Common use of Security Interest and Right of Set-Off Clause in Contracts

Security Interest and Right of Set-Off. The Lender shall have a continuing security interest in, as well as the right to set-off the obligations of the Borrower hereunder against, all funds which the Borrower may maintain on deposit with the Bank (with the exception of funds deposited in the Borrower's accounts in trust for third parties or funds deposited in pension accounts, IRA's, Keogh accounts and All Saver Certificates), and the Lender shall have x xxxn upon and a security interest in all property of the Borrower in the Lender's possession or control which shall secure the Indebtedness of the Borrower to the Lender under this Agreement and the Revolving Note.

Security Interest and Right of Set-Off. The Lender Lenders shall have a continuing security interest in, as well as the right to set-off the obligations of the Borrower hereunder against, all funds which the Borrower may maintain on deposit with the Bank any Lender (with the exception of funds deposited in the Borrower's accounts in trust for third parties or funds deposited in pension accounts, IRA's, Keogh accounts and All Saver Certificates), and the Lender Lenders shall have x xxxn xxxx a lien upon and a security interest in all property of the Borrower in the a Lender's possession or control which shall secure the Indebtedness of the Borrower to the Lender Lenders under this Agreement and the Revolving NoteNotes.

Security Interest and Right of Set-Off. The Lender Bank shall have a continuing security interest in, as well as the right to set-off the obligations of the Borrower Debtor hereunder against, all funds which the Borrower Debtor may maintain on deposit with the Bank (with the exception of funds deposited in the BorrowerDebtor's accounts in trust for third parties or funds deposited in pension accounts, IRA's, Keogh accounts Keogx xxxounts and All Saver CertificatesCertificates or funds which are in accounts which are specifically dedicated to the payment of purses or payroll taxes), and the Lender Bank shall have x xxxn a lien upon and a security interest in all such property of the Borrower Debtor in the LenderBank's possession or control control, which shall secure the Indebtedness of the Borrower to the Lender under this Agreement and the Revolving NoteDebtor.

Security Interest and Right of Set-Off. The Lender Lenders shall have a continuing security interest in, as well as the right to set-off the obligations of the Borrower hereunder against, all funds which the Borrower may maintain on deposit with the Bank (with the exception of funds deposited in the Borrower's accounts in trust for third parties or funds deposited in pension accounts, IRA's, Keogh accounts Keogx xxxounts and All Saver Certificates), and the Lender Lenders shall have x xxxn a lien upon and a security interest in all property of the Borrower in the LenderBank's possession or control which shall secure the Indebtedness of the Borrower to the Lender under this Agreement and the Revolving NoteBorrower.