Common use of Set-Offs Clause in Contracts

Set-Offs. In addition to any other rights the Lender may have at law or in equity, if any Borrower becomes insolvent howsoever evidenced, or any Event of Default occurs and is continuing, or if Lender deems itself insecure, any indebtedness from the Lender to each Borrower, and any other property of each Borrower held by the Lender, may be set-off and applied towards the payment of the Indebtedness of the Borrower under this Agreement (including, but not limited to all indebtedness evidenced by the Note) to the Lender, including, without limitation, any note payable to the Lender, whether or not such Indebtedness of the Borrower to the Lender on such note or any part thereof shall then be due.

Appears in 2 contracts

Samples: Loan Agreement (Streicher Mobile Fueling Inc), Loan Agreement (Streicher Mobile Fueling Inc)

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Set-Offs. In addition to any other rights the Lender may have at law or in equity, if any Borrower becomes insolvent howsoever evidenced, or any Event of Default occurs and is continuing, or if Lender deems itself insecure, any indebtedness from the Lender to each Borrower, and any other property of each Borrower held by the Lender, may be set-off and applied towards the payment of the Indebtedness of the Borrower under this Agreement (including, but not limited to to, all indebtedness Indebtedness evidenced by the Note) to the Lender, including, without limitation, any note payable to the Lender, whether or not such Indebtedness of the Borrower to the Lender on such note or any part thereof shall then be due.

Appears in 1 contract

Samples: Loan Agreement (Rci Hospitality Holdings, Inc.)

Set-Offs. In addition to any other rights the Lender may have at law or in equity, if any Borrower becomes insolvent howsoever evidenced, or any Event of Default occurs and is continuing, or if Lender deems itself insecure, any indebtedness from the Lender to each Borrowerany Borrower or all Borrowers, and any other property of each any Borrower or all Borrowers held by the Lender, may be set-off and applied towards the payment of the Indebtedness of the Borrower under this Agreement (including, but not limited to all indebtedness Indebtedness evidenced by the NoteNotes) to the Lender, including, without limitation, any note payable to the Lender, whether or not such Indebtedness of the Borrower to the Lender on such note or any part thereof shall then be due.

Appears in 1 contract

Samples: Loan Agreement (Pallet Management Systems Inc)

Set-Offs. In addition to any other rights the Lender may have at law or in equity, if any Borrower becomes insolvent howsoever evidenced, or any Event of Default occurs and is continuing, or if Lender deems itself insecure, any indebtedness from the Lender to each Borrower, and any other property of each Borrower held by the Lender, may be set-off and applied towards the payment of the Indebtedness of the Borrower under this Agreement (including, but not limited to all indebtedness Indebtedness evidenced by the NoteNotes) to the Lender, including, without limitation, any note payable to the Lender, whether or not such Indebtedness of the Borrower to the Lender on such note or any part thereof shall then be due.

Appears in 1 contract

Samples: Loan Agreement (Century Electronics Manufacturing Inc)

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Set-Offs. In addition to any other rights the Lender may have at law or in equity, if any Borrower becomes insolvent insolvent, howsoever evidenced, or any Event of Default occurs and is continuing, or if Lender deems itself insecure, any indebtedness Indebtedness from the Lender to each Borrower, Borrower and any other accounts or property of each Borrower held by the Lender, may be set-off and applied towards the payment of the Indebtedness of the Borrower under this Agreement (including, but not limited to all indebtedness Indebtedness evidenced by the Note) to the Lender, including, without limitation, any note payable to the Lender, whether or not such Indebtedness of the Borrower to the Lender on such note or any part thereof shall then be due.

Appears in 1 contract

Samples: Revolving Loan Agreement (Compscripts Inc)

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