Ruling off of Accounts. On receiving notice that the Chargor has encumbered or disposed of any of the Charged Property, Agent may rule off such Chargor's account or accounts and open a new account or accounts in the name of the Chargor.
Appears in 2 contracts
Samples: Share Charge Agreement (Palm Inc), Share Charge (Palm Inc)
Ruling off of Accounts. On receiving notice that the Chargor has encumbered or disposed of any of the Charged Property, Agent the Lender may rule off such Chargor's account or accounts and open a new account or accounts in the name of the Chargor.
Appears in 1 contract
Samples: Share Charge (Futurelink Corp)
Ruling off of Accounts. On receiving notice that the Chargor has encumbered or disposed of any of the Charged Property, the Security Agent may rule off such Chargor's account or accounts and open a new account or accounts in the name of the Chargor.
Appears in 1 contract
Samples: Credit and Guarantee Agreement (Remington Capital Corp)
