Common use of Set-Off Clause in Contracts

Set-Off. Each Guarantor hereby irrevocably authorizes the Purchasers at any time and from time to time while an Event of Default under any of the Transaction Documents shall have occurred and be continuing, without notice to such Guarantor or any other Guarantor, any such notice being expressly waived by each Guarantor, to set-off and appropriate and apply any and all deposits, credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by the Purchasers to or for the credit or the account of such Guarantor, or any part thereof in such amounts as the Purchasers may elect, against and on account of the obligations and liabilities of such Guarantor to the Purchasers hereunder and claims of every nature and description of the Purchasers against such Guarantor, in any currency, whether arising hereunder, under the Purchase Agreement, any other Transaction Document or otherwise, as the Purchasers may elect, whether or not the Purchasers have made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. The Purchasers shall notify such Guarantor promptly of any such set-off and the application made by the Purchasers of the proceeds thereof, provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Purchasers under this Section are in addition to other rights and remedies (including, without limitation, other rights of set-off) which the Purchasers may have.

Appears in 140 contracts

Samples: Security Agreement (Legend Oil & Gas, Ltd.), Subsidiary Guarantee (First Choice Healthcare Solutions, Inc.), Security Agreement (Enable Holdings, Inc.)

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Set-Off. Each Guarantor hereby irrevocably authorizes the Purchasers at any time and from time to time while an Event of Default under any of the Transaction Documents shall have occurred and be continuing, without notice to such Guarantor or any other Guarantor, any such notice being expressly waived by each Guarantor, to set-off and appropriate and apply any and all deposits, credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by the Purchasers to or for the credit or the account of such Guarantor, or any part thereof in such amounts as the Purchasers may elect, against and on account of the obligations and liabilities of such Guarantor to the Purchasers hereunder and claims of every nature and description of the Purchasers against such Guarantor, in any currency, whether arising hereunder, under the Purchase Agreement, any other Transaction Document or otherwise, as the Purchasers may elect, whether or not the Purchasers have made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. The Purchasers shall notify such Guarantor promptly of any such set-off and the application made by the Purchasers of the proceeds thereof, provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Purchasers under this Section are in addition to other rights and remedies (includingremedies(including, without limitation, other rights of set-off) which the Purchasers may have.

Appears in 50 contracts

Samples: Subsidiary Guarantee (Gigabeam Corp), Security Agreement (CenterStaging Corp.), Security Agreement (Center for Wound Healing, Inc.)

Set-Off. Each Guarantor hereby irrevocably authorizes the Purchasers Secured Parties at any time and from time to time while an Event of Default under any of the Transaction Documents shall have occurred and be continuing, without notice to such Guarantor or any other Guarantor, any such notice being expressly waived by each Guarantor, to set-off and appropriate and apply any and all deposits, credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by the Purchasers Secured Parties to or for the credit or the account of such Guarantor, or any part thereof in such amounts as the Purchasers Secured Parties may elect, against and on account of the obligations and liabilities of such Guarantor to the Purchasers Secured Parties hereunder and claims of every nature and description of the Purchasers Secured Parties against such Guarantor, in any currency, whether arising hereunder, under the Purchase Agreement, any other Transaction Document or otherwise, as the Purchasers Secured Parties may elect, whether or not the Purchasers Secured Parties have made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. The Purchasers Secured Parties shall notify such Guarantor promptly of any such set-off and the application made by the Purchasers Secured Parties of the proceeds thereof, provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Purchasers Secured Parties under this Section are in addition to other rights and remedies (including, without limitation, other rights of set-off) which the Purchasers Secured Parties may have.

Appears in 8 contracts

Samples: Subsidiary Guarantee (DSG Global Inc.), Subsidiary Guarantee (CannaVEST Corp.), Subsidiary Guarantee (CannaVEST Corp.)

Set-Off. Each Guarantor hereby irrevocably authorizes the Purchasers Purchaser at any time and from time to time while an Event of Default under any of the Transaction Documents shall have occurred and be continuing, without notice to such Guarantor or any other Guarantor, any such notice being expressly waived by each Guarantor, to set-off and appropriate and apply any and all deposits, credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by the Purchasers Purchaser to or for the credit or the account of such Guarantor, or any part thereof in such amounts as the Purchasers Purchaser may elect, against and on account of the obligations and liabilities of such Guarantor to the Purchasers Purchaser hereunder and claims of every nature and description of the Purchasers Purchaser against such Guarantor, in any currency, whether arising hereunder, under the Purchase Agreement, any other Transaction Document or otherwise, as the Purchasers Purchaser may elect, whether or not the Purchasers Purchaser have made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. The Purchasers Purchaser shall notify such Guarantor promptly of any such set-off and the application made by the Purchasers Purchaser of the proceeds thereof, provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Purchasers Purchaser under this Section are in addition to other rights and remedies (including, without limitation, other rights of set-off) which the Purchasers Purchaser may have.

Appears in 6 contracts

Samples: Subsidiary Guarantee (Directview Holdings Inc), Subsidiary Guarantee (Shea Development Corp.), Subsidiary Guarantee (Universal Energy Corp.)

Set-Off. Each Guarantor hereby irrevocably authorizes the Purchasers at any time and from time to time while an Event of Default (as defined in the Notes) under the Notes or a default under any of the Transaction Documents shall have occurred and be continuing, without notice to such Guarantor or any other Guarantor, any such notice being expressly waived by each Guarantor, to set-off and appropriate and apply any and all deposits, credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by the Purchasers to or for the credit or the account of such Guarantor, or any part thereof in such amounts as the Purchasers may elect, against and on account of the obligations and liabilities of such Guarantor to the Purchasers hereunder and claims of every nature and description of the Purchasers against such Guarantor, in any currency, whether arising hereunder, under the Purchase Agreement, any other Transaction Document or otherwise, as the Purchasers may elect, whether or not the Purchasers have made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. The Purchasers shall notify such Guarantor promptly of any such set-off and the application made by the Purchasers of the proceeds thereof, provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Purchasers under this Section are in addition to other rights and remedies (including, without limitation, other rights of set-off) which the Purchasers may have.

Appears in 6 contracts

Samples: Subsidiary Guarantee (Isun, Inc.), Subsidiary Guarantee (Allied Esports Entertainment, Inc.), Subsidiary Guarantee (CENNTRO ELECTRIC GROUP LTD)

Set-Off. Each Guarantor hereby irrevocably authorizes the Purchasers Purchaser at any time and from time to time while an Event of Default under any of the Transaction Documents shall have occurred and be continuing, without notice to such Guarantor or any other Guarantor, any such notice being expressly waived by each Guarantor, to set-off and appropriate and apply any and all deposits, credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by the Purchasers Purchaser to or for the credit or the account of such Guarantor, or any part thereof in such amounts as the Purchasers Purchaser may elect, against and on account of the obligations and liabilities of such Guarantor to the Purchasers Purchaser hereunder and claims of every nature and description of the Purchasers Purchaser against such Guarantor, in any currency, whether arising hereunder, under the Purchase Agreement, any other Transaction Document or otherwise, as the Purchasers Purchaser may elect, whether or not the Purchasers Purchaser have made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. The Purchasers Purchaser shall notify such Guarantor promptly of any such set-off and the application made by the Purchasers Purchaser of the proceeds thereof, provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Purchasers Purchaser under this Section are in addition to other rights and remedies (including, without limitation, other rights of set-off) which that the Purchasers Purchaser may have.

Appears in 4 contracts

Samples: Subsidiary Guarantee (POSITIVEID Corp), Subsidiary Guarantee (POSITIVEID Corp), Subsidiary Guarantee (POSITIVEID Corp)

Set-Off. Each Guarantor hereby irrevocably authorizes the Purchasers Purchaser at any time and from time to time while an Event of Default under any of the Transaction Documents Notes shall have occurred and be continuingcontinuing after giving effect to any applicable cure period, if any, without notice to such Guarantor or any other GuarantorGuarantors, any such notice being expressly waived by each Guarantor, to set-off and appropriate and apply any and all deposits, credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by the Purchasers Purchaser to or for the credit or the account of such Guarantor, or any part thereof in such amounts as the Purchasers Purchaser may elect, against and on account of the obligations and liabilities of such Guarantor to the Purchasers Purchaser hereunder and claims of every nature and description of the Purchasers Purchaser against such Guarantor, in any currency, whether arising hereunder, under the Purchase Agreement, any other Transaction Document Notes or otherwise, as the Purchasers Purchaser may elect, whether or not the Purchasers Purchaser have made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. The Purchasers Purchaser shall notify such Guarantor promptly of any such set-off and the application made by the Purchasers Purchaser of the proceeds thereof, provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Purchasers Purchaser under this Section are in addition to other rights and remedies (including, without limitation, other rights of set-off) which the Purchasers Purchaser may have.

Appears in 4 contracts

Samples: Corporate Guarantee (White River Energy Corp.), Corporate Guarantee (White River Energy Corp.), Corporate Guarantee (White River Energy Corp.)

Set-Off. Each Guarantor hereby irrevocably authorizes the Purchasers Lender at any time and from time to time while an Event of Default under any of the Transaction Documents shall have occurred and be continuing, without notice to such Guarantor or any other Guarantor, any such notice being expressly waived by each Guarantor, to set-off and appropriate and apply any and all deposits, credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by the Purchasers Lender to or for the credit or the account of such Guarantor, or any part thereof in such amounts as the Purchasers Lender may elect, against and on account of the obligations and liabilities of such Guarantor to the Purchasers Lender hereunder and claims of every nature and description of the Purchasers Lender against such Guarantor, in any currency, whether arising hereunder, under the Purchase Loan Agreement, any other Transaction Document or otherwise, as the Purchasers Lender may elect, whether or not the Purchasers have Lender has made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. The Purchasers Lender shall notify such Guarantor promptly of any such set-off and the application made by the Purchasers Lender of the proceeds thereof, provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Purchasers Lender under this Section are in addition to other rights and remedies (including, without limitation, other rights of set-off) which the Purchasers Lender may have.

Appears in 4 contracts

Samples: Guaranty Agreement (Universal Property Development & Acquisition Corp), Guaranty Agreement (Universal Property Development & Acquisition Corp), Subsidiary Guarantee (Universal Property Development & Acquisition Corp)

Set-Off. Each Guarantor hereby irrevocably authorizes the Purchasers Secured Parties at any time and from time to time while an Event of Default under any of the Transaction Documents shall have occurred and be continuing, without notice to such Guarantor or any other Guarantor, any such notice being expressly waived by each Guarantor, to set-off and appropriate and apply any and all deposits, credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmaturedunmetered, at any time held or owing by the Purchasers Secured Parties to or for the credit or the account of such Guarantor, or any part thereof in such amounts as the Purchasers Secured Parties may elect, against and on account of the obligations and liabilities of such Guarantor to the Purchasers Secured Parties hereunder and claims of every nature and description of the Purchasers Secured Parties against such Guarantor, in any currency, whether arising hereunder, under the Purchase Agreement, any other Transaction Document or otherwise, as the Purchasers Secured Parties may elect, whether or not the Purchasers Secured Parties have made any demand for payment and although such obligations, liabilities and claims may be contingent or unmaturedunmetered. The Purchasers Secured Parties shall notify such Guarantor promptly of any such set-off and the application made by the Purchasers Secured Parties of the proceeds thereof, provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Purchasers Secured Parties under this Section are in addition to other rights and remedies (including, without limitation, other rights of set-off) which the Purchasers Secured Parties may have.

Appears in 4 contracts

Samples: Subsidiary Guarantee (Helix TCS, Inc.), Subsidiary Guarantee (Oroplata Resources, Inc.), Subsidiary Guarantee (Cardax, Inc.)

