Common use of DISPOSITION OF MONEY Clause in Contracts

DISPOSITION OF MONEY. Subject to any applicable requirements of the P.P.S.A., all Money collected or received by RBC pursuant to or in exercise of any right it possesses with respect to Collateral shall be applied on account of Indebtedness in such manner as RBC deems best or, at the option of RBC, may be held unappropriated in a collateral account or released to Debtor, all without prejudice to the liability of Debtor or the rights of RBC hereunder, and any surplus shall be accounted for as required by law.

Appears in 12 contracts

Samples: General Security Agreement (API Technologies Corp.), Financing Agreement (Ideal Accents Inc), General Security Agreement (Applied Digital Solutions Inc)

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DISPOSITION OF MONEY. Subject to any applicable requirements of the P.P.S.A.P.P.S.A. or other applicable law, all Money collected or received by RBC Lender pursuant to or in exercise of any right it possesses with respect to Collateral shall be applied on account of Indebtedness in such manner as RBC Lender deems best or, at the option of RBCLender, may be held unappropriated in a collateral account or released to Debtor, all without prejudice to the liability of Debtor or the rights of RBC Lender hereunder, and any surplus shall be accounted for as required by law.

Appears in 2 contracts

Samples: General Security Agreement (Dynamic Gold Corp.), General Security Agreement (Dynamic Gold Corp.)

DISPOSITION OF MONEY. Subject to any applicable requirements of the P.P.S.A., all Money collected or received by RBC pursuant to or in exercise of any right it possesses with respect to Collateral shall be applied on account of Indebtedness in such manner as RBC deems best or, at the option of RBC, may be held unappropriated in a collateral account or released to Debtor, all without prejudice to the liability of Debtor or the rights of RBC hereunder, and any surplus shall be accounted for as required by law. 11.

Appears in 1 contract

Samples: Financing Agreement (Ideal Accents Inc)

DISPOSITION OF MONEY. Subject to any applicable requirements of the P.P.S.A., all Money collected or received by RBC the Lender pursuant to or in exercise of any right it possesses with respect to Collateral shall be applied on account of Indebtedness in such manner as RBC the Lender deems best or, at the option of RBCthe Lender, may be held unappropriated in a collateral account or released to Debtor, all without prejudice to the liability of Debtor or the rights of RBC the Lender hereunder, and any surplus shall be accounted for as required by law.

Appears in 1 contract

Samples: www.rbcroyalbank.com

DISPOSITION OF MONEY. Subject to any applicable requirements of the P.P.S.A., all Money collected or received by RBC pursuant pursuant, to or in exercise of any right it possesses with respect to Collateral shall be applied on account of Indebtedness in such manner as RBC deems best or, at the option of RBC, may be held unappropriated in a collateral account or released to Debtor, all without prejudice to the liability of Debtor or the rights of RBC hereunder, and any surplus shall be accounted for as required by law.

Appears in 1 contract

Samples: General Security Agreement (VeriChip CORP)

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DISPOSITION OF MONEY. Subject to any applicable requirements of the P.P.S.A.P.P.S.A. or other applicable law, all Money collected or received by RBC pursuant to or in exercise of any right it possesses with respect to Collateral shall be applied on account of Indebtedness in such manner as RBC deems best or, at the option of RBC, may be held unappropriated in a collateral account or released to Debtor, all without prejudice to the liability of Debtor or the rights of RBC hereunder, and any surplus shall be accounted for as required by law.

Appears in 1 contract

Samples: General Security Agreement (Pine Valley Mining Corp)

DISPOSITION OF MONEY. Subject to any applicable requirements of the P.P.S.A., all Money collected or received by RBC pursuant to or in exercise of any right it possesses with respect to Collateral shall be applied on account of Indebtedness in such manner as RBC deems best or, at the option of RBC, may be held unappropriated in a collateral account or released to Debtor, all E-FORM 926 (02/2007) without prejudice to the liability of Debtor or the rights of RBC hereunder, and any surplus shall be accounted for as required by law.

Appears in 1 contract

Samples: Security Agreement (Environmental Solutions Worldwide Inc)

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