Common use of Contingent Amounts Clause in Contracts

Contingent Amounts. If at any time an amount Is contingently due from the Borrower or an amount due is not quantified, Westpac NZ may retain end withhold repayment of any money in any account of the Borrower and the payment of interest of other moneys pending that amount becoming due and/or being quantified and may set off the maximum liability which may at any time be or become owing to Westpac NZ by the Borrower and in each case without prior notice of demand.

Appears in 2 contracts

Sources: Wholesale Term Loan Facility, Property Finance Wholesale Term Loan Facility (Reading International Inc)

Contingent Amounts. If at any time an amount Is is contingently due from the Borrower or an amount due is not quantified, Westpac NZ may retain end and withhold repayment of any money in any account of the Borrower and the payment of interest of or other moneys pending that amount becoming due and/or being quantified and may set off the maximum liability which may at any time be or become owing to Westpac NZ by the Borrower and in each case without prior notice of or demand.. 

Appears in 1 contract

Sources: Loan Agreement (Reading International Inc)

Contingent Amounts. If at any time an amount Is is contingently due from the Borrower or an amount due is not quantified, Westpac NZ may retain end and withhold repayment of any money in any account of the Borrower and the payment of interest of or other moneys pending that amount becoming due and/or being quantified and may set off the maximum liability which may at any time be or become owing to Westpac NZ by the Borrower and in each case without prior notice of or demand.

Appears in 1 contract

Sources: Multi Option Credit Facility (ArborGen Inc.)