Set-Off. Each Guarantor hereby irrevocably authorizes the Purchasers at In addition to any time and from time to time while an Event of Default rights now or hereafter granted under any of the Transaction other Guarantied Documents shall have occurred or Applicable Law and be continuingnot by way of limitation of any such rights, each Guarantor hereby authorizes each Guarantied Party, each Affiliate of a Guarantied Party, and each Participant (but not Affiliates of such Participant) at any time during the continuance of an Event of Default, without any prior notice to such Guarantor or to any other GuarantorPerson, any such notice being hereby expressly waived waived, but in the case of a Guarantied Party (other than the Administrative Agent), an Affiliate of a Guarantied Party (other than the Administrative Agent), or a Participant (but not Affiliates of a Participant) subject to receipt of the prior written consent of the Administrative Agent exercised in its sole discretion to the fullest extent permitted by each Guarantorlaw, to set-set off and to appropriate and to apply any and all depositsdeposits (general or special, creditsincluding, but not limited to, indebtedness or claimsevidenced by certificates of deposit, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, ) and any other indebtedness at any time held or owing by the Purchasers a Guarantied Party, an Affiliate of a Guarantied Party, or such Participant (but not Affiliates of such Participant) to or for the credit or the account of such Guarantor, or any part thereof in such amounts as the Purchasers may elect, Guarantor against and on account of the obligations and liabilities of such Guarantor to the Purchasers hereunder and claims of every nature and description any of the Purchasers against such GuarantorGuarantied Obligations, in any currency, whether arising hereunder, under the Purchase Agreement, any other Transaction Document or otherwise, as the Purchasers may elect, whether or not the Purchasers have made any demand for payment and although such obligations, liabilities and claims may obligations shall be contingent or unmatured. The Purchasers shall notify Each Guarantor agrees, to the fullest extent permitted by Applicable Law, that any Participant may exercise rights of setoff or counterclaim and other rights with respect to its participation as fully as if such Participant were a direct creditor of such Guarantor promptly in the amount of such participation. Each Lender agrees to notify the Borrower and such Guarantor after any such set-set off and the application made by the Purchasers of the proceeds thereofsuch Lender; provided, provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Purchasers under this Section are in addition to other rights and remedies (including, without limitation, other rights of set-set off) which the Purchasers may have.

Appears in 3 contracts

Samples: Credit Agreement (DiamondRock Hospitality Co), Term Loan Agreement (DiamondRock Hospitality Co), Term Loan Agreement (DiamondRock Hospitality Co)

Set-Off. Each Guarantor hereby irrevocably authorizes the Purchasers Secured Parties at any time and from time to time while an Event of Default under any of the Transaction Documents shall have occurred and be continuing, without notice to such Guarantor or any other Guarantor, any such notice being expressly waived by each Guarantor, to set-off and appropriate and apply any and all deposits, credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by the Purchasers Secured Parties to or for the credit or the account of such Guarantor, or any part thereof in such amounts as the Purchasers Secured Parties may elect, against and on account of the obligations and liabilities of such Guarantor to the Purchasers Secured Parties hereunder and claims of every nature and description of the Purchasers Secured Parties against such Guarantor, in any currency, whether arising hereunder, under the Purchase Agreement, any other Transaction Document or otherwise, as the Purchasers Secured Parties may elect, whether or not the Purchasers Secured Parties have made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. The Purchasers Secured Parties shall notify such Guarantor promptly of any such set-off and the application made by the Purchasers any Secured Party of the proceeds thereof, provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Purchasers Secured Parties under this Section are in addition to other rights and remedies (including, without limitation, other rights of set-off) which the Purchasers Secured Parties may have.

Appears in 3 contracts

Samples: Subsidiary Guarantee (LiveXLive Media, Inc.), Subsidiary Guarantee (LiveXLive Media, Inc.), Subsidiary Guarantee (JRjr33, Inc.)

Set-Off. Each Guarantor hereby irrevocably authorizes the Purchasers at any time and from time to time while an Event of Default under any of the Transaction Documents shall have occurred and be continuing, without notice to such Guarantor or any other Guarantor, any such notice being expressly waived by each Guarantor, to set-off and appropriate and apply any and all deposits, credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by the Purchasers to or for the credit or the account of such Guarantor, or any part thereof in such amounts as the Purchasers may elect, against and on account of the obligations and liabilities of such Guarantor to the Purchasers hereunder and claims of every nature and description of the Purchasers against such Guarantor, in any currency, whether arising hereunder, under the Purchase Agreement, any other Transaction Document or otherwise, as the Purchasers may elect, whether or not the Purchasers have made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. The Purchasers shall notify such Guarantor promptly of any such set-off and the application made by the Purchasers of the proceeds thereof, provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Purchasers under this Section are in addition to other rights and remedies (including, without limitation, other rights of set-off) which the Purchasers may have.and

Appears in 3 contracts

Samples: Subsidiary Guarantee (T3 Motion, Inc.), Subsidiary Guarantee (T3 Motion, Inc.), Subsidiary Guarantee (T3 Motion, Inc.)

Set-Off. Each The Guarantor hereby irrevocably authorizes the Purchasers Purchaser at any time and from time to time while an Event of Default under any of the Transaction Documents Agreements shall have occurred and be continuing, without notice to such Guarantor or any other the Guarantor, any such notice being expressly waived by each the Guarantor, to set-off and appropriate and apply any and all deposits, credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by the Purchasers Purchaser to or for the credit or the account of such the Guarantor, or any part thereof in such amounts as the Purchasers Purchaser may elect, against and on account of the obligations and liabilities of such the Guarantor to the Purchasers Purchaser hereunder and claims of every nature and description of the Purchasers Purchaser against such the Guarantor, in any currency, whether arising hereunder, under the Purchase Agreement, any other Transaction Document of the Agreements or otherwise, as the Purchasers Purchaser may elect, whether or not the Purchasers have Purchaser has made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. The Purchasers Purchaser shall notify such the Guarantor promptly of any such set-off and the application made by the Purchasers Purchaser of the proceeds thereof, provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Purchasers Purchaser under this Section are in addition to other rights and remedies (including, without limitation, other rights of set-off) which the Purchasers Purchaser may have.

Appears in 3 contracts

Samples: Parent Guarantee (Polymet Mining Corp), Security Agreement (Polymet Mining Corp), Parent Guarantee (Glencore Holding Ag)

Set-Off. Each Guarantor hereby irrevocably authorizes the Purchasers Holder at any time and from time to time while an Event of Default under any of the Transaction Documents shall have occurred and be continuing, without notice to such Guarantor or any other Guarantor, any such notice being expressly waived by each Guarantor, to set-off and appropriate and apply any and all depositsdeposits (general or special, time or demand, provisional or final), in any currency, and any other credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by the Purchasers Holder to or for the credit or the account of such Guarantor, or any part thereof in such amounts as the Purchasers Holder may elect, against and on account of the obligations and liabilities of such Guarantor to the Purchasers Holder hereunder and claims of every nature and description of the Purchasers Holder against such Guarantor, in any currency, whether arising hereunder, under the Purchase Debentures, the Loan Agreement, any other Transaction Loan Document or otherwise, as the Purchasers Holder may elect, whether or not the Purchasers have Holder has made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. The Purchasers Holder shall notify such Guarantor promptly of any such set-off and the application made by the Purchasers Holder of the proceeds thereof, provided PROVIDED that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Purchasers Holder under this Section are in addition to other rights and remedies (including, without limitation, other rights of set-off) which the Purchasers Holder may have.

Appears in 3 contracts

Samples: Assumption Agreement (Digital Recorders Inc), Assumption Agreement (Cover All Technologies Inc), Assumption Agreement (Cover All Technologies Inc)

Set-Off. Each Guarantor hereby irrevocably authorizes the Purchasers Holders at any time and from time to time while an Event of Default under any of the Transaction Documents shall have occurred and be continuing, without notice to such Guarantor or any other Guarantorguarantor of the Obligations, any such notice being expressly waived by each Guarantor, to set-off and appropriate and apply any and all depositsdeposits (general or special, time or demand, provisional or final), in any currency, and any other credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by the Purchasers Holders to or for the credit or the account of such Guarantor, or any part thereof in such amounts as the Purchasers Holders may elect, against and on account of the obligations and liabilities of such Guarantor to the Purchasers Holders hereunder and claims of every nature and description of the Purchasers Holders against such Guarantor, in any currency, whether arising hereunder, under the Purchase AgreementNotes, any of the other Transaction Document Agreements or otherwise, as the Purchasers Holders may elect, whether or not the Purchasers Holders have made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. The Purchasers Holders shall notify such Guarantor promptly of any such set-off and the application made by the Purchasers Holders of the proceeds thereof, provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Purchasers Holders under this Section are in addition to other rights and remedies (including, without limitation, other rights of set-off) which the Purchasers Holders may have.

Appears in 3 contracts

Samples: Subsidiary Guaranty (Nexmed Inc), Subsidiary Guaranty (Nexmed Inc), Nexmed Inc

Set-Off. Each Guarantor hereby irrevocably authorizes the Purchasers Purchaser at any time and from time to time while an Event of Default under any of the Transaction Documents shall have occurred and be continuing, without notice to such Guarantor or any other Guarantor, any such notice being expressly waived by each Guarantor, to set-off and appropriate and apply any and all deposits, credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by the Purchasers Purchaser to or for the credit or the account of such Guarantor, or any part thereof in such amounts as the Purchasers Purchaser may elect, against and on account of the obligations and liabilities of such Guarantor to the Purchasers Purchaser hereunder and claims of every nature and description of the Purchasers Purchaser against such Guarantor, in any currency, whether arising hereunder, under the Note Purchase Agreement, any other Transaction Document or otherwise, as the Purchasers Purchaser may elect, whether or not the Purchasers Purchaser have made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. The Purchasers Purchaser shall notify such Guarantor promptly of any such set-off and the application made by the Purchasers Purchaser of the proceeds thereof, provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Purchasers Purchaser under this Section are in addition to other rights and remedies (including, without limitation, other rights of set-off) which the Purchasers Purchaser may have.

Appears in 2 contracts

Samples: Guaranty Agreement (Youngevity International, Inc.), Guaranty Agreement (Youngevity International, Inc.)

Set-Off. Each Guarantor hereby irrevocably authorizes the Purchasers at any time and from time to time while an Event of Default under any of the Transaction Documents shall have occurred and be continuing, without notice to such Guarantor or any other Guarantor, any such notice being expressly waived by each Guarantor, to set-off and appropriate and apply any and all deposits, credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by the Purchasers to or for the credit or the account of such Guarantor, or any part thereof in such amounts as the Purchasers may elect, against and on account of the obligations and liabilities of such Guarantor to the Purchasers hereunder and claims of every nature and description of the Purchasers against such Guarantor, in any currency, whether arising hereunder, under the Purchase Agreement, any other Transaction Document or otherwise, as the Purchasers may elect, whether or not the Purchasers have made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. The Purchasers shall notify such Guarantor promptly of any such set-off and the application made by the Purchasers of the proceeds thereof, provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Purchasers under this Section are in addition to other rights and remedies (including, without limitation, other rights of set-off) which the Purchasers may have.

Appears in 2 contracts

Samples: Subsidiary Guarantee (Dyadic International Inc), Subsidiary Guarantee (Fathom Holdings Inc.)

Set-Off. Each Guarantor hereby irrevocably authorizes the Purchasers at any time and from time to time while an Event of Default under any of the Transaction Documents shall have occurred and be continuing, without upon at least five (5) days notice to such Guarantor or any other Guarantor, any such notice being expressly waived by each Guarantor, Guarantor to set-off and appropriate and apply any and all deposits, credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by the Purchasers to or for the credit or the account of such Guarantor, or any part thereof in such amounts as the Purchasers may elect, against and on account of the obligations and liabilities of such Guarantor to the Purchasers hereunder and claims of every nature and description of the Purchasers against such Guarantor, in any currency, whether arising hereunder, under the Purchase Agreement, any other Transaction Document or otherwise, as the Purchasers may elect, whether or not the Purchasers have made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. The Thereafter, the Purchasers shall notify such Guarantor promptly of any such set-off and the application made by the Purchasers of the proceeds thereof, provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Purchasers under this Section are in addition to other rights and remedies (including, without limitation, other rights of set-off) which the Purchasers may have.

Appears in 2 contracts

Samples: Subsidiary Guarantee (Xenomics Inc), Cdknet Com Inc

Set-Off. Each Guarantor hereby irrevocably authorizes the Purchasers at any time and from time to time while an Event of Default under any of the Transaction Documents shall have occurred and be continuing, without notice to such Guarantor or any other Guarantor, any such notice being expressly waived by each Guarantor, to set-off and appropriate and apply any and all deposits, credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by the Purchasers to or for the credit or the account of such Guarantor, or any part thereof in such amounts as the Purchasers may elect, against and on account of the obligations and liabilities of such Guarantor to the Purchasers hereunder and claims of every nature and description of the Purchasers against such Guarantor, in any currency, whether arising hereunder, under the Purchase Agreement, Exchange Agreement and any other Transaction Document or otherwise, as the Purchasers may elect, whether or not the Purchasers have made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. The Purchasers shall notify such Guarantor promptly of any such set-off and the application made by the Purchasers of the proceeds thereof, provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Purchasers under this Section are in addition to other rights and remedies (including, without limitation, other rights of set-off) which the Purchasers may have.

