Right of Offset. Any indebtedness owing from Bank to Borrower may be set off and applied by Bank on any indebtedness or liability of Borrower to Bank, at any time and from time to time after maturity, whether by acceleration or otherwise, and without demand or notice to Borrower. Bank may sell participations in or make assignments of any Loan made under this Agreement, and Borrower agrees that any such participant or assignee shall have the same right of setoff as is granted to the Bank herein.
Appears in 25 contracts
Samples: Loan Agreement (Industrial Services of America Inc /Fl), Loan Agreement (Industrial Services of America Inc /Fl), Loan Agreement (Gladstone Capital Corp)
Right of Offset. Any indebtedness owing from Bank to Borrower Borrowers may be set off and applied by Bank on any indebtedness or liability of Borrower Borrowers to Bank, at any time and from time to time after maturity, whether by acceleration or otherwise, and without demand or notice to BorrowerBorrowers. Bank may sell participations in or make assignments of any Loan made under this Agreement, and Borrower agrees Borrowers agree that any such participant or assignee shall have the same right of setoff as is granted to the Bank herein.
Appears in 5 contracts
Samples: Loan Agreement (Synalloy Corp), Loan Agreement (Synalloy Corp), Loan Agreement (Sand Hills, Inc)
Right of Offset. Any indebtedness owing from Bank Lender to Borrower may be set off and applied by Bank Lender on any indebtedness or liability of Borrower to BankLender, at any time and from time to time after maturity, whether by acceleration or otherwise, and without demand or notice to Borrower. Bank may sell participations in or make assignments of any Loan made under this Agreement, and Borrower agrees that any such participant or assignee shall have the same right of setoff as is granted to the Bank herein.
Appears in 3 contracts
Samples: Loan Agreement (Elite Pharmaceuticals Inc /Nv/), Loan Agreement (Elite Pharmaceuticals Inc /Nv/), Loan Agreement (Broad Street Realty, Inc.)
Right of Offset. Any indebtedness owing from Bank to any Borrower may be set off and applied by Bank on any indebtedness or liability of any Borrower to Bank, Bank at any time and from time to time after maturity, whether by acceleration or otherwise, and without demand or notice to Borrower. Bank may sell participations in or make assignments of any Loan made under this Agreement, and Borrower agrees that any such participant or assignee shall have the same right of setoff as is granted to the Bank hereinBorrowers.
Appears in 2 contracts
Samples: Loan Agreement (Command Center, Inc.), Loan Agreement (Command Center, Inc.)
Right of Offset. Any indebtedness owing from Bank to Borrower Borrowers may be set off and applied by Bank on any indebtedness or liability of Borrower Borrowers to Bank, Bank at any time and from time to time after maturity, whether by acceleration or otherwise, and without demand or notice to Borrower. Bank may sell participations in or make assignments of any Loan made under this Agreement, and Borrower agrees that any such participant or assignee shall have the same right of setoff as is granted to the Bank hereinBorrowers.
Appears in 2 contracts
Samples: Loan Agreement (Synalloy Corp), Loan Agreement (Synalloy Corp)
Right of Offset. Any indebtedness owing from Bank to Borrower may be set off and applied by Bank on any indebtedness or liability of Borrower to Bank, at any time and from time to time after maturity, whether by acceleration or otherwise, ; and without demand or notice to Borrower. Bank may sell participations in or make assignments of any Loan made under this Agreement, and Borrower agrees that any such participant or assignee shall have the same right of setoff as is granted to the Bank herein.
Appears in 1 contract
Samples: Loan Agreement (Industrial Services of America Inc /Fl)
Right of Offset. Any indebtedness owing from Bank to Borrower the Borrowers may be set off and applied by Bank on to the repayment of any indebtedness or liability of Borrower the Borrowers to Bank, at any time and from time to time after maturitywhich indebtedness or liability has matured, whether by acceleration or otherwise, and without demand or notice to Borrowerthe Borrowers. Bank may sell participations in or make assignments of any Loan made under this Agreement, and each Borrower agrees that any such participant or assignee shall have the same right of setoff as is granted to the Bank herein.
Appears in 1 contract
Samples: Loan Agreement (Hallwood Group Inc)
Right of Offset. Any indebtedness owing from Bank to Borrower the Borrowers may be set off and applied by Bank on to the repayment of any indebtedness or liability of Borrower the Borrowers to Bank, at any time and from time to time after maturitywhich indebtedness or liability has matured, whether by acceleration or otherwise, and without demand or notice to Borrowerthe Borrowers. Bank may sell participations in or make assignments of any Loan made under this Agreement, and Borrower agrees the Borrowers agree that any such participant or assignee shall have the same right of setoff as is granted to the Bank herein.
