Common use of Application of credit balances Clause in Contracts

Application of credit balances. Each Creditor Party may, following the occurrence of an Event of Default which is continuing, without prior notice: (a) apply any balance (whether or not then due) which at any time stands to the credit of any account in the name of any Borrower at any office in any country of that Creditor Party in or towards satisfaction of any sum then due from the Borrowers to that Creditor Party under any of the Finance Documents; and (b) for that purpose: (i) break, or alter the maturity of, all or any part of a deposit of any Borrower; (ii) convert or translate all or any part of a deposit or other credit balance into Dollars; and (iii) enter into any other transaction or make any entry with regard to the credit balance which the Creditor Party concerned considers appropriate.

Application of credit balances. Each Creditor Party may, following at any time after the occurrence of an Event of Default which is continuing, without prior notice: (a) apply any balance (whether or not then due) which at any time stands to the credit of any account in the name of any Borrower an Obligor at any office in any country of that Creditor Party in or towards satisfaction of any sum then due from the Borrowers that Obligor to that Creditor Party under any of the Finance Documents; and (b) for that purpose: (i) break, or alter the maturity of, all or any part of a deposit of any Borrowerthat Obligor; (ii) convert or translate all or any part of a deposit or other credit balance into Dollars; and; (iii) enter into any other transaction or make any entry with regard to the credit balance which the Creditor Party concerned considers appropriate.

Application of credit balances. Each Creditor Party may, The Mortgagee may without prior notice following the occurrence of an Event of Default which is continuing, without prior notice: (a) apply any balance (whether or not then due) which at any time stands to the credit of any account in the name of any Borrower the Guarantor at any office in any country of that Creditor Party the Mortgagee in or towards satisfaction of any sum then due from the Borrowers Guarantor to that Creditor Party the Mortgagee under any of the Finance Documentsthis Guarantee; and (b) for that purpose: (i) break, or alter the maturity of, all or any part of a deposit of any Borrowerthe Guarantor; (ii) convert or translate all or any part of a deposit or other credit balance into Dollars; and; (iii) enter into any other transaction or make any entry with regard to the credit balance which the Creditor Party concerned Mortgagee considers appropriate.

Application of credit balances. Each Creditor Party may, following after the occurrence of an Event of Default which is continuing, without prior notice: (a) apply any balance (whether or not then due) which at any time stands to the credit of any account in the name of any a Borrower at any office in any country of that Creditor Party in or towards satisfaction of any sum then due from the Borrowers that Borrower to that Creditor Party under any of the Finance Documents; and (b) for that purpose: (i) break, or alter the maturity of, all or any part of a deposit of any that Borrower; (ii) convert or translate all or any part of a deposit or other credit balance into Dollars; and (iii) enter into any other transaction or make any entry with regard to the credit balance which the Creditor Party concerned considers appropriate.

Application of credit balances. Each Creditor Party may, following the occurrence of an Event of Default which is continuing, without and with prior notice: (a) apply any balance (whether or not then due) which at any time stands to the credit of any account in the name of any the Borrower at any office in any country of that Creditor Party in or towards satisfaction of any sum then due from the Borrowers Borrower to that Creditor Party under any of the Finance Documents; and (b) for that purpose: (i) break, or alter the maturity of, all or any part of a deposit of any the Borrower; (ii) convert or translate all or any part of a deposit or other credit balance into Dollars; and; (iii) enter into any other transaction or make any entry with regard to the credit balance which the Creditor Party concerned considers appropriate.

Application of credit balances. Each Creditor Party may, following Following the occurrence of and during the continuation of an Event of Default which is continuingDefault, each Creditor Party may without prior notice: (a) apply any balance (whether or not then due) which at any time stands to the credit of any account in the name of any Borrower the Guarantor at any office in any country of that Creditor Party in or towards satisfaction of any sum then due from the Borrowers Guarantor to that each Creditor Party under any of the Finance Documentsthis Guarantee; and (b) for that purpose: (i) break, or alter the maturity of, all or any part of a deposit of any Borrowerthe Guarantor; (ii) convert or translate all or any part of a deposit or other credit balance into Dollars; and; (iii) enter into any other transaction or make any entry with regard to the credit balance which the Creditor Party concerned considers appropriate.

Application of credit balances. Each Creditor Party The Lender may, following the occurrence of an Event of Default which is continuing, without prior notice: (a) apply any balance (whether or not then due) which at any time stands to the credit of any account in the name of any Borrower the Guarantor at any office in any country of that Creditor Party the Lender in or towards satisfaction of any sum then due from the Borrowers Guarantor to that Creditor Party the Lender under this Guarantee or any of the other Finance DocumentsDocument; and (b) for that purpose: : (i) break, or alter the maturity of, all or any part of a deposit of any Borrower; the Guarantor; (ii) convert or translate all or any part of a deposit or other credit balance into Dollars; and and (iii) enter into any other transaction or make any entry with regard to the credit balance which the Creditor Party Lender concerned considers appropriate.

