Common use of IMPUTATION OF PAYMENTS Clause in Contracts

IMPUTATION OF PAYMENTS. The Trustee, to the greatest extent permitted by applicable law, shall be at liberty to impute any amounts collected in the exercise of its rights prior to or after any Default as it may choose without having to comply with any provisions of the Civil Code of Quebec concerning the imputation of payments.

Appears in 4 contracts

Samples: Deed of Hypothec (SLM International Inc /De), Deed of Hypothec (SLM International Inc /De), Deed of Hypothec (SLM International Inc /De)

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