Accounts and Set-Off. Setting-off money You must pay the total amount owing in full, without setting-off amounts you believe we owe you and without counterclaim amounts from us. This applies except to the extent you have a right of set-off, granted by a law such as the National Credit Code, that we can’t exclude by agreement. Unless there is a genuine dispute, we can set- off any money we owe you against the total amount owing. What happens to money we receive? We will use money we receive under this agreement to pay the total amount owing, unless we have to pay it to someone with a prior claim. We can use money from an insurance claim to reinstate or replace the property or carry out other work on it. We can use any money we receive to pay any part of the total amount owing we choose, such as by paying a later instalment before an earlier instalment. Once the total amount owing is paid, we must pay any money remaining either to you or to another person entitled to it (such as someone with a security over the property). We can choose to pay it to a person we consider has a subsequent registered or unregistered security without incurring liability to you. We don’t pay interest on any money remaining after the total amount owing is paid. We will credit payments as soon as practicable after we receive them (including payments from receivers) and we don’t have to refund any payment to you. Multiple accounts We can use any money in any of your accounts with us to pay the total amount owing. If you (or a borrower or guarantor) have more than one account with us (either alone or with another person) we can treat these accounts as one, unless an amount owed to us is in genuine dispute. We don’t have to do this, and we don’t have to tell you in advance if we do.
Accounts and Set-Off. (a) We shall keep a permanent record to show all sums payable or paid to you, all payments received in relation to Debts and all fees, expenses and other sums payable or paid by you under this Agreement or otherwise. Beginning on Commencement, we will send to you a copy of such account which shall be taken as prima facie evidence of the matters stated in it at the date of its preparation unless within fourteen (14) days from receipt you notify us in writing of any discrepancy. We shall further provide you with online access via a secured website to information on the Debts and reconciliation of the relationship relating to billing, collection and account maintenance such as aging, posting, error resolution and mailing of statements in the ordinary course of our business. All of the foregoing shall be in a format and in such detail, as we, in our sole and absolute discretion, deem appropriate.
Accounts and Set-Off. 8.1 We will maintain such accounts as we consider appropriate to record all the transactions between us under this facility and you will be able to view the information online or by printed copies.
Accounts and Set-Off. The Company hereby grants to the Purchaser, as security for the full and punctual payment and performance of the Obligations, a continuing lien on and security interest in all now or hereafter existing balances, credits, accounts, deposits (general or special, time or demand, provisional or final) and all other sums credited by, maintained with or due from the Purchaser or any affiliate of the Purchaser to the Company or subject to withdrawal by the Company; and regardless of the adequacy of any collateral or other means of obtaining repayment of the Obligations, the Purchaser may at any time and without notice to the Company set off the whole or any portion or portions of any or all such balances, credits, accounts, deposits and other sums against any and all of the Obligations.
Accounts and Set-Off. 17.01 The Bank will maintain a loan account in the name of the Borrower to which it shall debit the principal amount of the Loan and all interest, fees, charges and expenses accruing in respect of the Loan from time to time and to which it shall credit each payment received by it hereunder in respect of any such principal, interest, fees, charges and/or other expenses. Such loan account shall, in the absence of manifest arithmetical error, be conclusive as to the amount from time to time due from the Borrower to the Bank in respect of the principal of, interest on and other fees, charges and expenses in respect of the Loan.
Accounts and Set-Off. (a). We shall keep a permanent record to show all sums payable or paid to you, all payments received in relation to book debts and all fees, expenses and other sums payable or paid by you under this Agreement or otherwise. No later than 10 working days from the last day of each month we will send to you a copy of such account which shall be taken as undisputed evidence of the matters stated in it at the date of its preparation unless within 14 days from despatch you notify us in writing of any discrepancy. This account shall be your invoice for VAT purposes.
Accounts and Set-Off. (a) We shall keep a permanent record to show all sums payable or paid to you, all payments received in relation to Debts and all fees, expenses and other sums payable or paid by you under this Agreement or otherwise. No later than 10 working days from the last day of each month we will send to you a copy of such account which shall be taken as undisputed evidence of the matters stated in it at the date of its preparation unless within 14 days from despatch you notify us in writing of any discrepancy.
Accounts and Set-Off. 10.1. We will send you, usually on a monthly basis, a statement of account recording the entries that we have made in your accounts with us. All entries that we make will be conclusive and binding on you unless they contain a manifest error or you identify in writing an error within 30 days of us sending such statement to you or us making such statement available for you to view via the internet.
