ALL PAYMENTS RECEIVED TO BE PAYMENT IN GROSS. All monies received by the Chargee from any person or estate capable of being applied in reduction of the Secured Amounts shall be regarded for all purpose as payments in gross and if a receiving order shall be made against any person liable to the Chargee, and if a receiving order shall be made or any effective resolution be passed for the winding-up of any Company liable to the Chargee, the Chargee may prove for the whole of the monies then owing and no money received under such proof shall be considered as having been received and the full amount owing shall be payable until the Chargee has received from all source one hundred cent in the Ringgit Malaysia and if the amount ultimately received by the Chargee exceeds the amount of the ultimate balance owing to the Chargee the excess only over such ultimate balance shall be repaid to the person or party on whose account the same shall have been received by the Chargee.
ALL PAYMENTS RECEIVED TO BE PAYMENT IN GROSS. All moneys received by the Chargee from any person or estate capable of being applied i n reduction of the Indebtedness shall be regarded for all purpose as payments in gross and if a receiving order sha ll be made against any person liable to the Chargee . If a receiving order shall be made or any effective resolution be passed for the winding -up of any Company liable to the Chargee, the Chargee may prove for the whole of the moneys then owing and no money received under such proof shall be considered as having been received and the full amount owing shall be payable until the Chargee has recei ved the whole amount owing. If the amount received by the Chargee exceeds the whole amount owing to the Chargee the excess shall be repaid to the person or party on whose account the same shall have been received by the Chargee.
ALL PAYMENTS RECEIVED TO BE PAYMENT IN GROSS. All monies received by the Bank from any person or estate capable of being applied in reduction of the Secured Amounts shall be regarded for all purpose as payments in gross and if a receiving order shall be made against any person liable to the Bank, the Bank may prove for the whole of the monies then owing and no money received under such proof shall be considered as having been received and the full amount owing shall be payable until the Bank has received from all sources one hundred cent in the Ringgit Malaysia and if the amount ultimately received by the Bank exceeds the amount of the ultimate balance owing to the Bank the excess only over such ultimate balance shall be repaid to the person or party on whose account the same shall have been received by the Bank.
ALL PAYMENTS RECEIVED TO BE PAYMENT IN GROSS. All moneys received by the Bank from any person or estate capable of being applied in reduction of the Indebtedness shall be regarded for all purposes as payments in gross and if a receiving order shall be made against any person liable to the Bank or any order be made or any effective resolution be passed for the winding up of any company liable to the Bank, the Bank may prove for the whole of the moneys then owing and no money received under such proof shall be considered as having been received and the full amount owing shall be payable until the Bank has received from all sources one hundred cent in the Ringgit Malaysia and if the amount ultimately received by the Bank exceeds the amount of the ultimate balance owing to the Bank the excess only over such ultimate balance shall be repaid to the person or party on whose account the same shall have been received by the Bank.
ALL PAYMENTS RECEIVED TO BE PAYMENT IN GROSS. All moneys received by the Bank from any person or estate capable of being applied to reduce the Indebtedness shall be regarded for all purposes as payments in gross or in total. If a receiving order or any order shall be made against any person liable to the Bank, the Bank may prove for the full amount then owing. No money received under such proof shall be considered as having been received and the full amount owing shall be payable until the Bank has received from all sources ONE HUNDRED cent in the Ringgit Malaysia. If the amount ultimately received by the Bank exceeds the amount of the final balance owing to the Bank the surplus amount shall be paid to the person or party on whose account the same shall have been received by the Bank.
ALL PAYMENTS RECEIVED TO BE PAYMENT IN GROSS. All moneys received by the Assignee from any person or estate capable of being applied in reduction of the Indebtedness shall be regarded for all purposes as payments in gross and if a receiving order shall be made against any person liable to the Assignee or any order be made or any effective resolution shall be passed for the winding up of any company liable to the Assignee, the Assignee may prove for the whole of the moneys then owing and no money received under such proof shall be considered as having been received and the full amount owing shall be payable until the Assignee has received from all sources one hundred cent in the Ringgit Malaysia and if the amount ultimately received by the Assignee exceeds the amount of the ultimate balance owing to the Assignee, the excess only over such ultimate balance shall be paid to the person or party as the Assignee at that point of time deems appropriate.