Appears in 2 contracts

Samples: Subsidiary Guarantee (Rennova Health, Inc.), Subsidiary Guarantee (Rennova Health, Inc.)

Set-Off. Each Guarantor hereby irrevocably authorizes the Purchasers Lenders at any time and from time to time while an Event of Default under any of the Transaction Documents shall have occurred and be continuing, without notice to such Guarantor or any other Guarantor, any such notice being expressly waived by each Guarantor, to set-off and appropriate and apply any and all depositsdeposits (general or special, time or demand, provisional or final), in any currency, and any other credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by the Purchasers Lenders to or for the credit or the account of such Guarantor, or any part thereof in such amounts as the Purchasers Lenders may elect, against and on account of the obligations and liabilities of such Guarantor to the Purchasers Lenders hereunder and claims of every nature and description of the Purchasers Lenders against such Guarantor, in any currency, whether arising hereunder, under the Purchase Loan Agreement, any other Transaction Loan Document or otherwise, as the Purchasers Lenders may elect, whether or not the Purchasers Lenders have made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. The Purchasers Lenders shall notify such Guarantor promptly of any such set-off and the application made by the Purchasers Lenders of the proceeds thereof, provided PROVIDED that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Purchasers Lenders under this Section are in addition to other rights and remedies (including, without limitation, other rights of set-off) which the Purchasers Lenders may have.

Appears in 2 contracts

Samples: Assumption Agreement (Anc Rental Corp), Appliedtheory Corp

Set-Off. Each Guarantor hereby irrevocably authorizes the Purchasers Purchaser at any time and from time to time while an Event of Default under any of the Transaction Documents shall have occurred and be continuing, without notice to such the Guarantor or any other Guarantorguarantor, any such notice being expressly waived by each Guarantor, to set-off and appropriate and apply any and all deposits, credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by the Purchasers Purchaser to or for the credit or the account of such the Guarantor, or any part thereof in such amounts as the Purchasers Purchaser may elect, against and on account of the obligations and liabilities of such the Guarantor to the Purchasers Purchaser hereunder and claims of every nature and description of the Purchasers Purchaser against such the Guarantor, in any currency, whether arising hereunder, under the Purchase Agreement, any other Transaction Document or otherwise, as the Purchasers Purchaser may elect, whether or not the Purchasers Purchaser have made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. The Purchasers Purchaser shall notify such the Guarantor promptly of any such set-off and the application made by the Purchasers Purchaser of the proceeds thereof, provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Purchasers Purchaser under this Section are in addition to other rights and remedies (including, including without limitation, limitation other rights of set-off) which the Purchasers Purchaser may have.

Appears in 2 contracts

Samples: Subsidiary Guarantee (IdeaEdge, Inc), Subsidiary Guarantee (International Stem Cell CORP)

Set-Off. Each Guarantor hereby irrevocably authorizes the Purchasers Subscribers at any time and from time to time while an Event of Default under any of the Transaction Documents shall have occurred and be continuing, without notice to such Guarantor or any other Guarantor, any such notice being expressly waived by each Guarantor, to set-off and appropriate and apply any and all deposits, credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by the Purchasers Subscribers to or for the credit or the account of such Guarantor, or any part thereof in such amounts as the Purchasers Subscribers may elect, against and on account of the obligations and liabilities of such Guarantor to the Purchasers Subscribers hereunder and claims of every nature and description of the Purchasers Subscribers against such Guarantor, in any currency, whether arising hereunder, under the Purchase Agreement, any other Transaction Document or otherwise, as the Purchasers Subscribers may elect, whether or not the Purchasers Subscribers have made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. The Purchasers Subscribers shall notify such Guarantor promptly of any such set-off and the application made by the Purchasers Subscribers of the proceeds thereof, provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Purchasers Subscribers under this Section are in addition to other rights and remedies (includingremedies(including, without limitation, other rights of set-off) which the Purchasers Subscribers may have.

Appears in 2 contracts

Samples: Subsidiary Guarantee (Oxford Media, Inc.), Subsidiary Guarantee (Oxford Media, Inc.)

Set-Off. Each Guarantor hereby irrevocably authorizes the Purchasers Note Holders at any time and from time to time while an Event of Default under any of the Transaction Note Documents shall have occurred and be continuing, without notice to such Guarantor or any other Guarantor, any such notice being expressly waived by each Guarantor, to set-off and appropriate and apply any and all deposits, credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by the Purchasers Note Holders to or for the credit or the account of such Guarantor, or any part thereof in such amounts as the Purchasers Note Holders may elect, against and on account of the obligations and liabilities of such Guarantor to the Purchasers Note Holders hereunder and claims of every nature and description of the Purchasers Note Holders against such Guarantor, in any currency, whether arising hereunder, under the Securities Purchase Agreement, the Note, any other Transaction Note Document or otherwise, as the Purchasers Note Holders may elect, whether or not the Purchasers Note Holders have made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. The Purchasers Note Holders shall notify such Guarantor promptly of any such set-off and the application made by the Purchasers Note Holders of the proceeds thereof, provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Purchasers Note Holders under this Section are in addition to other rights and remedies (including, without limitation, other rights of set-off) which the Purchasers Note Holders may have.

Appears in 2 contracts

Samples: Subsidiary Guarantee (Oramed Pharmaceuticals Inc.), Subsidiary Guarantee (Scilex Holding Co)

Set-Off. Each Guarantor hereby irrevocably authorizes the Purchasers Lender at any time and from time to time while an Event of Default under any of the Transaction Documents shall have occurred and be continuing, without notice to such Guarantor or any other Guarantor, any such notice being expressly waived by each Guarantor, to set-off and appropriate and apply any and all deposits, credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by the Purchasers Lender to or for the credit or the account of such Guarantor, or any part thereof in such amounts as the Purchasers Lender may elect, against and on account of the obligations and liabilities of such Guarantor to the Purchasers Lender hereunder and claims of every nature and description of the Purchasers Lender against such Guarantor, in any currency, whether arising hereunder, under the Purchase Agreement, any other Transaction Document or otherwise, as the Purchasers Lender may elect, whether or not the Purchasers Lender have made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. The Purchasers Lender shall notify such Guarantor promptly of any such set-off and the application made by the Purchasers Lender of the proceeds thereof, provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Purchasers Lender under this Section are in addition to other rights and remedies (including, without limitation, other rights of set-off) which the Purchasers Lender may have.

Appears in 2 contracts

Samples: Subsidiary Guarantee (ASTROTECH Corp), Subsidiary Guarantee (ASTROTECH Corp)

Set-Off. Each Guarantor hereby irrevocably authorizes the Purchasers at any time and from time to time while an Event of Default under any of the Transaction Documents shall have occurred and be continuing, without notice to such Guarantor or any other Guarantor, any such notice being expressly waived by each Guarantor, to set-off and appropriate and apply any and all deposits, credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by the any Purchasers to or for the credit or the account of such Guarantor, or any part thereof in such amounts as the Purchasers such Purchaser may elect, against and on account of the obligations and liabilities of such Guarantor to the such Purchasers hereunder and claims of every nature and description of the Purchasers such Purchaser against such Guarantor, in any currency, whether arising hereunder, under the Purchase Agreement, any other Transaction Document or otherwise, as the Purchasers Purchaser may elect, whether or not the Purchasers such Purchaser have made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. The Purchasers A Purchaser shall notify such Guarantor promptly of any such set-off and the application made by the Purchasers such Purchaser of the proceeds thereof, provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Purchasers under this Section are in addition to other rights and remedies (including, without limitation, other rights of set-off) which the Purchasers any Purchaser may have.

Appears in 2 contracts

Samples: Subsidiary Guarantee (ICP Solar Technologies Inc.), Subsidiary Guarantee (ICP Solar Technologies Inc.)

Set-Off. Each Guarantor hereby irrevocably authorizes the Purchasers Purchaser at any time and from time to time while an Event of Default under any of the Transaction Documents shall have occurred and be continuing, without notice to such the Guarantor or any other Guarantorguarantor, any such notice being expressly waived by each Guarantor, to set-off and appropriate and apply any and all deposits, credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by the Purchasers Purchaser to or for the credit or the account of such the Guarantor, or any part thereof in such amounts as the Purchasers Purchaser may elect, against and on account of the obligations and liabilities of such the Guarantor to the Purchasers Purchaser hereunder and claims of every nature and description of the Purchasers Purchaser against such the Guarantor, in any currency, whether arising hereunder, under the Purchase Agreement, any other Transaction Document or otherwise, as the Purchasers Purchaser may elect, whether or not the Purchasers Purchaser have made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. The Purchasers Purchaser shall notify such the Guarantor in writing promptly of any such set-off and the application made by the Purchasers Purchaser of the proceeds thereof, provided that the failure to give such notice shall not affect the validity of such set-off and applicationapplication so long as the Guarantor is not materially adversely affected by the failure to promptly deliver such notice. The rights of the Purchasers Purchaser under this Section are in addition to other rights and remedies (including, including without limitation, limitation other rights of set-off) which the Purchasers Purchaser may have.

Appears in 2 contracts

Samples: Subsidiary Guarantee (Adamis Pharmaceuticals Corp), Subsidiary Guarantee (Adamis Pharmaceuticals Corp)

Set-Off. Each Guarantor hereby irrevocably authorizes the Purchasers at any time and from time to time while an Event of Default under any of the Transaction Documents shall have occurred and be continuing, without notice to such Guarantor or any other Guarantor, any such notice being expressly waived by each Guarantor, to set-off and appropriate and apply any and all deposits, credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by the Purchasers to or for the credit or the account of such Guarantor, or any part thereof in such amounts as the Purchasers may elect, against and on account of the obligations and liabilities of such Guarantor to the Purchasers hereunder and claims of every nature and description of the Purchasers against such Guarantor, in any currency, whether arising hereunder, under the Purchase Subscription Agreement, any other Transaction Document or otherwise, as the Purchasers may elect, whether or not the Purchasers have made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. The Purchasers shall notify such Guarantor promptly of any such set-off and the application made by the Purchasers of the proceeds thereof, provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Purchasers under this Section are in addition to other rights and remedies (including, without limitation, other rights of set-off) which the Purchasers may have.

Appears in 2 contracts

Samples: Subsidiary Guarantee (Magnolia Solar Corp), Subsidiary Guarantee (Technoconcepts, Inc.)

Set-Off. Each Guarantor hereby irrevocably authorizes the Purchasers Holders at any time and from time to time while an Event of Default under any of the Transaction Documents Debentures or the Pledge Agreement shall have occurred and be continuing, without notice to such Guarantor or any other Guarantor, any such notice being expressly waived by each Guarantor, to set-off and appropriate and apply any and all deposits, credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held by or owing by to the Purchasers Holders to or for the credit or the account of such Guarantor, or any part thereof in such amounts as the Purchasers Holders may elect, against and on account of the obligations and liabilities of such Guarantor to the Purchasers Holders hereunder and claims of every nature and description of the Purchasers Holders against such Guarantor, in any currency, whether arising hereunder, under the Purchase Agreement, any other Transaction Document Debentures or otherwise, as the Purchasers Holders may elect, whether or not the Purchasers Holders have made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. The Purchasers Holders shall notify such Guarantor promptly of any such set-off and the application made by the Purchasers Holders of the proceeds thereof, provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Purchasers Holders under this Section are in addition to other rights and remedies (including, without limitation, other rights of set-off) which the Purchasers Holders may have.

Appears in 1 contract

Samples: Subsidiary Guarantee (Accentia Biopharmaceuticals Inc)

Set-Off. Each Guarantor hereby irrevocably authorizes the Purchasers Buyer at any time and from time to time while an Event of Default under any of the Transaction Documents shall have occurred and be continuing, without notice to such Guarantor or any other Guarantor, any such notice being expressly waived by each Guarantor, to set-off and appropriate and apply any and all deposits, credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by the Purchasers Buyer to or for the credit or the account of such Guarantor, or any part thereof in such amounts as the Purchasers Buyer may elect, against and on account of the obligations and liabilities of such Guarantor to the Purchasers Buyer hereunder and claims of every nature and description of the Purchasers Buyer against such Guarantor, in any currency, whether arising hereunder, under the Purchase Agreement, any other Transaction Document or otherwise, as the Purchasers Buyer may elect, whether or not the Purchasers have Buyer has made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. The Purchasers Buyer shall notify such Guarantor and the Agent named in the Security Agreement promptly of any such set-off and the application made by the Purchasers Buyer of the proceeds thereof, provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Purchasers Buyer under this Section are in addition to other rights and rightsand remedies (including, without limitation, other rights of set-off) which the Purchasers Buyer may have.

