Common use of Where Condition 3 Clause in Contracts

Where Condition 3. 6 applies We may reassign the relevant Debt to You. This will be begun by Us making the appropriate entries in the Records for its Notified Value. You will not own such Debt until We are paid in cleared funds for it and for all other Debts We are reassigning to You at such time.

Where Condition 3. 6 1 applies We may reassign the relevant Debt to You. This will be begun by Us making the appropriate entries in the Records for its Notified Value. You will not own such Debt until We are paid in cleared funds for it and for all other Debts We are reassigning to You at such time. We need not try to recover from the Customer or anyone else before using Our rights under this Condition 3.