Common use of PAYMENTS AND SET-OFF Clause in Contracts

PAYMENTS AND SET-OFF. The Bank may apply all amounts due to an account of the Customer with the Bank, even if it causes that account to be overdrawn or exceed any limit. The Bank may set off any amount due to the Bank under this Agreement against any amount owing by the Bank to the Customer. The Bank may exercise this right, without prior notice, both before and after demand. Each Customer will provide the following Financial Information within the specified number of days from the end of the period to which it relates: its annual financial statements [22and the consolidated financial statements of its parent], audited unless otherwise agreed by the Bank, within [ ] days. its half-yearly financial statements [23and the consolidated half-yearly financial statements of its parent] within [ ] days. its [ ] management accounts [24and the [ ] consolidated management accounts of its parent] incorporating [ ] within [ ] days. The Customer will ensure that all Financial Information is prepared consistently and in accordance with generally accepted accounting standards and that any management accounts are in a form acceptable to the Bank. The Customer will promptly provide any further information regarding its business or financial condition as the Bank may reasonably request, including audited financial statements if not already provided. A request to add or remove an Account must be in writing. The Bank may refuse a request. When requested by the Customer, the Bank will supply the Customer with a copy of this Agreement free of charge. The Financial Information will be required to demonstrate for the period to which it relates that: [ ] In this Agreement: 26[ ]] All consents, notices and demands must be in writing. The Bank may deliver a notice or demand to the Customer at 27[the Address for Service or] the contact details last known to the Bank. A notice or demand by the Bank will be effective at the time of personal delivery; on the second business day after posting; or, if by fax, at the time of sending, if sent before 6.00p.m. on a business day, or otherwise on the next business day. A notice from the Customer to the Bank must be addressed to the Customer's Relationship Manager and will be effective on receipt.

PAYMENTS AND SET-OFF. The Bank may apply all amounts due to an account of the Customer with the Bank, even if it causes that account to be overdrawn or exceed any limit. The Bank may set off any amount due to the Bank under this Agreement against any amount owing by the Bank to the Customer. The Bank may exercise this right, without prior notice, both before and after demand. Each Customer will provide the following Financial Information within the specified number of days from the end of the period to which it relates: its annual financial statements [22and 23and the consolidated financial statements of its parent], audited unless otherwise agreed by the Bank, within [ ] days. its half-yearly financial statements [23and 24and the consolidated half-yearly financial statements of its parent] within [ ] days. its [ ] management accounts [24and 25and the [ ] consolidated management accounts of its parent] incorporating [ ] within [ ] days. The Customer will ensure that all Financial Information is prepared consistently and in accordance with generally accepted accounting standards and that any management accounts are in a form acceptable to the Bank. The Customer will promptly provide any further information regarding its business or financial condition as the Bank may reasonably request, including audited financial statements if not already provided. A request to add or remove an Account must be in writing. The Bank may refuse a request. When requested by the Customer, the Bank will supply the Customer with a copy of this Agreement free of charge. The Financial Information will be required to demonstrate for the period to which it relates that: [ ] In this Agreement: 2627[ ]] All consents, notices and demands must be in writing. The Bank may deliver a notice or demand to the Customer at 27[the 28[the Address for Service or] the contact details last known to the Bank. A notice or demand by the Bank will be effective at the time of personal delivery; on the second business day after posting; or, if by fax, at the time of sending, if sent before 6.00p.m. on a business day, or otherwise on the next business day. A notice from the Customer to the Bank must be addressed to the Customer's Relationship Manager and will be effective on receipt.

