Common use of Setoff and Sharing of Payments Clause in Contracts

Setoff and Sharing of Payments. In addition to any rights now or hereafter granted under applicable law and not by way of limitation of any such rights, upon the occurrence and during the continuance of any Event of Default and subject to Section 1.7 and Section 9.9(5), each Lender is hereby authorized at any time or from time to time, without prior notice to Borrower or to any Person other than Administrative Agent, any such notice being hereby expressly waived, to offset and to appropriate and to apply any and all balances held by it at

Appears in 1 contract

Samples: Credit Agreement (Sr Telecom Inc)

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Setoff and Sharing of Payments. In addition to any rights now or hereafter granted under applicable law and not by way of limitation of any such rights, upon the occurrence and during the continuance of any Event of Default and subject to Section 1.7 and Section 9.9(59.9(f), each Lender is hereby authorized at any time or from time to time, without prior notice to any Borrower or to any Person other than Administrative Agent, any such notice being hereby expressly waived, to offset and to appropriate and to apply any and all balances held by it atat any of its offices for the

Appears in 1 contract

Samples: Credit Agreement (Core-Mark Holding Company, Inc.)

Setoff and Sharing of Payments. In addition to any rights now or hereafter granted under applicable law and not by way of limitation of any such rights, upon the occurrence and during the continuance of any Event of Default and subject to Section 1.7 and Section 9.9(59.9(f), each Lender is hereby authorized at any time or from time to time, without prior notice to Borrower or to any Person other than Administrative Agent, any such notice being hereby expressly waived, to offset and to appropriate and to apply any and all balances held by it at,

Appears in 1 contract

Samples: Credit Agreement (Comverge, Inc.)

Setoff and Sharing of Payments. In addition to any rights now or hereafter granted under applicable law and not by way of limitation of any such rights, upon the occurrence and during the continuance of any Event of Default and subject to Section 1.7 and Section 9.9(59.9(f), each Lender is hereby authorized at any time or from time to time, without prior notice to Borrower or to any Person other than Administrative Agent, any such notice being hereby expressly waived, to offset and to appropriate and to apply any and all balances held by it atCredit

Appears in 1 contract

Samples: Credit Agreement (Blount International Inc)

Setoff and Sharing of Payments. In addition to any rights now or hereafter granted under applicable law and not by way of limitation of any such rights, upon the occurrence and during the continuance of any Event of Default and subject to Section 1.7 and Section 9.9(5)Default, each Lender and each holder of any Note is hereby authorized at any time or from time to time, without prior notice to Borrower any Credit Party or to any Person other than Administrative AgentPerson, any such notice being hereby expressly waived, to offset set off and to appropriate and to apply any and all balances held by it atat any of

Appears in 1 contract

Samples: Credit Agreement (Renaissance Cosmetics Inc /De/)

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Setoff and Sharing of Payments. In addition to any rights now or hereafter granted under applicable law and not by way of limitation of any such rights, upon the occurrence and during the continuance of any Event of Default and subject to Section 1.7 and Section 9.9(59.9(f), each Lender is hereby authorized at any time or from time to time, without prior notice to Borrower or to any Person other than Administrative Agent, any such notice being hereby expressly waived, to offset and to appropriate and to apply any and all balances held by it atto

Appears in 1 contract

Samples: Credit Agreement (Solo Cup CO)

Setoff and Sharing of Payments. In addition to any rights now or hereafter granted under applicable law and not by way of limitation of any such rights, upon the occurrence and during the continuance of any Event of Default and subject to Section 1.7 and Section 9.9(59.9(f), each Lender is hereby authorized at any time or from time to time, without prior notice to Borrower or to any Person other than Administrative Agent, any such notice being hereby expressly waived, to offset and to appropriate and to apply any and all balances held by it at(notwithstanding the provisions of Section 362 of the Bankruptcy

Appears in 1 contract

Samples: Credit Agreement (Ames Department Stores Inc)

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