Common use of Right of appropriation Clause in Contracts

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. (a) 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 fitfit, notwithstanding any specific specific appropriation of such sums by the business member 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:-priority :- (i) all All unpaid interest, fees and charges shown in any previous master billing statement statements of account; (ii) all All unpaid interest, fees and charges shown in the current master billing statement statements of account; (iii) all All unpaid fund transfer balances (subject to 15.1(b15.1 (b)), cash advances, Card transactions shown in any previous master billing statements of account; (iv) all All unpaid fund transfer balances (subject to 15.1(b15.1 (b)), cash advances, Card transactions shown in the current master billing statement of account;; and (v) all All unpaid fund transfer balances (subject to 15.1(b15.1 (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 reflected in your statement of account) before reducing any other outstanding current balance in your Card account (including any balances transferred from previous fund transfer programs).

Right of appropriation. (a) 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 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:-priority :- (i) all unpaid interest, fees and charges shown in any previous master billing statement statements of account; (ii) all unpaid interest, fees and charges shown in the current master billing statement statements of account; (iii) all unpaid fund transfer balances (subject to 15.1(b17.1 (b)), cash advances, Card transactions shown in any previous master billing statements of account; (iv) all unpaid fund transfer balances (subject to 15.1(b17.1 (b)), cash advances, Card transactions shown in the current master billing statement of account;; and (v) all unpaid fund transfer balances (subject to 15.1(b17.1 (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 current balance in your Card account (including any balances transferred from previous fund transfer programs).

Right of appropriation. (a) 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 fitfit, notwithstanding any specific specifi c appropriation of such sums by the business member 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:-priority :- (i) all All unpaid interest, fees and charges shown in any previous master billing statement statements of account; (ii) all All unpaid interest, fees and charges shown in the current master billing statement statements of account; (iii) all All unpaid fund transfer balances (subject to 15.1(b15.1 (b)), cash advances, Card transactions shown in any previous master billing statements of account; (iv) all All unpaid fund transfer balances (subject to 15.1(b15.1 (b)), cash advances, Card transactions shown in the current master billing statement of account;; and (v) all All unpaid fund transfer balances (subject to 15.1(b15.1 (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 reflected in your statement of account) before reducing any other outstanding current balance in your Card account (including any balances transferred from previous fund transfer programs).

Right of appropriation. (a) 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 fitfit, notwithstanding any specific specific appropriation of such sums by the business member 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:-priority :- (i) all unpaid interest, fees and charges shown in any previous master billing statement statements of account; (ii) all unpaid interest, fees and charges shown in the current master billing statement statements of account; (iii) all unpaid fund transfer balances (subject to 15.1(b15.1 (b)), cash advances, Card transactions shown in any previous master billing statements of account; (iv) all unpaid fund transfer balances (subject to 15.1(b15.1 (b)), cash advances, Card transactions shown in the current master billing statement of account;; and (v) all unpaid fund transfer balances (subject to 15.1(b15.1 (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 reflected in your statement of account) before reducing any other outstanding current balance in your Card card account (including any balances transferred from previous fund transfer programs).