CONTRACTUAL SET. OFF Each of the Obligors authorises each Bank to apply and each Bank shall be entitled to set-off any credit balance to which such Obligor is entitled on any account of such Obligor with that Bank in satisfaction of any sum due and payable from such Obligor to such Bank hereunder but unpaid; for this purpose, each Bank is authorised to purchase with the moneys standing to the credit of any such account such other currencies as may be necessary to effect such application.
Appears in 4 contracts
Samples: Agreement (Royal Ahold), And Restatement Agreement (Royal Ahold), And Restatement Agreement (Royal Ahold)
CONTRACTUAL SET. OFF Each of the Obligors Obligor authorises each Bank following the occurrence of an Event of Default to apply and each Bank shall be entitled to set-off any credit balance to which such Obligor is entitled on any account of such Obligor with that such Bank in satisfaction of any sum due and payable from such Obligor to such Bank hereunder under the Finance Documents but unpaid; for . For this purpose, each Bank is authorised to purchase with the moneys standing to the credit of any such account such other currencies as may be necessary to effect such application.
Appears in 2 contracts
Samples: Agreement (Koninklijke Numico Nv), Agreement (Koninklijke Numico Nv)
CONTRACTUAL SET. OFF Each of the Obligors Obligor authorises each Bank to apply and each Bank shall be entitled to set-off any credit balance to which such Obligor is entitled on any account of such Obligor with that such Bank in satisfaction of any sum due and payable from such Obligor to such Bank hereunder under the Finance Documents but unpaid; for . For this purpose, each Bank is authorised to purchase with the moneys standing to the credit of any such account such other currencies as may be necessary to effect such application.
Appears in 2 contracts
Samples: Credit Agreement (United Pan Europe Communications Nv), Term Facility Agreement (Zindart LTD)
CONTRACTUAL SET. OFF Each of the Obligors Obligor authorises each Bank Bank, at any time any sum is due and payable hereunder and remains unpaid, to apply and each Bank shall be entitled to set-off any credit balance to which such Obligor is entitled on any account of such Obligor with that such Bank in satisfaction of any sum due and payable from such Obligor to such Bank hereunder under the Finance Documents but unpaid; for . For this purpose, each Bank is authorised to purchase with the moneys standing to the credit of any such account such other currencies as may be necessary to effect such application.
Appears in 2 contracts
Samples: Agreement (NTL Inc/De/), NTL Inc/De/
CONTRACTUAL SET. OFF Each of the Obligors Obligor authorises each Bank to apply and each Bank shall be entitled to set-off any credit balance to which such Obligor is entitled on any account of such Obligor with that such Bank in satisfaction of any sum due and payable from such Obligor to such Bank hereunder under any Finance Document but unpaid; for . For this purpose, each Bank is authorised to purchase with the moneys standing to the credit of any such account such other currencies as may be necessary to effect such application.
Appears in 2 contracts
Samples: Credit Agreement (United Surgical Partners International Inc), Credit Agreement (United Surgical Partners International Inc)
CONTRACTUAL SET. OFF Each of the Obligors authorises each Bank to apply and each Bank shall be entitled to set-off any credit balance to which such Obligor is entitled on any account of such Obligor with that Bank in satisfaction of any sum due and payable from such Obligor to such Bank hereunder but unpaid; for this purpose, each Bank is authorised to purchase with the moneys standing to the credit of any such account such other currencies as may be necessary to effect such application.the
Appears in 1 contract
Samples: Agreement (Vnu N V)
CONTRACTUAL SET. OFF Each of the Obligors authorises each Bank to apply and each Bank shall be entitled to set-off any credit balance to which such Obligor is entitled on any account of such Obligor with that Bank in satisfaction of any sum due and payable from such Obligor to such Bank hereunder but unpaid; for this purpose, each Bank is authorised to purchase with the moneys standing to the credit of any such account such other currencies as may be necessary to effect such application.
Appears in 1 contract
Samples: Agreement (Niner Acquistion Inc)
CONTRACTUAL SET. OFF off Each of the Obligors authorises each Bank to apply and each Bank shall be entitled to set-off any credit balance to which such Obligor is entitled on any account of such Obligor with that Bank in satisfaction of any sum due and payable from such Obligor to such Bank hereunder but unpaid; for this purpose, each Bank is authorised to purchase with the moneys standing to the credit of any such account such other currencies as may be necessary to effect such application.
Appears in 1 contract
Samples: Royal Ahold
CONTRACTUAL SET. OFF off Each of the Obligors authorises each Bank to apply and each Bank shall be entitled to set-off any credit balance to which such Obligor is entitled on any account of such Obligor with that Bank in satisfaction of any sum due and payable from such Obligor to such Bank hereunder but unpaid; for this purpose, each Bank is authorised to purchase with the moneys standing to the credit of any such account such other currencies as may be necessary to effect such application.
Appears in 1 contract
