Common use of Rights of Bank Clause in Contracts

Rights of Bank. 13.1 The Bank has the right at its absolute discretion to do the following at any time whatsoever whether or not the Card herein has been utilised: (a) Review the Card facility at any time and from time to time irrespective of whether or not an event of default has occurred and any review, if conducted, shall be in the manner determined solely by the Bank. Any delay or omission to conduct a review shall not be construed as a waiver of the Bank’s right to review nor prejudice the Bank’s right to recover all monies owing. (b) At any one time hereafter to withdraw or not make available the Card facility or any part thereof upon the happening of any event which in the Bank’s opinion would affect in any way the Cardmember’s financial position and/or hinder the carrying on of the Cardmember’s business affairs in accordance with sound financial, industrial or commercial standards and practices and/or would jeopardise the Bank’s position and/or which is a default in respect of any of the requirements of the Bank whatsoever at any time and from time to time and the decision of the Bank shall be final and conclusive. The Bank has the absolute discretion to decide on the implementation of this condition (whenever deemed applicable). (c) The Bank has the absolute right and discretion not to release or make available the Card facility or any part thereof or to withdraw and/or terminate the Card facility therein granted to the Cardmember immediately upon the Bank becoming aware that the Cardmember is has been investigated or is alleged to be involved and/or had committed any illegal activities or criminal offences of any nature whatsoever or will be or have been allegedly subjected to any criminal prosecution and/or conviction and/or any security in respect of the facility held by the Bank is subjected to or at risk of freezing, seizure and forfeiture by the Federal Government and/or other relevant authorities or regulatory bodies. In all events, the Bank’s decision shall be final and conclusive.

Rights of Bank. 13.1 12.1 The Bank has the right at its absolute discretion to do the following at any time whatsoever whether or not the Card herein has been utilised: (a) Review the Card facility at any time and from time to time irrespective of whether or not an event of default has occurred and any review, if conducted, shall be in the manner determined solely by the Bank. Any delay or omission to conduct a review shall not be construed as a waiver of the Bank’s right to review nor prejudice the Bank’s right to recover all monies owing. (b) At any one time hereafter to withdraw or not make available the Card facility or any part thereof upon the happening of any event which in the Bank’s opinion would affect in any way the Cardmember’s financial position and/or hinder the carrying on of the Cardmember’s business affairs in accordance with sound financial, industrial or commercial standards and practices and/or would jeopardise the Bank’s position and/or which is a default in respect of any of the requirements of the Bank whatsoever at any time and from time to time and the decision of the Bank shall be final and conclusive. The Bank has the absolute discretion to decide on the implementation of this condition (whenever deemed applicable). (c) The Bank has the absolute right and discretion not to release or make available the Card facility or any part thereof or to withdraw and/or terminate the Card facility therein granted to the Cardmember immediately upon the Bank becoming aware that the Cardmember is has been investigated or is alleged to be involved and/or had committed any illegal activities or criminal offences of any nature whatsoever or will be or have been allegedly subjected to any criminal prosecution and/or conviction and/or any security in respect of the facility held by the Bank is subjected to or at risk of freezing, seizure and forfeiture by the Federal Government and/or other relevant authorities or regulatory bodies. In all events, the Bank’s decision shall be final and conclusive.

Rights of Bank. 13.1 12.1 The Bank has the right at its absolute discretion to do the following at any time whatsoever whether or not the Card herein has been utilised: (a) Review the Card facility at any time and from time to time irrespective of whether or not an event of default has occurred and any review, if conducted, shall be in the manner determined solely by the Bank. Any delay or omission to conduct a review shall not be construed as a waiver of the Bank’s right to review nor prejudice the Bank’s right to recover all monies owing. (b) At any one time hereafter to withdraw or not make available the Card facility or any part thereof upon the happening of any event which in the Bank’s opinion would affect in any way the Cardmember’s financial position and/or and / or hinder the carrying on of the Cardmember’s business affairs in accordance with sound financial, industrial or commercial standards and practices and/or and / or would jeopardise the Bank’s position and/or and / or which is a default in respect of any of the requirements of the Bank whatsoever at any time and from time to time and the decision of the Bank shall be final and conclusive. The Bank has the absolute discretion to decide on the implementation of this condition (whenever deemed applicable). (c) The Bank has the absolute right and discretion not to release or make available the Card facility or any part thereof or to withdraw and/or and / or terminate the Card facility therein granted to the Cardmember immediately upon the Bank becoming aware that the Cardmember is has been investigated or is alleged to be involved and/or and / or had committed any illegal activities or criminal offences of any nature whatsoever or will be or have been allegedly subjected to any criminal prosecution and/or and / or conviction and/or and / or any security in respect of the facility held by the Bank is subjected to or at risk of freezing, seizure and forfeiture by the Federal Government and/or and / or other relevant authorities or regulatory bodies. In all events, the Bank’s decision shall be final and conclusive.