Appears in 1 contract

Samples: Subsidiary Guarantee (Zerify, Inc.)

Set-Off. Each Guarantor hereby irrevocably authorizes the Purchasers Lender at any time and from time to time while an Event of Default under any of the Transaction Documents shall have occurred and be continuing, without notice to such Guarantor or any other Guarantor, any such notice being expressly waived by each Guarantor, to set-off and appropriate and apply any and all deposits, credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by the Purchasers Lender to or for the credit or the account of such Guarantor, or any part thereof in such amounts as the Purchasers Lender may elect, against and on account of the obligations and liabilities of such Guarantor to the Purchasers Lender hereunder and claims of every nature and description of the Purchasers Lender against such Guarantor, in any currency, whether arising hereunder, under the Purchase AgreementLoan Agreements, any other Transaction Document or otherwise, as the Purchasers Lender may elect, whether or not the Purchasers have Lender has made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. The Purchasers Lender shall notify such Guarantor promptly of any such set-off and the application made by the Purchasers Lender of the proceeds thereof, provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Purchasers Lender under this Section are in addition to other rights and remedies (including, without limitation, other rights of set-off) which the Purchasers Lender may have.. 8

Appears in 1 contract

Samples: Subsidiary Guarantee (Heartland Oil & Gas Corp)

Set-Off. Each Guarantor hereby irrevocably authorizes the Purchasers at any time and from time to time while an Event of Default under any of the Transaction Documents shall have occurred and be continuing, without notice to such the Guarantor or any other Guarantorguarantor, any such notice being expressly waived by each Guarantor, to set-off and appropriate and apply any and all deposits, credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by the Purchasers to or for the credit or the account of such the Guarantor, or any part thereof in such amounts as the Purchasers may elect, against and on account of the obligations and liabilities of such the Guarantor to the Purchasers hereunder and claims of every nature and description of the Purchasers against such the Guarantor, in any currency, whether arising hereunder, under the Purchase Agreement, any other Transaction Document or otherwise, as the Purchasers may elect, whether or not the Purchasers have made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. The Purchasers shall notify such the Guarantor in writing promptly of any such set-off and the application made by the Purchasers of the proceeds thereof, provided that the failure to give such notice shall not affect the validity of such set-off and applicationapplication so long as the Guarantor is not materially adversely affected by the failure to promptly deliver such notice. The rights of the Purchasers under this Section are in addition to other rights and remedies (including, including without limitation, limitation other rights of set-off) which the Purchasers may have.

Appears in 1 contract

Samples: Subsidiary Guarantee (Adamis Pharmaceuticals Corp)

Set-Off. Each Guarantor hereby irrevocably authorizes the Purchasers Lenders at any time and from time to time while an Event of Default under any of the Transaction Documents shall have occurred and be continuing, without notice to such Guarantor or any other Guarantor, any such notice being expressly waived by each Guarantor, to set-off and appropriate and apply any and all deposits, credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by the Purchasers Lenders to or for the credit or the account of such Guarantor, or any part thereof in such amounts as the Purchasers Lenders may elect, against and on account of the obligations and liabilities of such Guarantor to the Purchasers Lenders hereunder and claims of every nature and description of the Purchasers Lenders against such Guarantor, in any currency, whether arising hereunder, under the Purchase Loan Agreement, any other Transaction Document or otherwise, as the Purchasers Lenders may elect, whether or not the Purchasers Lenders have made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. The Purchasers Lenders shall notify such Guarantor promptly of any such set-off and the application made by the Purchasers Lenders of the proceeds thereof, provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Purchasers Lenders under this Section are in addition to other rights and remedies (including, without limitation, other rights of set-off) which the Purchasers Lenders may have.

Appears in 1 contract

Samples: Subsidiary Guarantee (Metalink LTD)

Set-Off. Each Guarantor hereby irrevocably authorizes the Purchasers Holders at any time and from time to time while an Event of Default under any of the Transaction Documents Debentures or the Security Agreement shall have occurred and be continuing, without notice to such Guarantor or any other Guarantor, any such notice being expressly waived by each Guarantor, to set-off and appropriate and apply any and all deposits, credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held by or owing by to the Purchasers Holders to or for the credit or the account of such Guarantor, or any part thereof in such amounts as the Purchasers Holders may elect, against and on account of the obligations and liabilities of such Guarantor to the Purchasers Holders hereunder and claims of every nature and description of the Purchasers Holders against such Guarantor, in any currency, whether arising hereunder, under the Purchase Agreement, any other Transaction Document Debentures or otherwise, as the Purchasers Holders may elect, whether or not the Purchasers Holders have made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. The Purchasers Holders shall notify such Guarantor promptly of any such set-off and the application made by the Purchasers Holders of the proceeds thereof, provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Purchasers Holders under this Section are in addition to other rights and remedies (including, without limitation, other rights of set-off) which the Purchasers Holders may have.

Appears in 1 contract

Samples: Subsidiary Guarantee (Accentia Biopharmaceuticals Inc)

Set-Off. Each Guarantor hereby irrevocably authorizes the Purchasers at any time and from time to time while an Event of Default under any of the Transaction Documents Notes shall have occurred and be continuing, without notice to such Guarantor or any other GuarantorGuarantors, any such notice being expressly waived by each Guarantor, to set-off and appropriate and apply any and all deposits, credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by the Purchasers Purchaser to or for the credit or the account of such Guarantor, or any part thereof in such amounts as the Purchasers Purchaser may elect, against and on account of the obligations and liabilities of such Guarantor to the Purchasers Purchaser hereunder and claims of every nature and description of the Purchasers Purchaser against such Guarantor, in any currency, whether arising hereunder, under the Purchase Agreement, any other Transaction Document Notes or otherwise, as the Purchasers Purchaser may elect, whether or not the Purchasers Purchaser have made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. The Purchasers shall notify such Guarantor promptly of any such set-off and the application made by the Purchasers Purchaser of the proceeds thereof, provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Purchasers under this Section are in addition to other rights and remedies (including, without limitation, other rights of set-off) which the Purchasers Purchaser may have.

Appears in 1 contract

Samples: Subsidiary Guarantee (NightFood Holdings, Inc.)

Set-Off. Each Guarantor hereby irrevocably authorizes the Purchasers Lender at any time and from time to time while an Event of Default under any of the Transaction Documents shall have occurred and be continuing, without notice to such Guarantor or any other Guarantor, any such notice being expressly waived by each Guarantor, to set-off and appropriate and apply any and all deposits, credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by the Purchasers Lender to or for the credit or the account of such Guarantor, or any part thereof in such amounts as the Purchasers Lender may elect, against and on account of the obligations and liabilities of such Guarantor to the Purchasers Lender hereunder and claims of every nature and description of the Purchasers Lender against such Guarantor, in any currency, whether arising hereunder, under the Purchase Bridge Loan Agreement, any other Transaction Document or otherwise, as the Purchasers Lender may elect, whether or not the Purchasers Lender have made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. The Purchasers Lender shall notify such Guarantor promptly of any such set-off and the application made by the Purchasers Lender of the proceeds thereof, provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Purchasers under this Section are in addition to other rights and remedies (including, without limitation, other rights of set-off) which the Purchasers may have.and

Appears in 1 contract

Samples: Subsidiary Guarantee (Sonoma College Inc)

Set-Off. Each Guarantor hereby irrevocably authorizes the Purchasers each Purchaser at any time and from time to time while an Event of Default under any of the Transaction Documents shall have occurred and be continuing, without notice to such Guarantor or any other Guarantor, any such notice being expressly waived by each Guarantor, to set-off and appropriate and apply any and all deposits, credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by the Purchasers such Purchaser to or for the credit or the account of such Guarantor, or any part thereof in such amounts as the Purchasers such Purchaser may elect, against and on account of the obligations and liabilities of such Guarantor to the Purchasers Purchaser hereunder and claims of every nature and description of the Purchasers such Purchaser against such Guarantor, in any currency, whether arising hereunder, under the Purchase Agreement, any other Transaction Document or otherwise, as the Purchasers such Purchaser may elect, whether or not the Purchasers have such Purchaser has made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. The Purchasers A Purchaser shall notify such Guarantor and the Agent named in the Security Agreement promptly of any such set-off and the application made by the Purchasers such Purchaser of the proceeds thereof, provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Purchasers under this Section are in addition to other rights and remedies (including, without limitation, other rights of set-off) which the Purchasers may have.

Appears in 1 contract

Samples: Subsidiary Guarantee (High Wire Networks, Inc.)

Set-Off. Each Guarantor hereby irrevocably authorizes the Purchasers Lender at any time and from time to time while an Event of Default under any of the Transaction Documents shall have occurred and be continuing, without notice to such Guarantor or any other Guarantor, any such notice being expressly waived by each Guarantor, to set-off and appropriate and apply any and all deposits, credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by the Purchasers Lender to or for the credit or the account of such Guarantor, or any part thereof in such amounts as the Purchasers Lender may elect, against and on account of the obligations and liabilities of such Guarantor to the Purchasers Lender hereunder and claims of every nature and description of the Purchasers Lender against such Guarantor, in any currency, whether arising hereunder, under the Purchase Loan Agreement, any other Transaction Document or otherwise, as the Purchasers Lender may elect, whether or not the Purchasers have Lender has made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. The Purchasers Lender shall notify such Guarantor promptly of any such set-off and the application made by the Purchasers Lender of the proceeds thereof, provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Purchasers Lender under this Section are in addition to other rights and remedies (including, without limitation, other rights of set-set- off) which the Purchasers Lender may have.

Appears in 1 contract

Samples: Subsidiary Guarantee (Continental Fuels, Inc.)

Set-Off. Each Guarantor hereby irrevocably authorizes the Purchasers at any time and from time to time while an Event of Default under any of the Transaction Documents shall have occurred and be continuing, without notice to such Guarantor or any other Guarantor, any such notice being expressly waived by each Guarantor, to set-off setoff and appropriate and apply any and all deposits, credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by the Purchasers to or for the credit or the account of such Guarantor, or any part thereof in such amounts as the Purchasers may elect, against and on account of the obligations and liabilities of such Guarantor to the Purchasers hereunder and claims of every nature and description of the Purchasers against such Guarantor, in any currency, whether arising hereunder, under the Purchase Agreement, any other Transaction Document or otherwise, as the Purchasers may elect, whether or not the Purchasers have made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. The Purchasers shall notify such Guarantor promptly of any such set-off and the application made by the Purchasers of the proceeds thereof, provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Purchasers under this Section are in addition to other rights and remedies (including, without limitation, other rights of set-off) which the Purchasers may have.

Appears in 1 contract

Samples: Mhii Guarantee (Marshall Holdings International, Inc.)

Set-Off. Each Guarantor hereby irrevocably authorizes the Purchasers Guaranteed Parties at any time and from time to time while an Event of Default under any of the Transaction Documents shall have occurred and be continuing, without notice to such Guarantor or any other Guarantorguarantor of the Obligations, any such notice being expressly waived by each Guarantor, to set-off and appropriate and apply any and all depositsamounts, credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by the Purchasers Guaranteed Parties to or for the credit or the account of such Guarantor, or any part thereof thereof, in such amounts as the Purchasers Guaranteed Parties may elect, against and on account of the obligations and liabilities of such Guarantor to the Purchasers hereunder and claims of every nature and description of the Purchasers against such Guarantor, in any currency, whether arising hereunder, under the Purchase Agreement, any other Transaction Document or otherwise, as the Purchasers may electObligations, whether or not the Purchasers have Guaranteed Parties has made any demand for payment and although such obligations, liabilities and claims the Obligations may be contingent or unmatured. The Purchasers Guaranteed Parties shall notify such Guarantor promptly of any such set-off and the application made by the Purchasers Guaranteed Parties of the proceeds thereof, provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Purchasers Guaranteed Parties under this Section are in addition to other rights and remedies (including, without limitation, other rights of set-off) which the Purchasers Guaranteed Parties may have.

