Bank Rights. The Pledgor appoints the Bank its attorney in fact to perform any of the following rights, which are coupled with an interest, are irrevocable until termination of this Agreement and may be exercised from time to time by the Bank’s officers and employees, or any of them, whether or not the Pledgor is in default (except as provided below): (a) to perform any obligation of the Pledgor hereunder in the Pledgor’s name or otherwise; (b) after a default hereunder, to release persons liable on the Collateral and to give receipts and acquittances and compromise disputes; (c) to release or substitute security; (d) to prepare, execute, file, record or deliver notes, assignments, schedules, designation statements, financing statements, continuation statements, termination statements, statements of assignment, applications for registration or like documents to perfect, preserve or release the Bank’s interest in the Collateral; (e) after a default hereunder, to take cash, instruments for the payment of money and other property to which the Bank is entitled; (f) to verify facts concerning the Collateral by inquiry of obligors thereon, or otherwise, in its own name or a fictitious name; (g) after a default hereunder, to endorse, collect, deliver and receive payment under instruments for the payment of money constituting or relating to the Collateral; (h) to prepare, adjust, execute, deliver and receive payment under insurance claims, and to collect and receive payment of and endorse any instrument in payment of loss or returned premiums or any other insurance refund or return, and to apply such amounts received by the Bank, at the Bank’s sole option, toward repayment of the Indebtedness or, where appropriate, replacement of the Collateral; (i) to enter onto the Pledgor’s premises in inspecting the Collateral; (j) after a default hereunder or at any time in the case of lockbox accounts or pledged controlled accounts, to make withdrawals from and to close deposit accounts or other accounts with any financial institution, wherever located, into which proceeds may have been deposited, and to apply funds so withdrawn to payment of the Indebtedness; (j) to preserve or release the interest evidenced by chattel paper to which the Bank is entitled and to endorse and deliver any evidence of title; and (k) to do all acts and things and execute all documents in the name of the Pledgor or otherwise, deemed by the Bank as necessary, proper and convenient in connection with the preserv...
Bank Rights. Client acknowledges that Bank’s ACH Positive Pay Service does not preclude Bank’s standard ACH processing procedures, which may cause an ACH Entry to be dishonored even if Client instructions do not otherwise require Bank to return such ACH Entry. Client acknowledges that Bank’s ACH Positive Pay Service is intended to be used to identify and return ACH Entries which Client suspects in good faith are unauthorized. The Service is not intended to be used as a substitute for authorization instructions or to delay Client pay/accept return decisions on Exception Entries, including, and not limited to, stop payment orders on ACH Entries which are not suspected in good faith to be unauthorized. If Bank suspects or deems, in Bank’s sole discretion, that Client is using the ACH Positive Pay Services contrary to those intentions, Bank may require Client to provide evidence that ACH Entries Bank returns pursuant to Client instructions were in fact unauthorized. In addition, Bank may hold Client liable for losses Bank sustains on ACH Entries which Bank is requested to return under such ACH Positive Pay Services and which Client does not reasonably establish as unauthorized ACH Entries.
Bank Rights. Bank is entitled to rely on such authorizations according to their terms until Bank receives properly authorized written notice in the form provided by Bank or other form acceptable to Bank that the existing authorization is changed or terminated, and Bank has a reasonable opportunity to act on such notice. If Client instead chooses to communicate changes to Bank by some other means, Bank is entitled (but not obligated) to rely on such communications and the changes as having been duly authorized by Client if Bank in good faith believes the communications came from someone authorized by Client to deliver it to Bank. Bank will not be responsible for losses if Client fails to timely and properly notify Bank of changes in authorization and/or contact information.
