Imputation. All sums of money received by the Agent and the Secured Parties from the Borrower or from anyone whomsoever, which may be imputed in reduction of the Guaranteed Obligations, shall be considered as payments which the Agent and the Secured Parties may impute, subject to the provisions of the Transaction Documents, as they see fit, notwithstanding the provisions of Article 1572 of the Civil Code of Quebec as well as every other legal rule concerning the imputation of payments.
Appears in 2 contracts
Sources: Note Purchase Agreement (BELLUS Health Inc.), Note Purchase Agreement (BELLUS Health Inc.)