Common use of Appropriation of Moneys Clause in Contracts

Appropriation of Moneys. Until all of the Guaranteed Obligations have been irrevocably paid in full, the Bank (or any trustee, agent or other person acting on its behalf) may refrain from enforcing any other moneys, security or rights held or received by the Bank (or such trustee, agent or other person) in respect of the Guaranteed Obligations, or apply and enforce the same in such manner and order as it sees fit.