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 Indebtedness 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 cent 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. (a) All moneys monies received by the Bank from any person or estate capable of being applied in reduction of the Indebtedness 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 monies 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 cent 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 received by the Bank Financier from any person or estate capable of being applied in reduction of the Indebtedness 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 Financier or any order be made or any effective resolution shall be passed for the winding up of any company liable to the BankFinancier, the Bank Financier 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 Financier has received from all sources one hundred cent in the Ringgit Malaysia and if the amount ultimately received by the Bank Financier exceeds the amount of the ultimate balance owing to the Bank Financier, the excess only over such ultimate balance shall be repaid paid to the person or party on whose account the same shall have been received by the BankFinancier.

ALL PAYMENTS RECEIVED TO BE PAYMENT IN GROSS. (a) All moneys monies received by the Bank from any person or estate capable of being applied in reduction of the Indebtedness 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 monies 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 cent percent 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 received by the Bank from any person or estate capable of being applied in reduction of the Indebtedness Selling Price 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 cent 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.