the Purchasers such Investor against such Guarantor, in any currency, whether arising hereunder, under the Purchase Agreement, any other Transaction Document or otherwise, as the Purchasers such Investor may elect, whether or not the Purchasers have such Investor has made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. The Purchasers A Investor shall notify such Guarantor and the Agent named in the Security Agreement promptly of any such set-off and the application made by the Purchasers such Investor of the proceeds thereof, provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Purchasers Investors under this Section are in addition to other rights and remedies (including, without limitation, other rights of set-off) which the Purchasers Investors may have.
Appears in 1 contract
Samples: Guaranty (Cyber App Solutions Corp.)
Set-Off. Each Guarantor hereby irrevocably authorizes the Purchasers Holder at any time and from time to time while an Event of Default under any of the Transaction Documents shall have occurred and be continuing, without notice to such Guarantor or any other Guarantorguarantor of the Obligations, any such notice being expressly waived by each the Guarantor, to set-off and appropriate and apply any and all depositsdeposits (general or special, time or demand, provisional or final), in any currency, and any other credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by the Purchasers Holder to or for the credit or the account of such the Guarantor, or any part thereof in such amounts as the Purchasers Holder may elect, against and on account of the obligations and liabilities of such the Guarantor to the Purchasers Holder hereunder and claims of every nature and description of the Purchasers Holder against such Guarantor, in any currency, whether arising hereunder, under the Purchase AgreementNote, any other Transaction Document or otherwise, as the Purchasers Holder may elect, whether or not the Purchasers have Holder has made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. The Purchasers Holder shall notify such Guarantor promptly of any such set-off and the application made by the Purchasers Holder of the proceeds thereof, provided provided, that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Purchasers Holder under this Section are in addition to other rights and remedies (including, without limitation, other rights of set-off) which the Purchasers Holder may have.
Appears in 1 contract
Set-Off. Each Guarantor hereby irrevocably authorizes the Purchasers each Purchaser at any time and from time to time while an Event of Default under any of the Transaction Documents shall have occurred and be continuing, without notice to such Guarantor or any other Guarantor, any such notice being expressly waived by each Guarantor, to set-off and appropriate and apply any and all deposits, credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by the Purchasers such Purchaser to or for the credit or the account of such Guarantor, or any part thereof in such amounts as the Purchasers such Purchaser may elect, against and on account of the obligations and liabilities of such Guarantor to the Purchasers Purchaser hereunder and claims of every nature and description of the Purchasers such Purchaser against such Guarantor, in any currency, whether arising hereunder, under the Purchase Agreement, any other Transaction Document or otherwise, as the Purchasers such Purchaser may elect, whether or not the Purchasers have such Purchaser has made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. The Purchasers A Purchaser shall notify such Guarantor and the Agent named in the Security Agreement promptly of any such set-off and the application made by the Purchasers such Purchaser of the proceeds thereof, provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Purchasers under this Section are in addition to other rights and remedies (including, without limitation, other rights of set-off) which the Purchasers may have.
Appears in 1 contract
Set-Off. Each Guarantor hereby irrevocably authorizes the Purchasers Lender at any time and from time to time while an Event of Default under any of the Transaction Documents shall have occurred and be continuing, without notice to such Guarantor or any other Guarantor, any such notice being expressly waived by each Guarantor, to set-off and appropriate and apply any and all deposits, credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by the Purchasers Lender to or for the credit or the account of such Guarantor, or any part thereof in such amounts as the Purchasers Lender may elect, against and on account of the obligations and liabilities of such Guarantor to the Purchasers Lender hereunder and claims of every nature and description of the Purchasers Lender against such Guarantor, in any currency, whether arising hereunder, under the Purchase Bridge Loan Agreement, any other Transaction Document or otherwise, as the Purchasers Lender may elect, whether or not the Purchasers Lender have made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. The Purchasers Lender shall notify such Guarantor promptly of any such set-off and the application made by the Purchasers Lender of the proceeds thereof, provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Purchasers under this Section are in addition to other rights and remedies (including, without limitation, other rights of set-off) which the Purchasers may have.and
Appears in 1 contract
Set-Off. Each Guarantor hereby irrevocably authorizes the Purchasers Vanco at any time and from time to time while an Event of Default under any of the Transaction Documents Debenture shall have occurred and be continuing, without notice to such Guarantor or any other Guarantor, any such notice being expressly waived by each Guarantor, to set-off and appropriate and apply any and all deposits, credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by the Purchasers Vanco to or for the credit or the account of such Guarantor, or any part thereof in such amounts as the Purchasers Vanco may elect, against and on account of the obligations and liabilities of such Guarantor to the Purchasers Vanco hereunder and claims of every nature and description of the Purchasers Vanco against such Guarantor, in any currency, whether arising hereunder, under the Purchase Agreement, any other Transaction Document the Debenture or otherwise, as the Purchasers Vanco may elect, whether or not the Purchasers Vanco have made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. The Purchasers Vanco shall notify such Guarantor promptly of any such set-off and the application made by the Purchasers Vanco of the proceeds thereof, provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Purchasers Vanco under this Section are in addition to other rights and remedies (including, without limitation, other rights of set-off) which the Purchasers Vanco may have.
Appears in 1 contract
Samples: Subsidiary Guarantee (Capital Growth Systems Inc /Fl/)
Set-Off. Each Guarantor hereby irrevocably authorizes the Purchasers at ------- any time and from time to time while an Event of Default under any of the Transaction Documents shall have occurred and be continuing, without notice to such Guarantor or any other Guarantor, any such notice being expressly waived by each Guarantor, to set-off and appropriate and apply any and all deposits, credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by the Purchasers to or for the credit or the account of such Guarantor, or any part thereof in such amounts as the Purchasers may elect, against and on account of the obligations and liabilities of such Guarantor to the Purchasers hereunder and claims of every nature and description of the Purchasers against such Guarantor, in any currency, whether arising hereunder, under the Purchase Agreement, any other Transaction Document or otherwise, as the Purchasers may elect, whether or not the Purchasers have made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. The Purchasers shall notify such Guarantor promptly of any such set-off and the application made by the Purchasers of the proceeds thereof, provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Purchasers under this Section are in addition to other rights and remedies (includingremedies(including, without limitation, other rights of set-off) which the Purchasers may have.
