The Bank’s Rights. If the Bank fails to cancel or stop any funds transfer or xxxx payment, the payment will stand unless you show the Bank that the payment to the payee was unenforceable. If the Bank re-credits your Account after transferring funds over a valid and timely cancellation request, you agree to sign a statement describing the dispute with the payee, to transfer to the Bank all of your rights against the payee, and to assist the Bank in any legal action taken against that person.
The Bank’s Rights. If an Event of Default shall occur, the Bank shall have, in addition to any and all other rights and remedies, legal or equitable, available to the Bank under any and all of the Loan Documents or at law, the following additional rights and remedies:
(a) The absolute right to deny to the Borrower any further Loan or extension of credit (the Lender’s obligation to extend any further credit to the Borrower shall immediately terminate);
(b) The right, at the option of the Lender, to declare, without notice, the entire principal amount and accrued interest for any Loan or extension of credit outstanding under this Agreement, plus any fees and charges reasonably incurred by the Agent, and/or the Lender, under any of the Loan Documents, immediately due and payable;
(c) The right, at the option of the Lender, to charge interest on any principal amount outstanding under this Agreement at the rate one and one-half (1.5%) percentage points above the otherwise applicable interest rate;
(d) The right to the ex parte appointment without bond of a receiver, without regard to the value of any Collateral or solvency of any party liable for payment, observance or performance of the Obligations and regardless of whether the Bank has an adequate remedy a law; and
(e) The Agent and the Lenders may exercise any and all other rights and remedies, legal or equitable, available to the Agent and/or the Lenders under the Notes and under any and all of the other Loan Documents or at law or in equity.
The Bank’s Rights. The Bank shall have the rights of possession, lien, setoff and a security interest in and to all the amounts, assets and rights, including securities, currencies, gold, notes, commodity documents, insurance policies, bills, assignments of obligations, deposits, collateral and the consideration therefor, found in the Bank’s possession or under its control at any time in the Xxxxxxx’x credit or therefor, including those delivered for collection, security, safekeeping or otherwise. The Bank shall be entitled to retain such assets pending the full payment of the Secured Amounts, or to sell them and use the sale proceeds, in whole or in part, to pay the Secured Amounts. In the event that the offset amounts are deposited in a currency other than that in which the Secured Amounts are stated, the Xxxxxxx hereby orders the Bank in advance to sell the credit balance in the other currency according to the rate determined by the Bank or obtained by the Bank therefor at such time, and to credit the sale proceeds, after deducting the necessary expenses and fees, against the Secured Amounts.
The Bank’s Rights. The existence of this Option shall not affect ------------------- in any way the right or power of the Bank or its stockholders to make or authorize any or all adjustments, recapitalizations, reorganizations or other changes in the Bank's capital structure or its business, or any merger or consolidation of the Bank, or any issue of bonds, debentures, preferred or other stock with preference ahead of or convertible in to, or otherwise affecting the Common Stock of the Bank or the rights thereof, or the dissolution or liquidation of the Bank, or any sale or transfer of all or any part of the Bank's assets or business, or any other corporate act or proceedings, whether of a similar character or otherwise.
The Bank’s Rights. Not Waived; Cumulative Rights: Wherever in this Agreement or in any other manner an option, power or right is granted the Bank, it may be exercised without notice to the Company or the Guarantors, except as in this Agreement specifically provided. Each and every right and remedy granted to the Bank hereunder or under any other document delivered hereunder or in connection herewith, or allowed it by law or equity, shall be cumulative and may be exercised from time to time. No failure on the part of the Bank to exercise, or delay in exercising, any right or remedy shall operate as a waiver thereof, nor shall any single or partial exercise by the Bank of any right or remedy preclude any other or future exercise thereof or the exercise of any other right or remedy. No delay, omission or failure to act on the part of the Bank in exercising any option, power or right, shall operate as a waiver thereof, nor shall any single or partial exercise thereof preclude the other, later or further exercise thereof or the exercise of any other power or right.
