Money on Deposit with BOQ Specialist Sample Clauses

Money on Deposit with BOQ Specialist. This security agreement does not affect BOQ Specialist’s right of set-off or appropriation in respect of any money deposited by the Grantor to BOQ Specialist or otherwise due by BOQ Specialist to the Grantor. Until the whole of the Secured Money is paid to BOQ Specialist, any money deposited by the Grantor with BOQ Specialist or owing to the Grantor by BOQ Specialist on any account will not become due for payment. The Grantor’s rights in respect of that money are personal and the Grantor must not assign or deal with them in any way. At any time while an Event of Default is subsisting, BOQ Specialist may set-off or appropriate the whole or any part of that money.
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Related to Money on Deposit with BOQ Specialist

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