Appropriation of payment Sample Clauses

Appropriation of payment. Right of set-off (a) We shall be entitled in our reasonable discretion to apply and appropriate all payments received by us in such manner or order of priority as we deem fit, notwithstanding any specific appropriation of such sums by you or any person making such payment. Without prejudice to the generality of the foregoing, we may apply payments received by us in the following order of priority:- (i) All unpaid interest, fees and charges, cash withdrawals and any other unpaid transactions shown in any previous statements of account; (ii) All unpaid interest, fees and charges, cash withdrawals and any other unpaid transactions shown in the current statement of account; (iii) All transactions (including cash withdrawals) not yet included in any statement of account. (b) We may also at any time and from time to time and without liability to you, combine or consolidate any one or more accounts which you may have with us and set-off or apply any monies standing to the credit of such account(s) towards the discharge of the CUC outstanding balance or vice versa. Where such combination, consolidation and/or set-off requires the conversion of one currency into another, we shall be entitled to effect such conversion at such time and rate of exchange determined by us and all exchange risks and/or reasonably incurred losses, communication and other bank charges which may thereby be incurred shall be borne by you.
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Appropriation of payment. (a) Payment of the principal amount of each of the Debentures and interest and other monies payable thereon shall be made to the respective Debenture Holder and in case of joint Debenture Holders, to the one whose name stands first in the Register of Debenture Holder(s)/list of Beneficial Owner(s) as the case may be. Such payments shall be made by real time gross settlement (RTGS) or national electronic funds transfer (NEFT) to the account of the Debenture Holders. Payments shall not be made by cash or cheques. (b) Notwithstanding anything to the contrary stated in the Debenture Documents, any payments by the Company under the Debenture Documents shall be appropriated in the following manner, namely: (i) Firstly, towards meeting any costs, charges and expenses and other monies incurred by the Debenture Trustee, Account Bank, the Security Holder as also the remuneration payable by the Company to the Debenture Trustee, Account Bank, the Security Holder; (ii) Secondly, towards Additional Interest, Added Interest, default interest, Listing Delay Interest and other additional interest, as maybe due and payable under the terms of the Debenture Documents; (iii) Thirdly, towards Coupon payable on the Debentures; (iv) Fourthly, towards redemption premium, if any; and (v) Lastly, towards Redemption Installments of the Debentures due and payable by the Company to the Debenture Holder(s)/Beneficial Owner(s). If any amount whether Redemption Installments or Coupon, paid to the Debenture Holder(s) in respect of the Debentures is held to be void or set aside on the liquidation or winding up of the Company or otherwise, then for the purpose of this Deed such amount shall not be considered to have been paid.
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Appropriation of payment. The Bank shall be entitled to appropriate any payment made to or monies received by the Bank (including but not limited to circumstances where such monies are less than the amount due in respect of the Customer’s Indebtedness to the Bank) towards the satisfaction of any Indebtedness due in such proportions and order and generally in such manner as the Bank shall deem fit notwithstanding any specific or express appropriation by the Customer or any person making payment on behalf or for the Account of the Customer.
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Appropriation of payment. (a) All monies payable by the Company to the Bondholder(s)/ Beneficial Owner(s) will be made to the Bondholder(s) / Beneficial Owner(s) at such office as may be specified by it or at any of its branch office/regional office by cheque or warrant drawn by the Company on its bankers or credit through ECS/RTGS. (b) Unless otherwise agreed to by the Bondholder(s)/ Beneficial Owner(s), any payments by the Company under these presents read with the relevant Term Sheet / Sanction Letter(s) and the Bond Subscription Agreement / Information Memorandum / Disclosure Document / with applicable modifications thereto, if any, Trustee Agreement and / or any other documents executed for the subscription to the Bonds and creation of security thereof shall be appropriated in the following manner, namely: (i) First, towards commitment and other fees; (ii) Secondly, towards costs, charges and expenses and other monies and also the remuneration payable by the Company to the Bond Trustees; (iii) Thirdly, towards further interest in case of default and compound interest; (iv) Fourthly, towards interest and (v) Fifthly, towards Redemption Premium, if any. (vi) Lastly, towards redemption of principal amount of the Bonds due and payable by the Company to the Bondholder(s)/Beneficial Owner(s).
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Appropriation of payment. Any payment received by the Bank may be applied and appropriated by the Bank in such manner and order to the Card Account as the Bank may determine.
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Appropriation of payment. (a) Payment of the principal amount of each of the Debentures and interest and other monies payable thereon shall be made to the respective Debenture Holder and in case of joint Debenture Holders, to the one whose name stands first in the Register of Debenture Holder(s)/list of Beneficial Owner(s) as the case may be. Such payments shall be made by, real time gross settlement, cheque or warrant drawn by the Company on its bankers. (b) Notwithstanding anything to the contrary stated in the Transaction Documents, any payments by the Company under the Transaction Documents shall be appropriated in the following manner, namely: (i) Firstly, towards meeting any costs, charges and expenses and other monies incurred by the Debenture Trustee as also the remuneration payable by the Company to the Debenture Trustee; (ii) Secondly, towards default interest and compound interest as maybe due and payable under the terms of the Transaction Documents; (iii) Thirdly, towards interest payable on the Debentures; (iv) Fourthly, towards redemption premium, if any; and (v) Lastly, towards redemption of principal amount of the Debentures due and payable by the Company to the Debenture Holder(s)/Beneficial Owner(s).
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Appropriation of payment. 4.1 The Lender shall have a right to appropriate any payments due and payable under the Loan Agreement and made by the Borrower towards dues in the order the Lender deems fit, towards the following: (i) Premium on prepayment; (ii) Costs, charges, expenses and other monies; (iii) Interest on costs, charges, expenses and other monies; (iv) Service charges; (v) Interest, including additional interest, if any, payable in terms of the loan agreement; (vi) Repayment of Instalments of Principal due and payable under the Loan Agreement. (vii) Repayment of dues under any other contract/s viz. Tyre Finance, Fleet Card facility, Insurance Finance etc., irrespective of the capacity either as Borrower or guarantor under the said contract/s.
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Appropriation of payment. (a) All monies payable by the Company to the Debenture Holder(s)/ Beneficial Owner(s) will be made to the Debenture Holder(s)/ Beneficial Owner(s) at Mumbai or such office as may be specified by it or at any of its branch office/regional office by cheque or warrant drawn by the Company on its bankers. Payment of the principal, all Interest and other monies will be made to the sole holder and in case of joint holders to the one whose name stands first in the Register of Debenture Holder(s)/List of Beneficial Owner(s) as the case may be. (b) Unless otherwise agreed to by the Debenture Holder(s)/ Beneficial Owner(s), any payments by the Company under these presents read with the relevant Disclosure Document with applicable modifications thereto, if any, and/or any other documents executed for the subscription to the Debentures shall be appropriated in the following manner, namely: Firstly, towards costs, charges and expenses and other monies and also the remuneration payable by the Company to the Debenture Trustee; Secondly, towards further interest in case of default and compound interest; Thirdly, towards interest; Fourthly, towards redemption premium, if any; and Lastly, towards redemption of principal amount of the Debentures due and payable by the Company to the Debenture Holder(s)/Beneficial Owner(s).subject to Housing Finance Companies (RBI/NHB) Directions, 2010
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Appropriation of payment 
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Related to Appropriation of payment

