Additional Rights of the Bank. (1) The Bank shall have the right and power to institute and maintain such suits and proceedings as it may deem appropriate to protect and enforce the rights vested in it by this Agreement and may proceed by suit or suits at law or in equity to enforce such rights and to foreclose upon and sell the Collateral or any part thereof pursuant to the judgment or decree of a court of competent jurisdiction.
Additional Rights of the Bank. We may, in our sole discretion: (a) limit the amount, number, or type of transactions you can make on your Card; (b) refuse to issue a Card; and (c) repossess, revoke, suspend, block or cancel your Card, your Card privileges, or any features or services of your Card at any time, with or without cause or notice, subject to applicable law. If we block, suspend, or cancel your Card because we detect what we reasonably believe to be fraudulent, suspicious, or criminal activity or any activity inconsistent with this Agreement, we will not be liable for any resulting unavailability of the funds in your Card Account or your inability to use your Card.
Additional Rights of the Bank. The Bank is authorized to take any action necessary to protect its rights in the security provided hereunder (whether or not a drawing, claim or demand for payment has been made under the Credit) including but not limited to segregating all or any part of the balance of any deposit account referred to in paragraph 10(A) or other security to be applied to the Applicant's obligations to the Bank as provided in paragraph 11.
Additional Rights of the Bank. The Dealer authorizes the Bank, its officers or employees, without notice to the Dealer and without limiting or affecting the Dealer's obligations to the Bank, to:
Additional Rights of the Bank. So long as the Letters of Credit are in full force and effect, the Bank shall have the sole right and power to take, make, give or withhold any consent to any amendment, substitution or release of any of the Bank Mortgage, the Security Agreement, the Guarantor Security Agreement or the property subject to the lien or interests created therein and (except for the right of the Issuers or either of them to declare an event of default and to exercise their other remedies thereunder) to exercise all rights and remedies provided for herein, in the Indenture, or in the other Credit Documents with respect to the Collateral.
Additional Rights of the Bank. The Client agrees that the Bank has the right to reject payment on any check or execution of any transfer or the receipt of any deposit which it deems conflicts with the aforementioned terms, and may place restrictions on deposits or withdrawals from those accounts, or even close the account. FIFTEEN DAY NOTICE: The Bank reserves the right to require an advance notice of 15 days before permitting a withdrawal on Time Deposits, only if it coincides with the normal maturity of the deposit. As per existing internal policies and those provided for by the regulations of The Bahamas, Time Deposits may not be cancelled or reduced before their maturity. Exceptional cases, such as illness and verifiable emergencies may be evaluated and approved by the Bank, as is contemplated in the Law, in which cases a penalty may be apply. INSUFFICIENT FUNDS: The Client is required to maintain on deposit in the Bank enough money to cover the payment of any checks drawn on the account. Any balances below the minimum required by the Bank will incur a monthly service charge. The Bank may, at its own discretion, authorize the payment of checks against funds not yet available in the account or still to be compensated. In these cases, the client authorizes the Bank to charge interest for the period of time the account remains overdrawn and authorizes it to debit or charge the interest on a monthly basis. The interest will be charged according to the prevailing interest rates in the market. In no case shall it be less that 18% annually or $20.00 minimum. Additionally, the Bank may authorize overdrafts on the account, in which case similar interest charges will apply, but not limited to those indicated in the previous paragraph and the Client accepts this unconditionally. The balances below the minimum average required by the bank will be subject to monthly service charges.
Additional Rights of the Bank. (a) The Bank may take or release other security for the payment of the Loan and other indebtedness secured by the Loan Documents, may release any party primarily or secondarily liable therefor, and may apply any other security held by it to the satisfaction of the Loan and such other indebtedness without prejudice to any of its rights under this Assignment. The Bank may release the Subject Property and/or the Lease, or any interest therein, from this Assignment.
