Common use of General Right Clause in Contracts

General Right. Each Obligor authorises the Lender to: (a) Application: apply (without prior notice or Demand) all or part of any money owing by the Lender to an Obligor in repayment of the Secured Money; and

Appears in 11 contracts

Sources: Loan Agreement, Loan Agreement, Loan Agreement

General Right. Each Obligor authorises the Lender to: (a) Application: apply (without prior notice or Demand) all or part of any money owing by the Lender to an Obligor in repayment of the Secured Money; and b) Contingent Liability: retain any such money pending any part of the Secured Money which are contingently due being qualified.

Appears in 4 contracts

Sources: Loan Agreement, Loan Agreement, Loan Agreement

General Right. Each Obligor authorises the Lender to: (a) Application: apply (without prior notice or Demand) all or part of any money owing by the Lender to an Obligor in repayment of the Secured Money; and

Appears in 4 contracts

Sources: Personal Loan Agreement, Personal Loan Agreement, Personal Loan Agreement

General Right. Each Obligor authorises the Lender to: (a) a. Application: apply (without prior notice or Demand) all or part of any money owing by the Lender to an Obligor in repayment of the Secured Money; and b. Contingent Liability: retain any such money pending any part of the Secured Money which are contingently due being quantified.

Appears in 1 contract

Sources: Loan Agreement

General Right. Each Obligor authorises the Lender toLenderto: (a) Application: apply (without prior notice or Demand) all or part of any money owing by the Lender to an Obligor in repayment of the Secured Money; and

Appears in 1 contract

Sources: Loan Agreement