Combination of Accounts Sample Clauses

Combination of Accounts. As between each Xxxxxx Xxxxxxx Company and the Client, a Xxxxxx Xxxxxxx Company may, at any time following an Event of Default, without notice to the Client combine, consolidate or merge all or any of the Accounts with that Xxxxxx Xxxxxxx Company with any Liabilities owed to that Xxxxxx Xxxxxxx Company and may set off any amount standing to the credit of any such Accounts in or towards satisfaction of any of the Client's Liabilities to that Xxxxxx Xxxxxxx Company. Each Xxxxxx Xxxxxxx Company may do so notwithstanding that the balances on such Accounts and the Liabilities may not be expressed in the same currency and a Xxxxxx Xxxxxxx Company is hereby authorised to effect any necessary conversions in accordance with paragraph K.4..
Combination of Accounts. The Bank shall be entitled (but shall not be obliged) at any time at its absolute discretion and without notice to the Borrower to combine or consolidate or merge all or any of its accounts and liabilities with and to the Bank anywhere whether in or outside Malaysia whether singly or jointly with any other person and may transfer or set off any sums in credit in such accounts in or towards satisfaction of any of the Indebtedness or the Borrower’s liabilities whether actual or contingent, primary or collateral notwithstanding that the credit balances on such accounts and the liabilities on any other accounts may not be expressed in the same currency and the Bank is hereby authorised to effect any necessary conversions at the Bank’s own rate of exchange then prevailing. The Bank shall not be liable for any loss or damage arising from the operation of this sub-section.
Combination of Accounts. In addition to any general lien, right to combine accounts, right to set-off or other right which it may at any time have, the Lender shall have the right at any time or times, without notice to the relevant Chargor, to combine or consolidate all or any accounts which it then has in relation to such Chargor (in whatever name) and any Secured Liabilities owed by such Chargor to the Lender, and/or to set- off or transfer any amounts standing to the credit of one or more accounts of such Chargor in or towards satisfaction of any Secured Liabilities owed to the Lender on any other account or otherwise.
Combination of Accounts. The authority which the Client has given to the Broker in paragraph 3.6 of this Agreement shall not entitle the Broker to combine or consolidate any account(s) in the name of the Partnership then in credit with any account(s) in the name(s) of any one of more of the Partners (not being all of the Partners) 9.5 ' bA: b c 3.6 ¼13 eW › V3 e$ 4 K Û &M3 $TGzJW b ›Y— % K ▲(fl4$K ▲) &M3 $ GzJW b then in debit. KH GK°
Combination of Accounts. The Customer agrees that the Bank has the right, particularly if an Event of Default has occur, without any notice to the Customer, to combine, consolidate or merge all or any number of the Customer's accounts with the Bank anywhere whether in or outside Malaysia (whether savings, current, deposit, financing or any other account of any nature whatsoever, whether due or not, whether subject to notice or not, whether in Ringgit Malaysia or in any other currency and whether in the Customer's name alone or in the joint names of the Customer and another person(s) including accounts in the name of the Bank. The Bank also have the right after giving the Customer seven (7) days’ notice, to set-off or transfer any sum standing to the credit of any one or more of such accounts in or towards satisfaction of the Indebtedness or any part thereof whether present or future, actual or contingent, primary or collateral, or joint or several.
Combination of Accounts. The Borrower agrees that the Bank has the right, particularly if an Event of Default has occur, without any notice to the Borrower, to combine, consolidate or merge all or any number of the Borrower's accounts with the Bank anywhere whether in or outside Malaysia (whether savings, current, deposit, loan or any other account of any nature whatsoever, whether due or not, whether subject to notice or not, whether in Ringgit Malaysia or in any other currency and whether in the Borrower's name alone or in the joint names of the Borrower and another person(s) including accounts in the name of the Bank. The Bank also have the right after giving the Borrower seven (7) days’ notice, to set-off or transfer any sum standing to the credit of any one or more of such accounts in or towards satisfaction of the Indebtedness or any part thereof whether present or future, actual or contingent, primary or collateral, or joint or several.
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Combination of Accounts. The Guarantor authorises PHF without notice and in its discretion to apply credit balances in any account of the Guarantor with PHF towards satisfaction of any amount then payable by the Guarantor under this deed.

