Common use of Offset by Borrower Clause in Contracts

Offset by Borrower. Borrower may offset amounts owed to Borrower by any Seller Party under any of the Transaction Documents against any amount owed to Lender by Borrower under this Note, whether or not such amounts are currently due under this Note; provided that any offset to this Note shall be made only after the outstanding balances of first Promissory Note A and then Promissory Note B, dated as of the date hereof and delivered to Lender in connection with the Closing, are reduced to zero.

Offset by Borrower. Borrower may offset amounts owed to Borrower by any Seller Party under any of the Transaction Documents against any amount owed to Lender by Borrower under this Note, whether or not such amounts are currently due under this Note; provided that any offset to this Note shall be made only after the outstanding balances balance of first Promissory Note A and then Promissory Note BA, dated as of the date hereof and delivered to Lender in connection with the Closing, are is reduced to zero.