Priority of Secured Party’s Security Interest. The Bank subordinates in favor of the Secured Party any interest, lien or right of setoff it may have, now or in the future, against the Account or assets in the Account; provided, however, that, subject to the foregoing, the Bank may set off all amounts due to it in respect of its expenses (including without limitation the payment of any legal fees or expenses).
Appears in 2 contracts
Samples: Account Control Agreement (FS Investment Corp III), Master Agreement (FS Investment Corp III)
Priority of Secured Party’s Security Interest. The Bank subordinates in favor of the Secured Party any security interest, lien or right of setoff it may have, now or in the future, against the Account or assets in the Account; provided, ; however, that, subject to the foregoing, the Bank may set off all amounts due to it in respect of its fees and expenses (including without limitation the payment of any legal fees or expenses)) or any amounts payable pursuant to Section 4 hereof.
Appears in 1 contract
Samples: Aircraft Security Agreement (American Airlines Inc)
Priority of Secured Party’s Security Interest. The Bank subordinates in favor of the Secured Party any security interest, lien or right of setoff it may have, now or in the future, against the Account or assets in the Account; provided, ; however, that, subject to the foregoing, the Bank may set off all amounts due to it in respect of its expenses (including without limitation the payment of any legal fees or and expenses).
Appears in 1 contract
Samples: Aircraft Security Agreement (American Airlines, Inc.)
