Right of appropriation. (a) We shall be entitled in our reasonable discretion to apply and appropriate all payments received by us in such a manner or order of priority as we may deem fit, notwithstanding any specific appropriation of such sums by you or any person making such payment. Without prejudice to the generality of the foregoing, we may apply payments received by us in the following order of priority:
(i) all billed but unpaid interest, fees and charges;
(ii) all unpaid balance transfer balances, cash advances, instalment plans, card transactions shown in any previous statements of account;
(iii) all unpaid balance transfer balances, cash advances, instalment plans, card transactions shown in the current statement of account; and
(iv) all unpaid balance transfer balances, cash advances, instalment plans, card transactions not yet included in any statement of account.
(b) For each category of unpaid balances referred to in each of sub- clauses 15.1(a)(ii), (iii) and (iv):
(i) the balances with the highest applicable interest rate will be repaid in priority to the other balances within such category; and
(ii) where the interest rate applicable to any unpaid balance transfer balances within such category is the same, payments received by us will reduce the balances transferred under the latest fund transfer program (after it has been reflected in your statement of account) first, notwithstanding that you may have unpaid balance transfer balances from earlier fund transfer programs.
Right of appropriation. (a) We shall be entitled in our reasonable discretion to apply and appropriate all payments received by us in such a manner or order of priority as we may deem fit, notwithstanding any specific appropriation of such sums by you or any person making such payment. Without prejudice to the generality of the foregoing, we may apply payments received by us in the following order of priority:
(i) all unpaid interest, fees and charges;
(ii) all unpaid balance transfer balances (subject to 15.1 (b)), cash advances, instalment plans, card transactions shown in any previous statements of account;
(iii) all unpaid balance transfer balances (subject to 15.1 (b)), cash advances, instalment plans, card transactions shown in the current statement of account; and
(iv) all unpaid balance transfer balances (subject to 15.1 (b)), cash advances, instalment plans, card transactions not yet included in any statement of account.
(b) Payments made to your card account will always reduce the balances transferred under the latest fund transfer program (after it has been reflected in your statement of account) before reducing any other current balance in your card account (including any balances transferred from previous fund transfer programs)
Right of appropriation. To the extent that any of the Series 2023-1 (A2) Secured Property constitutes "financial collateral" and the Note Trust Deed, as supplemented by this Note Trust Deed Supplement, and the obligations of the Issuer thereunder and hereunder constitute a "security financial collateral arrangement" (in each case as defined in, and for the purposes of, the Financial Collateral Arrangements (No. 2) Regulations 2003 (SI 2003 No. 3226) (the Financial Collateral Regulations) the Note Trustee shall have the right to appropriate all or any part of such financial collateral in or towards discharge of the Series 2023-1 (A2) Secured Obligations. For this purpose, the parties agree that the value of such financial collateral so appropriated shall be (a) in the case of cash, the amount standing to the credit of the Series 2023-1 (A2) Charged Accounts in which the Issuer may at any time in respect of Series 2023-1 (A2) have any Benefit, together with any accrued but unposted interest, at the time the right of appropriation is exercised; and (b) in the case of the Series 2023-1 (A2) Loan Note, the market price of the Series 2023- 1 (A2) Loan Note determined by the Note Trustee or any appointee or agent appointed by the Note Trustee or any Receiver or by such process as the Note Trustee or any appointee or agent appointed by the Note Trustee or any Receiver may select, including independent valuation. In each case, the parties agree that the method of valuation provided for in this Note Trust Deed Supplement shall constitute a commercially reasonable method of valuation for the purposes of the Financial Collateral Regulations.
Right of appropriation. To the extent that any of the Charged Property constitutes “financial collateral” and this Debenture and the obligations of any Company hereunder constitute a “security financial collateral arrangement” (in each case as defined in, and for the purposes of, the Financial Collateral Arrangements (No. 2) Regulations 2003 (SI 2003 No. 3226) (the “Regulations”) the Security Agent shall have the right to appropriate all or any part of such financial collateral in or towards discharge of the Secured Obligations. For this purpose, the parties agree that the value of such financial collateral so appropriated shall be (1) in the case of cash, the amount standing to the credit of each of the Accounts, together with any accrued but unposted interest, at the time the right of appropriation is exercised; and (2) in the case of Included Investments and/or Shares, the fair market price of such Included Investments and/or Shares reasonably determined by the Security Agent by reference to a public index or by such other process as the Security Agent may reasonably select, including independent valuation. In each case, the parties agree that the method of valuation provided for in this Debenture shall constitute a commercially reasonable method of valuation for the purposes of the Regulations.