PAYMENTS AND SET-OFF. The Bank may apply all amounts due to an account of the Customer with the Bank, even if it causes that account to be overdrawn or exceed any limit. The Bank may set off any amount due to the Bank under this Agreement against any amount owing by the Bank to the Customer. The Bank may exercise this right, without prior notice, both before and after demand. Each Customer will provide the following Financial Information within the specified number of days from the end of the period to which it relates: its annual financial statements [22and 14and the consolidated financial statements of its parent], audited unless otherwise agreed by the Bank, within [ ] days. its half-yearly financial statements [23and 15and the consolidated half-yearly financial statements of its parent] within [ ] days. its [ ] management accounts [24and 16and the [ ] consolidated management accounts of its parent] incorporating [ ] within [ ] days. The Customer will ensure that all Financial Information is prepared consistently and in accordance with generally accepted accounting standards and that any management accounts are in a form acceptable to the Bank. The Customer will promptly provide any further information regarding its business or financial condition as the Bank may reasonably request, including audited financial statements if not already provided. A request to add or remove an Account must be in writing. The Bank may refuse a request. When requested by the Customer, the Bank will supply the Customer with a copy of this Agreement free of charge. The Financial Information will be required to demonstrate for the period to which it relates that: [ ] In this Agreement: 2618[ ]] All consents, notices and demands must be in writing. The Bank may deliver a notice or demand to the Customer at 27[the 19[the Address for Service or] the contact details last known to the Bank. A notice or demand by the Bank will be effective at the time of personal delivery; on the second business day after posting; or, if by fax, at the time of sending, if sent before 6.00p.m. on a business day, or otherwise on the next business day. A notice from the Customer to the Bank must be addressed to the Customer's Relationship Manager and will be effective on receipt.

PAYMENTS AND SET-OFF. The Bank may apply all amounts due to an account of the Customer with the Bank, even if it causes that account to be overdrawn or exceed any limit. The Bank may set off any amount due to the Bank under this Agreement against any amount owing by the Bank to the Customer. The Bank may exercise this right, without prior notice, both before and after demand. Each Customer will provide the following Financial Information within the specified number of days from the end of the period to which it relates: its annual financial statements [22and 17and the consolidated financial statements of its parent], audited unless otherwise agreed by the Bank, within [ ] days. its half-yearly financial statements [23and 18and the consolidated half-yearly financial statements of its parent] within [ ] days. its [ ] management accounts [24and 19and the [ ] consolidated management accounts of its parent] incorporating [ ] within [ ] days. The Customer will ensure that all Financial Information is prepared consistently and in accordance with generally accepted accounting standards and that any management accounts are in a form acceptable to the Bank. The Customer will promptly provide any further information regarding its business or financial condition as the Bank may reasonably request, including audited financial statements if not already provided. A request to add or remove an Account must be in writing. The Bank may refuse a request. When requested by the Customer, the Bank will supply the Customer with a copy of this Agreement free of charge. The Financial Information will be required to demonstrate for the period to which it relates that: [ ] In this Agreement: 2621[ ]] All consents, notices and demands must be in writing. The Bank may deliver a notice or demand to the Customer at 27[the 22[the Address for Service or] the contact details last known to the Bank. A notice or demand by the Bank will be effective at the time of personal delivery; on the second business day after posting; or, if by fax, at the time of sending, if sent before 6.00p.m. on a business day, or otherwise on the next business day. A notice from the Customer to the Bank must be addressed to the Customer's Relationship Manager and will be effective on receipt.

PAYMENTS AND SET-OFF. The Bank may apply all amounts due to an account of the Customer with the Bank, even if it causes that account to be overdrawn or exceed any limit. The Bank may set off any amount due to the Bank under this Agreement against any amount owing by the Bank to the Customer. The Bank may exercise this right, without prior notice, both before and after demand. Each The Customer will provide the following Financial Information within the specified number of days from the end of the period to which it relates: its annual financial statements statements, audited unless otherwise agreed by the Bank [22and the consolidated financial statements of its parent], audited unless otherwise agreed by the Bank, within [ ] days. its half-yearly financial statements [23and the consolidated half-yearly financial statements of its parent] within [ ] days. its [ ] management accounts incorporating [ ] [24and the [ ] consolidated management accounts of its parent] incorporating [ ] within [ ] days. The Customer will ensure that all Financial Information is prepared consistently and in accordance with generally accepted accounting standards and that any management accounts are in a form acceptable to the Bank. The Customer will promptly provide any further information regarding its business or financial condition as the Bank may reasonably request, including audited financial statements if not already provided. A request to add or remove an Account must be in writing. The Bank may refuse a request. When requested by the Customer, the Bank will supply the Customer with a copy of this Agreement free of charge. The Financial Information will be required to demonstrate for the period to which it relates that: [ ] In this Agreement: 26[ ]] All consents, notices and demands must be in writing. The Bank may deliver a notice or demand to the Customer at 27[the Address for Service or] the contact details last known to the Bank. A notice or demand by the Bank will be effective at the time of personal delivery; on the second business day after posting; or, if by fax, at the time of sending, if sent before 6.00p.m. on a business day, or otherwise on the next business day. A notice from the Customer to the Bank must be addressed to the Customer's Relationship Manager and will be effective on receipt.