Application of credit balances. Each Creditor Party may, may without prior notice following the occurrence of an Event of Default which is continuing, without prior notice: (a) apply any balance (whether or not then due) which at any time stands to the credit of any account in the name of any Borrower the Guarantor at any office in any country of that Creditor Party in or towards satisfaction of any sum then due from the Borrowers Guarantor to that Creditor Party under any of the Finance Documentsthis Guarantee; and (b) for that purpose: (i) break, or alter the maturity of, all or any part of a deposit of any Borrowerthe Guarantor; (ii) convert or translate all or any part of a deposit or other credit balance into Dollars; and; (iii) enter into any other transaction or make any entry with regard to the credit balance which the Creditor Party concerned considers appropriate.

Application of credit balances. Each Creditor Party may, following the occurrence of may at any time whilst an Event of Default which is continuing, continuing and without prior notice: (a) apply any balance (whether or not then due) which at any time stands to the credit of any account in the name of any Borrower the Guarantor at any office in any country of that Creditor Party in or towards satisfaction of any sum then due from the Borrowers Guarantor to that Creditor Party under any of the Finance Documentsthis Guarantee; and (b) for that purpose: (i) break, or alter the maturity of, all or any part of a deposit of any Borrowerthe Guarantor; (ii) convert or translate all or any part of a deposit or other credit balance into Dollars; and; (iii) enter into any other transaction or make any entry with regard to the credit balance which the Creditor Party concerned considers appropriate.

Application of credit balances. Each Creditor Party may, may following the occurrence of an Event of Default which and whilst the same is continuing, continuing unremedied or unwaived without prior notice: (a) apply any balance (whether or not then due) which at any time stands to the credit of any account in the name of any Borrower of the Borrowers at any office in any country of that Creditor Party in or towards satisfaction of any sum then due from any of the Borrowers to that Creditor Party under any of the Finance Documents; and (b) for that purpose: (i) break, or alter the maturity of, all or any part of a deposit of any Borrowerof the Borrowers; (ii) convert or translate all or any part of a deposit or other credit balance into Dollars; and; (iii) enter into any other transaction or make any entry with regard to the credit balance which the Creditor Party concerned considers appropriate.

Application of credit balances. Each Creditor Party may, following the occurrence of an Event of Default which is continuing, without prior notice: (a) apply any balance (whether or not then due) which at any time stands to the credit of any account in the name of any Borrower the Guarantor at any office in any country of that Creditor Party in or towards satisfaction of any sum then due from the Borrowers Guarantor to that Creditor Party under this Guarantee or any of the other Finance DocumentsDocument; and (b) for that purpose: (i) break, or alter the maturity of, all or any part of a deposit of any Borrowerthe Guarantor; (ii) convert or translate all or any part of a deposit or other credit balance into Dollars; and (iii) enter into any other transaction or make any entry with regard to the credit balance which the Creditor Party concerned considers appropriate.

Application of credit balances. Each Creditor Party may, following Following the occurrence of and during the continuation of an Event of Default which is continuingDefault, the Lender may without prior notice: (a) apply any balance (whether or not then due) which at any time stands to the credit of any account in the name of any Borrower the Guarantor at any office in any country of that Creditor Party the Lender in or towards satisfaction of any sum then due from the Borrowers Guarantor to that Creditor Party the Lender under any of the Finance Documentsthis Guarantee; and (b) for that purpose: (i) break, or alter the maturity of, all or any part of a deposit of any Borrowerthe Guarantor; (ii) convert or translate all or any part of a deposit or other credit balance into Dollars; and; (iii) enter into any other transaction or make any entry with regard to the credit balance which the Creditor Party concerned Lender considers appropriate.

Application of credit balances. Each Creditor Party may, following the occurrence of an Event of Default which is continuing, without and with prior notice: (a) apply any balance (whether or not then due) which at any time stands to the credit of any account in the name of any the Borrower at any office in any country of that Creditor Party in or towards satisfaction of any sum then due from the Borrowers Borrower to that Creditor Party under any of the Finance Documents; and (b) for that purpose:: 62 (i) break, or alter the maturity of, all or any part of a deposit of any the Borrower; (ii) convert or translate all or any part of a deposit or other credit balance into Dollars; and; (iii) enter into any other transaction or make any entry with regard to the credit balance which the Creditor Party concerned considers appropriate.

Application of credit balances. Each Creditor Party may, following after the occurrence of an Event of Default which is continuing, without prior notice: (a) apply any balance (whether or not then due) which at any time stands to the credit of any account in the name of any Borrower either Obligor at any office in any country of that Creditor Party in or towards satisfaction of any sum then due from the Borrowers Obligors to that Creditor Party under any of the Finance Documents; and (b) for that purpose: (i) break, or alter the maturity of, all or any part of a deposit of any Borrowereach Obligor; (ii) convert or translate all or any part of a deposit or other credit balance into Dollars; and (iii) enter into any other transaction or make any entry with regard to the credit balance which the Creditor Party concerned reasonably considers appropriate.