Common use of Discontinuance of progressive release Clause in Contracts

Discontinuance of progressive release. Regardless of anything in this Assignment, the Bank can, at its absolute discretion and without having to give any reason, and without discharging or affecting the security created by this Assignment, refuse and/or discontinue the progressive release of all or any part of the Facilities for the Customer’s and/or the Assignor’s use or benefit if:

Discontinuance of progressive release. Regardless of anything in this Assignment, the Bank can, at its absolute discretion and without having to give any reason, and without discharging or affecting the security created by this Assignment, refuse and/or discontinue the progressive release of all or any part of the Banking Facilities for the CustomerBorrower’s and/or the Assignor’s use or benefit if:if:-

Discontinuance of progressive release. Regardless of anything in this Assignment, the Bank can, at its absolute discretion and without having to give any reason, and without discharging or affecting the security created by this Assignment, refuse and/or discontinue the progressive release of all or any part of the Banking Facilities for the Customer’s Borrower‟s and/or the Assignor’s Assignor‟s use or benefit if:if –