Appears in 1 contract

Samples: Note Purchase Agreement (Aerie Pharmaceuticals Inc)

Set-Off. Each Guarantor hereby irrevocably authorizes the Purchasers at any time and from time to time while an Event of Default under any of the Transaction Documents shall have occurred and be continuing, without notice to such Guarantor or any other Guarantor, any such notice being expressly waived by each Guarantor, to set-off and appropriate and apply any and all deposits, credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by the Purchasers to or for the credit or the account of such Guarantor, or any part thereof in such amounts as the Purchasers may elect, against and on account of the obligations and liabilities of such Guarantor to the Purchasers hereunder and claims of every nature and description of the Purchasers against such Guarantor, in any currency, whether arising hereunder, under the Purchase Agreement, any other Transaction Document or otherwise, as the Purchasers may elect, whether or not the Purchasers have made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. The Purchasers shall notify such Guarantor promptly of any such set-off and the application made by the Purchasers of the proceeds thereof, provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Purchasers under this Section are in addition to other rights and remedies (including, without limitation, other rights of set-off) which the Purchasers may have.. 155

Appears in 1 contract

Samples: Registration Rights Agreement (Attis Industries Inc.)

Set-Off. Each Guarantor hereby irrevocably authorizes the Purchasers Secured Parties at any time and from time to time while an Event of Default under any of the Transaction Documents shall have occurred and be continuing, without notice to such Guarantor or any other Guarantor, any such notice being expressly waived by each Guarantor, to set-off setoff and appropriate and apply any and all deposits, credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by the Purchasers Secured Parties to or for the credit or the account of such Guarantor, or any part thereof in such amounts as the Purchasers Secured Parties may elect, against and on account of the obligations and liabilities of such Guarantor to the Purchasers Secured Parties hereunder and claims of every nature and description of the Purchasers Secured Parties against such Guarantor, in any currency, whether arising hereunder, under the Purchase Agreement, any other Transaction Document or otherwise, as the Purchasers Secured Parties may elect, whether or not the Purchasers Secured Parties have made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. The Purchasers Secured Parties shall notify such Guarantor promptly of any such set-off and the application made by the Purchasers Secured Parties of the proceeds thereof, provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Purchasers Secured Parties under this Section are in addition to other rights and remedies (including, without limitation, other rights of set-off) which the Purchasers Secured Parties may have.

Appears in 1 contract

Samples: Subsidiary Guarantee (Black Cactus Global, Inc.)

Set-Off. Each Guarantor hereby irrevocably authorizes the Purchasers Lenders at any time and from time to time while an Event of Default under any of the Transaction Documents shall have occurred and be continuing, without notice to such Guarantor or any other Guarantor, any such notice being expressly waived by each Guarantor, to set-off and appropriate and apply any and all deposits, credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by the Purchasers Lenders to or for the credit or the account of such Guarantor, or any part thereof in such amounts as the Purchasers Lenders may elect, against and on account of the obligations and liabilities of such Guarantor to the Purchasers Lenders hereunder and claims of every nature and description of the Purchasers Lenders against such Guarantor, in any currency, whether arising hereunder, under the Purchase Subscription Agreement, any other Transaction Document or otherwise, as the Purchasers Lenders may elect, whether or not the Purchasers Lenders have made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. The Purchasers Lenders shall notify such Guarantor promptly of any such set-off and the application made by the Purchasers Lenders of the proceeds thereof, provided PROVIDED that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Purchasers Lenders under this Section are in addition to other rights and remedies (includingremedies(including, without limitation, other rights of set-off) which the Purchasers Lenders may have.

Appears in 1 contract

Samples: Parent Guarantee (VCG Holding Corp)

Set-Off. Each Guarantor hereby irrevocably authorizes the Purchasers Holders at any time and from time to time while an Event of Default under any of the Transaction Documents Notes or Security Agreement shall have occurred and be continuing, without notice to such Guarantor or any other Guarantor, any such notice being expressly waived by each Guarantor, to set-off and appropriate and apply any and all deposits, credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by the Purchasers Holders to or for the credit or the account of such Guarantor, or any part thereof in such amounts as the Purchasers Holders may elect, against and on account of the obligations and liabilities of such Guarantor to the Purchasers Holders hereunder and claims of every nature and description of the Purchasers Holders against such Guarantor, in any currency, whether arising hereunder, under the Purchase Agreement, any other Transaction Document or hereunderor otherwise, as the Purchasers Holders may elect, whether or not the Purchasers Holders have made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. The Purchasers Holders shall notify such Guarantor promptly of any such set-off and the application made by the Purchasers Holders of the proceeds thereof, provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Purchasers Holders under this Section are in addition to other rights and remedies (includingremedies(including, without limitation, other rights of set-off) which the Purchasers Holders may have.

Appears in 1 contract

Samples: Subsidiary Guarantee (Unity Wireless Corp)

Set-Off. Each Guarantor hereby irrevocably authorizes the Purchasers Purchaser at any time and from time to time while an Event of Default under any of the Transaction Documents shall have occurred and be continuing, without notice to such Guarantor or any other Guarantor, any such notice being expressly waived by each Guarantor, to set-off and appropriate and apply any and all deposits, credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by the Purchasers Purchaser to or for the credit or the account of such Guarantor, or any part thereof in such amounts as the Purchasers Purchaser may elect, against and on account of the obligations and liabilities of such Guarantor to the Purchasers Purchaser hereunder and claims of every nature and description of the Purchasers Purchaser against such Guarantor, in any currency, whether arising hereunder, under the Purchase Restructuring Agreement, any other Transaction Document or otherwise, as the Purchasers Purchaser may elect, whether or not the Purchasers Purchaser have made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. The Purchasers Purchaser shall notify such Guarantor promptly of any such set-off and the application made by the Purchasers Purchaser of the proceeds thereof, provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Purchasers Purchaser under this Section are in addition to other rights and remedies (includingremedies(including, without limitation, other rights of set-off) which the Purchasers Purchaser may have.

Appears in 1 contract

Samples: Subsidiary Guarantee (Viral Genetics Inc /De/)

Set-Off. Each Guarantor hereby irrevocably authorizes the Purchasers Purchaser at any time and from time to time while an Event of Default under any of the Transaction Documents Notes shall have occurred and be continuing, without notice to such Guarantor or any other GuarantorGuarantors, any such notice being expressly waived by each Guarantor, to set-off and appropriate and apply any and all deposits, credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by the Purchasers Purchaser to or for the credit or the account of such Guarantor, or any part thereof in such amounts as the Purchasers Purchaser may elect, against and on account of the obligations and liabilities of such Guarantor to the Purchasers Purchaser hereunder and claims of every nature and description of the Purchasers Purchaser against such Guarantor, in any currency, whether arising hereunder, under the Purchase Agreement, any other Transaction Document Notes or otherwise, as the Purchasers Purchaser may elect, whether or not the Purchasers Purchaser have made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. The Purchasers Purchaser shall notify such Guarantor promptly of any such set-off and the application made by the Purchasers Purchaser of the proceeds thereof, provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Purchasers Purchaser under this Section are in addition to other rights and remedies (including, without limitation, other rights of set-off) which the Purchasers Purchaser may have.

Appears in 1 contract

Samples: Subsidiary Guarantee (NightFood Holdings, Inc.)

Set-Off. Each Guarantor hereby irrevocably authorizes the Purchasers at any time and from time to time while an Event of Default under any of the Transaction Documents shall have occurred and be continuing, without notice to such Guarantor or any other Guarantor, any such notice being expressly waived by each Guarantor, to set-off and appropriate and apply any and all deposits, credits, indebtedness Debt or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by the Purchasers to or for the credit or the account of such Guarantor, or any part thereof in such amounts as the Purchasers may elect, against and on account of the obligations and liabilities of such Guarantor to the Purchasers hereunder and claims of every nature and description of the Purchasers against such Guarantor, in any currency, whether arising hereunder, under the Purchase Agreement, any other Transaction Document or otherwise, as the Purchasers may elect, whether or not the Purchasers have made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. The Purchasers shall notify such Guarantor promptly of any such set-off and the application made by the Purchasers of the proceeds thereof, provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Purchasers under this Section are in addition to other rights and remedies (includingremedies(including, without limitation, other rights of set-off) which the Purchasers may have.

Appears in 1 contract

Samples: Subsidiary Guarantee (Intraop Medical Corp)

Set-Off. Each Guarantor hereby irrevocably authorizes the Purchasers Vanco at any time and from time to time while an Event of Default under any of the Transaction Documents Debenture shall have occurred and be continuing, without notice to such Guarantor or any other Guarantor, any such notice being expressly waived by each Guarantor, to set-off and appropriate and apply any and all deposits, credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by the Purchasers Vanco to or for the credit or the account of such Guarantor, or any part thereof in such amounts as the Purchasers Vanco may elect, against and on account of the obligations and liabilities of such Guarantor to the Purchasers Vanco hereunder and claims of every nature and description of the Purchasers Vanco against such Guarantor, in any currency, whether arising hereunder, under the Purchase Agreement, any other Transaction Document the Debenture or otherwise, as the Purchasers Vanco may elect, whether or not the Purchasers Vanco have made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. The Purchasers Vanco shall notify such Guarantor promptly of any such set-off and the application made by the Purchasers Vanco of the proceeds thereof, provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Purchasers Vanco under this Section are in addition to other rights and remedies (including, without limitation, other rights of set-off) which the Purchasers Vanco may have.

Appears in 1 contract

Samples: Subsidiary Guarantee (Capital Growth Systems Inc /Fl/)

Set-Off. Each Guarantor hereby irrevocably authorizes the Purchasers at any time and from time to time while an Event of Default under any of the Transaction Documents shall have occurred and be continuing, without notice to such Guarantor or any other GuarantorGuarantor (except as set forth below), any such notice being expressly waived by each Guarantor, to set-off and appropriate and apply any and all deposits, credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by the Purchasers to or for the credit or the account of such Guarantor, or any part thereof in such amounts as the Purchasers may elect, against and on account of the obligations and liabilities of such Guarantor to the Purchasers hereunder and claims of every nature and description of the Purchasers against such Guarantor, in any currency, whether arising hereunder, under the Purchase Agreement, any other Transaction Document or otherwise, as the Purchasers may elect, whether or not the Purchasers have made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. The Purchasers shall notify such Guarantor promptly of any such set-off and the application made by the Purchasers of the proceeds thereof, provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Purchasers under this Section are in addition to other rights and remedies (including, without limitation, other rights of set-off) which the Purchasers may have.

Appears in 1 contract

Samples: Subsidiary Guarantee (Ocz Technology Group Inc)

Set-Off. Each Guarantor hereby irrevocably authorizes the Purchasers ------- Investor at any time and from time to time while an Event of Default under any of the Transaction Documents shall have occurred and be continuing, without notice to such Guarantor or any other Guarantor, any such notice being expressly waived by each Guarantor, to set-off and appropriate and apply any and all depositsdeposits (general or special, time or demand, provisional or final), in any currency, and any other credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by the Purchasers Investor to or for the credit or the account of such Guarantor, or any part thereof in such amounts as the Purchasers Investor may elect, against and on account of the obligations and liabilities of such Guarantor to the Purchasers Investor hereunder and claims of every nature and description of the Purchasers Investor against such Guarantor, in any currency, whether arising hereunder, under the Purchase Exchange Agreement, any other Transaction Loan Document or otherwise, as the Purchasers Investor may elect, whether or not the Purchasers Investor have made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. The Purchasers Investor shall notify such Guarantor promptly of any such set-off and the application made by the Purchasers Investor of the proceeds thereof, provided PROVIDED that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Purchasers Investor under this Section are in addition to other rights and remedies (includingremedies(including, without limitation, other rights of set-off) which the Purchasers Investor may have.

