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 Chargee from any person or estate capable of being applied i n reduction of the Indebtedness shall be regarded for all purpose as payments in gross and if a receiving order sha ll be made against any person liable to the Chargee . If a receiving order shall be made or any effective resolution be passed for the winding -up of any Company liable to the Chargee, the 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 and the full amount owing shall be payable until the Chargee has recei ved the whole amount owing. If the amount received by the Chargee exceeds the whole amount owing to the Chargee the excess shall be repaid to the person or party on whose account the same shall have been received by the Chargee.

ALL PAYMENTS RECEIVED TO BE PAYMENT IN GROSS. All moneys received by the Chargee from any person or estate capable of being applied i n in reduction of the Indebtedness shall be regarded for all purpose as payments in gross and if a receiving order sha ll shall be made against any person liable to the Chargee . Chargee.I If a receiving order shall be made or any effective resolution be passed for the winding -up winding-up of any Company liable to the Chargee, the 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 and the full amount owing shall be payable until the Chargee has recei ved received the whole amount owing. If the amount received by the Chargee exceeds the whole amount owing to the Chargee the excess shall be repaid to the person or party on whose account the same shall have been received by the Chargee.

ALL PAYMENTS RECEIVED TO BE PAYMENT IN GROSS. All moneys received by the Chargee Charg ee from any person or estate capable of being applied i n in reduction of the Indebtedness shall be regarded for all purpose as payments in gross and if a receiving order sha ll shall be made against any person liable to the Chargee . If a receiving order shall be made mad e or any effective resolution be passed for the winding -up of any Company liable to the Chargee, the 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 and the full amount am ount owing shall be payable until the Chargee has recei ved received the whole amount owing. .. If the amount received by the Chargee exceeds the whole amount owing to the Chargee the excess shall be repaid to the person or party on whose account the same shall have been received by the Chargee.

ALL PAYMENTS RECEIVED TO BE PAYMENT IN GROSS. All moneys received by the Chargee from any person or estate capable of being applied i n in reduction of the Indebtedness shall be regarded for all purpose as payments in gross and if a receiving order sha ll shall be made against any person liable to the Chargee Chargee. If a receiving order shall be made or any effective resolution be passed for the winding -up winding-up of any Company liable to the Chargee, the 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 and the full amount owing shall be payable until the Chargee has recei ved received the whole amount owing. .. If the amount received by the Chargee exceeds the whole amount owing to the Chargee the excess shall be repaid to the person or party on whose account the same shall have been received by the Chargee.

ALL PAYMENTS RECEIVED TO BE PAYMENT IN GROSS. All moneys received by the Chargee from any person or estate capable of being applied i n in reduction of the Indebtedness shall be regarded for all purpose as payments in gross and if a receiving order sha ll shall be made against any person liable to the Chargee Chargee. If a receiving order shall be made or any effective resolution be passed for the winding -up winding-up of any Company liable to the Chargee, the 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 and the full amount owing shall be payable until the Chargee has recei ved received the whole amount owing. If the amount received by the Chargee exceeds the whole amount owing to the Chargee the excess shall be repaid to the person or party on whose account the same shall have been received by the Chargee.