Common use of Waiver of Set-Offs Clause in Contracts

Waiver of Set-Offs. The Administrative Agent, each Agent and each Lender hereby specifically waive (i) the right to set-off any funds of any of the Companies in possession of the Administrative Agent, each Agent or any Lender against the obligation of the Companies to the Administrative Agent, each Agent or any Lender pursuant to this Agreement, or (ii) any counterclaim against, security interest in or banker's or other lien on, any of such funds or accounts of the Companies.

Appears in 4 contracts

Samples: Credit and Term Loan Agreement (Tidewater Inc), Revolving Credit and Term Loan Agreement (Tidewater Inc), Term Loan Agreement (Tidewater Inc)

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Waiver of Set-Offs. The Administrative Agent, each Agent and each Lender hereby specifically waive (i) the right to set-off any funds of any of the Companies in possession of the Administrative Agent, each Agent or any Lender against the obligation of the Companies to the Administrative Agent, each Agent or any Lender pursuant to this Agreement, or (ii) any counterclaim against, security interest in or banker's ’s or other lien on, any of such funds or accounts of the Companies.

Appears in 1 contract

Samples: Revolving Credit Agreement (Tidewater Inc)

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Waiver of Set-Offs. The Administrative Agent, each Agent and each ------------------ Lender hereby specifically waive (i) the right to set-off any funds of any of the Companies in possession of the Administrative Agent, each Agent or any Lender against the obligation of the Companies to the Administrative Agent, each Agent or any Lender pursuant to this Agreement, or (ii) any counterclaim against, security interest in or banker's or other lien on, any of such funds or accounts of the Companies.

Appears in 1 contract

Samples: Credit and Term Loan Agreement (Tidewater Inc)

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