Appears in 1 contract

Samples: Assumption Agreement (Constellation 3d Inc)

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Set-Off. Each The Guarantor hereby irrevocably authorizes the Purchasers Lenders at any time and from time to time while an Event of Default under any of the Transaction Documents shall have occurred and be continuing, without notice to such the Guarantor or any other Guarantorguarantor, any such notice being expressly waived by each the Guarantor, to set-off and appropriate and apply any and all deposits, credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by the Purchasers Lenders to or for the credit or the account of such the Guarantor, or any part thereof in such amounts as the Purchasers Lenders may elect, against and on account of the obligations and liabilities of such the Guarantor to the Purchasers Lenders hereunder and claims of every nature and description of the Purchasers Lenders against such the Guarantor, in any currency, whether arising hereunder, under the Purchase Agreement, any other Transaction Document or otherwise, as the Purchasers Lenders may elect, whether or not the Purchasers Lenders have made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. The Purchasers Lenders shall notify such the Guarantor promptly of any such set-off and the application made by the Purchasers Lenders of the proceeds thereof, provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Purchasers Lenders under this Section are in addition to other rights and remedies (including, without limitation, other rights of set-off) which the Purchasers Lenders may have.

Appears in 1 contract

Samples: Guarantee (New Harvest Capital Corp)

Set-Off. Each Guarantor hereby irrevocably authorizes the Purchasers each Investor at any time and from time to time while an Event of Default under any of anyof the Transaction Documents shall have occurred and be continuing, without notice to such Guarantor or any other Guarantor, any such notice being expressly waived by each Guarantor, to set-off and appropriate and apply any and all deposits, credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by the Purchasers such Investor to or for the credit or the account of such Guarantor, or any part thereof in such amounts as the Purchasers such Investor may elect, against and on account of the obligations and liabilities of such Guarantor to the Purchasers Investor hereunder and claims of every nature and description of the Purchasers such Investor against such Guarantor, in any currency, whether arising hereunder, under the Purchase Agreement, any other Transaction Document or otherwise, as the Purchasers such Investor may elect, whether or not the Purchasers have such Investor has made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. The Purchasers A Investor shall notify such Guarantor and the Agent named in the Security Agreement promptly of any such set-off and the application made by the Purchasers such Investor of the proceeds thereof, provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Purchasers Investors under this Section are in addition to other rights and remedies (including, without limitation, other rights of set-off) which the Purchasers Investors may have.

Appears in 1 contract

Samples: Guaranty (Cyber App Solutions Corp.)

Set-Off. Each Guarantor hereby irrevocably authorizes the Purchasers Agent, for the benefit of the Purchasers, at any time and from time to time while an Event of Default under any of the Transaction Documents shall have occurred and be continuing, without notice to such Guarantor or any other Guarantor, any such notice being expressly waived by each Guarantor, to set-off and appropriate and apply any and all deposits, credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by the Purchasers to or for the credit or the account of such Guarantor, or any part thereof in such amounts as the Purchasers Agent, for the benefit of the Purchasers, may elect, against and on account of the obligations and liabilities of such Guarantor to the Purchasers hereunder and claims of every nature and description of the Purchasers against such Guarantor, in any currency, whether arising hereunder, under the Purchase Agreement, any other Transaction Document or otherwise, as the Purchasers Agent, for the benefit of the Purchasers, may elect, whether or not the Purchasers have Agent has made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. The Purchasers Agent shall notify such Guarantor promptly of any such set-off and the application made by the Purchasers Agent of the proceeds thereof, provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Purchasers Agent under this Section are in addition to other rights and remedies (includingremedies(including, without limitation, other rights of set-off) which the Purchasers Agent, for the benefit of the Purchasers, may have.

Appears in 1 contract

Samples: Subsidiary Guarantee (OneTravel Holdings, Inc.)

Set-Off. Each Guarantor hereby irrevocably authorizes the Purchasers Lender at any time and from time to time while an Event of Default under any pursuant to Section 10.4 of the Transaction Documents shall have occurred and be continuingCredit Agreement, without prior notice to such Guarantor or any other Guarantor, any such prior notice being expressly waived by each Guarantor, to set-off and appropriate and apply any and all depositsdeposits (general or special, time or demand, provisional or final), in any currency, and any other credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by the Purchasers Lender to or for the credit or the account of such Guarantor, or any part thereof in such amounts as the Purchasers Lender may elect, against and on account of the obligations and liabilities of such Guarantor to the Purchasers Lender hereunder and claims of every nature and description of the Purchasers Lender against such Guarantor, in any currency, whether arising hereunder, under the Purchase Credit Agreement, any other Transaction Loan Document or otherwise, as the Purchasers Lender may elect, whether or not the Purchasers have Lender has made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. The Purchasers Lender shall notify such Guarantor promptly of any such set-off and the application made by the Purchasers Lender of the proceeds thereof, ; provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Purchasers Lender under this Section 4.6 are in addition to any other rights and remedies (including, without limitation, other rights of set-off) which the Purchasers Lender may have.

Appears in 1 contract

Samples: Credit Agreement (Compx International Inc)

Set-Off. Each Guarantor hereby irrevocably authorizes the Purchasers at any time and from time to time while an Event of Default under any of the Transaction Documents shall have occurred and be continuing, without notice to such the Guarantor or any other Guarantorguarantor, any such notice being expressly waived by each Guarantor, to set-off and appropriate and apply any and all deposits, credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by the Purchasers to or for the credit or the account of such the Guarantor, or any part thereof in such amounts as the Purchasers may elect, against and on account of the obligations and liabilities of such the Guarantor to the Purchasers hereunder and claims of every nature and description of the Purchasers against such the Guarantor, in any currency, whether arising hereunder, under the Purchase Agreement, any other Transaction Document or otherwise, as the Purchasers may elect, whether or not the Purchasers have made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. The Purchasers shall notify such the Guarantor promptly of any such set-off and the application made by the Purchasers of the proceeds thereof, provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Purchasers under this Section are in addition to other rights and remedies (including, including without limitation, limitation other rights of set-off) which the Purchasers may have.

Appears in 1 contract

Samples: Subsidiary Guarantee (Axis Technologies Group Inc)

Set-Off. Each Guarantor hereby irrevocably authorizes the Purchasers Vendor at any time and from time to time while an Event of Default under any of the Transaction Documents shall have occurred and or be continuing, without notice to such Guarantor or any other Guarantor, any such notice being expressly waived by each Guarantor, to set-off and appropriate and apply any and all deposits, credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by the Purchasers Vendor to or for the credit or the account of such Guarantor, or any part thereof in such amounts as the Purchasers Vendor may elect, against and on account of the obligations and liabilities of such Guarantor to the Purchasers Vendor hereunder and claims of every nature and description of the Purchasers Vendor against such Guarantor, in any currency, whether arising hereunder, under the Purchase Agreement, any other Transaction Document or otherwise, as the Purchasers Vendor may elect, whether or not the Purchasers Vendor have made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. The Purchasers Vendor shall notify such Guarantor promptly of any such set-off and the application made by the Purchasers Vendor of the proceeds thereof, provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Purchasers Vendor under this Section are in addition to other rights and remedies (including, without limitation, other rights of set-off) which the Purchasers Vendor may have.

Appears in 1 contract

Samples: Subsidiary Guarantee (ChromaDex Corp.)

Set-Off. Each The Guarantor hereby irrevocably authorizes the Purchasers at any time and from time to time while an Event of Default under any of the Transaction Documents shall have occurred and be continuing, without notice to such Guarantor or any other the Guarantor, any such notice being expressly waived by each the Guarantor, to set-off and appropriate and apply any and all deposits, credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by the Purchasers to or for the credit or the account of such the Guarantor, or any part thereof in such amounts as the Purchasers may elect, against and on account of the obligations and liabilities of such the Guarantor to the Purchasers hereunder and claims of every nature and description of the Purchasers against such the Guarantor, in any currency, whether arising hereunder, under the Purchase Agreement, any other Transaction Document or otherwise, as the Purchasers may elect, whether or not the Purchasers have made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. The Purchasers shall notify such the Guarantor promptly of any such set-off and the application made by the Purchasers of the proceeds thereof, provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Purchasers under this Section are in addition to other rights and remedies (includingremedies(including, without limitation, other rights of set-off) which the Purchasers may have.

Appears in 1 contract

Samples: Guarantee (Atlantic Syndication Network Inc)

Set-Off. Each Guarantor hereby irrevocably authorizes the Purchasers Investors at any time and from time to time while an Event of Default under any of the Transaction Documents shall have occurred and be continuing, without notice to such Guarantor or any other Guarantor, any such notice being expressly waived by each Guarantor, to set-off and appropriate and apply any and all deposits, credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by the Purchasers Investors to or for the credit or the account of such Guarantor, or any part thereof in such amounts as the Purchasers Investors may elect, against and on account of the obligations and liabilities of such Guarantor to the Purchasers Investors hereunder and claims of every nature and description of the Purchasers Investors against such Guarantor, in any currency, whether arising hereunder, under the Purchase AgreementSPA, any other Transaction Document or otherwise, as the Purchasers Investors may elect, whether or not the Purchasers Investors have made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. The Purchasers Investors shall notify such Guarantor promptly of any such set-off and the application made by the Purchasers Investors of the proceeds thereof, provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Purchasers Investors under this Section are in addition to other rights and remedies (including, without limitation, other rights of set-off) which the Purchasers Investors may have.

Appears in 1 contract

Samples: Subsidiary Guarantee (Chile Mining Technologies Inc.)

Set-Off. Each Guarantor hereby irrevocably authorizes the Purchasers Holder at any time and from time to time while an Event of Default under any of the Transaction Documents shall have occurred and be continuing, without notice to such Guarantor or any other Guarantorguarantor of the Obligations, any such notice being expressly waived by each the Guarantor, to set-off and appropriate and apply any and all depositsdeposits (general or special, time or demand, provisional or final), in any currency, and any other credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by the Purchasers Holder to or for the credit or the account of such the Guarantor, or any part thereof in such amounts as the Purchasers Holder may elect, against and on account of the obligations and liabilities of such the Guarantor to the Purchasers Holder hereunder and claims of every nature and description of the Purchasers Holder against such Guarantor, in any currency, whether arising hereunder, under the Purchase AgreementNote, any other Transaction Document or otherwise, as the Purchasers Holder may elect, whether or not the Purchasers have Holder has made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. The Purchasers Holder shall notify such Guarantor promptly of any such set-off and the application made by the Purchasers Holder of the proceeds thereof, provided provided, that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Purchasers Holder under this Section are in addition to other rights and remedies (including, without limitation, other rights of set-off) which the Purchasers Holder may have.

Appears in 1 contract

Samples: Subsidiary Guaranty (Composite Technology Corp)

Set-Off. Each Guarantor hereby irrevocably authorizes the Purchasers at any time and from time to time while an Event of Default under any of the Transaction Documents shall have occurred and be continuing, without notice to such the Guarantor or any other Guarantorguarantor, any such notice being expressly waived by each Guarantor, to set-off and appropriate and apply any and all deposits, credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by the Purchasers to or for the credit or the account of such the Guarantor, or any part thereof in such amounts as the Purchasers may elect, against and on account of the obligations and liabilities of such the Guarantor to the Purchasers hereunder and claims of every nature and description of the Purchasers against such the Guarantor, in any currency, whether arising hereunder, under the Purchase Agreement, any other Transaction Document or otherwisedocument entered into in connection therewith, as the Purchasers may elect, whether or not the Purchasers have made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. The Purchasers shall notify such the Guarantor promptly of any such set-off and the application made by the Purchasers of the proceeds thereof, provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Purchasers under this Section are in addition to other rights and remedies (including, including without limitation, limitation other rights of set-off) which the Purchasers may have.

Appears in 1 contract

Samples: Subsidiary Guarantee (LOCAL Corp)

Set-Off. Each Guarantor hereby irrevocably authorizes the Purchasers Purchaser at any time and from time to time while an Event of Default under any of the Transaction Documents shall have occurred and be continuing, without prior notice to such Guarantor or any other Guarantor, any such notice being expressly waived by each Guarantor, to set-off and appropriate and apply any and all depositsdeposits (general or special, time or demand, provisional or final but excluding trust accounts), in any currency, and any other credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by the Purchasers Purchaser to or for the credit or the account of such Guarantor, or any part thereof in such amounts as the Purchasers Purchaser may elect, against and on account of the obligations and liabilities of such Guarantor to the Purchasers Purchaser hereunder and claims of every nature and description of the Purchasers Purchaser against such Guarantor, in any currency, whether arising hereunder, under the Purchase Agreement, any other Transaction Document or otherwise, as the Purchasers Purchaser may elect, whether or not the Purchasers Purchaser have made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. The Purchasers Purchaser shall notify such Guarantor promptly of any such set-off and the application made by the Purchasers Purchaser of the proceeds thereof, provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Purchasers Purchaser under this Section are in addition to other rights and remedies (including, without limitation, other rights of set-off) which the Purchasers Purchaser may have.

Appears in 1 contract

Samples: Subsidiary Guarantee (Xenetic Biosciences, Inc.)

Set-Off. Each Guarantor hereby irrevocably authorizes the Purchasers at any time and from time to time while an Event of Default under any of the Transaction Documents shall have occurred and be continuing, without notice to such Guarantor or any other Guarantor, any such notice being expressly waived by each Guarantor, to set-off and appropriate and apply any and all deposits, credits, indebtedness or claims, in any currencycurrency that are , in each case whether direct or indirectabsolute, absolute or contingent, matured or unmaturedand matured, at any time held or owing by the Purchasers to or for the credit or the account of such Guarantor, or any part thereof in such amounts as the Purchasers may elect, against and on account of the obligations and liabilities of such Guarantor to the Purchasers hereunder and claims of every nature and description of the Purchasers against such Guarantor, in any currency, whether arising hereunder, under the Purchase Agreement, any other Transaction Document or otherwise, as the Purchasers may elect, whether or not the Purchasers have made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. The Purchasers shall notify such Guarantor promptly of any such set-off and the application made by the Purchasers of the proceeds thereof, provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Purchasers under this Section are in addition to other rights and remedies (including, without limitation, other rights of set-off) which the Purchasers may have.

Appears in 1 contract

Samples: Subsidiary Guarantee (InspireMD, Inc.)

Set-Off. Each Guarantor hereby irrevocably authorizes the Purchasers at any time and from time to time while an Event of Default under any of the Transaction Documents shall have occurred and be continuing, without notice to such Guarantor or any other Guarantor, any such notice being expressly waived by each Guarantor, to set-off and appropriate and apply any and all deposits, credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by the Purchasers to or for the credit or the account of such Guarantor, or any part thereof in such amounts as the Purchasers may elect, against and on account of the obligations and liabilities of such Guarantor to the Purchasers hereunder and claims of every nature and description of the Purchasers against such Guarantor, in any currency, whether arising hereunder, under the Purchase AgreementAgreements, any other Transaction Document or otherwise, as the Purchasers may elect, whether or not the Purchasers have made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. The Purchasers shall notify such Guarantor promptly of any such set-off and the application made by the Purchasers of the proceeds thereof, provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Purchasers under this Section are in addition to other rights and remedies (includingremedies(including, without limitation, other rights of set-off) which the Purchasers may have.

Appears in 1 contract

Samples: Subsidiary Guarantee (Advanced Cell Technology, Inc.)

Set-Off. Each Guarantor hereby irrevocably authorizes the Purchasers Purchaser at any time and from time to time while an Event of Default under any of the Transaction Documents shall have occurred and be continuing, without notice to such Guarantor or any other Guarantor, any such notice being expressly waived by each Guarantor, to set-off and appropriate and apply any and all deposits, credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by the Purchasers Purchaser to or for the credit or the account of such Guarantor, or any part thereof in such amounts as the Purchasers Purchaser may elect, against and on account of the obligations and liabilities of such Guarantor to the Purchasers Purchaser hereunder and claims of every nature and description of the Purchasers against such Guarantor, in any currency, whether arising hereunder, under the Purchase Agreement, any other Transaction Document or otherwise, as the Purchasers may elect, whether or not the Purchasers Purchaser have made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. The Purchasers Purchaser shall notify such Guarantor promptly of any such set-off and the application made by the Purchasers Purchaser of the proceeds thereof, provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Purchasers Purchaser under this Section are in addition to other rights and remedies (including, without limitation, other rights of set-off) which the Purchasers Purchaser may have.

Appears in 1 contract

Samples: Subsidiary Guarantee (Dolphin Entertainment, Inc.)

Set-Off. Each Guarantor hereby irrevocably authorizes the Purchasers Purchaser at any time and from time to time while an Event of Default under any of the Transaction Documents shall have occurred and be continuing, without notice to such Guarantor or any other Guarantor, any such notice being expressly waived by each Guarantor, to set-off and appropriate and apply any and all deposits, credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by the Purchasers Purchaser to or for the credit or the account of such Guarantor, or any part thereof in such amounts as the Purchasers Purchaser may elect, against and on account of the obligations and liabilities of such Guarantor to the Purchasers Purchaser hereunder and claims of every nature and description of the Purchasers Purchaser against such Guarantor, in any currency, whether arising hereunder, under the Purchase Agreement, any other Transaction Document or otherwise, as the Purchasers Purchaser may elect, whether or not the Purchasers have Purchaser has made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. The Purchasers Purchaser shall notify such Guarantor promptly of any such set-off and the application made by the Purchasers Purchaser of the proceeds thereof, provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Purchasers Purchaser under this Section section are in addition to other rights and remedies (including, including without limitation, limitation other rights of set-off) which the Purchasers Purchaser may have.

Appears in 1 contract

Samples: Subsidiary Guarantee (AtheroNova Inc.)

Set-Off. Each Guarantor hereby irrevocably authorizes the Purchasers at any time and from time to time while an Event of Default under any of the Transaction Documents shall have occurred and be continuing, without notice to such Guarantor or any other Guarantor, any such notice being expressly waived by each Guarantor, to set-off and appropriate and apply any and all deposits, credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by the Purchasers to or for the credit or the account of such Guarantor, or any part thereof in such amounts as the Purchasers may elect, against and on account of the obligations and liabilities of such Guarantor to the Purchasers hereunder and claims of every nature and description of the Purchasers against such Guarantor, in any currency, whether arising hereunder, under the Purchase Agreement, any other Transaction Document or otherwise, as the Purchasers may elect, whether or not the Purchasers have made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. The Purchasers shall notify such Guarantor promptly of any such set-off and the application made by the Purchasers of the proceeds thereof, provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Purchasers under this Section are in addition to other rights and remedies (including, including without limitation, limitation other rights of set-off) which the Purchasers may have.

Appears in 1 contract

Samples: Subsidiary Guarantee (Blue Holdings, Inc.)

Set-Off. Each Guarantor hereby irrevocably authorizes the Purchasers at any time and from time to time while an Event of Default under any of the Transaction Documents shall have occurred and be continuing, without notice to such Guarantor or any other Guarantor, any such notice being expressly waived by each Guarantor, to set-off and appropriate and apply any and all deposits, credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by the Purchasers to or for the credit or the account of such Guarantor, or any part thereof in such amounts as the Purchasers may elect, against and on account of the obligations and liabilities of such Guarantor to the Purchasers hereunder and claims of every nature and description of the Purchasers against such Guarantor, in any currency, whether arising hereunder, under the Purchase Exchange Agreement, any other Transaction Document or otherwise, as the Purchasers may elect, whether or not the Purchasers have made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. The Purchasers shall notify such Guarantor promptly of any such set-off and the application made by the Purchasers of the proceeds thereof, provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Purchasers under this Section are in addition to other rights and remedies (includingremedies(including, without limitation, other rights of set-off) which the Purchasers may have.

Appears in 1 contract

Samples: Subsidiary Guarantee (Msgi Security Solutions, Inc)

Set-Off. Each Guarantor hereby irrevocably authorizes the Purchasers at any time and from time to time while an Event of Default under any of the Transaction Documents shall have occurred and be continuing, without notice to such Guarantor or any other Guarantor, any such notice being expressly waived by each Guarantor, to set-off and appropriate and apply any and all deposits, credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by the Purchasers to or for the credit or the account of such Guarantor, or any part thereof in such amounts as the Purchasers may elect, against and on account of the obligations and liabilities of such Guarantor to the Purchasers hereunder and claims of every nature and description of the Purchasers against such Guarantor, in any currency, whether arising hereunder, under the Purchase Agreement, any other Transaction Document or otherwise, as the Purchasers may elect, whether or not the Purchasers have made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. The Purchasers shall notify such Guarantor promptly of any such set-off and the application made by the Purchasers of the proceeds thereof, provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Purchasers under this Section 5(f) are in addition to other rights and remedies (including, without limitation, other rights of set-off) which the Purchasers may have.

Appears in 1 contract

Samples: Subsidiary Guarantee (Consolidated Energy Inc)

Set-Off. Each Guarantor hereby irrevocably authorizes the Purchasers Lender at any time and from time to time while an Event of Default under any of the Transaction Documents shall have occurred and be continuing, without notice to such Guarantor or any other Guarantor, any such notice being expressly waived by each Guarantor, to set-off and appropriate and apply any and all deposits, credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by the Purchasers Lender to or for the credit or the account of such Guarantor, or any part thereof in such amounts as the Purchasers Lender may elect, against and on account of the obligations and liabilities of such Guarantor to the Purchasers Lender hereunder and claims of every nature and description of the Purchasers Lender against such Guarantor, in any currency, whether arising hereunder, under the Purchase Bridge Loan Agreement, any other Transaction Document or otherwise, as the Purchasers Lender may elect, whether or not the Purchasers Lender have made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. The Purchasers Lender shall notify such Guarantor promptly of any such set-off and the application made by the Purchasers Lender of the proceeds thereof, provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Purchasers Lender under this Section are in addition to other rights and remedies (including, without limitation, other rights of set-off) which the Purchasers Lender may have.

Appears in 1 contract

Samples: Subsidiary Guarantee (Sonoma College Inc)

Set-Off. Each Guarantor hereby irrevocably authorizes the Purchasers Purchaser at any time and from time to time while an Event of Default under any of the Transaction Documents shall have occurred and be continuing, without notice to such Guarantor or any other Guarantor, any such notice being expressly waived by each Guarantor, to set-off and appropriate and apply any and all deposits, credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by the Purchasers Purchaser to or for the credit or the account of such Guarantor, or any part thereof in such amounts as the Purchasers Purchaser may elect, against and on account of the obligations and liabilities of such Guarantor to the Purchasers Purchaser hereunder and claims of every nature and description of the Purchasers Purchaser against such Guarantor, in any currency, whether arising hereunder, under the Purchase Agreement, any other Transaction Document or otherwise, as the Purchasers Purchaser may elect, whether or not the Purchasers Purchaser have made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. The Purchasers Purchaser shall notify such Guarantor promptly of any such set-off and the application made by the Purchasers Purchaser of the proceeds thereof, provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Purchasers Purchaser under this Section are in addition to other rights and remedies (including, including without limitation, limitation other rights of set-off) which the Purchasers Purchaser may have.. (g)

Appears in 1 contract

Samples: Subsidiary Guarantee (Casita Enterprises, Inc.)

Set-Off. Each The Guarantor hereby irrevocably authorizes the Purchasers Purchaser at any time and from time to time while an Event of Default under any of the Transaction Documents Notes shall have occurred and be continuing, without notice to such Guarantor or any other Guarantor, any such notice being expressly waived by each Guarantor, to set-off and appropriate and apply any and all deposits, credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by the Purchasers Purchaser to or for the credit or the account of such Guarantor, or any part thereof in such amounts as the Purchasers Purchaser may elect, against and on account of the obligations and liabilities of such Guarantor to the Purchasers Purchaser hereunder and claims of every nature and description of the Purchasers Purchaser against such Guarantor, in any currency, whether arising hereunder, under the Purchase Agreement, any other Transaction Document Notes or otherwise, as the Purchasers Purchaser may elect, whether or not the Purchasers Purchaser have made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. The Purchasers Purchaser shall notify such Guarantor promptly of any such set-off and the application made by the Purchasers Purchaser of the proceeds thereof, provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Purchasers Purchaser under this Section are in addition to other rights and remedies (including, without limitation, other rights of set-off) which the Purchasers Purchaser may have.

Appears in 1 contract

Samples: Subsidiary Guarantee (Gaming Technologies, Inc.)