  • APPROPRIATION OF PAYMENTS 14.1 Any and all payments received by DBS from or for the account of the Cardmember may be applied and appropriated by DBS in relation to such Card Account for which the Cardmember is liable as DBS may determine or select and in relation to such of the entries or transactions constituting the Outstanding Balance on such Card Account as DBS may determine or select notwithstanding any specific appropriation by the person making the payment or any other person.

  • ADJUSTEMENT/ APPROPRIATION OF PAYMENTS The Allottee authorized the Promoter to adjust/ appropriate all payments made by him/ her under any head(s) of dues against lawful outstanding of the Allottee against the [Apartment/Plot], if any, in his/ her name and the Allottee undertakes not to object/ demand/ direct the Promoter to adjust his payments in any manner.

  • ADJUSTMENT/APPROPRIATION OF PAYMENTS The Allottee authorizes the Promoter to adjust/appropriate all payments made by him/her under any head(s) of dues against lawful outstanding, if any, in his/her name as the Promoter may in its sole discretion deem fit and the Allottee undertakes not to object/demand/direct the Promoter to adjust his payments in any manner.

  • Appropriation of Payment Right of Set Off 15.1 Right of appropriation (i) all unpaid interest, fees and charges shown in any previous master billing statement of account; (ii) all unpaid interest, fees and charges shown in the current master billing statement of account; (iii) all unpaid fund transfer balances (subject to 15.1(b)), Card transactions shown in any previous master billing statements of account; (iv) all unpaid fund transfer balances (subject to 15.1(b)), Card transactions shown in the current master billing statement of account; (v) all unpaid fund transfer balances (subject to 15.1(b)), Card transactions not yet included in the computation of any master billing statement of account. (b) Payments made to your Card account will always reduce the balances transferred under the latest fund transfer program (after it has been reflected in your statement of account) before reducing any other outstanding balance in your Card account (including any balances transferred from previous fund transfer programs).

  • Application of Payment The monthly housing assistance payment shall be credited against the monthly rent to owner for the contract unit.

  • Condition of Payment All services provided by the Contractor under this Contract must be performed to the State’s reasonable satisfaction, as determined at the discretion of the undersigned State representative and in accordance with all applicable federal, state, local laws, ordinances, rules and regulations. The State shall not be required to pay for work found to be unsatisfactory, inconsistent with this Contract or performed in violation of any federal, state or local statute, ordinance, rule or regulation.

  • Confirmation of Payment The Administrative Agent and the Lenders will, upon request after payment of the Credit Party Obligations which are the subject of this Guaranty and termination of the Commitments relating thereto, confirm to the Borrower, the Guarantors or any other Person that such indebtedness and obligations have been paid and the Commitments relating thereto terminated, subject to the provisions of Section 10.2.

  • Limitation of Payments City’s obligation to pay the Consultant for services rendered pursuant to this Contract is conditioned upon the availability of City’s funds which are allocated to pay the Consultant. If funds are not allocated and available to pay the Consultant for these services, City may terminate this Contract at the end of the period for which the funds are available. City shall notify the Consultant at the earliest possible time if this agreement will or may be affected by a shortage of funds. No liability shall accrue to City in the event this provision is exercised, and the City shall not be obligated or liable for any future payments due or for any damages as a result of termination under this section. This provision shall not be construed so as to permit City to terminate this Contract in order to acquire similar services from another party. The Consultant shall be paid for any allowable services provided and expenses incurred prior to receipt of any such notification that City was terminating the Contract because of a shortage of funds.

  • Collection of Payments Borrower authorizes Bank to collect all interest, fees, costs, and/or expenses due under this Agreement by charging Borrower's demand deposit account number 00-000-000 with Bank, or any other demand deposit account maintained by Borrower with Bank, for the full amount thereof. Should there be insufficient funds in any such demand deposit account to pay all such sums when due, the full amount of such deficiency shall be immediately due and payable by Borrower.

  • Application of Payments Landlord shall have the right to apply payments received from Tenant pursuant to this Lease, regardless of Tenant’s designation of such payments, to satisfy any obligations of Tenant hereunder, in such order and amounts as Landlord, in its sole discretion, may elect.

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