By Lombard Sample Clauses
The "By Lombard" clause designates that certain actions, rights, or obligations within the agreement are to be performed or exercised specifically by Lombard, the named party. In practice, this means that whenever the contract refers to decisions, consents, or notices to be given "by Lombard," only Lombard has the authority to act in those instances, and not any other party. This clause ensures clarity regarding which party is responsible for particular contractual duties, thereby preventing confusion or disputes over who is empowered to act under the agreement.
By Lombard. Lombard may set off any matured obligation owed by an Obligor under any Lombard UK Finance Document against any obligation (whether or not matured) owed by Lombard to that Obligor. If the obligations are in different currencies, Lombard may for the purpose of the set-off convert either obligation at the relevant spot rate of exchange quoted by The Royal Bank of Scotland plc.
By Lombard. At any time whilst an Event of Default is continuing, or at any time on or after the Facility is cancelled or terminates, Lombard may set off any matured obligation owed by Hertz under any Lombard Finance Document against any obligation (whether or not matured) owed by Lombard to Hertz. If the obligations are in different currencies, Lombard may for the purpose of the set-off convert either obligation at the relevant spot rate of exchange quoted by The Royal Bank of Scotland plc. 14 Waivers; remedies cumulative The rights of Lombard under the Lombard Finance Documents:
(a) may be exercised as often as necessary;
(b) are cumulative and not exclusive of its rights under the general law; and
(c) may be waived only in writing and specifically. Delay in exercising or non-exercise of any such right is not a waiver of that right. 15 Severance If any provision of this Agreement is or becomes illegal, invalid or unenforceable in any jurisdiction, that shall not affect: