Common use of Setoff, Etc Clause in Contracts

Setoff, Etc. The Collateral and the rights of the Agent and the Banks with respect to the Collateral are not subject to any setoff, claims, withholdings or other defenses. The Borrower is the owner of the Collateral free from any lien, security interest, encumbrance or other claim or demand, except those encumbrances permitted in the Security Deeds.

Appears in 3 contracts

Samples: Master Revolving Credit Agreement (Ramco Gershenson Properties Trust), Master Revolving Credit Agreement (Ramco Gershenson Properties Trust), Master Revolving Credit Agreement (Ramco Gershenson Properties Trust)

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Setoff, Etc. The Collateral and the Lender's rights of the Agent and the Banks with respect to the Collateral are not subject to any setoff, claims, withholdings or other defenses. The Borrower is the owner of the Collateral free from any lien, security interest, encumbrance or and any other claim or demand, except those encumbrances permitted in the Security Deeds.

Appears in 2 contracts

Samples: Construction Loan and Security Agreement (Griffin Land & Nurseries Inc), Construction Loan and Security Agreement (Griffin Land & Nurseries Inc)

Setoff, Etc. The Collateral and the rights of the Agent and the Banks Lenders with respect to the Collateral are not subject to any setoff, claims, withholdings or other defenses. The Borrower is Borrower, REA and each Guarantor are the owner owners of the their respective Collateral free from any lien, security interest, encumbrance or other claim or demand, except those encumbrances permitted in the Security DeedsMortgages.

Appears in 2 contracts

Samples: Revolving Credit Agreement (American Real Estate Investment Corp), Revolving Credit Agreement (American Real Estate Investment Corp)

Setoff, Etc. The Collateral and the rights of the Agent and the Banks with respect to the Collateral are not subject to any setoff, claims, withholdings or other defenses. The Borrower is Borrowers are the owner owners of the Collateral free from any lien, security interest, encumbrance or other claim or demand, except those encumbrances permitted in the Security DeedsPermitted Liens.

Appears in 1 contract

Samples: Revolving Credit Agreement (Schuler Homes Inc)

Setoff, Etc. The Collateral and the rights of the Collateral Agent and the Banks Lender with respect to the Collateral are not subject to any setoff, claims, withholdings or other defenses. The Borrower is the owner of the Collateral free from any lien, security interest, encumbrance or and, to the knowledge of the Borrower, any other claim or demand, except those encumbrances permitted in the Security Deedsfor Permitted Liens.

Appears in 1 contract

Samples: Credit Agreement (Toymax International Inc)

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Setoff, Etc. The Collateral and the rights of the Agent and the Banks with respect to the Collateral are not subject to any setoff, claims, withholdings or other defenses. The Borrower is the owner of the Collateral free from any lien, security interest, encumbrance or other claim or demand, except those encumbrances permitted for Permitted Liens of the type described in clauses (ii), (vii) or (viii) of the Security Deedsdefinition thereof.

Appears in 1 contract

Samples: Bridge Loan Agreement (Ramco Gershenson Properties Trust)

Setoff, Etc. The Collateral and the rights of the Agent and the Banks Lenders with respect to the Collateral are not subject to any setoff, claims, withholdings or other defenses. The Borrower is Obligors are the owner of the Collateral free from any lien, security interest, encumbrance or and, to the knowledge of the Borrower, any other claim or demand, except those encumbrances permitted in the Security Deedsfor Permitted Liens.

Appears in 1 contract

Samples: Revolving Credit Agreement (Dollar Tree Stores Inc)

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