Common use of Application of credit balances Clause in Contracts

Application of credit balances. The Lender 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 the Lender in or towards satisfaction of any sum then due from the Borrower to the Lender 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 Lender considers appropriate.

Application of credit balances. The Lender 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 the Lender in or towards satisfaction of any sum then due from the Borrower to the Lender 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 Lender considers appropriate.

Application of credit balances. The Lender 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 of the Lender in any country of the Lender in or towards satisfaction of any sum then due from the Borrower to the Lender under any of this Agreement or the Finance Security 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 Lender considers appropriate.

Application of credit balances. The Lender 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 the Lender in or towards satisfaction of any sum then due from the that Borrower to the Lender 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 Lender considers appropriate.

Application of credit balances. The Lender 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 the Lender in or towards satisfaction of any sum then due from the Borrower to the Lender under this Agreement, the Master Agreement or any of the other Finance DocumentsDocument; 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 Lender considers appropriate.

Application of credit balances. The Lender 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 or any of them at any office in any country of the Lender in or towards satisfaction of any sum then due from the Borrower Borrowers or any of them to the Lender 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 or any of them; (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 Lender considers appropriate.

Application of credit balances. The Lender 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 the Lender in or towards satisfaction of any sum then due from the any Borrower to the Lender 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 any 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 Lender considers appropriate.

Application of credit balances. The Lender 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 the Lender in or towards satisfaction of any sum then due from the that Borrower to the Lender 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 Lender considers appropriate.

Application of credit balances. The Lender 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 the Lender Lender, including (without limitation) under the Master Agreements, in or towards satisfaction of any sum then due from the Borrower Borrowers to the Lender 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 either 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 Lender considers appropriate.

Application of credit balances. The Lender 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 the Lender in or towards satisfaction of any sum then due from the Borrower Guarantor to the Lender 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 Lender considers appropriate.

Application of credit balances. The Lender 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 the Lender in or towards satisfaction of any sum then due from the Borrower Guarantor to the Lender 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; and; (iii) enter into any other transaction or make any entry with regard to the credit balance which the Lender considers appropriate.

Application of credit balances. The Lender 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 the Lender in or towards satisfaction of any sum then due from the Borrower to the Lender 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 Lender considers appropriate.

Application of credit balances. The Lender 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 the Lender Lender, in or towards satisfaction of any sum then due from the Borrower to the Lender 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 Lender considers appropriate.

Application of credit balances. The Lender 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 the Lender in or towards satisfaction of any sum then due from the Borrower to the Lender 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 Lender considers appropriate.,