Common use of Application of credit balances Clause in Contracts

Application of credit balances. Each Creditor Party may without prior notice: (a) apply any balance (whether or not then due) which at any time stands to the credit of any account in the name of the Borrower at any office in any country of that Creditor Party in or towards satisfaction of any sum then due from the Borrower to that Creditor Party under any of the Finance Documents; and (b) for that purpose: (i) break, or alter the maturity of, all or any part of a deposit of the Borrower; (ii) convert or translate all or any part of a deposit or other credit balance into Dollars; (iii) enter into any other transaction or make any entry with regard to the credit balance which the Creditor Party concerned considers appropriate.

Application of credit balances. Each Creditor Party may without prior notice: (a) apply any balance (whether or not then due) which at any time stands to the credit of any account in the name of the a Borrower at any office in any country of that Creditor Party in or towards satisfaction of any sum then due from the that Borrower to that Creditor Party under any of the Finance Documents; and (b) for that purpose: (i) break, or alter the maturity of, all or any part of a deposit of the that Borrower; (ii) convert or translate all or any part of a deposit or other credit balance into Dollars;; and (iii) enter into any other transaction or make any entry with regard to the credit balance which the Creditor Party concerned considers appropriate.

Application of credit balances. Each Creditor Party may without prior notice: (a) apply any balance (whether or not then due) which at any time stands to the credit of any account in the name of the Borrower Guarantor at any office in any country of that Creditor Party in or towards satisfaction of any sum then due from the Borrower Guarantor to that Creditor Party under any of the Finance Documentsthis Guarantee; and (b) for that purpose: (i) break, or alter the maturity of, all or any part of a deposit of the BorrowerGuarantor; (ii) convert or translate all or any part of a deposit or other credit balance into Dollars; (iii) enter into any other transaction or make any entry with regard to the credit balance which the Creditor Party concerned considers appropriate.

Application of credit balances. Each Creditor Party may without prior notice: (a) apply any balance (whether or not then due) which at any time stands to the credit of any account in the name of the a Borrower at any office in any country of that Creditor Party in or towards satisfaction of any sum then due from the that Borrower to that Creditor Party under any of the Finance Documents; and (b) for that purpose: (ic) break, or alter the maturity of, all or any part of a deposit of the that Borrower; (iid) convert or translate all or any part of a deposit or other credit balance into Dollars;; and (iiie) enter into any other transaction or make any entry with regard to the credit balance which the Creditor Party concerned considers appropriate.

Application of credit balances. Each Creditor Party may without prior notice: (a) apply any balance (whether or not then due) which at any time stands to the credit of any account in the name of the Borrower at any office in any country of that Creditor Party in or towards satisfaction of any sum then due from the Borrower to that Creditor Party under any of the Finance Documents; and (b) for that purpose: (i) break, or alter the maturity of, all or any part of a deposit of the Borrower; (ii) convert or translate all or any part of a deposit or other credit balance into Dollars;; and (iii) enter into any other transaction or make any entry with regard to the credit balance which the Creditor Party concerned considers appropriate.

Application of credit balances. Each Creditor Party may without prior notice: (a) apply any balance (whether or not then due) which at any time stands to the credit of any account in the name of the any Borrower at any office in any country of that Creditor Party in or towards satisfaction of any sum then due from the Borrower Borrowers or any of them to that Creditor Party under any of the Finance Documents; and (b) for that purpose: (i) break, or alter the maturity of, all or any part of a deposit of the a Borrower; (ii) convert or translate all or any part of a deposit or other credit balance into Dollars; (iii) enter into any other transaction or make any entry with regard to the credit balance which the Creditor Party concerned considers appropriate.

Application of credit balances. Each Creditor Party may without prior notice: (a) apply any balance (whether or not then due) which at any time stands to the credit of any account in the name of the Borrower Guarantor at any office in any country of that Creditor Party in or towards satisfaction of any sum then due from the Borrower Guarantor to that Creditor Party under this any of the Finance Documents; and (b) for that purpose: (i) break, or alter the maturity of, all or any part of a deposit of the BorrowerGuarantor; (ii) convert or translate all or any part of a deposit or other credit balance into Dollars;; and (iii) enter into any other transaction or make any entry with regard to the credit balance which the Creditor Party concerned considers appropriate.