Appears in 1 contract
Set-Off. Each Guarantor hereby irrevocably authorizes the Purchasers at any time and from time to time while an Event of Default under any of the Transaction Documents shall have occurred and be continuing, without notice to such the Guarantor or any other Guarantorguarantor, any such notice being expressly waived by each Guarantor, to set-off and appropriate and apply any and all deposits, credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by the Purchasers to or for the credit or the account of such the Guarantor, or any part thereof in such amounts as the Purchasers may elect, against and on account of the obligations and liabilities of such the Guarantor to the Purchasers hereunder and claims of every nature and description of the Purchasers against such the Guarantor, in any currency, whether arising hereunder, under the Purchase Agreement, any other Transaction Document or otherwise, as the Purchasers may elect, whether or not the Purchasers have made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. The Purchasers shall notify such the Guarantor promptly of any such set-off and the application made by the Purchasers of the proceeds thereof, provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Purchasers under this Section are in addition to other rights and remedies (including, including without limitation, limitation other rights of set-off) which the Purchasers may have.
Appears in 1 contract
Set-Off. Each Guarantor hereby irrevocably authorizes the Purchasers Investors at any time and from time to time while an Event of Default under any of the Transaction Documents shall have occurred and be continuing, without notice to such Guarantor or any other Guarantor, any such notice being expressly waived by each Guarantor, to set-off and appropriate and apply any and all deposits, credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by the Purchasers Investors to or for the credit or the account of such Guarantor, or any part thereof in such amounts as the Purchasers Investors may elect, against and on account of the obligations and liabilities of such Guarantor to the Purchasers Investors hereunder and claims of every nature and description of the Purchasers Investors against such Guarantor, in any currency, whether arising hereunder, under the Purchase AgreementSPA, any other Transaction Document or otherwise, as the Purchasers Investors may elect, whether or not the Purchasers Investors have made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. The Purchasers Investors shall notify such Guarantor promptly of any such set-off and the application made by the Purchasers Investors of the proceeds thereof, provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Purchasers Investors under this Section are in addition to other rights and remedies (including, without limitation, other rights of set-off) which the Purchasers Investors may have.
Appears in 1 contract
Samples: Subsidiary Guarantee (Chile Mining Technologies Inc.)
Set-Off. Each Guarantor hereby irrevocably authorizes the Purchasers Holders at any time and from time to time while an Event of Default under any of the Transaction Documents Notes or Security Agreement shall have occurred and be continuing, without notice to such Guarantor or any other Guarantor, any such notice being expressly waived by each Guarantor, to set-off and appropriate and apply any and all deposits, credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by the Purchasers Holders to or for the credit or the account of such Guarantor, or any part thereof in such amounts as the Purchasers Holders may elect, against and on account of the obligations and liabilities of such Guarantor to the Purchasers Holders hereunder and claims of every nature and description of the Purchasers Holders against such Guarantor, in any currency, whether arising hereunder, under the Purchase Agreement, any other Transaction Document or hereunderor otherwise, as the Purchasers Holders may elect, whether or not the Purchasers Holders have made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. The Purchasers Holders shall notify such Guarantor promptly of any such set-off and the application made by the Purchasers Holders of the proceeds thereof, provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Purchasers Holders under this Section are in addition to other rights and remedies (includingremedies(including, without limitation, other rights of set-off) which the Purchasers Holders may have.
Appears in 1 contract
Set-Off. Each Guarantor hereby irrevocably authorizes the Purchasers Lenders at any time and from time to time while an Event of Default under any of the Transaction Documents shall have occurred and be continuing, without notice to such Guarantor or any other Guarantor, any such notice being expressly waived by each Guarantor, to set-off and appropriate and apply any and all deposits, credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by the Purchasers Lenders to or for the credit or the account of such Guarantor, or any part thereof in such amounts as the Purchasers Lenders may elect, against and on account of the obligations and liabilities of such Guarantor to the Purchasers Lenders hereunder and claims of every nature and description of the Purchasers Lenders against such Guarantor, in any currency, whether arising hereunder, under the Purchase Subscription Agreement, any other Transaction Document or otherwise, as the Purchasers Lenders may elect, whether or not the Purchasers Lenders have made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. The Purchasers Lenders shall notify such Guarantor promptly of any such set-off and the application made by the Purchasers Lenders of the proceeds thereof, provided PROVIDED that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Purchasers Lenders under this Section are in addition to other rights and remedies (includingremedies(including, without limitation, other rights of set-off) which the Purchasers Lenders may have.
Appears in 1 contract
Samples: Parent Guarantee (VCG Holding Corp)
Set-Off. Each Guarantor hereby irrevocably authorizes the Purchasers Holders at any time and from time to time while an Event of Default under any of the Transaction Documents Debentures or the Security Agreement shall have occurred and be continuing, without notice to such Guarantor or any other Guarantor, any such notice being expressly waived by each Guarantor, to set-off and appropriate and apply any and all deposits, credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held by or owing by to the Purchasers Holders to or for the credit or the account of such Guarantor, or any part thereof in such amounts as the Purchasers Holders may elect, against and on account of the obligations and liabilities of such Guarantor to the Purchasers Holders hereunder and claims of every nature and description of the Purchasers Holders against such Guarantor, in any currency, whether arising hereunder, under the Purchase Agreement, any other Transaction Document Debentures or otherwise, as the Purchasers Holders may elect, whether or not the Purchasers Holders have made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. The Purchasers Holders shall notify such Guarantor promptly of any such set-off and the application made by the Purchasers Holders of the proceeds thereof, provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Purchasers Holders under this Section are in addition to other rights and remedies (including, without limitation, other rights of set-off) which the Purchasers Holders may have.
