Common use of ALL PAYMENTS RECEIVED TO BE PAYMENT IN GROSS Clause in Contracts

ALL PAYMENTS RECEIVED TO BE PAYMENT IN GROSS. All moneys received by the Bank from any person or estate capable of being applied in reduction of the amount due and payable by the Customer to the Bank hereunder and under the Security Documents shall be regarded for all purposes as payments in gross, and if a receiving order shall be made against any person liable to the Bank, or any order be made or any effective resolution be passed for the winding up of any company liable to the Bank, the Bank may prove for the whole of the moneys then owing and no money received under such proof shall be considered as having been received, and the full amount owing shall be payable until the Bank has received from all sources one hundred sen in the Ringgit Malaysia, and if the amount ultimately received by the Bank exceeds the amount of the ultimate balance owing to the Bank, the excess only over such ultimate balance shall be repaid to the person or party on whose account the same shall have been received by the Bank.

ALL PAYMENTS RECEIVED TO BE PAYMENT IN GROSS. All moneys monies received by the Bank Chargee from any person or estate capable of being applied in reduction of the amount due and payable by the Customer to the Bank hereunder and under the Security Documents Secured Amounts shall be regarded for all purposes purpose as payments in gross, gross and if a receiving order shall be made against any person liable to the BankChargee, or any and if a receiving order shall be made or any effective resolution be passed for the winding winding-up of any company Company liable to the BankChargee, the Bank Chargee may prove for the whole of the moneys monies then owing and no money received under such proof shall be considered as having been received, received and the full amount owing shall be payable until the Bank Chargee has received from all sources source one hundred sen cent in the Ringgit Malaysia, Malaysia and if the amount ultimately received by the Bank Chargee exceeds the amount of the ultimate balance owing to the Bank, Chargee the excess only over such ultimate balance shall be repaid to the person or party on whose account the same shall have been received by the BankChargee.

ALL PAYMENTS RECEIVED TO BE PAYMENT IN GROSS. All moneys received by the Bank Chargee from any person or estate capable of being applied in reduction of the amount due and payable by the Customer to the Bank hereunder and under the Security Documents Indebtedness shall be regarded for all purposes purpose as payments in gross, gross and if a receiving order shall be made against any person liable to the BankChargee, or any and if a receiving order shall be made or any effective resolution be passed for the winding winding-up of any company Company liable to the BankChargee, the Bank Chargee may prove for the whole of the moneys then owing and no money received under such proof shall be considered as having been received, received and the full amount owing shall be payable until the Bank Chargee has received from all sources source one hundred sen cent in the Ringgit Malaysia, Malaysia and if the amount ultimately received by the Bank Chargee exceeds the amount of the ultimate balance owing to the Bank, Chargee the excess only over such ultimate balance shall be repaid to the person or party on whose account the same shall have been received by the BankChargee.

ALL PAYMENTS RECEIVED TO BE PAYMENT IN GROSS. All moneys received by the Bank from any person or estate capable of being applied in reduction of the amount due and payable by the Customer indebtedness moneys covenanted to the Bank hereunder and under the Security Documents be paid herein incurred shall be regarded for all purposes as payments in gross, gross and if a an adjudicating or receiving order or any order shall be made against any person liable to the Bank, Bank or any order be made against any person liable to the Bank or any order be made or any effective resolution be passed for the winding winding-up of any company liable to the Bank, the Bank may prove for the whole of the moneys then owing and no money received under such proof shall be considered as having been received, received and the full amount owing shall be payable until the Bank has received from all sources one hundred sen in the Ringgit Malaysia, . and if If the amount ultimately received by the Bank exceeds the amount of the ultimate balance owing to the Bank, the excess only over such ultimate balance shall be repaid to the person or party on whose account the same shall have been received by the Bank.

ALL PAYMENTS RECEIVED TO BE PAYMENT IN GROSS. All moneys received by the Bank from any person or estate capable of being applied in reduction of the amount due and payable by the Customer indebtedness moneys covenanted to the Bank hereunder and under the Security Documents be paid herein incurred shall be regarded for all purposes as payments in gross, gross and if a an adjudicating or receiving order or any order shall be made against any person liable to the Bank, Bank or any order be made against any person liable to the Bank or any order be made or any effective resolution be passed for the winding winding-up of any company liable to the Bank, the Bank may prove for the whole of the moneys then owing and no money received under such proof shall be considered as having been received, received and the full amount owing shall be payable until the Bank has received from all sources one hundred sen in the Ringgit Malaysia, . and if If the amount ultimately received by the Bank Bank, exceeds the amount of the ultimate balance owing to the Bank, Bank the excess only over such ultimate balance shall be repaid to the person or party on whose account the same shall have been received by the Bank.

ALL PAYMENTS RECEIVED TO BE PAYMENT IN GROSS. All moneys received by the Bank from any person or estate capable of being applied in reduction of the amount due and payable by the Customer Borrower’s Indebtedness moneys covenanted to the Bank hereunder and under the Security Documents be paid herein shall be regarded for all purposes as payments in gross, gross and if a an adjudicating or receiving order shall be made against any person liable to the Bank, Bank or any order be made or any an effective resolution be passed for the winding winding-up of any company liable to the Bank, the Bank may prove for the whole of the moneys then owing and no money received under such proof shall be considered as having been received, received and the full amount owing shall be payable until the Bank has received from all sources one hundred sen cents in the Ringgit Malaysia, Malaysia and if if. If the amount ultimately received by the Bank exceeds the amount of the ultimate balance owing to the Bank, Bank the excess only over such ultimate balance shall be repaid to the person or party on whose account the same shall have been received by the Bank.

ALL PAYMENTS RECEIVED TO BE PAYMENT IN GROSS. All moneys received by the Bank from any person or estate capable of being applied in reduction of the amount due and payable by the Customer Indebtedness moneys covenanted to the Bank hereunder and under the Security Documents be paid herein shall be regarded for all purposes as payments in gross, gross and if a an adjudicating or receiving order shall be made against any person liable to the Bank, Bank or any order be made or any effective resolution be passed for the winding winding-up of any company liable to the Bank, the Bank may prove for the whole of the moneys then owing and no money received under such proof shall be considered as having been received, received and the full amount owing shall be payable until the Bank has received from all sources one hundred sen cents in the Ringgit Malaysia, . and if If the amount ultimately received by the Bank exceeds the amount of the ultimate balance owing to the Bank, Bank the excess only over such ultimate balance shall be repaid to the person or party on whose account the same shall have been received by the Bank.