Common use of Without limitation of Section 2 Clause in Contracts

Without limitation of Section 2. 11(a) hereof, each Borrower agrees that, upon and after the occurrence and during the continuance of any Event of Default, the Lender is hereby authorized, at any time and from time to time, without prior notice to any Credit Party, (i) to set off against and to appropriate and apply to the payment of any and all Liabilities any and all amounts which the Lender is obligated to pay over to any Borrower (whether matured or unmatured, and, in the case of deposits, whether general or special, time or demand and however evidenced), and (ii) pending any such action, to the extent necessary, to deposit such amounts with the Lender as Collateral to secure such Liabilities and to dishonor any and all checks and other items drawn against any deposits so held as the Lender in its sole discretion may elect.

Without limitation of Section 2. 11(a9(a) hereof, each the Borrower agrees that, upon and after the occurrence and during the continuance of any Event of Default, the Lender Agent is hereby authorized, at any time and from time to time, without prior written notice to any Credit Partythe Borrower, (i) to set off against and to appropriate and apply to the payment of any and all Liabilities any and all amounts which the Lender is Agent or Lenders are obligated to pay over to any the Borrower (whether matured or unmatured, and, in the case of deposits, whether general or special, time or demand and however evidenced), and (ii) pending any such action, to the extent necessary, to deposit such amounts with the Lender Agent for the benefit of Lenders as Collateral to secure such Liabilities and to dishonor any and all checks and other items drawn against any deposits so held as the Lender Agent in its sole discretion may elect.

Without limitation of Section 2. 11(a) hereof, each the Borrower agrees that, upon and after the occurrence and during the continuance of any Event of Default, the Lender is hereby authorized, at any time and from time to time, without prior notice to any Credit Partythe Borrower, (i) to set off against and to appropriate and apply to the payment of any and all Liabilities any and all amounts which the Lender is obligated to pay over to any the Borrower (whether matured or unmatured, and, in the case of deposits, whether general or special, time or demand and however evidenced), and (ii) pending any such action, to the extent necessary, to deposit such amounts with the Lender as Collateral to secure such Liabilities and to dishonor any and all checks and other items drawn against any deposits so held as the Lender in its sole discretion may elect.

Without limitation of Section 2. 11(a10(a) hereof, each Borrower agrees that, upon and after the occurrence and during the continuance of any Event of Default, the Agent and each Lender is hereby authorized, at any time and from time to time, without prior notice to any Credit Party, (i) to set off against and to appropriate and apply to the payment of any and all Liabilities any and all amounts which the Agent or Lender is obligated to pay over to any Borrower (whether matured or unmatured, and, in the case of deposits, whether general or special, time or demand and however evidenced), and (ii) pending any such action, to the extent necessary, to deposit such amounts with the Lender Agent as Collateral to secure such Liabilities and to dishonor any and all checks and other items drawn against any deposits so held as the Lender Agent in its sole discretion may elect.