Application of credit balances. Each Creditor Party may without prior notice: (a) apply any balance (whether or not then due) which at any time stands to the credit of any account in the name of the Borrower Guarantor at any office in any country of that Creditor Party in or towards satisfaction of any sum then due from the Borrower Guarantor to that Creditor Party under this Guarantee or any of the other Finance Documents; and (b) for that purpose: (i) break, or alter the maturity of, all or any part of a deposit of the BorrowerGuarantor; (ii) convert or translate all or any part of a deposit or other credit balance into Dollars;; and (iii) enter into any other transaction or make any entry with regard to the credit balance which the Creditor Party concerned considers appropriate.

Application of credit balances. Each Creditor Party may without prior notice: (a) apply any balance (whether or not then due) which at any time stands to the credit of any account in the name of the a Borrower at any office in any country of that Creditor Party in or towards satisfaction of any sum then due from the that Borrower to that Creditor Party under any of the Finance Documents; and (b) for that purpose: (i) break, or alter the maturity of, all or any part of a deposit of the that Borrower; (ii) convert or translate all or any part of a deposit or other credit balance into Dollars;dollars; and (iii) enter into any other transaction or make any entry with regard to the credit balance which the Creditor Party concerned considers appropriate.

Application of credit balances. Each Creditor Party may without prior notice: (a) apply any balance (whether or not then due) which at any time stands to the credit of any account in the name of the either Borrower at any office in any country of that Creditor Party in or towards satisfaction of any sum then due from the either Borrower to that Creditor Party under any of the Finance Documents; and (b) for that purpose: (i) break, or alter the maturity of, all or any part of a deposit of the that Borrower; (ii) convert or translate all or any part of a deposit or other credit balance into Dollars;; and (iii) enter into any other transaction or make any entry with regard to the credit balance which the Creditor Party concerned considers appropriate.

Application of credit balances. Each Creditor Party may without prior notice: (a) apply any balance (whether or not then due) which at any time stands to the credit of any account in the name of the Borrower Guarantor at any office in any country of that Creditor Party in or towards satisfaction of any sum then due from the Borrower Guarantor to that Creditor Party under this or any of the other Finance Documents; and (b) for that purpose: (i) break, or alter the maturity of, all or any part of a deposit of the BorrowerGuarantor; (ii) convert or translate all or any part of a deposit or other credit balance into Dollars;; and (iii) enter into any other transaction or make any entry with regard to the credit balance which the Creditor Party concerned considers appropriate.

Application of credit balances. Each Creditor Party may may, at any time, without prior notice: (a) apply any balance (whether or not then due) which at any time stands to the credit of any account in the name of the Borrower at any office in any country of that Creditor Party in or towards satisfaction of any sum then due from the Borrower to that Creditor Party under any of the Finance Documents; and (b) for that purpose: (i) break, or alter the maturity of, all or any part of a deposit of the Borrower; (ii) convert or translate all or any part of a deposit or other credit balance into Dollars; (iii) enter into any other transaction or make any entry with regard to the credit balance which the Creditor Party concerned considers appropriate.

Application of credit balances. Each Creditor Party may without prior noticenotice to the Borrowers: (a) apply any balance (whether or not then due) which at any time stands to the credit of any account in the name of the either Borrower at any office in any country of that Creditor Party in or towards satisfaction of any sum then due from the that Borrower to that Creditor Party under any of the Finance Documents; and (b) for that purpose: (i) break, or alter the maturity of, all or any part of a deposit of the that Borrower; (ii) convert or translate all or any part of a deposit or other credit balance into Dollars;; and (iii) enter into any other transaction or make any entry with regard to the credit balance which the Creditor Party concerned considers appropriate.

Application of credit balances. Each Creditor Party may without prior notice: (a) apply any balance (whether or not then due) which at any time stands to the credit of any account in the name of the a Borrower at any office in any country of that Creditor Party in or towards satisfaction of any sum then due from the that Borrower to that Creditor Party under any of the Finance Documents; and (b) for that purpose: (i) break, or alter the maturity of, all or any part of a deposit of the that Borrower; (ii) convert or translate all or any part of a deposit or other credit balance into Dollars;; and (iii) enter into any other transaction or make any entry with regard to the credit balance which the Creditor Party concerned considers appropriate.. 832 EUROPE/66436786v5

Application of credit balances. Each Creditor Party may may, without prior notice: (a) apply any balance (whether or not then due) which at any time stands to the credit of any account in the name of the Borrower at any office in any country of that Creditor Party in or towards satisfaction of any sum then due from the Borrower to that Creditor Party under any of the Finance Documents; and (b) for that purpose: (i) break, or alter the maturity of, all or any part of a deposit of the Borrower; (ii) convert or translate all or any part of a deposit or other credit balance into Dollars;; and (iii) enter into any other transaction or make any entry with regard to the credit balance which the Creditor Party concerned considers appropriate.

