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

WHERE THE BANK IS THE PURCHASER. 8.1 In the event that MBSB is the successful bidder and so declared the Purchaser by the Auctioneer, MBSB shall have the liberty to set-off the Purchase Price against the amount due and owing to MBSB by the assignor pursuant to the security documents referred to in the Proclamation of Sale.

WHERE THE BANK IS THE PURCHASER. 8.1 In the event that MBSB is the successful bidder and so declared the Purchaser PURCHASER by the Auctioneer, MBSB shall have the liberty to set-off the Purchase Price against the amount due and owing to MBSB by the assignor Assignor pursuant to the security documents referred to in the Proclamation of Sale.

WHERE THE BANK IS THE PURCHASER. 8.1 9.1 In the event that MBSB is the successful bidder and so declared the Purchaser by the Auctioneer, MBSB shall have the liberty to set-off the Purchase Price against the amount due and owing to MBSB by the assignor pursuant to the security documents referred to in the Proclamation of Sale.