ALL PAYMENTS RECEIVED TO BE PAYMENT IN GROSS. All moneys received by the Bank from the Borrower capable of being applied in reduction of the moneys hereby secured shall be regarded for all purposes as payment in gross, and if a receiving order shall be made against the Borrower, or an order shall be made, or an effective resolution shall be passed, for the winding-up of the Borrower, the Bank may prove for the whole of the moneys then owing and no moneys received under such proof shall be considered as received in respect of this Agreement but the full amount owing shall be payable until the Bank has received from all sources one hundred sen in the Ringgit, and if the amount ultimately received by the Bank exceeds the balance owing to the Bank, the excess only over such balance shall be repaid to the Borrower on whose account the same shall have received by the Bank.
ALL PAYMENTS RECEIVED TO BE PAYMENT IN GROSS. All moneys received by the Bank from the Company hereunder and under the Security Documents shall be regarded for all purposes as payments in gross. If a receiving order is made against any person liable to the Bank or any order be made or any effective resolution be passed for the winding up of any company liable to the Bank, the Bank may prove for the whole of the moneys then owing and no money received under such proof shall be considered as having been received and the full amount owing shall be payable until the Bank has received from all sources one hundred sen in the Ringgit Malaysia and if the amount ultimately received by the Bank exceeds the amount of the ultimate balance owing to the Bank the excess only over such ultimate balance shall be repaid to the person or party on whose account the same shall have been received by the Bank.
ALL PAYMENTS RECEIVED TO BE PAYMENT IN GROSS. (a) All monies received by the Bank from any person or estate capable of being applied in reduction of the Indebtedness shall be regarded for all purposes as payments in gross and if a receiving order shall be made against any person liable to the Bank or any order be made or any effective resolution be passed for the winding up of any company liable to the Bank, the Bank may prove for the whole of the monies then owing and no money received under such proof shall be considered as having been received and the full amount owing shall be payable until the Bank has received from all sources one hundred sen in the Ringgit Malaysia and if the amount ultimately received by the Bank exceeds the amount of the ultimate balance owing to the Bank the excess only over such ultimate balance shall be repaid to the person or party on whose account the same shall have been received by the Bank.
(b) All payments to be made under the respective Tawarruq Arrangement documents shall be calculated and be made without (and free and clear of any deductions for) set-off or counterclaim and in immediately available and transferable funds for the Commodity value on the due date thereof.
ALL PAYMENTS RECEIVED TO BE PAYMENT IN GROSS. (a) All monies received by the Bank from any person or estate capable of being applied in reduction of the Indebtedness shall be regarded for all purposes as payments in gross and if a receiving order shall be made against any person liable to the Bank or any order be made or any effective resolution be passed for the winding up of any company liable to the Bank, the Bank may prove for the whole of the monies then owing and no money received under such proof shall be considered as having been received and the full amount owing shall be payable until the Bank has received from all sources one hundred percent in the Ringgit Malaysia and if the amount ultimately received by the Bank exceeds the amount of the ultimate balance owing to the Bank the excess only over such ultimate balance shall be repaid to the person or party on whose account the same shall have been received by the Bank.
(b) All payments to be made under the respective Tawarruq Arrangement documents shall be calculated and be made without (and free and clear of any deductions for) set-off or counterclaim and in immediately available and transferable funds for the Commodity value on the due date thereof.
(c) All payments by the Customer under this Agreement and/or the Transaction Documents shall be made in full without any deduction or withholding (whether in respect of set off, counterclaim, duties, taxes, charges or otherwise whatsoever) unless the deduction or withholding is required by law, in which event the Customer(s) shall:
(i) ensure that the deduction or withholding does not exceed the minimum amount legally required;
(ii) forthwith pay to the Bank such additional amount so that the net amount received by the Bank will equal the full amount which would have been received by it had no such deduction or withholding been made;
(iii) pay to the relevant taxation or other authorities within the period for payment permitted by applicable law the full amount of the deduction or withholding (including, but without prejudice to the generality of the foregoing, the full amount of any deduction or withholding from any additional amount paid pursuant to this clause); and furnish to the Bank, within the period for payment permitted by the applicable law, either an official receipt of the relevant taxation authorities in respect of all amounts so deducted or withheld as aforesaid; or if such receipts are not issued by the relevant taxation authorities on payments to them of amounts so deducted or wi...