Application of credit balances. Each Creditor Secured Party may without prior notice: (a) apply any balance (whether or not then due) which at any time stands to the credit of any account in the name of the Borrower Guarantor at any office in any country of that Creditor Secured Party in or towards satisfaction of any sum then due from the Borrower Guarantor to that Creditor Secured Party under any of the Finance Documentsthis Guarantee; and (b) for that purpose: (i) break, or alter the maturity of, all or any part of a deposit of the BorrowerGuarantor; (ii) convert or translate all or any part of a deposit or other credit balance into Dollars; (iii) enter into any other transaction or make any entry with regard to the credit balance which the Creditor Secured Party concerned considers appropriate.

Application of credit balances. Each Creditor Party may without prior notice: (a) apply any balance (whether or not then due) which at any time stands to the credit of any account in the name of the Borrower at any office in any country of that Creditor Party in or towards satisfaction of any sum then due from the Borrower to that Creditor Party Parry under any of the Finance Documents; and (b) for that purpose: (i) break, or alter the maturity of, all or any part of a deposit of the Borrower; (ii) convert or translate all or any part of a deposit or other credit balance into Dollars; (iii) enter into any other transaction or make any entry with regard to the credit balance which the Creditor Party concerned considers appropriate.

Application of credit balances. Each Creditor Party may without prior noticenotice to the Borrowers: (a) apply any balance (whether or not then due) which at any time stands to the credit of any account in the name of the either Borrower at any office in any country of that Creditor Party in or towards satisfaction of any sum then due from the Borrower Borrowers to that Creditor Party under any of the Finance Documents; and (b) for that purpose: (i) break, or alter the maturity of, all or any part of a deposit of the that Borrower; (ii) convert or translate all or any part of a deposit or other credit balance into Dollars;; and (iii) enter into any other transaction or make any entry with regard to the credit balance which the Creditor Party concerned considers appropriate.

Application of credit balances. Each Creditor Party may without prior notice: (a) apply any balance (whether or not then due) which at any time stands to the credit of any account in the name of the a Borrower at any office in any country of that Creditor Party in or towards satisfaction of any sum then due and payable from the that Borrower to that Creditor Party under any of the Finance Documents; and (b) for that purpose: (i) break, or alter the maturity of, all or any part of a deposit of the that Borrower; (ii) convert or translate all or any part of a deposit or other credit balance into Dollars;; and (iii) enter into any other transaction or make any entry with regard to the credit balance which the Creditor Party concerned considers appropriate.

Application of credit balances. Each Creditor Party may without prior notice: (a) apply any balance (whether or not then due) which at any time stands to the credit of any account in the name of the Borrower Borrowers at any office in any country of that Creditor Party in or towards satisfaction of any sum then due from the Borrower Borrowers to that Creditor Party under any of the Finance Documents; and (b) for that purpose: (i) break, or alter the maturity of, all or any part of a deposit of the BorrowerBorrowers; (ii) convert or translate all or any part of a deposit or other credit balance into Dollars;; and (iii) enter into any other transaction or make any entry with regard to the credit balance which the Creditor Party concerned considers appropriate.

Application of credit balances. Each Creditor Party may without prior notice: (a) apply any balance (whether or not then due) which at any time stands to the credit of any account in the name of the Borrower at any office in any country of that Creditor Party in or towards satisfaction of any sum then due from the Borrower to that Creditor Party under any of the Finance DocumentsDocuments and the Master Agreement; and (b) for that purpose: (i) break, or alter the maturity of, all or any part of a deposit of the Borrower; (ii) convert or translate all or any part of a deposit or other credit balance into Dollars; (iii) enter into any other transaction or make any entry with regard to the credit balance which the Creditor Party concerned considers appropriate.