Common use of Section 4.6.1 Clause in Contracts

Section 4.6.1. Each Lender hereby authorizes the Administrative Agent to set off, net and apply any and all amounts at any time owing to such Lender under any Loan Document, or otherwise payable or distributable by the Administrative Agent to such Lender under any Loan Document with respect to any payment of principal, interest, fees or other amounts, against any amount that the Administrative Agent has demanded to be returned under the preceding clause (a) above.

Appears in 2 contracts

Sources: Credit Agreement and Guaranty (Harrow, Inc.), Credit Agreement (Harrow Health, Inc.)