Bank Rights. The Pledgor appoints the Bank its attorney in fact to perform any of the following rights, which are coupled with an interest, are irrevocable until termination of this Agreement and may be exercised from time to time by the Bank's officers and employees, or any of them, whether or not the Pledgor is in default: (a) to perform any obligation of the Pledgor hereunder in the Pledgor's name or otherwise; (b) to release persons liable on the Collateral and to give receipts and acquittances and compromise disputes;
(c) to release or substitute security; (d) to prepare, execute, file, record or deliver notes, assignments, schedules,
Bank Rights. No failure by the Bank to exercise and no delay in exercising any right, power or privilege hereunder shall operate as a waiver thereof, nor shall any single or partial exercise of any rights, power or privilege preclude any other or further exercise thereof. The rights and remedies herein provided are cumulative and not exclusive of any rights or remedies provided by law. This Agreement: :ﺔﻴﻗﺎﻔﺗﻻﺍ ﻩﺬﻫ اﻋﺳﻐﺻﻌت ﻃت ﺋﻐﺻافتا يأ طورﺣو ماﺿﺖﻓ عﺪﺚتو أﺞﺔﺎﻏ ﻗ ءﺞجو ﺋﻂمﺿﻄ ﺋﻐﺻافتﻗا هﺜﻊ نﻌﺿت .ﻀﻐمﺳلا تاﺔﺎﻈﻄ وأ تاﻄﺛخ وأ تاباسﺖ صﻌﺧﺚب ﻀﻐمﺳلا عﻄ اﻋﺳﻐﺻﻌت ﻃﺎﻐﺠ وأ :ﺓﺪﻤﺘﻌﻤﻟﺍ ﺔﻐﻠﻟﺍ ﻆﻐب فﻘﺎخا يأ لاﺖ ﻎﺸو ﺋﻐﺻافتﻗا هﺜﻊ ﺜﻐفﻈتو رﻐسفﺎل ةﺛمﺎﺳملا ﺋﺶﻂلا ﻎﻊ ﺋﻐبرﺳلا ﺋﺶﻂلا هﺜﻊ ﺜﻐفﻈتو ﻃﻋﺸو رﻐسفﺎل ساﺠأﺾ ﻎبرﺳلا صﻈلاب ﺛﺎﺳﻏ هﻇإﺸ يﺞﻐﻂﺔﻇ�او ﻎبرﺳلا صﻈلا .ﺋﻐﺻافتﻗا The agreement, and its terms and conditions supplement any agreement which the Client has executed or may execute with the Bank governing any of the Client’s accounts, services or products. The Arabic language is the language of interpretation and execution of this agreement. In case of any inconsistency between the Arabic and English texts, the Arabic text shall prevail and shall be the basis of interpretation and execution of this agreement.
Bank Rights. The Pledgor appoints the Bank its attorney in fact to perform any of the following rights, which are coupled with an interest, are irrevocable until termination of this Agreement and may be exercised from time to time by the Bank's officers and employees, or any of them, whether or not the Xxxxxxx is in default: (a) to perform any obligation of the Xxxxxxx hereunder in the Xxxxxxx'x name or otherwise; (b) to release persons liable on the Collateral and to give receipts and acquittances and compromise disputes;
Bank Rights. Borrower hereby authorizes Bank to (a) select an advising bank, if any, (b) authorize or restrict negotiation under the Credits and (c) waive any such restriction on negotiation. Bank may honor, as complying with the terms of the Credits, any drafts or other documents otherwise in order signed or issued by an administrator, executor, conservator, trustee in bankruptcy, debtor in possession, assignee for benefit of creditors, liquidator, receiver, or other legal representative of the party authorized under the Credits to draw or issue such drafts or other documents. Bank's rights, powers, and remedies specified herein are cumulative and are in addition to those otherwise created or existing by law or agreement.
Bank Rights. We or our designees shall have the right, during the term of this Agreement and for one (1) year thereafter, upon a reasonable advance written notice and during normal business hours, to conduct a review of the books, records, operations and your systems to determine or to verify your compliance with your obligations under this Agreement.
Bank Rights. Each Obligor appoints the Bank its attorney in fact to perform any of the following rights, which are coupled with an interest, are irrevocable until termination of the Credit Documents and may be exercised from time to time by the Bank’s officers and employees, or any of them:
(a) to perform any obligation of such Obligor under each Credit Document in such Obligor’s name or otherwise;
(b) to prepare, execute, file, record or deliver notes, assignments, schedules, designation statements, financing statements, continuation statements, termination statements, statements of assignment, applications for registration or like documents to perfect, preserve or release the Bank’s interest in any Collateral;
(c) to take cash, instruments for the payment of money and other property to which the Bank is entitled;
(d) to verify facts concerning any Collateral by inquiry of obligors thereon, or otherwise, in its own name or a fictitious name;
(e) to endorse, collect, deliver and receive payment under instruments for the payment of money constituting or relating to any Collateral;
(f) to prepare, adjust, execute, deliver and receive payment under insurance claims, and to collect and receive payment of and endorse any instrument in payment of loss or returned premiums or any other insurance refund or return, and to apply such amounts received by the Bank, at the Bank’s sole option, toward repayment of the Obligations or, where appropriate, replacement of any Collateral;
(g) to enter onto such Oxxxxxx’s premises to inspect any Collateral;
(h) to make withdrawals from and to close deposit accounts or other accounts with any financial institution, wherever located, into which proceeds of any Credit Facility may have been deposited, and to apply funds so withdrawn to payment of the Obligations (as defined in the Note governing such Credit Facility);
(i) to preserve or release the interest evidenced by chattel paper to which the Bank is entitled and to endorse and deliver any evidence of title; and
(j) to do all acts and things and execute all documents in the name of the Borrower or otherwise, deemed by the Bank as necessary, proper and convenient in connection with the preservation, perfection or enforcement of the Bank’s rights; provided that the Bank will not exercise any rights under clauses (a), (c), (d), (e), (f) or (h) unless an Event of Default has occurred and is continuing.
