Recovery of Amount Sample Clauses

Recovery of Amount. If any such Advantage resulting in the purchase of an additional participation as set forth in subsection (a) or (b) hereof shall be recovered in whole or in part from the Lender receiving the Advantage, each such purchase shall be rescinded, and the purchase price restored (but without interest unless the Lender receiving the Advantage is required to pay interest on the Advantage to the Person recovering the Advantage from such Lender) ratably to the extent of the recovery.
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Recovery of Amount. 12.1 In the event of default or any late payment, the Bank may refer to the Cardholder’s account for collections or any other actions permitted by this Agreement or any applicable law. 12.2 The Cardholder shall be held liable for non‐availability of amount in his account, and an amount of US$ 30/‐ (or its equivalent) shall be charged after completion of tenure (30 day) including a 10 days grace period. The card shall be suspended after completion of 90 days if due amounts are not paid to the Bank. 12.3 Mode of recovery shall in accordance with the relevant procedure of the Credit Card differs with respect to Cardholder(s): 12.3.1 Where the card is secured, the Bank will recover the amount from the Cardholder’s account maintained at the Bank. The Cardholder acknowledges the Bank’s Right of Set off to recover; due amounts from the Cardholder’s other accounts maintained with the Bank in case of unavailability of sufficient fund in the account related with Credit Card. 12.3.2 The Bank shall be at discretion to take any appropriate action for non‐payment of due amounts against the holder of a non‐secured card, the Cardholder irrevocably approves the Bank’s discretion for any legal actions taken against him.
Sample 1
Recovery of Amount. 12.1 In the event of default or any late payment, the Bank may refer to the Cardholder’s account for collections or any other actions permitted by this Agreement or any applicable law. 12.2 The Cardholder shall be liable for non-availability of amount in his account. 12.3 The customer undertakes that incase he did not pay his outstanding amount within 90 days, he will donate a 4% of the outstanding amount to be used in a charitable purposes as approved by the AIB Shariah board. The account will be suspended after completion of 90 days if due amounts are not paid to the Bank. 12.4 Mode of recovery shall, in accordance with the relevant procedure of the Credit Card, differs with respect to Cardholder(s): 12.4.1 Where the card is secured, the Bank shall recover the amount from the Cardholder’s account maintained at the Bank. The Cardholder acknowledges the Bank’s Right of Set off to recover; due amounts from the Cardholder’s other accounts maintained with the Bank in case of unavailability of sufficient fund in the account related with Credit Card. 12.4.2 The Bank shall be at discretion to take any appropriate action for non-payment of due amounts against the holder of a non-secured card, the Cardholder irrevocably approves the Bank’s discretion for any legal actions taken against him.
Sample 1
Recovery of Amount. 12.1 In the event of default or any late payment, the Bank may refer to the Cardholder’s account for collections or any other actions permitted by this Agreement or any applicable law. 12.2 The Cardholder shall be held liable for non-availability of amount in his account, and an amount of US$ 30/- (or its equivalent) shall be charged after completion of tenure (30 day) including a 10 days grace period. The card shall be suspended after completion of 90 days if due amounts are not paid to the Bank.
Sample 1

Related to Recovery of Amount

  • Recovery of Payments If Agent pays any amount to a Lender in the expectation that a related payment will be received by Agent from an Obligor and such related payment is not received, then Agent may recover such amount from each Lender that received it. If Agent determines at any time that an amount received under any Loan Document must be returned to an Obligor or paid to any other Person pursuant to Applicable Law or otherwise, then, notwithstanding any other term of any Loan Document, Agent shall not be required to distribute such amount to any Lender. If any amounts received and applied by Agent to any Obligations are later required to be returned by Agent pursuant to Applicable Law, each Lender shall pay to Agent, on demand, such Lender’s Pro Rata share of the amounts required to be returned.

