Secured Moneys definition

Secured Moneys means, without double counting, the aggregate of all moneys owing to the Security Trustee or to a Secured Creditor under any of the Transaction Documents provided that:

Secured Moneys means (a) all moneys in any currency owing by the Customer to the Bank at any time, actually or contingently, in respect of the Secured Overdraft Facility, (b) interest on such moneys (both before and after any demand or judgment), to the date on which the Bank receives payment, at the rates payable by the Customer or which would have been payable but for any circumstance which restricts payment, (c) any expense of reasonable amount and reasonably incurred by the Bank in making payment in respect of any securities comprising the Secured Assets on behalf of the Customer (but without the Bank being under any obligation to do so) as a result of failure by the Customer to make such payment when due and (d) all expenses of reasonable amount and reasonably incurred by the Bank in recovering any amount owing by the Customer and/or enforcing the security provided to it on a full indemnity basis;

Secured Moneys means, without double counting, the aggregate of all moneys owing to the Security Trustee or to a Secured Creditor under any of the Transaction Documents, whether such amounts are liquidated or not or are contingent or presently accrued due, and includes all rights sounding in damages only provided that:

Examples of Secured Moneys in a sentence

• This Guarantee is a continuing security and is not wholly or partially discharged by the payment at any time of any Secured Moneys, settlement of account or other fact and applies to the balance of the Secured Moneys at any time until a final termination of this Guarantee by Western Power.

• The Guarantor must as a separate and additional liability of the Guarantor as a principal debtor, and not as a surety, indemnify Western Power against, and pay to Western Power upon demand by Western Power an amount equal to, all Secured Moneys that are or may become invalid, unenforceable, illegal or irrecoverable for any reason or under any circumstances as a liability to Western Power by the Guarantor as a surety, despite any other provision of this Guarantee.

• The Guarantor is not entitled to terminate or limit this Guarantee, or any liability of the Guarantor under this Guarantee, until the Secured Moneys have been paid in full.

• The Guarantor* must as a separate and additional liability of the Guarantor* as a principal debtor, and not as a surety, indemnify Western Power* against, and pay to Western Power* upon demand by Western Power* an amount equal to, all Secured Moneys* that are or may become invalid, unenforceable, illegal or irrecoverable for any reason or under any circumstances as a liability to Western Power* by the Guarantor* as a surety, despite any other provision of this Guarantee.

• The Guarantor* is not entitled to terminate or limit this Guarantee, or any liability of the Guarantor* under this Guarantee, until the Secured Moneys* have been paid in full.

More Definitions of Secured Moneys

Secured Moneys has the meaning given in the Security Trust Deed.

Secured Moneys means, without double counting, the aggregate of all moneys owing to the Security Trustee or to a Secured Creditor under any of the Transaction Documents provided that the Secured Moneys do not include any fees or value added tax payable to the Note Trustee referred to in clause 12.7 of the Note Trust Deed or to an Agent referred to in 12.6 of the Agency Agreement.

Secured Moneys means, in respect of an Instalment Receipt:

Secured Moneys means all debts and monetary liabilities Customer owes to Supplier on any account or in relation to any agreement between Supplier and Customer for the sale of Product and in any capacity and irrespective of whether the debts or liabilities:

Secured Moneys means all monies, obligations and liabilities now or at any time hereafter due, owing or incurred to the Bank by the Customer, whether on any banking or other account or otherwise in whatever manner and whether actual or contingent and in whatever currency and whether solely or jointly in whatever name, style or form and whether as principal debtor or surety, and whether principal, interests, charges, fees, costs, expenses, commissions, all other moneys or otherwise, including but not limited to the Outstanding Indebtedness, or other debts incurred to any other person the benefit of which is subsequently assigned or otherwise transferred to the Bank, and all interests, charges, commissions, costs, expenses, legal costs and other fees, on a full indemnity basis.

Secured Moneys has the meaning given to that term in the Security Trust Deed.

Secured Moneys means (i) all moneys in any currency owing by the Depositor to the Bank at any time, actually or contingently in respect of the Banking Facilities, in any capacity, alone or jointly with any other person, or by any other person to whom Banking Facilities have been made available by the Bank at the request of the Depositor (ii) interest on such moneys (both before and after any demand or judgment), to the date on which the Bank receives payment, at the rates payable by the Depositor or which would have been payable but for any circumstance which restricts payment, (iii) all other liabilities of the Depositor to the Bank and (iv) all expenses of the Bank in claiming such moneys and interest or in perfecting or enforcing this Security.