Appropriation of Payment Right of Set Off Sample Clauses

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).
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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 may 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 and fees pursuant to any Citibank instalment loan programs; (ii) all unpaid principal pursuant to any Citibank instalment loan programs; (iii) all other unpaid interests, fees and charges; (iv) all unpaid principal pursuant to any Citibank balance transfer programs(the “Unpaid Balance Transfer Balance”), and all unpaid transactions effected by way of drawing CRCS cheques, or by using your Citibank ATM/Debit Card, via GIRO or all unpaid transactions effected from your CRCS account(each an “Unpaid Balance” and collectively, “Unpaid Balances”). (b) In respect of the Unpaid Balances referred to in sub-clause 16(a)(iv): (i) the Unpaid Balances with the highest applicable interest rate will be repaid in priority to the other Unpaid Balances; and (ii) where the interest rate applicable to any Unpaid Balance Transfer Balances is the same, payments received by us will reduce the balances transferred under the latest balance transfer program (after it has been reflected in your statement of account) first, notwithstanding that you may have Unpaid Balance Transfer Balances from earlier balance transfer programs. (c) 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 CRCS 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 Right of Set Off. 17.1 Right of appropriation (a) We are entitled in our absolute discretion to apply and appropriate all payments received by us in such manner or order of priority as we may 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 shown in any previous statements of account; (ii) all unpaid interest, fees and charges shown in the current statements of account; (iii) all unpaid fund transfer balances (subject to 17.1 (b)), cash advances, Card transactions shown in any previous statements of account; (iv) all unpaid fund transfer balances (subject to 17.1 (b)), cash advances, Card transactions shown in the current statement of account; and (v) all unpaid fund transfer balances (subject to 17.1 (b)), cash advances, Card transactions not yet included in any 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 current balance in your Card account (including any balances transferred from previous fund transfer programs).
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Appropriation of Payment Right of Set Off. 15.1 Right of appropriation (a) (i) all unpaid interest, fees and charges shown in any previous master billing statement of account;
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Appropriation of Payment Right of Set Off. Right Of Appropriation The Bank is entitled in its absolute discretion to apply and appropriate all payments received by the Bank in such manner or order or priority as the Bank may deem fit, notwithstanding any specific appropriation of such sums by the Corporate Account Holder or any person making such payment. Without prejudice to the generality of the foregoing, the Bank may apply payments received by the Bank in the following order of priority:
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Appropriation of Payment Right of Set Off 
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Related to Appropriation of Payment Right of Set Off

  • Right of Set-off Upon (i) the occurrence and during the continuance of any Event of Default and (ii) the making of the request or the granting of the consent specified by Section 6.01 to authorize the Administrative Agent to declare the outstanding Borrowings due and payable pursuant to the provisions of Section 6.01, each Lender, each LC Issuing Bank and each of their respective Affiliates is hereby authorized at any time and from time to time, to the fullest extent permitted by Applicable Law, to set off and apply any and all deposits (general or special, time or demand, provisional or final, in whatever currency) at any time held, and other obligations (in whatever currency) at any time owing, by such Lender, such LC Issuing Bank or any such Affiliate, to or for the credit or the account of the Borrower against any and all of the obligations of the Borrower now or hereafter existing under this Agreement or any other Loan Document to such Lender, such LC Issuing Bank or their respective Affiliates, irrespective of whether or not such Lender, such LC Issuing Bank or such Affiliate shall have made any demand under this Agreement or any other Loan Document and although such obligations of the Borrower may be contingent or unmatured or are owed to a branch, office or Affiliate of such Lender, such LC Issuing Bank different from the branch, office or Affiliate holding such deposit or obligated on such indebtedness; provided that in the event that any Defaulting Lender shall exercise any such right of setoff, (x) all amounts so set off shall be paid over immediately to the Administrative Agent for further application in accordance with the provisions of Section 2.21 and, pending such payment, shall be segregated by such Defaulting Lender from its other funds and deemed held in trust for the benefit of the Administrative Agent, the LC Issuing Banks, and the Lenders, and (y) the Defaulting Lender shall provide promptly to the Administrative Agent a statement describing in reasonable detail the obligations of the Borrower owing to such Defaulting Lender as to which it exercised such right of setoff. The rights of each Lender, each LC Issuing Bank and their respective Affiliates under this Section are in addition to other rights and remedies (including other rights of setoff) that such Lender, such LC Issuing Bank or their respective Affiliates may have. Each Lender and each LC Issuing Bank agrees to notify the Borrower and the Administrative Agent promptly after any such setoff and application; provided that the failure to give such notice shall not affect the validity of such setoff and application.

  • 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.

  • Right of appropriation (a) We shall be entitled in our reasonable discretion to apply and appropriate all payments received by us in such a manner or order of priority as we may 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 billed but unpaid interest, fees and charges; (ii) all unpaid balance transfer balances, cash advances, instalment plans, card transactions shown in any previous statements of account; (iii) all unpaid balance transfer balances, cash advances, instalment plans, card transactions shown in the current statement of account; and (iv) all unpaid balance transfer balances, cash advances, instalment plans, card transactions not yet included in any statement of account. (b) For each category of unpaid balances referred to in each of sub- clauses 15.1(a)(ii), (iii) and (iv): (i) the balances with the highest applicable interest rate will be repaid in priority to the other balances within such category; and (ii) where the interest rate applicable to any unpaid balance transfer balances within such category is the same, payments received by us will reduce the balances transferred under the latest fund transfer program (after it has been reflected in your statement of account) first, notwithstanding that you may have unpaid balance transfer balances from earlier fund transfer programs.

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