Right of appropriation. We are entitled in our absolute discretion to apply and appropriate all payments received by us in such manner or order of priority as we may deem fit, notwithstanding any specific appropriation of such sums by the business member or any person making such payment. Without prejudice to the generality of the foregoing, we may apply payments received by us in the following order of priority:-
(i) all unpaid interest, fees and charges shown in any previous master billing statement of account;
(ii) all unpaid interest, fees and charges shown in the current master billing statement of account;
(iii) all unpaid fund transfer balances (subject to 15.1(b)), cash advances, Card transactions shown in any previous master billing statements of account;
(iv) all unpaid fund transfer balances (subject to 15.1(b)), cash advances, Card transactions shown in the current master billing statement of account;
(v) all unpaid fund transfer balances (subject to 15.1(b)), cash advances, Card transactions not yet included in the computation of any master billing statement of account.
(b) Payments made to your Card account will always reduce the balances transferred under the latest fund transfer program (after it has been reflected in your statement of account) before reducing any other outstanding balance in your Card account (including any balances transferred from previous fund transfer programs).
Right of appropriation. To the extent the Charged Assets constitute “financial collateral” and this Deed constitutes a “security financial collateral arrangement” (as defined in the Financial Collateral Arrangements (No. 2) Regulations 2003 (SI 2003 No. 3226) the Security Trustee may appropriate all or any part of the Charged Assets in or towards satisfaction of the Secured Obligations, the value of the assets so appropriated being such amount as the Security Trustee shall determine in a commercially reasonable manner.
Right of appropriation. Without prejudice to the other provisions of this Assignation, to the extent that any of the Assigned Rights constitute “financial collateral”, and this Assignation and the obligations of the Company hereunder constitute a “security financial collateral arrangement” (in each case as defined in, and for the purposes of, the Financial Collateral Arrangements (No. 2) Regulations 2003 (SI 2003/3226) (the “Regulations”), the Collateral Agent shall at any time on or after the Enforcement Date have the right to appropriate all or any part of the Assigned Rights in or towards discharge of the Secured Liabilities. For this purpose, the parties agree that the value of any such Assigned Rights so appropriated shall be the market price of such Assigned Rights at the time the right of appropriation is exercised as determined by the Collateral Agent by reference to such method or source of valuation as the Collateral Agent may select, including by independent valuation. For this purpose, the parties agree that the methods or sources of valuation provided for in this Clause 8.2 (Right of appropriation) or selected by the Collateral Agent in accordance with this Clause 8.2 (Right of appropriation) shall constitute a commercially reasonable method of valuation for the purposes of the Regulations.
Right of appropriation. (a) We shall be entitled in our reasonable discretion to apply and appropriate all payments received by us in such a manner or order of priority as we may deem fit, notwithstanding any specific appropriation of such sums by you or any person making such payment. Without prejudice to the generality of the foregoing, we may apply payments received by us in the following order of priority:
(i) all billed but unpaid interest, fees and charges;
(ii) all unpaid balance transfer balances, cash advances, instalment plans, card transactions shown in any previous statements ofaccount;
(iii) all unpaid balance transfer balances, cash advances, instalment plans, card transactions shown in the currentstatementofaccount; and
(iv) all unpaid balance transfer balances, cash advances, instalment plans, card transactions notyetincluded in any statementofaccount.
(b) For each category of unpaid balances referred to in each of sub-clauses 15.1(a)(ii),
Right of appropriation. 15.9.1 To the extent that:
(a) the Secured Assets constitute Financial Collateral; and
(b) this deed and the obligations of the Company under it constitute a Security Financial Collateral Arrangement. the Lender shall have the right, at any time after the security constituted by this deed has become enforceable, to appropriate all or any of those Secured Assets in or towards the payment or discharge of the Secured Liabilities in any order that the Lender may, in its absolute discretion, determine.
15.9.2 The value of any Secured Assets appropriated in accordance with clause 15.9.1 shall be the price of those Secured Assets at the time the right of appropriation is exercised as listed on any recognised market index, or determined by any other method that the Lender may select (including independent valuation).
15.9.3 The Company agrees that the methods of valuation provided for in this clause are commercially reasonable for the purposes of the Financial Collateral Regulations.
Right of appropriation. We are entitled at our absolute discretion to apply and appropriate all payments received by us in such manner or order of priority as we may deem fit, notwithstanding any specific appropriation of such sums by you or any person making such payment. Without prejudice to the generality of the foregoing, we may apply payments received by us in the following order of priority :-
(a) all unpaid GST, interest, fees, cash advances, charges and other costs shown in any previous statements of account;
(b) all unpaid GST, interest, fees, cash advances, charges and other costs shown in the current statement of account;
(c) all unpaid card transactions (excluding cash advances) shown in any previous statements of account;
(d) all card transactions (excluding cash advances) shown in the current statement of account;
(e) all card transactions not yet included in any statement of account.
