Common use of Bank’s Right to Commence other Legal Proceedings Clause in Contracts

Bank’s Right to Commence other Legal Proceedings. Concurrently Notwithstanding any provision hereof, it is hereby expressly agreed that upon default or breach by the Customer of any term, covenant, stipulation and/or undertaking provided and on the part of the Customer to be observed and performed, the Bank shall thereafter have the right to exercise all or any of the remedies available whether by this Agreement or the other Security Documents or by statute or otherwise and shall be entitled to exercise such remedies concurrently, including pursuing all remedies of sale or possession and civil suit to recover all monies due and owing to the Bank.

Appears in 3 contracts

Samples: www.business.hsbc.com.my, www.business.hsbc.com.my, www.hsbcamanah.com.my

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Bank’s Right to Commence other Legal Proceedings. Concurrently Notwithstanding any provision hereof, it It is hereby expressly agreed that upon default or breach by the Customer Company of any term, covenant, stipulation and/or undertaking provided and on the part of the Customer to be observed and performedperformed by the Company, the Bank shall thereafter have the right to exercise all or any of the remedies available whether by under this Agreement or the other Security Documents or by statute or otherwise and shall be is entitled to exercise such remedies concurrently, successively or not at all as the Bank may deem fit, including pursuing all remedies of sale or possession and civil suit to recover all monies due and owing to the Bank.

Appears in 1 contract

Samples: www.hsbc.com.my

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