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, each Lender and each holder of any Note is hereby authorized at any time or from time to time, without notice to any Credit Party or to any other Person, any such notice being hereby expressly waived, to set off and to appropriate and to apply any and all balances held by it at any of

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 DefaultDefault and subject to Section 1.7 and Section 9.9(5), each Lender and each holder of any Note is hereby authorized at any time or from time to time, without prior notice to any Credit Party Borrower or to any Person other Personthan Administrative Agent, any such notice being hereby expressly waived, to set off offset and to appropriate and to apply any and all balances held by it at any ofat

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 DefaultDefault and subject to Section 9.8(e), each Lender and each holder of any Note is hereby authorized at any time or from time to timetime upon the direction of Agent, without notice to any Credit Party Borrower or to any other Personperson, any such notice being hereby expressly waived, to set off offset and to appropriate and to apply any and all balances held by it at any ofof its offices for the account of Borrower (regardless of whether such

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 DefaultDefault and subject to Section 9.9(f), each Lender and each holder of any Note is hereby authorized at any time or from time to time, without prior notice to any Credit Party Borrower or to any Person other Personthan Agent, any such notice being hereby expressly waived, to set off offset and to appropriate and to apply any and all balances held by it at any ofto