Common use of Payments by Bank Clause in Contracts

Payments by Bank. (a) All costs, charges, and expenses incurred by the Bank under this Assignment, including – (i) any expenditure incurred in the creation, registration, enforcement, and/or preparation of this Assignment, or in the giving of any notice, or in the making of any demand for any monies secured by this Assignment (including legal fees on a solicitor and client basis); (ii) paying any expenses or outgoings in respect of insuring, repairing, maintaining, managing, or realising the Property and/or any fixtures, crops, or plants on the Property; (iii) all other monies whatsoever paid by the Bank in respect of the said costs, charges, expenses, and expenditure, or otherwise howsoever; (iv) defending, prosecuting, or otherwise taking part in or attending (whether on a watching brief as observer or otherwise) any action, enquiry, hearing, suit, or other proceedings affecting the Property and/or any fixture, crops, or plants on the Property, and all other payments and sums stipulated on a full indemnity basis; and (v) all or any other sums and monies paid or expended by the Bank under or pursuant to the express or implied provisions of the Land Code and/or this Assignment, and other usual banker‟s charges, will be payable by the Borrower and/or the Assignor to the Bank. (b) Until full payment the said sums will bear interest at the rate specified in Section 5.6(b) with monthly or such other periodic rests in accordance with the type of banking facilities applicable, as well after as before any demand or judgment and regardless of whether or not the banker- customer relationship between the Bank and the Borrower and/or the Assignor has ceased or been terminated, from the date of the sums having been paid or extended, to the date of full payment. (c) The said sums together with interest will be debited to the Borrower‟s and/or the Assignor‟s account, and will be deemed to be charged on the Property in addition to the principal sum hereby advanced and will form part of the first payment due under this Assignment.

Payments by Bank. (a) All costs, charges, and expenses incurred by the Bank under this Assignment, including –including:- (i) any expenditure incurred in the creation, registration, enforcement, and/or preparation of this Assignment, or in the giving of any notice, or in the making of any demand for any monies secured by this Assignment (including legal fees on a solicitor and client basis); (ii) paying any expenses or outgoings in respect of insuring, repairing, maintaining, managing, or realising the Property and/or any fixtures, crops, or plants on the Property; (iii) all other monies whatsoever paid by the Bank in respect of the said costs, charges, expenses, and expenditure, or otherwise howsoever; (iv) defending, prosecuting, or otherwise taking part in or attending (whether on a watching brief as observer or otherwise) any action, enquiry, hearing, suit, or other proceedings affecting the Property and/or any fixture, crops, or plants on the Property, and all other payments and sums stipulated on a full indemnity basis; and (v) all or any other sums and monies paid or expended by the Bank under or pursuant to the express or implied provisions of the Land Code and/or this Assignment, and other usual banker‟s banker’s charges, will be payable by the Borrower and/or the Assignor to the Bank. (b) Until full payment the said sums will bear interest at the rate specified in Section Clause 5.6(b) with monthly or such other periodic rests in accordance with the type of banking facilities applicable, as well after as before any demand or judgment and regardless of whether or not the banker- customer relationship between the Bank and the Borrower and/or the Assignor has ceased or been terminated, from the date of the sums having been paid or extended, to the date of full payment. (c) The said sums together with interest will be debited to the Borrower‟s Borrower’s and/or the Assignor‟s Assignor’s account, and will be deemed to be charged on the Property in addition to the principal sum hereby advanced and will form part of the first payment due under this Assignment.

Payments by Bank. (a) All costs, charges, and expenses incurred by the Bank under this AssignmentAssignment and/or pursuant to the power of attorney referred herein, including –including: (i) any expenditure incurred in the creation, registration, enforcement, and/or preparation of this Assignment, or in the giving of any notice, or in the making of any demand for any monies secured by this Assignment (including legal fees on a solicitor and client basis); (ii) paying any expenses or outgoings in respect of insuring/covering, repairing, maintaining, managing, or realising the Property and/or any fixtures, crops, or plants on the Property; (iii) all other monies whatsoever paid by the Bank in respect of the said costs, charges, expenses, and expenditureexpenditures, or otherwise howsoever; (iv) defending, prosecuting, or otherwise taking part in or attending (whether on a watching brief as observer or otherwise) any action, enquiry, hearing, suit, or other proceedings affecting the Property and/or any fixture, crops, or plants on the Property, and all other payments and sums stipulated on a full indemnity basis; and (v) all or any other sums and monies paid or expended by the Bank under or pursuant to the express or implied provisions of the Land Code and/or this Assignment, and other usual banker‟s banker’s charges, will be payable by the Borrower Customer and/or the Assignor to the Bank. (b) Until full payment the said sums will bear interest at the rate specified in Section 5.6(b) with monthly or such other periodic rests in accordance with the type of banking facilities applicable, as well after as before any demand or judgment and regardless of whether or not the banker- customer relationship between the Bank and the Borrower and/or the Assignor has ceased or been terminated, from the date of the sums having been paid or extended, to the date of full payment. (c) The said sums together with interest will be debited to the Borrower‟s Customer’s and/or the Assignor‟s Assignor’s account, and will be deemed to be charged on the Property in addition to the principal sum hereby advanced and will form part of the first payment due under this Assignment.

Payments by Bank. (a) All costs, charges, and expenses incurred by the Bank under this AssignmentAssignment and/or pursuant to the power of attorney referred herein, including –including: (i) any expenditure incurred in the creation, registration, enforcement, and/or preparation of this Assignment, or in the giving of any notice, or in the making of any demand for any monies secured by this Assignment (including legal fees on a solicitor and client basis); (ii) paying any expenses or outgoings in respect of covering/insuring, repairing, maintaining, managing, or realising the Property and/or any fixtures, crops, or plants on the Property; (iii) all other monies whatsoever paid by the Bank in respect of the said costs, charges, expenses, and expenditureexpenditures, or otherwise howsoever; (iv) defending, prosecuting, or otherwise taking part in or attending (whether on a watching brief as observer or otherwise) any action, enquiry, hearing, suit, or other proceedings affecting the Property and/or any fixture, crops, or plants on the Property, and all other payments and sums stipulated on a full indemnity basis; and (v) all or any other sums and monies paid or expended by the Bank under or pursuant to the express or implied provisions of the Land Code and/or this Assignment, and other usual banker‟s banker’s charges, will be payable by the Borrower Customer and/or the Assignor to the Bank. (b) Until full payment the said sums will bear interest at the rate specified in Section 5.6(b) with monthly or such other periodic rests in accordance with the type of banking facilities applicable, as well after as before any demand or judgment and regardless of whether or not the banker- customer relationship between the Bank and the Borrower and/or the Assignor has ceased or been terminated, from the date of the sums having been paid or extended, to the date of full payment. (c) The said sums together with interest will be debited to the Borrower‟s Customer’s and/or the Assignor‟s Assignor’s account, and will be deemed to be charged on the Property in addition to the principal sum hereby advanced and will form part of the first payment due under this Assignment.. LEG/i-024 DOA(RP)(01/18)