Common use of Security; Setoff Clause in Contracts

Security; Setoff. Each Guarantor grants to the Lenders, as security for the full and punctual payment and performance of such Guarantor's obligations hereunder, a continuing lien on and security interest in all securities or other property belonging to such Guarantor now or hereafter held by the Lenders or any of their lending affiliates or any Lender acting as a participant under any loan agreement between any Customer and Lenders, and in all deposits and other sums credited by or due from the Lenders or any of their lending affiliates or any Lender acting as a participant under any loan agreement between any Customer and Lenders, to such Guarantor or subject to withdrawal by such Guarantor; and regardless of the adequacy of any collateral or other means of obtaining repayment of the Obligations, each Lender may at any time and without notice to such Guarantor set off the whole or any portion or portions of any or all such deposits and other sums against amounts payable under this Guaranty, whether or not any other person or persons could also withdraw money therefrom.

Security; Setoff. Each Guarantor grants to the LendersLender, as security for the full and punctual payment and performance of such Guarantor's obligations hereunder, a continuing lien on and security interest in all securities or other property belonging to such Guarantor now or hereafter held by the Lenders Lender or any of their its lending affiliates affiliates, or any Lender acting as a participant under any loan agreement between any Customer and LendersLender, and in all deposits and other sums credited by or due from the Lenders Lender or any of their its lending affiliates affiliates, or any Lender acting as a participant under any loan agreement between any Customer and LendersLender, to such Guarantor or subject to withdrawal by such Guarantor; and regardless of the adequacy of any collateral or other means of obtaining repayment of the Obligations, each the Lender may at any time and without notice to such Guarantor set off the whole or any portion or portions of any or all such deposits and other sums against amounts payable under this Guaranty, whether or not any other person or persons could also withdraw money therefrom.