PAYMENT IN GROSS. (a) All monies received from or on account of the Borrower and/or the Assignor, from any other persons or estate, from the realisation of this Assignment or any security, or otherwise for the purpose of being applied in the reduction of the Borrower‟s and/or the Assignor‟s account or of the monies covenanted to be paid under this Assignment, will be treated for all purposes as payments in gross, and not as appropriated or attributable to any specific part or item of the said monies covenanted to be paid, even if appropriated as such by the Bank.
PAYMENT IN GROSS. 16.1 All moneys received from or on account of the Borrower and/or any Security Party, or from any other person, from the realisation of any Security for the purpose of being applied towards reducing the Indebtedness will be treated for all purposes as payments in gross and not as appropriated or attributable to any specific part or item of any moneys owing to the Bank, even if appropriated as such by the Bank.
PAYMENT IN GROSS. (a) All monies received from or on account of the Customer and/or the Chargor, from any other persons or estate, from the realisation of this Charge or any Security, or otherwise for the purpose of being applied in the reduction of the Customer’s account or of the monies covenanted to be paid under this Charge, will be treated for all purposes as payments in gross, and not as appropriated or attributable to any specific part or item of the said monies covenanted to be paid, even if appropriated as such by the Chargee.
PAYMENT IN GROSS. All money received or recovered by the Beneficiary on account of the Obligations shall be treated as payments in gross.
PAYMENT IN GROSS. All monies received by the Bank from any person or estate capable of being applied in reduction of the Indebtedness shall be regarded for all purposes as payment in gross, and if a receiving order shall be made against any person liable to the Bank or any order be made or any effective resolution be passed for the winding up of any company liable to the Bank, the Bank may prove for the whole of the monies then payable, and no money received under such proof shall be considered as having been received and the full amount payable shall remain payable, until the Bank has received from all sources One Hundred Sen in the Ringgit Malaysia (or in the case of foreign currency facilities taken by the Customer, the relevant foreign currency equivalent).
PAYMENT IN GROSS. (a) All benefits or monies received by the Company from or on account of the Client capable of being applied by the Company in reduction of any money owing to the Company shall be taken and applied by the Company as payment in gross without any right of the Guarantor to claim any benefit from any monies so received by the Company until the Company has received all of the monies owed and all of the Client’s Obligations have been performed.
PAYMENT IN GROSS. All moneys payable by the Guarantor under this clause 37 must be:
PAYMENT IN GROSS. All money received or recovered by the Financiers on account of the Guaranteed Money will be treated as payments in gross.
PAYMENT IN GROSS. All monies received by the Lender from any person or estate capable of being applied in reduction of the monies hereby secured shall be regarded fur all purposes as payments in gross and if a receiving order is made against any person liable to the Lender or an order be made or an effective resolution be passed for the winding-up of any company liable to the Lender, the Lender may proe for the whole of the monies then owing and no money received under such proof shall be considered as received in respect of this security but the full amount owing shall by payable until the Lender has received from all sources one hundred sen in the ringgit and if the amount ultimately received by the Lender exceeds the amount of the ultimate balance owing to the Lender the excess only over such ultimate balance shall be repaid to the person or party on whose account the same hall have been received by the Lender. The Borrower(s) hereby agrees that· until the Indebtedness is fully settled, any monies (whether in the form of cash, dividends or other forms), property or assets receivable by the Lender under Sections 16.07 or 16.16 but paid to or received by' the Borrower(s) shall be held upon trust to pay or to transfer the same to the Lender to the extent of such Indebtedness.
PAYMENT IN GROSS. All money received or recovered by the State on account of the Guaranteed Money will be treated as payments in gross without any right on the part of the Guarantor to claim the benefit of any money received or recovered by the State or any Security, until the State has been paid 100 cents in the dollar in respect of the Guaranteed Money.
