Moneys Owed definition
Examples of Moneys Owed in a sentence
Any fee so charged shall be deemed to form part of the Moneys Owed.
If the Borrower does not comply with the terms of a Loan Agreement or any Security Document relating to payments due under a Loan Agreement or any Security Document then, at the Lender’s discretion, the Borrower will pay interest at the Default Interest Rate on the Moneys Owed.
In support of its guarantee obligations under this Agreement the Guarantor agrees that the Loan has been made available by the Lender is in part at the request of the Guarantor and agrees to grant to the Lender the Security Documents (if any) as security for the payment of the Moneys Owed and the due observance and performance by the Borrower of all of its obligations under this Agreement.
The Borrower shall repay in full to the Lender on the Expiry Date the Moneys Owed then outstanding.
The agreements, undertakings, representations and indemnities of the Borrower in the Related Documents or any of them will survive the termination or expiry of this Agreement, the release of discharge by the Lender of the Security Documents and the repayment of the Moneys Owed.
The Obligor acknowledges and agrees the Moneys Owed shall become immediately due and payable should any GST be claimed in respect of the Property.
The Obligor further acknowledges that in the event of the Moneys Owed falling due pursuant to this clause interest shall be payable at the Default Interest Rate plus five percent (5%) per annum from the date of any GST claimed.
Whenever any default has been made by the Borrower in the payment to the Lender of all or part of the Moneys Owed it will forthwith, whether or not demanded, pay such sum to the Lender.
All costs and disbursements incurred by the Lender, either directly or indirectly, in obtaining any valuations required by the Lender under the terms of this Agreement shall be paid by the Borrower promptly on request by the Lender and until payment shall form part of the Moneys Owed.
The guarantee in this clause 20 is a continuing guarantee and shall remain in full force and effect until the Moneys Owed have been paid in full.