Related to Combination of Accounts

  • Addition of Accounts (a) If, as of the close of business on the last day of any Collection Period, (i) the Pool Balance on such day is less than the Required Participation Amount as of the following Distribution Date (after giving effect to the allocations, distributions, withdrawals and deposits to be made on such Distribution Date), or (ii) the result obtained by multiplying (x) the Seller's Participation Amount as of the following Distribution Date (after giving effect to the allocations, distributions, withdrawals and deposits to be made on such Distribution Date), by (y) the percentage equivalent of the portion of the Seller's Interest represented by the CARCO Certificate, is less than 2% of the Pool Balance on such last day, then the Seller shall, within 10 Business Days following the end of such Collection Period, designate and transfer to the Trust the Receivables (and the related Collateral Security) of additional Eligible Accounts of the Seller to be included as Accounts in a sufficient amount such that after giving effect to such addition (i) the Pool Balance as of the close of business on the Addition Date is at least equal to such Required Participation Amount or (ii) the result obtained by multiplying (x) such Seller's Participation Amount by (y) the percentage equivalent of the portion of the Seller's Interest represented by the CARCO Certificate, is at least equal to 2% of such Pool Balance, as the case may be. The Seller shall satisfy the conditions specified in Section 2.05(d) in designating such Additional Accounts and conveying the related Receivables to the Trust. The failure of the Seller to transfer Receivables to the Trust as provided in this paragraph solely as a result of the unavailability of a sufficient amount of Eligible Receivables shall not constitute a breach of this Agreement; provided, however, that any such failure will nevertheless result in the occurrence of an Early Amortization Event described in Section 9.01(a).

  • Location of accounts The Borrower shall promptly:

  • Collection of Accounts 43 5.4 Payments ............................................................................. 44 5.5 Authorization to Make Loans .......................................................... 44 5.6

  • Administration of Accounts You agree that You shall be solely responsible for management of Your Administrator account(s) and all Your Managed Apple IDs, including but not limited to: (i) the security and safeguarding of the user name and password associated with each account; (ii) the provision and/or removal of access by any of Your personnel or End Users to such account and any Content provided and/or stored in the Service; and (iii) the provision of appropriate documentation and guidelines to End Users about using the Managed Apple ID accounts.

  • Termination of Account We may terminate your account at any time without notice to you or may require you to close your account and apply for a new account if: (1) there is a change in owners or authorized signers; (2) there has been a forgery or fraud reported or committed involving your account; (3) there is a dispute as to the ownership of the account or of the funds in the account; (4) any checks or drafts are lost or stolen; (5) there are excessive returned unpaid items not covered by an overdraft protection plan; (6) there has been any misrepresentation or any other abuse of any of your accounts; or (7) we reasonably deem it necessary to prevent a loss to us. You may terminate an individual account by giving written notice. We reserve the right to require the consent of all owners to terminate a joint account. We are not responsible for payment of any check, draft, withdrawal, transaction, or other item after your account is terminated; however, if we pay an item after termination, you agree to reimburse us.

  • Protection of Accounts The Servicer may transfer the Custodial Account or the Escrow Account to a different Qualified Depository from time to time. Such transfer shall be made only upon obtaining the consent of the Owner and the Master Servicer, which consent shall not be withheld unreasonably. The Servicer shall bear any expenses, losses or damages sustained by the Owner because the Custodial Account and/or the Escrow Account are not demand deposit accounts. Amounts on deposit in the Custodial Account and the Escrow Account may at the option of the Servicer be invested in Eligible Investments; provided that in the event that amounts on deposit in the Custodial Account or the Escrow Account exceed the amount fully insured by the FDIC (the "Insured Amount") the Servicer shall be obligated to invest the excess amount over the Insured Amount in Eligible Investments on the same Business Day as such excess amount becomes present in the Custodial Account or the Escrow Account. Any such Eligible Investment shall mature no later than the Determination Date next following the date of such Eligible Investment, provided, however, that if such Eligible Investment is an obligation of a Qualified Depository (other than the Servicer) that maintains the Custodial Account or the Escrow Account, then such Eligible Investment may mature on such Remittance Date. Any such Eligible Investment shall be made in the name of the Servicer in trust for the benefit of the Owner. All income on or gain realized from any such Eligible Investment shall be for the benefit of the Servicer and may be withdrawn at any time by the Servicer. Any losses incurred in respect of any such investment shall be deposited in the Custodial Account or the Escrow Account, by the Servicer out of its own funds immediately as realized.

  • Verification of Accounts Agent shall have the right, at any time or times hereafter, in Agent's name or in the name of a nominee of Agent, to verify the validity, amount or any other matter relating to any Accounts, by mail, telephone, telegraph or otherwise and in any event to sign any Borrower's name on any verification of Accounts and notices thereof to Account Debtors. Prior to the occurrence of a Default or Event of Default, Agent shall give the applicable Borrower telephonic or written notice prior to any such verification.

  • Reconciliation of Accounts Any reconciliation of Accounts performed by any party hereto, or any Subservicer or Subcontractor shall be prepared no later than 45 calendar days after the bank statement cutoff date. * * * * * *

  • Description of Accounts The Financial Institution has established the following accounts (each, a “Collateral Account”): “Collection Account — as Indenture Trustee, as secured party for Ford Credit Auto Owner Trust 20 - “ with account number . “Reserve Account — as Indenture Trustee, as secured party for Ford Credit Auto Owner Trust 20 - “ with account number .

  • Investment of Accounts (a) To the extent there are uninvested amounts deposited in the Series Accounts, the Issuer shall cause such amounts to be invested in Permitted Investments selected by the Issuer that mature no later than the immediately preceding Transfer Date.

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