Set-Off. Each Guarantor hereby irrevocably authorizes the Purchasers Lender at any time and from time to time while an Event of Default under any of the Transaction Documents shall have occurred and be continuing, without notice to such Guarantor or any other Guarantor, any such notice being expressly waived by each Guarantor, to set-off and appropriate and apply any and all deposits, credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by the Purchasers Lender to or for the credit or the account of such Guarantor, or any part thereof in such amounts as the Purchasers Lender may elect, against and on account of the obligations and liabilities of such Guarantor to the Purchasers Lender hereunder and claims of every nature and description of the Purchasers Lender against such Guarantor, in any currency, whether arising hereunder, under the Purchase Loan Agreement, any other Transaction Document or otherwise, as the Purchasers Lender may elect, whether or not the Purchasers have Lender has made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. The Purchasers Lender shall notify such Guarantor promptly of any such set-off and the application made by the Purchasers Lender of the proceeds thereof, provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Purchasers Lender under this Section are in addition to other rights and remedies (including, without limitation, other rights of set-off) which the Purchasers Lender may have.. (g)

Appears in 1 contract

Samples: Guaranty Agreement        guaranty Agreement (Universal Property Development & Acquisition Corp)

Set-Off. Each Guarantor hereby irrevocably authorizes the Purchasers at any time and from time to time while an Event of Default under any of the Transaction Documents shall have occurred and be continuing, without notice to such Guarantor or any other Guarantor, any such notice being expressly waived by each Guarantor, to set-off and off, appropriate and apply any and all deposits, credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by the Purchasers to or for the credit or the account of such Guarantor, or any part thereof in such amounts as the Purchasers may elect, against and on account of the obligations and liabilities of such Guarantor to the Purchasers hereunder and claims of every nature and description of the Purchasers against such Guarantor, in any currency, whether arising hereunder, under the Purchase Agreement, any other Transaction Document or otherwise, as the Purchasers may elect, whether or not the Purchasers have made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. The Purchasers shall notify such Guarantor promptly of any such set-off and the application made by the Purchasers of the proceeds thereof, provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Purchasers under this Section are in addition to other rights and remedies (including, without limitation, other rights of set-off) which the Purchasers may have.

Appears in 1 contract

Samples: Subsidiary Guarantee (Peoples Liberation Inc)

Set-Off. Each Guarantor hereby irrevocably authorizes the Purchasers Purchaser at any time and from time to time while an Event of Default under any of the Transaction Documents shall have occurred and be continuing, without notice to such Guarantor or any other Guarantor, any such notice being expressly waived by each Guarantor, to set-off and appropriate and apply any and all deposits, credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by the Purchasers Purchaser to or for the credit or the account of such Guarantor, or any part thereof in such amounts as the Purchasers Purchaser may elect, against and on account of the obligations and liabilities of such Guarantor to the Purchasers Purchaser hereunder and claims of every nature and description of the Purchasers Purchaser against such Guarantor, in any currency, whether arising hereunder, under the Purchase Agreement, any other Transaction Document or otherwise, as the Purchasers Purchaser may elect, whether or not the Purchasers have Purchaser has made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. The Purchasers Purchaser shall notify such Guarantor promptly of any such set-off and the application made by the Purchasers Purchaser of the proceeds thereof, provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Purchasers Purchaser under this Section are in addition to other rights and remedies (including, without limitation, other rights of set-off) which the Purchasers Purchaser may have.

Appears in 1 contract

Samples: Subsidiary Guarantee (Snap Interactive, Inc)

Set-Off. Each Guarantor hereby irrevocably authorizes the Purchasers Lender at any time and from time to time while an Event of Default under any of the Transaction Documents shall have occurred and be continuing, without notice to such Guarantor or the Borrower or any other Guarantor, any such notice being expressly waived by each Guarantor, to set-off and appropriate and apply any and all depositsdeposits (general or special, time or demand, provisional or final), in any currency, and any other credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by the Purchasers such party to or for the credit or the account of such Guarantor, or any part thereof in such amounts as the Purchasers Lender may elect, against and on account of the obligations and liabilities of such Guarantor to the Purchasers Lender hereunder and claims of every nature and description of the Purchasers Lender against such Guarantor, in any currency, whether arising hereunder, under the Purchase Working Capital Facility Agreement, any other Transaction Document or otherwise, as the Purchasers Lender may elect, whether or not the Purchasers have Lender has made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. The Purchasers Lender shall notify such Guarantor promptly of any such set-off and the application made by the Purchasers Lender of the proceeds thereof, provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Purchasers Lender under this Section 5.6 are in addition to other rights and remedies (including, without limitation, other rights of set-off) which the Purchasers Lender may have.

Appears in 1 contract

Samples: Guaranty Agreement (Dasan Zhone Solutions Inc)

Set-Off. Each Guarantor hereby irrevocably authorizes the Purchasers Holder at any time and from time to time while an Event of Default under any of the Transaction Documents shall have occurred and be continuing, without notice to such Guarantor or any other Guarantor, any such notice being expressly waived by each Guarantor, to set-off and appropriate and apply any and all depositsdeposits (general or special, time or demand, provisional or final), in any currency, and any other credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by the Purchasers Holder to or for the credit or the account of such Guarantor, or any part thereof in such amounts as the Purchasers Holder may elect, against and on account of the obligations and liabilities of such Guarantor to the Purchasers Holder hereunder and claims of every nature and description of the Purchasers Holder against such Guarantor, in any currency, whether arising hereunder, under the Purchase Debentures, the Loan Agreement, any other Transaction Loan Document or otherwise, as the Purchasers Holder may elect, whether or not the Purchasers have Holder has made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. The Purchasers Holder shall notify such Guarantor promptly of any such set-off and the application made by the Purchasers Holder of the proceeds thereof, provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Purchasers Holder under this Section are in addition to other rights and remedies (including, without limitation, other rights of set-off) which the Purchasers Holder may have.. 8 Section 5.07

Appears in 1 contract

Samples: Assumption Agreement         assumption Agreement (Digital Recorders Inc)

Set-Off. Each Guarantor hereby irrevocably authorizes the Purchasers Secured Parties at any time and from time to time while an Event of Default under any of the Transaction Documents shall have occurred and be continuing, without notice to such Guarantor or any other Guarantor, any such notice being expressly waived by each Guarantor, to set-off and appropriate and apply any and all deposits, credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by the Purchasers Secured Parties to or for the credit or the account of such Guarantor, or any part thereof in such amounts as the Purchasers Secured Parties may elect, against and on account of the obligations and liabilities of such Guarantor to the Purchasers Secured Parties hereunder and claims of every nature and description of the Purchasers Secured Parties against such Guarantor, in any currency, whether arising hereunder, under the Purchase Security Agreement, any other Transaction Document or otherwise, as the Purchasers Secured Parties may elect, whether or not the Purchasers Secured Parties have made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. The Purchasers Secured Parties shall notify such Guarantor promptly of any such set-off and the application made by the Purchasers Secured Parties of the proceeds thereof, provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Purchasers Secured Parties under this Section are in addition to other rights and remedies (includingremedies(including, without limitation, other rights of set-off) which the Purchasers Secured Parties may have.

Appears in 1 contract

Samples: Subsidiary Guarantee (Fearless International, Inc.)

Set-Off. Each Guarantor hereby irrevocably authorizes the Purchasers at ------- any time and from time to time while an Event of Default under any of the Transaction Documents shall have occurred and be continuing, without notice to such Guarantor or any other Guarantor, any such notice being expressly waived by each Guarantor, to set-off and appropriate and apply any and all deposits, credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by the Purchasers to or for the credit or the account of such Guarantor, or any part thereof in such amounts as the Purchasers may elect, against and on account of the obligations and liabilities of such Guarantor to the Purchasers hereunder and claims of every nature and description of the Purchasers against such Guarantor, in any currency, whether arising hereunder, under the Purchase Agreement, any other Transaction Document or otherwise, as the Purchasers may elect, whether or not the Purchasers have made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. The Purchasers shall notify such Guarantor promptly of any such set-off and the application made by the Purchasers of the proceeds thereof, provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Purchasers under this Section are in addition to other rights and remedies (includingremedies(including, without limitation, other rights of set-off) which the Purchasers may have.

Appears in 1 contract

Samples: Subsidiary Guarantee (Trinity Learning Corp)

Set-Off. Each Guarantor hereby irrevocably authorizes the Purchasers at any time and from time to time while an Event of Default under any of the Transaction Documents shall have occurred and be continuing, without notice to such Guarantor or any other Guarantor, any such notice being expressly waived by each Guarantor, to set-off and appropriate and apply any and all deposits, credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by the Purchasers to or for the credit or the account of such Guarantor, or any part thereof in such amounts as the Purchasers may elect, against and on account of the obligations and liabilities of such Guarantor to the Purchasers hereunder and claims of every nature and description of the Purchasers against such Guarantor, in any currency, whether arising hereunder, under the Purchase Agreement, any other Transaction Document or otherwise, as the Purchasers may elect, whether or not the Purchasers have made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. The Purchasers shall notify such Guarantor promptly of any such set-off and the application made by the Purchasers of the proceeds thereof, provided PROVIDED that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Purchasers under this Section are in addition to other rights and remedies (includingremedies(including, without limitation, other rights of set-off) which the Purchasers may have.

Appears in 1 contract

Samples: Assumption Agreement (Viragen Inc)

Set-Off. Each Guarantor hereby irrevocably authorizes the Collateral Agent, on behalf of itself and the Purchasers at any time and from time to time while an Event of Default (as defined in the Notes) or other default under any of the Transaction Documents shall have occurred and be continuing, without notice to such Guarantor or any other Guarantor, any such notice being expressly waived by each Guarantor, to set-set off and appropriate and apply any and all deposits, credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by the Purchasers to or for the credit or the account of such Guarantor, or any part thereof in such amounts as the Collateral Agent, on behalf of itself and the Purchasers may elect, against and on account of the obligations and liabilities of such Guarantor to the Purchasers hereunder and claims of every nature and description of the Purchasers against such Guarantor, in any currency, whether arising hereunder, under the Purchase Agreement, any other Transaction Document or otherwise, as the Collateral Agent, on behalf of itself and the Purchasers may elect, whether or not the Collateral Agent, on behalf of itself and the Purchasers have made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. The Collateral Agent, on behalf of itself and the Purchasers shall notify such Guarantor promptly of any such set-off and the application made by the Collateral Agent, on behalf of itself and the Purchasers of the proceeds thereof, provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Collateral Agent, on behalf of itself and the Purchasers under this Section 5(f) are in addition to other rights and remedies (including, without limitation, other rights of set-off) which the Purchasers may have.

Appears in 1 contract

Samples: Guaranty (BitNile Metaverse, Inc.)

Set-Off. Each Guarantor hereby irrevocably authorizes the Purchasers Purchaser at any time and from time to time while an Event of Default under any of (as defined in the Transaction Documents Note) shall have occurred and be continuing, without notice to such Guarantor or any other Guarantor, any such notice being expressly waived by each Guarantor, to set-set off and appropriate and apply any and all deposits, credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by the Purchasers Purchaser to or for the credit or the account of such Guarantor, or any part thereof in such amounts as the Purchasers Purchaser may elect, against and on account of the obligations and liabilities of such Guarantor to the Purchasers Purchaser hereunder and claims of every nature and description of the Purchasers Purchaser against such Guarantor, in any currency, whether arising hereunder, under the Purchase Agreement, any other Transaction Document or otherwiseNote, as the Purchasers Purchaser may elect, whether or not the Purchasers Purchaser have made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. The Purchasers Purchaser shall notify such Guarantor promptly of any such set-off and the application made by the Purchasers Purchaser of the proceeds thereof, provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Purchasers Purchaser under this Section 5(f) are in addition to other rights and remedies (including, without limitation, other rights of set-off) which the Purchasers Purchaser may have.

Appears in 1 contract

Samples: Guaranty (Ault Alliance, Inc.)

Set-Off. Each Guarantor hereby irrevocably authorizes the Purchasers Lender at any time and from time to time while an Event of Default under any of the Transaction Documents shall have occurred and be continuing, without notice to such Guarantor or any other Guarantor, any such notice being expressly waived by each Guarantor, to set-off and appropriate and apply any and all deposits, credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by the Purchasers Lender to or for the credit or the account of such Guarantor, or any part thereof in such amounts as the Purchasers Lender may elect, against and on account of the obligations and liabilities of such Guarantor to the Purchasers Lender hereunder and claims of every nature and description of the Purchasers Lender against such Guarantor, in any currency, whether arising hereunder, under the Purchase AgreementLoan Agreements, any other Transaction Document or otherwise, as the Purchasers Lender may elect, whether or not the Purchasers have Lender has made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. The Purchasers Lender shall notify such Guarantor promptly of any such set-off and the application made by the Purchasers Lender of the proceeds thereof, provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Purchasers Lender under this Section are in addition to other rights and remedies (including, without limitation, other rights of set-off) which the Purchasers Lender may have.

Appears in 1 contract

Samples: Subsidiary Guarantee (Universal Property Development & Acquisition Corp)

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