Common use of CONSOLIDATION AND RIGHT OF SET-OFF Clause in Contracts

CONSOLIDATION AND RIGHT OF SET-OFF. 22.1 The Bank can at any time after the occurrence of an Event of Default or the making of a demand and notwithstanding any settlement of account or any other matter whatsoever, combine or consolidate all or any of the Borrower’s then existing accounts (whether current, deposit, loan or of any other nature whatsoever, whether subject to notice or not and whether in Ringgit or in any other currency) wheresoever situate, including accounts in the Xxxxxxxx’s sole name, or jointly with others.

Appears in 1 contract

Samples: Facilities Agreement

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CONSOLIDATION AND RIGHT OF SET-OFF. 22.1 14.1 The Bank can at any time after the occurrence of an Event of Default or the making of a demand and notwithstanding any settlement of account or any other matter whatsoever, combine or consolidate all or any of the BorrowerCustomer’s then existing accounts (whether current, deposit, loan financing, credit card(s) or of any other nature whatsoever, whether subject to notice or not and whether in Ringgit Malaysia or in any other currency) wheresoever situatewhere ever situated, including accounts in the XxxxxxxxCustomer’s sole name, or of the Customer jointly with others.

Appears in 1 contract

Samples: Facility Agreement

CONSOLIDATION AND RIGHT OF SET-OFF. 22.1 19.1 The Bank can at any time after the occurrence of an Event of Default or the making of a demand and notwithstanding any settlement of account or any other matter whatsoever, combine or consolidate all or any of the BorrowerCustomer’s then existing accounts (whether current, deposit, loan financing or of any other nature whatsoever, whether subject to notice or not and whether in Ringgit or in any other currency) wheresoever situate, including accounts in the XxxxxxxxCustomer’s sole name, or jointly with others.

Appears in 1 contract

Samples: Facility Agreement

CONSOLIDATION AND RIGHT OF SET-OFF. 22.1 The Bank can at any time after the occurrence of an Event of Default or the making of a demand and notwithstanding any settlement of account or any other matter whatsoever, combine or consolidate all or any of the Borrower’s then existing accounts (whether current, deposit, loan or of any other nature whatsoever, whether subject to notice or not and whether in Ringgit or in any other currency) wheresoever situate, including accounts in the XxxxxxxxBorrower’s sole name, or jointly with others.

Appears in 1 contract

Samples: Facilities Agreement

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CONSOLIDATION AND RIGHT OF SET-OFF. 22.1 39.1 The Bank can at any time after the occurrence of an Event of Default or the making of a demand and notwithstanding any settlement of account or any other matter whatsoever, combine or consolidate all or any of the Borrower’s then existing accounts (whether current, deposit, loan loan, credit card(s) or of any other nature whatsoever, whether subject to notice or not and whether in Ringgit or in any other currency) wheresoever situatewhere ever situated, including accounts in the XxxxxxxxBorrower’s sole name, or of the Borrower jointly with others.

Appears in 1 contract

Samples: Loan Agreement

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