Common use of Moneys held by Issuing and Principal Paying Agent Clause in Contracts

Moneys held by Issuing and Principal Paying Agent. The Issuing and Principal Paying Agent may deal with moneys paid to it under this Agreement in the same manner as other moneys paid to it as a banker by its customers except that (1) it may not exercise any lien, right of set-off or similar claim in respect of them and

Appears in 8 contracts

Samples: Agency Agreement, Agency Agreement, Agency Agreement

AutoNDA by SimpleDocs

Moneys held by Issuing and Principal Paying Agent. The Issuing and Principal Paying Agent may deal with moneys paid to it under this Agreement in the same manner as other moneys paid to it as a banker by its customers except that (1) it may not exercise any lien, right of set-off or similar claim in respect of them andand (2) it shall not be liable to anyone for interest on any sums held by it under this Agreement and (3) moneys held by it need not be segregated except as required by law.

Appears in 3 contracts

Samples: Agency Agreement, Agency Agreement, www.autostrade.it

AutoNDA by SimpleDocs

Moneys held by Issuing and Principal Paying Agent. The Issuing and Principal Paying Agent may deal with moneys paid to it under this Agreement in the same manner as other moneys paid to it as a banker by its customers except that (1) it may not exercise any lien, right of set-off or similar claim in respect of them andthat:

Appears in 1 contract

Samples: Agency Agreement

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