Polish translation: składające się na saldo dodatnie/dostępne na
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English to Polish translations [PRO] Bus/Financial - Law: Contract(s)
English term or phrase:standing to the credit
(a) The Guarantor authorizes the Lender (upon prior written notice to the Guarantor) to apply any credit balance to which the Guarantor is entitled on any account of the Guarantor with the Lender in satisfaction of any sum due and payable from the Guarantor to the Lender hereunder but unpaid; for this purpose, the Lender is authorized to purchase with the moneys *******standing to the credit of any such account such other currencies as may be necessary to effect such application.
(b) The Lender shall not be obliged to exercise any right given to it by Clause 13(a).