Common use of Amounts contingently due Clause in Contracts

Amounts contingently due. (a) If at the time of a distribution of any money under clause 8.1 any part of the Secured Moneys is contingently owing to the Secured Party, the Secured Party, Receiver or Attorney may retain an amount equal to the amount contingently owing or any part of it. (b) If the Secured Party, Receiver or Attorney retains any amount under clause 8.3(a), it must place that amount on short- term interest bearing deposit until the amount contingently owing becomes actually due and payable or otherwise ceases to be contingently owing at which time the Secured Party, Receiver or Attorney must: (1) pay to the Secured Party the amount which has become actually due to it; and (2) apply the balance of the amount retained, together with any interest on the amount contingently owing, in accordance with clause 8.1.

Amounts contingently due. (a) If at the time of a distribution of any money under clause Clause 8.1 any part of the Secured Moneys is contingently owing to the Secured Party, the Secured Party, Receiver or Attorney may retain an amount equal to the amount contingently owing or any part of it. (b) If the Secured Party, Receiver or Attorney retains any amount under clause Clause 8.3(a), ) it must place that amount on short- short-term interest bearing deposit until the amount contingently owing becomes actually due and payable or otherwise ceases to be contingently owing at which time the Secured Party, Receiver or Attorney mustAttorney: (1i) pay to may open a new account in the Secured Party name of the amount which has become actually due to itGrantor in its books; andor (2ii) must apply the balance of the amount retained, together with any interest on the amount contingently owing, in accordance with clause Clause 8.1.

Amounts contingently due. (a) If at the time of a distribution of any money under clause 8.1 7.1 any part of the Secured Moneys is contingently owing to the Secured Party, the Secured Party, Receiver or Attorney may retain an amount equal to the amount contingently owing or any part of it. (b) If the Secured Party, Receiver or Attorney retains any amount under clause 8.3(a), 7.3(a) it must place that amount on short- short-term interest bearing deposit until the amount contingently owing becomes actually due and payable or otherwise ceases to be contingently owing at which time the Secured Party, Receiver or Attorney must: (1) pay to the Secured Party the amount which has become actually due to it; and (2) apply the balance of the amount retained, together with any interest on the amount contingently owing, in accordance with clause 8.17.1.

Amounts contingently due. (a) If If, at the time of a distribution of any money under clause 8.1 14.1, any part of the Secured Moneys Money is contingently owing to the Secured Partyowing, the Secured Party, Receiver or Attorney Enforcing Party may retain an amount equal to the amount contingently owing or any part of it. (b) If the Secured Party, Receiver or Attorney an Enforcing Party retains any amount under clause 8.3(a14.2(a), it must place that amount on short- short-term interest bearing deposit until the amount contingently owing becomes actually due and payable or otherwise ceases to be contingently owing at which time the Secured Party, Receiver or Attorney Enforcing Party must: (1i) pay to the Secured Party the amount which has become actually due to it; and (2ii) apply the balance of the amount retained, together with any interest on the amount contingently owing, in accordance with clause 8.114.1.

Amounts contingently due. (a) If If, at the time of a distribution of any money under clause 8.1 13.1, any part of the Secured Moneys is contingently owing to the Secured Partyowing, the Secured Party, Receiver or Attorney Enforcing Party may retain an amount equal to the amount contingently owing or any part of it. (b) If the Secured Party, Receiver or Attorney an Enforcing Party retains any amount under clause 8.3(a13.2(a), it must place that amount on short- short-term interest bearing deposit until the amount contingently owing becomes actually due and payable or otherwise ceases to be contingently owing at which time the Secured Party, Receiver or Attorney Enforcing Party must: (1i) pay to the Secured Party the amount which has become actually due to it; and (2ii) apply the balance of the amount retained, together with any interest on the amount contingently owing, in accordance with clause 8.113.1.