Appears in 1 contract
Samples: Subsidiary Guarantee (Accentia Biopharmaceuticals Inc)
Set-Off. Each Guarantor hereby irrevocably authorizes the Purchasers at any time and from time to time while an Event of Default under any of the Transaction Documents Notes shall have occurred and be continuing, without notice to such Guarantor or any other GuarantorGuarantors, any such notice being expressly waived by each Guarantor, to set-off and appropriate and apply any and all deposits, credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by the Purchasers Purchaser to or for the credit or the account of such Guarantor, or any part thereof in such amounts as the Purchasers Purchaser may elect, against and on account of the obligations and liabilities of such Guarantor to the Purchasers Purchaser hereunder and claims of every nature and description of the Purchasers Purchaser against such Guarantor, in any currency, whether arising hereunder, under the Purchase Agreement, any other Transaction Document Notes or otherwise, as the Purchasers Purchaser may elect, whether or not the Purchasers Purchaser have made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. The Purchasers shall notify such Guarantor promptly of any such set-off and the application made by the Purchasers Purchaser of the proceeds thereof, provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Purchasers under this Section are in addition to other rights and remedies (including, without limitation, other rights of set-off) which the Purchasers Purchaser may have.
Appears in 1 contract
Set-Off. Each Guarantor hereby irrevocably authorizes the Purchasers Holders at any time and from time to time while an Event of Default under any of the Transaction Documents Debentures or the Pledge Agreement shall have occurred and be continuing, without notice to such Guarantor or any other Guarantor, any such notice being expressly waived by each Guarantor, to set-off and appropriate and apply any and all deposits, credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held by or owing by to the Purchasers Holders to or for the credit or the account of such Guarantor, or any part thereof in such amounts as the Purchasers Holders may elect, against and on account of the obligations and liabilities of such Guarantor to the Purchasers Holders hereunder and claims of every nature and description of the Purchasers Holders against such Guarantor, in any currency, whether arising hereunder, under the Purchase Agreement, any other Transaction Document Debentures or otherwise, as the Purchasers Holders may elect, whether or not the Purchasers Holders have made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. The Purchasers Holders shall notify such Guarantor promptly of any such set-off and the application made by the Purchasers Holders of the proceeds thereof, provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Purchasers Holders under this Section are in addition to other rights and remedies (including, without limitation, other rights of set-off) which the Purchasers Holders may have.
Appears in 1 contract
Samples: Subsidiary Guarantee (Accentia Biopharmaceuticals Inc)
Set-Off. Each Guarantor hereby irrevocably authorizes the Purchasers Guaranteed Parties at any time and from time to time while an Event of Default under any of the Transaction Documents shall have occurred and be continuing, without notice to such Guarantor or any other Guarantorguarantor of the Obligations, any such notice being expressly waived by each Guarantor, to set-off and appropriate and apply any and all depositsamounts, credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by the Purchasers Guaranteed Parties to or for the credit or the account of such Guarantor, or any part thereof thereof, in such amounts as the Purchasers Guaranteed Parties may elect, against and on account of the obligations and liabilities of such Guarantor to the Purchasers hereunder and claims of every nature and description of the Purchasers against such Guarantor, in any currency, whether arising hereunder, under the Purchase Agreement, any other Transaction Document or otherwise, as the Purchasers may electObligations, whether or not the Purchasers have Guaranteed Parties has made any demand for payment and although such obligations, liabilities and claims the Obligations may be contingent or unmatured. The Purchasers Guaranteed Parties shall notify such Guarantor promptly of any such set-off and the application made by the Purchasers Guaranteed Parties of the proceeds thereof, provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Purchasers Guaranteed Parties under this Section are in addition to other rights and remedies (including, without limitation, other rights of set-off) which the Purchasers Guaranteed Parties may have.
Appears in 1 contract
Samples: Note Purchase Agreement (Aerie Pharmaceuticals Inc)
Set-Off. Each Guarantor hereby irrevocably authorizes the Purchasers ------- Investor at any time and from time to time while an Event of Default under any of the Transaction Documents shall have occurred and be continuing, without notice to such Guarantor or any other Guarantor, any such notice being expressly waived by each Guarantor, to set-off and appropriate and apply any and all depositsdeposits (general or special, time or demand, provisional or final), in any currency, and any other credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by the Purchasers Investor to or for the credit or the account of such Guarantor, or any part thereof in such amounts as the Purchasers Investor may elect, against and on account of the obligations and liabilities of such Guarantor to the Purchasers Investor hereunder and claims of every nature and description of the Purchasers Investor against such Guarantor, in any currency, whether arising hereunder, under the Purchase Exchange Agreement, any other Transaction Loan Document or otherwise, as the Purchasers Investor may elect, whether or not the Purchasers Investor have made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. The Purchasers Investor shall notify such Guarantor promptly of any such set-off and the application made by the Purchasers Investor of the proceeds thereof, provided PROVIDED that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Purchasers Investor under this Section are in addition to other rights and remedies (includingremedies(including, without limitation, other rights of set-off) which the Purchasers Investor may have.
Appears in 1 contract
Set-Off. Each Guarantor hereby irrevocably authorizes the Purchasers at any time and from time to time while an Event of Default under any of the Transaction Documents shall have occurred and be continuing, without notice to such Guarantor or any other Guarantor, any such notice being expressly waived by each Guarantor, to set-off and appropriate and apply any and all deposits, credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by the Purchasers to or for the credit or the account of such Guarantor, or any part thereof in such amounts as the Purchasers may elect, against and on account of the obligations and liabilities of such Guarantor to the Purchasers hereunder and claims of every nature and description of the Purchasers against such Guarantor, in any currency, whether arising hereunder, under the Purchase Agreement, any other Transaction Document or otherwise, as the Purchasers may elect, whether or not the Purchasers have made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. The Purchasers shall notify such Guarantor promptly of any such set-off and the application made by the Purchasers of the proceeds thereof, provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Purchasers under this Section 5(f) are in addition to other rights and remedies (including, without limitation, other rights of set-off) which the Purchasers may have.