The Bank’s Rights. If an Event of Default shall occur and be continuing the Bank shall have, in addition to any and all other rights and remedies, legal or equitable, available to the Bank under any and all of the Loan Documents or at law, the following additional rights and remedies:
(a) The absolute right to deny to the Borrower any further Loan or extension of credit (the Bank's obligation to extend any further credit to the Borrower shall immediately terminate);
(b) The right, at the option of the Bank, to declare, without notice, the entire principal amount and accrued interest for any Loan or extension of credit outstanding under this Agreement, plus any fees and charges reasonably incurred by the Bank under any of the Loan Documents, immediately due and payable;
(c) The right, at the option of the Bank, to charge interest on any principal amount outstanding under this Agreement at the rate of 18% per year or three percentage points above the otherwise applicable interest rate, whichever is greater;
(d) The right to the ex parte appointment without bond of a receiver, without regard to the value of any Collateral or solvency of any party liable for payment, observance or performance of the Obligations and regardless of whether the Bank has any adequate remedy at law; and
(e) The right to draw on the Letter of Credit.
The Bank’s Rights. A. The Bank shall have the right to claim any out standing amount from the Cardholder,non-claiming by the Bank at the maturity date shall not be construed as waiver to take any provisional procedure or to enforce pledge on the Cardholder’s money. The Cardholder admits that the Bank shall have the right to take any process to collect its dues.
B. The Bank shall been titled tore fuse customer’s request for issuing“AlAhliIslamicCreditCard”inhisname without giving reason. The Bank shall also have the right to retain all the documents enclosed with the request.
The Bank’s Rights. If an Event of Default shall occur, the Bank shall have, in addition to any and all other rights and remedies, legal or equitable, available to the Bank under any and all of the Loan Documents or at law, the following additional rights and remedies:
(A) The absolute right to deny to the Borrower any further Loan or extension of credit (the Bank's obligation to extend any further credit to the Borrower shall immediately terminate);
(B) The right, at the option of the Bank, to declare, without notice, the entire principal amount and accrued interest for any Loan, the Term Loan or extension of credit outstanding under this Agreement, plus any fees and charges reasonably incurred by the Bank under any of the Loan Documents, immediately due and payable;
(C) The right, at the option of the Bank, to charge interest on any principal amount outstanding under this Agreement at the rate equal to the greater of (i) Base Rate plus 3% or (ii) three percentage points above the otherwise applicable interest rate; and
(D) The right to the ex parte appointment without bond of a receiver, without regard to the value of any Collateral or solvency of any party liable for payment, observance or performance of the Obligations and regardless of whether the Bank has an adequate remedy at law.
The Bank’s Rights. ART.8 The Bank is authorized by the Client, through this agreement, to carry out, in the name and on the account of the Client, the instructions received via the Internet/Mobile Banking application, exclusively on the client’s responsibility.
The Bank’s Rights. The Bank shall have a right:
(i) In the event it is unwilling to continue the Loan on account of regulatory or other reasons, at any time during the tenure of this Agreement, to recall the entire or part of the Loan without assigning any reason; At any time or from time to time to amend/ revise any of the terms and conditions of this agreement including but not limited to revision of interest rate (including the default interest rate, change in EMI for the floating rate loans), periodicity of compounding of interest, method of effecting credit of the repayments, etc. without assigning any reason and notify such change/ revision to the Borrower. The Borrower will be bound by the change in interest rates or such amended terms and conditions as notified by the bank and the Borrower agree/ s that such revision/change shall become applicable from date of such revision in the records of the bank; To receive and adjust any payment it may receive as an assignment of the insurance policy in relation to the property and on the life of the Borrower towards the amounts due and/ or payable by the Borrower under this agreement (including principal, interest, fees, charges, expenses etc.) in the manner and order it deems fit. Without prejudice to the right of the Bank, to appoint one or more third parties as the Bank may select and to delegate to such third party all or any of its functions, rights and powers under this agreement relating to the administration of the loan including the right and authority to collect and receive on behalf of the bank from the Borrower all due and unpaid EMl’s and other amounts due by the Borrower under this agreement and to perform and execute all lawful acts, deeds, matters and things connected therewith and incidental thereto including sending notices, contacting the Borrower, receiving cash/ cheques/ drafts/ mandates from the Borrower and giving valid and effectual receipts and discharge to the Borrower. In the event of the bank appointing an agent as aforesaid, the bank shall be entitled to provide information held by the Bank in relation to the Borrower, the guarantor and the loan to such agent and the Borrower shall co-operate with such agent appointed by the Bank in the same manner as it would with the Bank in terms of this agreement. Notwithstanding the above, in the event of any default by the Borrower, the Borrower expressly accepts and authorises the Bank (and/ or any such third party as the Bank may select) to contact third pa...