Rights of Bank. 13.1 12.1 The Bank has the right at its absolute discretion to do the following at any time whatsoever whether or not the Card herein has been utilised: (a) Review review the Card facility at any time and from time to time irrespective of whether or not an event of default has occurred and any review, if conducted, shall be in the manner determined solely by the Bank. Any delay or omission to conduct a review shall not be construed as a waiver of the Bank’s right to review nor prejudice the Bank’s right to recover all monies owing. (b) At any one time hereafter to withdraw or not make available the Card facility or any part thereof upon the happening of any event which in the Bank’s opinion would affect in any way the Cardmember’s financial position and/or hinder the carrying on of the Cardmember’s business affairs in accordance with sound financial, industrial or commercial standards and practices and/or would jeopardise the Bank’s position and/or which is a default in respect of any of the requirements of the Bank whatsoever at any time and from time to time and the decision of the Bank shall be final and conclusive. The Bank has the absolute discretion to decide on the implementation of this condition (whenever deemed applicable). (c) The Bank has the absolute right and discretion not to release or make available the Card facility or any part thereof or to withdraw and/or terminate the Card facility therein granted to the Cardmember immediately upon the Bank becoming aware that the Cardmember is has been investigated or is alleged to be involved and/or had committed any illegal activities or criminal offences of any nature whatsoever or will be or have been allegedly subjected to any criminal prosecution and/or conviction and/or any security in respect of the facility held by the Bank is subjected to or at risk of freezing, seizure and forfeiture by the Federal Government and/or other relevant authorities or regulatory bodies. In all events, the Bank’s decision shall be final and conclusive.

Rights of Bank. 13.1 The Bank has the right at its absolute discretion to do the following at any time whatsoever whether or not the Card herein has been utilised: (a) Review the Card facility may at any time and from time to time irrespective of (whether or not an event after revocation or termination of default has occurred and any reviewthis Agreement) without the consent of or notice to Pledgor, if conductedwithout incurring responsibility to Pledgor, shall be without impairing or releasing Bank’s security interest in the manner determined solely by Accounts, upon or without any terms or conditions and in whole or in part: (a) demand and receive payments on the Bank. Any delay or omission to conduct a review shall not be construed as a waiver of the Bank’s right to review nor prejudice the Bank’s right to recover all monies owing. Accounts and give releases, receipts, and acquittances therefor, (b) At effect one or more withdrawals from the Accounts as may be required to pay wholly or partially any one Obligations at any time hereafter outstanding; (c) apply the amounts withdrawn on account of the Obligations, irrespective of the genuineness, validity, or enforceability of any documents relating to withdraw the Obligations or not make available of Borrower’s or Pledgor’s liabilities in respect thereof and of the Card facility existence, validity or value of any security; (d) change the manner, place, or terms of payment, and/or change or extend the time of payment of, renew, or alter any Obligation, any collateral therefor, or any liability incurred directly or indirectly in respect thereof, and the security interests herein granted shall apply to the Obligations as so changed, extended, renewed, or altered; (e) sell, exchange, release, surrender, realize upon, or otherwise deal with in any manner and in any order any property by whomsoever at any time pledged or mortgaged to secure, or howsoever securing, the Obligations; (f) exercise or refrain from exercising any rights against Borrower or others (including Pledgor) or otherwise act or refrain from acting; settle or compromise any Obligation hereby secured, any collateral therefore, or any liability (including any of those hereunder) incurred directly or indirectly in respect thereof or hereof (including, without limitation, the liability of any guarantor); (g) subordinate the payment of all or any part thereof upon to the happening payment of any event which in the liability (whether due or not) of Borrower to Bank’s opinion would affect ; or (h) apply any sums by whomsoever paid or howsoever realized to any Obligation in any way the Cardmember’s financial position and/or hinder the carrying on order regardless of the Cardmember’s business affairs in accordance with sound financial, industrial or commercial standards and practices and/or would jeopardise the Bank’s position and/or which is a default in respect of any of the requirements of the Bank whatsoever at any time and from time to time and the decision of the Bank shall be final and conclusive. The Bank has the absolute discretion to decide on the implementation of this condition (whenever deemed applicable)what Obligations remain unpaid. (c) The Bank has the absolute right and discretion not to release or make available the Card facility or any part thereof or to withdraw and/or terminate the Card facility therein granted to the Cardmember immediately upon the Bank becoming aware that the Cardmember is has been investigated or is alleged to be involved and/or had committed any illegal activities or criminal offences of any nature whatsoever or will be or have been allegedly subjected to any criminal prosecution and/or conviction and/or any security in respect of the facility held by the Bank is subjected to or at risk of freezing, seizure and forfeiture by the Federal Government and/or other relevant authorities or regulatory bodies. In all events, the Bank’s decision shall be final and conclusive.

Rights of Bank. 13.1 12.1 The Bank has the right at its absolute discretion to do the following at any time whatsoever whether or not the Card herein has been utilised: (a) Review the Card facility at any time and from time to time irrespective of whether or not an event of default has occurred and any review, if conducted, shall be in the manner determined solely by the Bank. Any delay or omission to conduct a review shall not be construed as a waiver of the Bank’s right to review nor prejudice the Bank’s right to recover all monies owingmoniesowing. (b) At any one time hereafter to withdraw or not make available the Card facility or any part thereof upon the happening of any event which in the Bank’s opinion would affect in any way the Cardmember’s financial position and/or hinder the carrying on of the Cardmember’s business affairs in accordance with sound financial, industrial or commercial standards and practices and/or would jeopardise the Bank’s position and/or which is a default in respect of any of the requirements of the Bank whatsoever at any time and from time to time and the decision of the Bank shall be final and conclusive. The Bank has the absolute discretion to decide on the implementation of this condition (whenever deemed applicable). (c) The Bank has the absolute right and discretion not to release or make available the Card facility or any part thereof or to withdraw and/or terminate the Card facility therein granted to the Cardmember immediately upon the Bank becoming aware that the Cardmember is has been investigated or is alleged to be involved and/or had committed any illegal activities or criminal offences of any nature whatsoever or will be or have been allegedly subjected to any criminal prosecution and/or conviction and/or any security in respect of the facility held by the Bank is subjected to or at risk of freezing, seizure and forfeiture by the Federal Government and/or other relevant authorities or regulatory bodies. In all events, the Bank’s decision shall be final and conclusive.