Common use of Additional Security; Right to Set-Off Clause in Contracts

Additional Security; Right to Set-Off. Any deposits or other sums at any time credited or due from the Lenders (including the LC Issuing Banks) and any securities or other property of Borrower in the possession of Administrative Agent may at all times be treated as collateral security for the payment of the Loans and any Notes and all other obligations of Borrower to the Lenders (including the LC Issuing Banks) under this Agreement and the other Credit Facility Documents, and Borrower hereby pledges to Administrative Agent for the benefit of the Lenders (including the LC Issuing Banks) and grants Administrative Agent a security interest in and to all such deposits, sums, securities or other property. Regardless of the adequacy of any other collateral, Administrative Agent may execute or realize on the Lenders’ (including the LC Issuing Banks’) security interest in any such deposits or other sums credited by or due from the Lenders (including the LC Issuing Banks and their respective Affiliates) to Borrower, and may apply any such deposits or other sums to or set them off against Borrower’s obligations to the Lenders (including the LC Issuing Banks and their respective Affiliates) under any Notes and this Agreement at any time after the occurrence and during the continuance of any Event of Default.