Common use of Set-Off Generally Clause in Contracts

Set-Off Generally. Upon the occurrence and during the continuance of any Event of Default, the Administrative Agent and each of the Lenders is hereby authorized at any time and from time to time, to the fullest extent permitted by law, to set off and apply any and all deposits (general or special, time or demand, provisional or final) at any time held and other indebtedness at any time owing by the Administrative Agent or any Lender to or for the credit or the account of any Obligor against any and all of the Obligations, whether or not such Person shall have made any demand and although such obligations may be unmatured. Any Person exercising rights of set off hereunder agrees promptly to notify the Borrower after any such set-off and application; provided that the failure to give such notice shall not affect the validity of such set -off and application. The rights of the Administrative Agent and the Lenders under this Section 4.03 are in addition to other rights and remedies (including other rights of set-off) that such Persons may have.

Set-Off Generally. Upon the occurrence and during the continuance of any Event of Default, the Administrative Agent and each of the Lenders is hereby authorized at any time and from time to time, to the fullest extent permitted by law, to set off and apply any and all deposits (general or special, time or demand, provisional or final) at any time held and other indebtedness at any time owing by the Administrative Agent or any Lender to or for the credit or the account of any Obligor against any and all of the Obligations, whether or not such Person shall have made any demand and although such obligations may be unmatured. Any Person exercising rights of set off hereunder agrees promptly to notify the Borrower after any such set-off and application; provided that the failure to give such notice shall not affect the validity of such set -off set-off and application. The rights of the Administrative Agent and the Lenders under this Section 4.03 are in addition to other rights and remedies (including other rights of set-off) that such Persons may have.

Set-Off Generally. Upon the occurrence and during the continuance of any Event of Default, the Administrative Agent Agent, the Lenders and each of the Lenders is their respective Affiliates are hereby authorized at any time and from time to time, to the fullest extent permitted by lawLaw, to set off and apply any and all deposits (general or special, time or demand, provisional or final) at any time held and other indebtedness Indebtedness at any time owing by the Administrative Agent Lenders or any Lender such Affiliates to or for the credit or the account of any Obligor against any and all of the Obligations, whether or not such Person the Lenders shall have made any demand and although such obligations Obligations may be unmatured. Any Person exercising rights of set off hereunder agrees The Lenders agree promptly to notify the Borrower after any such set-off and application; , provided that the failure to give such notice shall not affect the validity of such set -off set-off and application. The rights of the Administrative Agent Lenders and the Lenders their respective Affiliates under this Section 4.03 4.04 are in addition to other rights and remedies (including other rights of set-off) that such Persons the Lenders and their respective Affiliates may have.