ALL PAYMENTS RECEIVED TO BE PAYMENT IN GROSS Clause Samples

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 amount due and payable by the Customer to the Bank hereunder and under the Security Documents 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 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. 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 Financier 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 Financier or any order be made or any effective resolution shall be passed for the winding up of any company liable to the Financier, the Financier 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 Financier has received from all sources one hundred cent in the Ringgit Malaysia and if the amount ultimately received by the Financier exceeds the amount of the ultimate balance owing to the Financier, the excess only over such ultimate balance shall be paid to the person or party on whose account the same shall have been received by the Financier.

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 monies received from the Chargor from the set-off of the Deposits may be treated by the Bank as payments in gross. It will not be attributable to any specific part of the Indebtedness even if appropriated as such by the Bank. The Chargor or any other person claiming under the Chargor shall have no claim to the Deposits unless and until the Bank has received the full amount due to the Bank by the Customer or Chargor.

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. (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. All monies received from the Guarantor may be treated by the Bank as payments in gross. It will not be attributable to any specific part of the Guaranteed Amounts even if appropriated by the Bank.