Appears in 1 contract
Set-Off. Each Guarantor hereby irrevocably authorizes the Purchasers at any time and from time to time while an Event of Default under any of the Transaction Documents shall have occurred and be continuing, without notice to such Guarantor or any other Guarantor, any such notice being expressly waived by each Guarantor, to set-off setoff and appropriate and apply any and all deposits, credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by the Purchasers to or for the credit or the account of such Guarantor, or any part thereof in such amounts as the Purchasers may elect, against and on account of the obligations and liabilities of such Guarantor to the Purchasers hereunder and claims of every nature and description of the Purchasers against such Guarantor, in any currency, whether arising hereunder, under the Purchase Agreement, any other Transaction Document or otherwise, as the Purchasers may elect, whether or not the Purchasers have made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. The Purchasers shall notify such Guarantor promptly of any such set-off and the application made by the Purchasers of the proceeds thereof, provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Purchasers under this Section are in addition to other rights and remedies (including, without limitation, other rights of set-off) which the Purchasers may have.
Appears in 1 contract
Set-Off. Each Guarantor hereby irrevocably authorizes the Purchasers Buyer at any time and from time to time while an Event of Default under any of the Transaction Documents shall have occurred and be continuing, without notice to such Guarantor or any other Guarantor, any such notice being expressly waived by each Guarantor, to set-off and appropriate and apply any and all deposits, credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by the Purchasers Buyer to or for the credit or the account of such Guarantor, or any part thereof in such amounts as the Purchasers Buyer may elect, against and on account of the obligations and liabilities of such Guarantor to the Purchasers Buyer hereunder and claims of every nature and description of the Purchasers Buyer against such Guarantor, in any currency, whether arising hereunder, under the Purchase Agreement, any other Transaction Document or otherwise, as the Purchasers Buyer may elect, whether or not the Purchasers have Buyer has made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. The Purchasers Buyer shall notify such Guarantor and the Agent named in the Security Agreement promptly of any such set-off and the application made by the Purchasers Buyer of the proceeds thereof, provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Purchasers Buyer under this Section are in addition to other rights and rightsand remedies (including, without limitation, other rights of set-off) which the Purchasers Buyer may have.
Appears in 1 contract
Samples: Subsidiary Guarantee (Zerify, Inc.)
Set-Off. Each Guarantor hereby irrevocably authorizes the Purchasers at any time and from time to time while an Event of Default under any of the Transaction Documents shall have occurred and be continuing, without notice to such Guarantor or any other Guarantor, any such notice being expressly waived by each Guarantor, to set-off and appropriate and apply any and all deposits, credits, indebtedness Debt or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by the Purchasers to or for the credit or the account of such Guarantor, or any part thereof in such amounts as the Purchasers may elect, against and on account of the obligations and liabilities of such Guarantor to the Purchasers hereunder and claims of every nature and description of the Purchasers against such Guarantor, in any currency, whether arising hereunder, under the Purchase Agreement, any other Transaction Document or otherwise, as the Purchasers may elect, whether or not the Purchasers have made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. The Purchasers shall notify such Guarantor promptly of any such set-off and the application made by the Purchasers of the proceeds thereof, provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Purchasers under this Section are in addition to other rights and remedies (includingremedies(including, without limitation, other rights of set-off) which the Purchasers may have.
Appears in 1 contract
Set-Off. Each Guarantor hereby irrevocably authorizes the Purchasers at any time and from time to time while an Event of Default under any of the Transaction Documents Purchase Agreements shall have occurred and be continuing, without notice to such Guarantor or any other Guarantor, any such notice being expressly waived by each Guarantor, to set-off and appropriate and apply any and all deposits, credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by the Purchasers to or for the credit or the account of such Guarantor, or any part thereof in such amounts as the Purchasers may elect, against and on account of the obligations and liabilities of such Guarantor to the Purchasers hereunder and claims of every nature and description of the Purchasers against such Guarantor, in any currency, whether arising hereunder, under the Purchase Agreement, any other Transaction Document or otherwise, as the Purchasers may elect, whether or not the Purchasers have made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. The Purchasers shall notify such Guarantor promptly of any such set-off and the application made by the Purchasers of the proceeds thereof, provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Purchasers under this Section are in addition to other rights and remedies (including, without limitation, other rights of set-off) which the Purchasers may have.
Appears in 1 contract
Set-Off. Each The Guarantor hereby irrevocably authorizes the Purchasers Lenders at any time and from time to time while an Event of Default under any of the Transaction Documents shall have occurred and be continuing, without notice to such the Guarantor or any other Guarantorguarantor, any such notice being expressly waived by each the Guarantor, to set-off and appropriate and apply any and all deposits, credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by the Purchasers Lenders to or for the credit or the account of such the Guarantor, or any part thereof in such amounts as the Purchasers Lenders may elect, against and on account of the obligations and liabilities of such the Guarantor to the Purchasers Lenders hereunder and claims of every nature and description of the Purchasers Lenders against such the Guarantor, in any currency, whether arising hereunder, under the Purchase Agreement, any other Transaction Document or otherwise, as the Purchasers Lenders may elect, whether or not the Purchasers Lenders have made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. The Purchasers Lenders shall notify such the Guarantor promptly of any such set-off and the application made by the Purchasers Lenders of the proceeds thereof, provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Purchasers Lenders under this Section are in addition to other rights and remedies (including, without limitation, other rights of set-off) which the Purchasers Lenders may have.
Appears in 1 contract
Samples: Guarantee (New Harvest Capital Corp)
Set-Off. Each Guarantor hereby irrevocably authorizes the Purchasers at any time and from time to time while an Event of Default under any of the Transaction Documents shall have occurred and be continuing, without notice to such Guarantor or any other Guarantor, any such notice being expressly waived by each Guarantor, to set-off and appropriate and apply any and all deposits, credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by the Purchasers to or for the credit or the account of such Guarantor, or any part thereof in such amounts as the Purchasers may elect, against and on account of the obligations and liabilities of such Guarantor to the Purchasers hereunder and claims of every nature and description of the Purchasers against such Guarantor, in any currency, whether arising hereunder, under the Purchase Agreement, any other Transaction Document or otherwise, as the Purchasers may elect, whether or not the Purchasers have made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. The Purchasers shall notify such Guarantor promptly of any such set-off and the application made by the Purchasers of the proceeds thereof, provided PROVIDED that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Purchasers under this Section are in addition to other rights and remedies (includingremedies(including, without limitation, other rights of set-off) which the Purchasers may have.
