Right to Vary. The Bank shall be at liberty without thereby affecting its rights hereunder at any time:- to determine or vary any credit to the Assignor and to vary the rate of interest payable for or in respect of the monies hereby secured or any part thereof; to vary exchange or release any security or to be held by the Bank for or on account of the monies hereby secured or any part thereof; and to renew bills or promissory notes in any manner and to compound with given time for payment, accept composition from and make any other arrangements with any person or party liable to the Bank in respect of bills notes or other securities held or to be held by the Bank for the monies hereby secured or any part thereof.
Appears in 6 contracts
Samples: Assignment of Receivables, Fixed Charge, and Floating Charge Agreement, Assignment of Insurance, Assignment of Insurance
Right to Vary. The Bank shall be at liberty without thereby affecting its rights hereunder at any time:- time: to determine or vary any credit to the Assignor and to vary the rate of interest payable for or in respect of the monies moneys hereby secured or any part thereof; to vary exchange or release any security or to be held by the Bank for or on account of the monies moneys hereby secured or any part thereof; and to renew bills or promissory notes in any manner and to compound with given time for payment, accept composition from and make any other arrangements with any person or party liable to the Bank in respect of bills notes or other securities held or to be held by the Bank for the monies moneys hereby secured or any part thereof.
Appears in 2 contracts
Samples: Assignment of Contracts and Contract Proceeds / Charge Over Account, Assignment of Building Contract Proceeds / Charge Over Account
Right to Vary. The Bank shall be at liberty without thereby affecting its rights hereunder at any time:- time: to determine or vary any credit to the Assignor Company and to vary the rate of interest payable for or in respect of the monies hereby secured or any part thereof; to vary exchange or release any security or to be held by the Bank for or on account of the monies hereby secured or any part thereof; and to renew bills or promissory notes in any manner and to compound with given time for payment, accept composition from and make any other arrangements with any person or party liable to the Bank in respect of bills notes or other securities held or to be held by the Bank for the monies hereby secured or any part thereof.
Appears in 1 contract
Samples: Deed of Charge and Assignment
