Common use of Money Held in Custody Clause in Contracts

Money Held in Custody. Money held by the Agent in custody under this Agreement need not be segregated from the other funds except to the extent required by law or provided in this Agreement. The Agent shall be under no obligation to invest or pay interest on any money received by it under this Agreement except as otherwise agreed in writing with the Company.

Appears in 4 contracts

Samples: Purchase Contract Agreement (New Nisource Inc), Purchase Contract Agreement (New Nisource Inc), Purchase Contract Agreement (Nisource Inc)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.