Appears in 1 contract
Samples: Subsidiary Guarantee (Viragen Inc)
Set-Off. Each Guarantor hereby irrevocably authorizes the Purchasers at any time and from time to time while an Event of Default under any of the Transaction Documents shall have occurred and be continuing, without notice to such Guarantor or any other GuarantorGuarantor (except as set forth below), any such notice being expressly waived by each Guarantor, to set-off and appropriate and apply any and all deposits, credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by the Purchasers to or for the credit or the account of such Guarantor, or any part thereof in such amounts as the Purchasers may elect, against and on account of the obligations and liabilities of such Guarantor to the Purchasers hereunder and claims of every nature and description of the Purchasers against such Guarantor, in any currency, whether arising hereunder, under the Purchase Agreement, any other Transaction Document or otherwise, as the Purchasers may elect, whether or not the Purchasers have made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. The Purchasers shall notify such Guarantor promptly of any such set-off and the application made by the Purchasers of the proceeds thereof, provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Purchasers under this Section are in addition to other rights and remedies (including, without limitation, other rights of set-off) which the Purchasers may have.
Appears in 1 contract
Set-Off. Each Guarantor hereby irrevocably authorizes the Purchasers Purchaser at any time and from time to time while an Event of Default under any of the Transaction Documents Notes shall have occurred and be continuing, without notice to such Guarantor or any other GuarantorGuarantors, any such notice being expressly waived by each Guarantor, to set-off and appropriate and apply any and all deposits, credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by the Purchasers Purchaser to or for the credit or the account of such Guarantor, or any part thereof in such amounts as the Purchasers Purchaser may elect, against and on account of the obligations and liabilities of such Guarantor to the Purchasers Purchaser hereunder and claims of every nature and description of the Purchasers Purchaser against such Guarantor, in any currency, whether arising hereunder, under the Purchase Agreement, any other Transaction Document Notes or otherwise, as the Purchasers Purchaser may elect, whether or not the Purchasers Purchaser have made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. The Purchasers Purchaser shall notify such Guarantor promptly of any such set-off and the application made by the Purchasers Purchaser of the proceeds thereof, provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Purchasers Purchaser under this Section are in addition to other rights and remedies (including, without limitation, other rights of set-off) which the Purchasers Purchaser may have.
Appears in 1 contract
Set-Off. Each Guarantor hereby irrevocably authorizes the Purchasers at any time and from time to time while an Event of Default under any of the Transaction Documents shall have occurred and be continuing, without notice to such Guarantor or any other Guarantor, any such notice being expressly waived by each Guarantor, to set-off and appropriate and apply any and all deposits, credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by the Purchasers to or for the credit or the account of such Guarantor, or any part thereof in such amounts as the Purchasers may elect, against and on account of the obligations and liabilities of such Guarantor to the Purchasers hereunder and claims of every nature and description of the Purchasers against such Guarantor, in any currency, whether arising hereunder, under the Purchase Exchange Agreement, any other Transaction Document or otherwise, as the Purchasers may elect, whether or not the Purchasers have made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. The Purchasers shall notify such Guarantor promptly of any such set-off and the application made by the Purchasers of the proceeds thereof, provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Purchasers under this Section are in addition to other rights and remedies (includingremedies(including, without limitation, other rights of set-off) which the Purchasers may have.
Appears in 1 contract
Samples: Subsidiary Guarantee (Msgi Security Solutions, Inc)
Set-Off. Each Guarantor hereby irrevocably authorizes the Purchasers Vendor at any time and from time to time while an Event of Default under any of the Transaction Documents shall have occurred and or be continuing, without notice to such Guarantor or any other Guarantor, any such notice being expressly waived by each Guarantor, to set-off and appropriate and apply any and all deposits, credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by the Purchasers Vendor to or for the credit or the account of such Guarantor, or any part thereof in such amounts as the Purchasers Vendor may elect, against and on account of the obligations and liabilities of such Guarantor to the Purchasers Vendor hereunder and claims of every nature and description of the Purchasers Vendor against such Guarantor, in any currency, whether arising hereunder, under the Purchase Agreement, any other Transaction Document or otherwise, as the Purchasers Vendor may elect, whether or not the Purchasers Vendor have made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. The Purchasers Vendor shall notify such Guarantor promptly of any such set-off and the application made by the Purchasers Vendor of the proceeds thereof, provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Purchasers Vendor under this Section are in addition to other rights and remedies (including, without limitation, other rights of set-off) which the Purchasers Vendor may have.
Appears in 1 contract
Set-Off. Each Subsidiary Guarantor hereby irrevocably authorizes the Purchasers Lessor at any time and from time to time while an Event of Default a default under any of the Transaction Documents Master Lease shall have occurred and be continuing, without notice to such Subsidiary Guarantor or any other Subsidiary Guarantor, any such notice being expressly waived by each Subsidiary Guarantor, to set-off and appropriate and apply any and all depositsdeposits (general or special, time or demand, provisional or final), in any currency, and any other credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by the Purchasers Lessor to or for the credit or the account of such Subsidiary Guarantor, or any part thereof in such amounts as the Purchasers Lessor may elect, against and on account of the obligations and liabilities of such Subsidiary Guarantor to the Purchasers Lessor hereunder and claims of every nature and description of the Purchasers Lessor against such Subsidiary Guarantor, in any currency, whether arising hereunder, under the Purchase Agreement, any other Transaction Document Master Lease or otherwise, as the Purchasers Lessor may elect, whether or not the Purchasers have Lessor has made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. The Purchasers Lessor shall notify such Subsidiary Guarantor promptly of any such set-off and the application made by the Purchasers Lessor of the proceeds thereof, provided PROVIDED that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Purchasers Lessor under this Section SECTION 3.11 are in addition to other rights and remedies (including, without limitation, other rights of set-off) which the Purchasers Lessor may have.
