Common use of Rights of Setoff Clause in Contracts

Rights of Setoff. Upon the occurrence and during the continuance of any Event of Default, the Lender is authorized at any time and from time to time to the fullest extent permitted by applicable Laws, and without notice or demand, to set off and apply any and all deposits (general or special, time or demand, provisional or final) at any time held and other indebtedness at any time owing by the Lender to or for the credit or account of the Guarantor against any and all obligations of the Guarantor under this Guaranty.

Rights of Setoff. Upon the occurrence and during the continuance of any Event of Default, the Lender Bank is authorized at any time and from time to time to the fullest extent permitted by applicable Laws, and without notice or demand, to set off and apply any and all deposits (general or special, time or demand, provisional or final) at any time held and other indebtedness at any time owing by the Lender Bank to or for the credit or account of the Guarantor against any and all obligations of the Guarantor under this GuarantyGuarantee.

Rights of Setoff. Upon the occurrence and during the continuance of any Event of Default, the Lender Bank is authorized at any time and from time to time to the fullest extent permitted by applicable Laws, and without notice or demand, to set off and apply any and all deposits (general or special, time or demand, provisional or final) at any time held and other indebtedness at any time owing by the Lender Bank to or for the credit or account of the Guarantor against any and all obligations of the Guarantor under this GuarantyGUARANTEE.