  • Recovery of Funds The right of the RECIPIENT to retain monies received as reimbursement payments is contingent upon satisfactory performance of this Agreement and completion of the work described in the Scope of Work. All payments to the RECIPIENT are subject to approval and audit by ECOLOGY, and any unauthorized expenditure(s) or unallowable cost charged to this Agreement shall be refunded to ECOLOGY by the RECIPIENT. RECIPIENT shall refund to ECOLOGY the full amount of any erroneous payment or overpayment under this Agreement. RECIPIENT shall refund by check payable to ECOLOGY the amount of any such reduction of payments or repayments within thirty (30) days of a written notice. Interest will accrue at the rate of twelve percent (12%) per year from the time ECOLOGY demands repayment of funds. Any property acquired under this Agreement, at the option of ECOLOGY, may become ECOLOGY's property and the RECIPIENT's liability to repay monies will be reduced by an amount reflecting the fair value of such property.

  • Recovery of Costs If any legal action or other proceeding is brought for the enforcement of this Agreement, or because of an alleged dispute, breach, default or misrepresentation in connection with any of the provisions of this Agreement, the successful or prevailing party shall be entitled to recover reasonable attorneys’ fees and other costs incurred in that action or proceeding (and any additional proceeding for the enforcement of a judgment) in addition to any other relief to which it or they may be entitled.

  • Recovery of Sums Due Wherever under this Framework Agreement any sum of money is recoverable from or payable by the Contractor to the Authority, the Authority may deduct that sum from any sum due to the Contractor whether under a Call-off Contract or otherwise.

  • RECOVERY OF ADDITIONAL COSTS If the imposition of or any change in any law, rule, regulation or guideline, or the interpretation or application of any thereof by any court or administrative or governmental authority (including any request or policy not having the force of law) shall impose, modify or make applicable any taxes (except U.S. federal, state or local income or franchise taxes imposed on Lender), reserve requirements, capital adequacy requirements or other obligations which would (a) increase the cost to Lender for extending or maintaining the credit facilities to which this Agreement relates, (b) reduce the amounts payable to Lender under this Agreement or the Related Documents, or (c) reduce the rate of return on Lender's capital as a consequence of Lender's obligations with respect to the credit facilities to which this Agreement relates, then Borrower agrees to pay Lender such additional amounts as will compensate Lender therefor, within five (5) days after Lender's written demand for such payment, which demand shall be accompanied by an explanation of such imposition or charge and a calculation in reasonable detail of the additional amounts payable by Borrower, which explanation and calculations shall be conclusive in the absence of manifest error.

  • Recovery of Overpayments On occasion a payment will be made to You when You are not covered, for a service that is not Covered, or which is more than is proper. When this happens We will explain the problem to You and You must return the amount of the overpayment to Us within 60 days after receiving notification from Us. However, We shall not initiate overpayment recovery efforts more than 24 months after the original payment was made unless We have a reasonable belief of fraud or other intentional misconduct.

  • C3 Recovery of Sums Due C3.1 Wherever under the Contract any sum of money is recoverable from or payable by the Contractor to the Authority (including any sum which the Contractor is liable to pay to the Authority in respect of any breach of the Contract), the Authority may unilaterally deduct that sum from any sum then due, or which at any later time may become due to the Contractor from the Authority under the Contract or under any other agreement or contract with the Authority or the Crown.

  • Recovery of Litigation Costs If any legal action or other proceeding is brought for the enforcement of this Warrant, or because of an alleged dispute, breach, default, or misrepresentation in connection with any of the provisions of this Warrant, the successful or prevailing party or parties shall be entitled to recover reasonable attorneys’ fees and other costs incurred in that action or proceeding, in addition to any other relief to which it or they may be entitled.

  • Delivery of Collections The Borrower agrees to cause the delivery to the Servicer promptly (but in no event later than two (2) Business Days after receipt) all Collections (including any Deemed Collections) received by Borrower in respect of the Loans that are part of the Collateral.

  • Recovery of Attorney’s Fees In the event of any litigation arising from or relating to this Agreement, the prevailing party in such litigation proceedings shall be entitled to recover, from the non-prevailing party, the prevailing party’s reasonable costs and attorney’s fees, in addition to all other legal or equitable remedies to which it may otherwise be entitled.

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