Appears in 1 contract
Set-Off. Each Guarantor hereby irrevocably authorizes the Purchasers Purchaser at any time and from time to time while an Event of Default under any of the Transaction Documents shall have occurred and be continuing, without notice to such Guarantor or any other Guarantor, any such notice being expressly waived by each Guarantor, to set-off and appropriate and apply any and all deposits, credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by the Purchasers Purchaser to or for the credit or the account of such Guarantor, or any part thereof in such amounts as the Purchasers Purchaser may elect, against and on account of the obligations and liabilities of such Guarantor to the Purchasers Purchaser hereunder and claims of every nature and description of the Purchasers Purchaser against such Guarantor, in any currency, whether arising hereunder, under the Purchase Agreement, any other Transaction Document or otherwise, as the Purchasers Purchaser may elect, whether or not the Purchasers Purchaser have made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. The Purchasers Purchaser shall notify such Guarantor promptly of any such set-off and the application made by the Purchasers Purchaser of the proceeds thereof, provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Purchasers Purchaser under this Section are in addition to other rights and remedies (including, including without limitation, limitation other rights of set-off) which the Purchasers Purchaser may have.. (g)
Appears in 1 contract
Set-Off. Each The Guarantor hereby irrevocably authorizes the Purchasers Purchaser at any time and from time to time while an Event of Default under any of the Transaction Documents Notes shall have occurred and be continuing, without notice to such Guarantor or any other Guarantor, any such notice being expressly waived by each Guarantor, to set-off and appropriate and apply any and all deposits, credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by the Purchasers Purchaser to or for the credit or the account of such Guarantor, or any part thereof in such amounts as the Purchasers Purchaser may elect, against and on account of the obligations and liabilities of such Guarantor to the Purchasers Purchaser hereunder and claims of every nature and description of the Purchasers Purchaser against such Guarantor, in any currency, whether arising hereunder, under the Purchase Agreement, any other Transaction Document Notes or otherwise, as the Purchasers Purchaser may elect, whether or not the Purchasers Purchaser have made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. The Purchasers Purchaser shall notify such Guarantor promptly of any such set-off and the application made by the Purchasers Purchaser of the proceeds thereof, provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Purchasers Purchaser under this Section are in addition to other rights and remedies (including, without limitation, other rights of set-off) which the Purchasers Purchaser may have.
Appears in 1 contract
Set-Off. Each Guarantor hereby irrevocably authorizes the Purchasers Holders at any time and from time to time while an Event of Default under any of the Transaction Documents Notes or Security Agreement shall have occurred and be continuing, without notice to such Guarantor or any other Guarantor, any such notice being expressly waived by each Guarantor, to set-off and appropriate and apply any and all deposits, credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by the Purchasers Holders to or for the credit or the account of such Guarantor, or any part thereof in such amounts as the Purchasers Holders may elect, against and on account of the obligations and liabilities of such Guarantor to the Purchasers Holders hereunder and claims of every nature and description of the Purchasers Holders against such Guarantor, in any currency, whether arising hereunder, under the Purchase Agreement, any other Transaction Document or hereunderor otherwise, as the Purchasers Holders may elect, whether or not the Purchasers Holders have made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. The Purchasers Holders shall notify such Guarantor promptly of any such set-off and the application made by the Purchasers Holders of the proceeds thereof, provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Purchasers Holders under this Section are in addition to other rights and remedies (including, without limitation, other rights of set-off) which the Purchasers Holders may have.
Appears in 1 contract
Set-Off. Each Guarantor hereby irrevocably authorizes the Purchasers Lender at any time and from time to time while an Event of Default under any of the Transaction Documents shall have occurred and be continuing, without notice to such Guarantor or any other Guarantor, any such notice being expressly waived by each Guarantor, to set-off and appropriate and apply any and all deposits, credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by the Purchasers Lender to or for the credit or the account of such Guarantor, or any part thereof in such amounts as the Purchasers Lender may elect, against and on account of the obligations and liabilities of such Guarantor to the Purchasers Lender hereunder and claims of every nature and description of the Purchasers Lender against such Guarantor, in any currency, whether arising hereunder, under the Purchase Bridge Loan Agreement, any other Transaction Document or otherwise, as the Purchasers Lender may elect, whether or not the Purchasers Lender have made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. The Purchasers Lender shall notify such Guarantor promptly of any such set-off and the application made by the Purchasers Lender of the proceeds thereof, provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Purchasers Lender under this Section are in addition to other rights and remedies (including, without limitation, other rights of set-off) which the Purchasers Lender may have.
Appears in 1 contract
Set-Off. Each The Guarantor hereby irrevocably authorizes the Purchasers at any time and from time to time while an Event of Default under any of the Transaction Documents shall have occurred and be continuing, without notice to such Guarantor or any other the Guarantor, any such notice being expressly waived by each the Guarantor, to set-off and appropriate and apply any and all deposits, credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by the Purchasers to or for the credit or the account of such the Guarantor, or any part thereof in such amounts as the Purchasers may elect, against and on account of the obligations and liabilities of such the Guarantor to the Purchasers hereunder and claims of every nature and description of the Purchasers against such the Guarantor, in any currency, whether arising hereunder, under the Purchase Agreement, any other Transaction Document or otherwise, as the Purchasers may elect, whether or not the Purchasers have made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. The Purchasers shall notify such the Guarantor promptly of any such set-off and the application made by the Purchasers of the proceeds thereof, provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Purchasers under this Section are in addition to other rights and remedies (includingremedies(including, without limitation, other rights of set-off) which the Purchasers may have.
Appears in 1 contract
Set-Off. Each Guarantor hereby irrevocably authorizes the Purchasers Purchaser at any time and from time to time while an Event of Default under any of the Transaction Documents shall have occurred and be continuing, without notice to such Guarantor or any other Guarantor, any such notice being expressly waived by each Guarantor, to set-off and appropriate and apply any and all deposits, credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by the Purchasers Purchaser to or for the credit or the account of such Guarantor, or any part thereof in such amounts as the Purchasers Purchaser may elect, against and on account of the obligations and liabilities of such Guarantor to the Purchasers Purchaser hereunder and claims of every nature and description of the Purchasers Purchaser against such Guarantor, in any currency, whether arising hereunder, under the Purchase Agreement, any other Transaction Document or otherwise, as the Purchasers Purchaser may elect, whether or not the Purchasers have Purchaser has made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. The Purchasers Purchaser shall notify such Guarantor promptly of any such set-off and the application made by the Purchasers Purchaser of the proceeds thereof, provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Purchasers Purchaser under this Section are in addition to other rights and remedies (including, without limitation, other rights of set-off) which the Purchasers Purchaser may have.