Appears in 1 contract
Samples: Loan Agreement (Hallwood Group Inc)
Right of Offset. Any indebtedness owing from Bank to Borrower may be set off and applied by Bank on any indebtedness or liability of Borrower to Bank, at any time and from time to time after maturity, whether by acceleration or otherwise, and without demand or notice to Borrower. Bank may sell participations in or make assignments of any Loan made under this Agreement, and Borrower agrees that any such participant or assignee shall have the same right of setoff as is granted to the Bank herein. 7.09.
Appears in 1 contract
Right of Offset. Any indebtedness owing from Bank to Borrower may be set off and applied by Bank on any indebtedness or liability of Borrower to Bank, at any time and from time to time after maturity, whether by acceleration or otherwise, and without demand or notice to Borrower. Bank may sell participations in or make assignments of any Loan made under this Agreement, Agreement and Borrower agrees that any such participant or assignee shall have the same right of setoff as is granted to the Bank herein.
Appears in 1 contract
Right of Offset. Any indebtedness owing from Bank to Borrower Borrowers may be set off and applied by Bank on any indebtedness or liability of Borrower Borrowers to Bank, at any time and from time to time after maturity, whether by acceleration or otherwise, and without demand or notice to BorrowerBorrowers. Bank may my sell participations in or make assignments of any Loan made under this Agreement, Agreement and each Borrower agrees that any such participant or assignee shall have the same right of setoff as is granted to the Bank herein.. 10.11
Appears in 1 contract
Right of Offset. Any indebtedness owing from Bank to Borrower may be set off and applied by Bank on any indebtedness or liability of Borrower to Bank, at any time and from time to time after maturity, whether by acceleration or otherwise, and without demand or notice to Borrower. Bank may sell participations in or make assignments of any Loan loans made under this Agreement, and Borrower agrees that any such participant or assignee shall have the same right of setoff as is granted to the Bank herein.
Appears in 1 contract
Samples: Loan Agreement (Scansource Inc)
Right of Offset. Any indebtedness owing from Bank to Borrower may be set off and applied by Bank on any indebtedness or liability of Borrower to Bank, at any time and from time to time after maturity, whether by acceleration or otherwise, and without demand or notice to Borrower. Bank may sell participations in or make assignments of any Loan loans made under this Agreement, and Borrower agrees that any such participant or assignee shall have the same right of setoff as is granted to the Bank herein. 8.11.
Appears in 1 contract
Samples: T Loan Agreement (Datametrics Corp)
Right of Offset. Any indebtedness owing from Bank to Borrower may be set off and applied by Bank on any indebtedness or liability of Borrower to Bank, at any time and from time to time after maturity, whether by acceleration or otherwise, and without demand or notice to Borrower. Bank may sell participations in or make assignments of any Loan made under this Agreement, and Borrower agrees that any such participant or assignee shall have the same right of setoff as is granted to the Bank herein. 10.11.
Appears in 1 contract
Samples: T Loan Agreement (Lynch Corp)
Right of Offset. Any indebtedness owing from Bank to Borrower may be set off and applied by Bank on any indebtedness or liability of Borrower to Bank, at any time and from time to time after maturity, whether by acceleration or otherwise, and without demand or notice to Borrower. Bank may sell participations in or make assignments of any Loan made under this Agreement, and Borrower agrees that any such participant or assignee shall have the same right of setoff as is granted to the Bank herein.
Appears in 1 contract
Samples: Security Agreement (Patriot Transportation Holding, Inc.)
Right of Offset. Any indebtedness owing from Bank to Borrower may be set off and applied by Bank on any indebtedness or liability of Borrower to Bank, Bank at any time and from time to time after maturity, whether by acceleration or otherwise, and without demand or notice to Borrower. Bank may sell participations in or make assignments of any Loan made under this Agreement, and Borrower agrees that any such participant or assignee shall have the same right of setoff as is granted to the Bank herein.
Appears in 1 contract
Right of Offset. Any indebtedness owing from Bank to Borrower Borrowers may be set off and applied by Bank on any indebtedness or liability of Borrower Borrowers to Bank, at any time and from time to time after maturity, whether by acceleration or otherwise, and without demand or notice to BorrowerBorrowers. Bank may sell participations in or make assignments of any Loan made under this Agreement, and Borrower agrees Borrowers agree that any such participant or assignee shall have the same right of setoff as is granted to the Bank herein. 10.11.
Appears in 1 contract