Common use of WHERE THE BANK IS THE PURCHASER Clause in Contracts

WHERE THE BANK IS THE PURCHASER. In the event that the Bank is the successful bidder and so declared the Purchaser by the Auctioneer, the Bank shall have the liberty to set off the Purchase Price against the amount due and owing to the Bank by the Assignor pursuant to the security documents referred to in the Proclamation of Sale.

Appears in 159 contracts

Samples: Proclamation of Sale, Master Facilities Agreement, Facilities Agreement

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WHERE THE BANK IS THE PURCHASER. In the event that the Bank is the successful bidder and so declared the Purchaser by the Auctioneer, the Bank shall have the liberty to set off the Purchase Price against the amount due and owing to the Bank by the Assignor pursuant to the security documents referred to in the Proclamation Pr oclamation of Sale.

Appears in 1 contract

Samples: Facility Agreement

WHERE THE BANK IS THE PURCHASER. In the event that the Bank is the successful bidder and so declared the Purchaser by the Auctioneer, the Bank shall have the liberty to set off the Purchase Price against the amount due and owing to the Bank by the Assignor pursuant to the security documents referred to t o in the Proclamation of Sale.

Appears in 1 contract

Samples: Facilities Agreement Musharakah Mutanaqisah

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WHERE THE BANK IS THE PURCHASER. In the event that the Bank is the successful bidder and so declared the Purchaser by the AuctioneerAuctioneer , the Bank shall have the liberty to set off the Purchase Price against the amount due and owing to the Bank by the Assignor pursuant to the security documents referred to in the Proclamation of Sale.

Appears in 1 contract

Samples: Facilities Agreement and Assignment of Sale and Purchase Agreement

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