Appears in 1 contract
Set-Off. Each Guarantor hereby irrevocably authorizes the Purchasers Lender at any time and from time to time while an Event of Default under any of the Transaction Documents shall have occurred and be continuing, without notice to such Guarantor or the Borrower or any other Guarantor, any such notice being expressly waived by each Guarantor, to set-off and appropriate and apply any and all depositsdeposits (general or special, time or demand, provisional or final), in any currency, and any other credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by the Purchasers such party to or for the credit or the account of such Guarantor, or any part thereof in such amounts as the Purchasers Lender may elect, against and on account of the obligations and liabilities of such Guarantor to the Purchasers Lender hereunder and claims of every nature and description of the Purchasers Lender against such Guarantor, in any currency, whether arising hereunder, under the Purchase Working Capital Facility Agreement, any other Transaction Document or otherwise, as the Purchasers Lender may elect, whether or not the Purchasers have Lender has made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. The Purchasers Lender shall notify such Guarantor promptly of any such set-off and the application made by the Purchasers Lender of the proceeds thereof, provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Purchasers Lender under this Section 5.6 are in addition to other rights and remedies (including, without limitation, other rights of set-off) which the Purchasers Lender may have.
Appears in 1 contract
Samples: Share Purchase Agreement (Dasan Zhone Solutions Inc)
Set-Off. Each Guarantor hereby irrevocably authorizes the Purchasers at any time and from time to time while an Event of Default under any of the Transaction Documents shall have occurred and be continuing, without notice to such Guarantor or any other Guarantor, any such notice being expressly waived by each Guarantor, to set-off and off, appropriate and apply any and all deposits, credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by the Purchasers to or for the credit or the account of such Guarantor, or any part thereof in such amounts as the Purchasers may elect, against and on account of the obligations and liabilities of such Guarantor to the Purchasers hereunder and claims of every nature and description of the Purchasers against such Guarantor, in any currency, whether arising hereunder, under the Purchase Agreement, any other Transaction Document or otherwise, as the Purchasers may elect, whether or not the Purchasers have made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. The Purchasers shall notify such Guarantor promptly of any such set-off and the application made by the Purchasers of the proceeds thereof, provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Purchasers under this Section are in addition to other rights and remedies (including, without limitation, other rights of set-off) which the Purchasers may have.
Appears in 1 contract
Set-Off. Each Guarantor hereby irrevocably authorizes the Purchasers at any time and from time to time while an Event of Default under any of the Transaction Documents shall have occurred and be continuing, without notice to such the Guarantor or any other Guarantorguarantor, any such notice being expressly waived by each Guarantor, to set-off and appropriate and apply any and all deposits, credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by the Purchasers to or for the credit or the account of such the Guarantor, or any part thereof in such amounts as the Purchasers may elect, against and on account of the obligations and liabilities of such the Guarantor to the Purchasers hereunder and claims of every nature and description of the Purchasers against such the Guarantor, in any currency, whether arising hereunder, under the Purchase Agreement, any other Transaction Document or otherwisedocument entered into in connection therewith, as the Purchasers may elect, whether or not the Purchasers have made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. The Purchasers shall notify such the Guarantor promptly of any such set-off and the application made by the Purchasers of the proceeds thereof, provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Purchasers under this Section are in addition to other rights and remedies (including, including without limitation, limitation other rights of set-off) which the Purchasers may have.
Appears in 1 contract
Samples: Subsidiary Guarantee (LOCAL Corp)
Set-Off. Each Guarantor hereby irrevocably authorizes the Purchasers at any time and from time to time while an Event of Default under any of the Transaction Documents shall have occurred and be continuing, without notice to such the Guarantor or any other Guarantorguarantor, any such notice being expressly waived by each Guarantor, to set-off and appropriate and apply any and all deposits, credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by the Purchasers to or for the credit or the account of such the Guarantor, or any part thereof in such amounts as the Purchasers may elect, against and on account of the obligations and liabilities of such the Guarantor to the Purchasers hereunder and claims of every nature and description of the Purchasers against such the Guarantor, in any currency, whether arising hereunder, under the Purchase Agreement, any other Transaction Document or otherwise, as the Purchasers may elect, whether or not the Purchasers have made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. The Purchasers shall notify such the Guarantor in writing promptly of any such set-off and the application made by the Purchasers of the proceeds thereof, provided that the failure to give such notice shall not affect the validity of such set-off and applicationapplication so long as the Guarantor is not materially adversely affected by the failure to promptly deliver such notice. The rights of the Purchasers under this Section are in addition to other rights and remedies (including, including without limitation, limitation other rights of set-off) which the Purchasers may have.
Appears in 1 contract
Set-Off. Each Guarantor hereby irrevocably authorizes the Purchasers Lenders at any time and from time to time while an Event of Default under any of the Transaction Documents shall have occurred and be continuing, without notice to such Guarantor or any other Guarantor, any such notice being expressly waived by each Guarantor, to set-off and appropriate and apply any and all deposits, credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by the Purchasers Lenders to or for the credit or the account of such Guarantor, or any part thereof in such amounts as the Purchasers Lenders may elect, against and on account of the obligations and liabilities of such Guarantor to the Purchasers Lenders hereunder and claims of every nature and description of the Purchasers Lenders against such Guarantor, in any currency, whether arising hereunder, under the Purchase Loan Agreement, any other Transaction Document or otherwise, as the Purchasers Lenders may elect, whether or not the Purchasers Lenders have made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. The Purchasers Lenders shall notify such Guarantor promptly of any such set-off and the application made by the Purchasers Lenders of the proceeds thereof, provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Purchasers Lenders under this Section are in addition to other rights and remedies (including, without limitation, other rights of set-off) which the Purchasers Lenders may have.
