Common use of Noteholder Setoff Clause in Contracts

Noteholder Setoff. Each Noteholder shall have, to the fullest extent permitted by law and this Guaranty, a right of set-off against any and all credits and any and all other Property of each or all of the Guarantors, now or at any time whatsoever, with or in the possession of, such Noteholder, or anyone acting for such Noteholder, to ensure the full performance of any and all obligations of the Guarantors hereunder.

Appears in 6 contracts

Sources: Joint and Several Guaranty (Smithfield Foods Inc), Joint and Several Guaranty (Smithfield Foods Inc), Joint and Several Guaranty (Smithfield Foods Inc)

Noteholder Setoff. Each Noteholder shall have, to the fullest extent permitted by law and this GuarantyAgreement, a right of set-off against any and all credits and any and all other Property property of each or all of the Guarantors, Guarantor now or at any time whatsoever, with or in the possession of, of such Noteholder, or anyone acting for such Noteholder, to ensure the full performance of any and all obligations of the Guarantors each Guarantor hereunder.

Appears in 3 contracts

Sources: Mortgage, Assignment of Rents and Security Agreement (Spectran Corp), Open End Mortgage, Assignment of Rents and Security Agreement (Spectran Corp), Guaranty Agreement (Kroll O Gara Co)

Noteholder Setoff. Each Noteholder shall have, to the fullest extent permitted by law and this Guaranty, a right of set-off against any and all credits and any and all other Property of each or all property of the GuarantorsGuarantor, now or at any time whatsoever, with or in the possession of, such Noteholder, or anyone acting for such Noteholder, to ensure the full performance of any and all obligations of the Guarantors Guarantor hereunder.

Appears in 1 contract

Sources: Guaranty (Smithfield Foods Inc)

Noteholder Setoff. Each Noteholder shall have, to the fullest extent permitted by law and this Guaranty, a right of set-off against any and all credits and any and all other Property of each or all property of the Guarantors, now or at any time whatsoever, with or in the possession of, such Noteholder, or anyone acting for such Noteholder, to ensure the full performance of any and all obligations of the Guarantors hereunder.

Appears in 1 contract

Sources: Guaranty (C Quential Inc)

Noteholder Setoff. Each Noteholder shall have, to the fullest extent permitted by law and this Subsidiary Guaranty, a right of set-off against any and all credits and any and all other Property property of each or all of the Guarantors, Guarantor now or at any time whatsoever, ,with or in the possession of, of such Noteholder, or anyone acting for such Noteholder, to ensure the full performance of any and all obligations of the Guarantors each Guarantor hereunder.

Appears in 1 contract

Sources: Unconditional Guaranty (Questron Technology Inc)

Noteholder Setoff. Each Noteholder shall have, to the fullest extent permitted by law and this Guaranty, a right of set-off against any and all credits and any and all other Property of each or all of the GuarantorsGuarantor, now or at any time whatsoever, with or in the possession of, such Noteholder, or anyone acting for such Noteholder, to ensure the full performance of any and all obligations of the Guarantors Guarantor hereunder.

Appears in 1 contract

Sources: Guaranty Agreement (Rite Aid Corp)

Noteholder Setoff. Each Noteholder shall have, to the fullest extent permitted by law and this Guaranty, a right of set-off against any and all credits and any and all other Property property of each or all of the Guarantors, now or at any time whatsoever, with or in the possession of, such Noteholder, or anyone acting for such Noteholder, to ensure the full performance of any and all obligations of the Guarantors hereunder.

Appears in 1 contract

Sources: Note Purchase Agreement (Seitel Inc)

Noteholder Setoff. Each Noteholder shall have, to the fullest extent permitted by law and this Unconditional Guaranty, a right of set-off against any and all credits and any and all other Property property of each or all of the Guarantors, Guarantor now or at any time whatsoever, with or in the possession of, of such Noteholder, or anyone acting for such Noteholder, to ensure the full performance of any and all obligations of the Guarantors each Guarantor hereunder.

Appears in 1 contract

Sources: Unconditional Guaranty (Questron Technology Inc)