Common use of Moneys Received Clause in Contracts

Moneys Received. In applying any moneys towards satisfaction of the Secured Moneys, the Trustee will be credited only with so much of the moneys available for that purpose as the Security Trustee or the Receiver has actually received and is not required for whatever reason to be disgorged, such credit to date from the time of such receipt.

Appears in 2 contracts

Sources: Security Trust Deed (Securitisation Advisory Services Pty LTD), Security Trust Deed (Securitisation Advisory Services Pty LTD)

Moneys Received. In applying any moneys towards satisfaction of the Secured Moneys, Moneys the Issuing Trustee will shall be credited only with so much of the said moneys available for that purpose as shall be actually received by the relevant Secured Creditor, Security Trustee or the Receiver has actually received and is not required for whatever reason to be disgorged, such credit to date from the time of such receipt.

Appears in 1 contract

Sources: Security Trust Deed (Me Portfolio Management LTD)