Appears in 1 contract
Samples: Subsidiary Guarantee (Metalink LTD)
Set-Off. Each Guarantor hereby irrevocably authorizes the Purchasers Lender at any time and from time to time while an Event of Default under any pursuant to Section 10.4 of the Transaction Documents shall have occurred and be continuingCredit Agreement, without prior notice to such Guarantor or any other Guarantor, any such prior notice being expressly waived by each Guarantor, to set-off and appropriate and apply any and all depositsdeposits (general or special, time or demand, provisional or final), in any currency, and any other credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by the Purchasers Lender to or for the credit or the account of such Guarantor, or any part thereof in such amounts as the Purchasers Lender may elect, against and on account of the obligations and liabilities of such Guarantor to the Purchasers Lender hereunder and claims of every nature and description of the Purchasers Lender against such Guarantor, in any currency, whether arising hereunder, under the Purchase Credit Agreement, any other Transaction Loan Document or otherwise, as the Purchasers Lender may elect, whether or not the Purchasers have Lender has made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. The Purchasers Lender shall notify such Guarantor promptly of any such set-off and the application made by the Purchasers Lender of the proceeds thereof, ; provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Purchasers Lender under this Section 4.6 are in addition to any other rights and remedies (including, without limitation, other rights of set-off) which the Purchasers Lender may have.
Appears in 1 contract
Set-Off. Each Guarantor hereby irrevocably authorizes the Purchasers at any time and from time to time while an Event of Default under any of the Transaction Documents shall have occurred and be continuing, without notice to such Guarantor or any other Guarantor, any such notice being expressly waived by each Guarantor, to set-off and appropriate and apply any and all deposits, credits, indebtedness or claims, in any currencycurrency that are , in each case whether direct or indirectabsolute, absolute or contingent, matured or unmaturedand matured, at any time held or owing by the Purchasers to or for the credit or the account of such Guarantor, or any part thereof in such amounts as the Purchasers may elect, against and on account of the obligations and liabilities of such Guarantor to the Purchasers hereunder and claims of every nature and description of the Purchasers against such Guarantor, in any currency, whether arising hereunder, under the Purchase Agreement, any other Transaction Document or otherwise, as the Purchasers may elect, whether or not the Purchasers have made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. The Purchasers shall notify such Guarantor promptly of any such set-off and the application made by the Purchasers of the proceeds thereof, provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Purchasers under this Section are in addition to other rights and remedies (including, without limitation, other rights of set-off) which the Purchasers may have.
Appears in 1 contract
Set-Off. (a) Each payment to be made by the Guarantor hereunder in respect of the Indenture Obligations shall be payable in the currency or currencies in which such Indenture Obligations are denominated, and shall be made without set-off, counterclaim, reduction or diminution of any kind or nature.
(b) Upon the occurrence and during the continuance of any Event of Default, the Guarantor hereby irrevocably authorizes the Purchasers Trustee at any time and from time to time while an Event of Default under any of the Transaction Documents shall have occurred and be continuing, without notice to such Guarantor or any other the Guarantor, any such notice being expressly waived by each the Guarantor, to set-off and appropriate and apply any and all depositsdeposits (general or special, time or demand, provisional or final), in any currency, and any other credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by the Purchasers Trustee to or for the credit or the account of such the Guarantor, or any part thereof in such amounts as the Purchasers Trustee may elect, against and on account of the obligations and liabilities of such the Guarantor to the Purchasers Trustee hereunder and claims of every nature and description of the Purchasers Trustee against such the Guarantor, in any currency, whether arising hereunder, under the Purchase AgreementGuarantee, any other Transaction Document the Notes, this Indenture, or otherwise, as the Purchasers Trustee may elect, whether or not the Purchasers have Trustee has made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. The Purchasers Trustee shall notify such the Guarantor promptly of any such set-off and the application made by the Purchasers of the proceeds thereofTrustee, provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Purchasers Trustee under this Section 11.6(b) are in addition to other rights and remedies (including, without limitation, other rights of set-off) which the Purchasers Trustee may have.
Appears in 1 contract
Set-Off. Each Guarantor hereby irrevocably authorizes the Purchasers at any time and from time to time while an Event of Default under any of the Transaction Documents shall have occurred and be continuing, without notice to such Guarantor or any other Guarantor, any such notice being expressly waived by each Guarantor, to set-off and appropriate and apply any and all deposits, credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by the Purchasers to or for the credit or the account of such Guarantor, or any part thereof in such amounts as the Purchasers may elect, against and on account of the obligations and liabilities of such Guarantor to the Purchasers hereunder and claims of every nature and description of the Purchasers against such Guarantor, in any currency, whether arising hereunder, under the Purchase AgreementAgreements, any other Transaction Document or otherwise, as the Purchasers may elect, whether or not the Purchasers have made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. The Purchasers shall notify such Guarantor promptly of any such set-off and the application made by the Purchasers of the proceeds thereof, provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Purchasers under this Section are in addition to other rights and remedies (includingremedies(including, without limitation, other rights of set-off) which the Purchasers may have.
Appears in 1 contract
Samples: Subsidiary Guarantee (Advanced Cell Technology, Inc.)
Set-Off. Each Guarantor hereby irrevocably authorizes the Purchasers Holder at any time and from time to time while an Event of Default under any of the Transaction Documents shall have occurred and be continuing, without notice to such Guarantor or any other Guarantor, any such notice being expressly waived by each Guarantor, to set-off and appropriate and apply any and all depositsdeposits (general or special, time or demand, provisional or final), in any currency, and any other credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by the Purchasers Holder to or for the credit or the account of such Guarantor, or any part thereof in such amounts as the Purchasers Holder may elect, against and on account of the obligations and liabilities of such Guarantor to the Purchasers Holder hereunder and claims of every nature and description of the Purchasers Holder against such Guarantor, in any currency, whether arising hereunder, under the Purchase Debentures, the Loan Agreement, any other Transaction Loan Document or otherwise, as the Purchasers Holder may elect, whether or not the Purchasers have Holder has made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. The Purchasers Holder shall notify such Guarantor promptly of any such set-off and the application made by the Purchasers Holder of the proceeds thereof, provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Purchasers Holder under this Section are in addition to other rights and remedies (including, without limitation, other rights of set-off) which the Purchasers Holder may have.. 8
Appears in 1 contract