Common use of Income Collected and Expenses Clause in Contracts

Income Collected and Expenses. PAID ON BEHALF OF OWNERS 7.1 All moneys collected by the Managers under the terms of this Agreement (other than moneys payable by the Owners to the Managers) and any interest thereon shall be held to the credit of the Owners in a separate bank account. 7.2 All expenses incurred by the Managers under the terms of this Agreement on behalf of the Owners (including expenses as provided in Clause 8) may be debited against the Owners in the account referred to under sub-clause 7.1 but shall in any event remain payable by the Owners to the Managers on demand.

Income Collected and Expenses. PAID ON BEHALF OF OWNERSPaid on Behalf of Owners 7.1 All moneys collected by the Managers under the terms of this Agreement (other than moneys payable by the Owners to the Managers) and any interest thereon shall be held to the credit of the Owners in a separate bank account. 7.2 All expenses incurred by the Managers under the terms of this Agreement on behalf of the Owners (including expenses as provided in Clause 8) may be debited against the Owners in the account referred to under sub-clause 7.1 but shall in any event remain payable by the Owners to the Managers on demand.

Income Collected and Expenses. PAID ON BEHALF OF OWNERSpaid on Behalf of Owners 7.1 All moneys collected by the Managers under the terms of this the Agreement (other than moneys payable by the Owners to the Managers) and any interest thereon shall be held to the credit of the Owners in a separate bank account. 7.2 All expenses incurred by the Managers under the terms of this Agreement on behalf of the Owners (including expenses as provided in Clause 8) may be debited against the Owners in the account referred to under sub-clause 7.1 7.1, but shall in any event remain payable by the Owners to the Managers on demand.

Income Collected and Expenses. PAID ON BEHALF OF OWNERS 7.1 14.1. All moneys collected by the Managers under the terms of this Agreement (other than moneys payable by the Owners to the Managers) and any interest thereon shall be held to the credit of the Owners in a separate bank account. 7.2 14.2. All expenses incurred by the Managers under the terms of this Agreement on behalf of the Owners (including expenses as provided in Clause 8) 15) may be debited against the Owners in the account referred to under sub-clause 7.1 Clause 14.1. but shall in any event remain payable by the Owners to the Managers on demand.

Income Collected and Expenses. PAID ON BEHALF OF OWNERSPaid on Behalf of Owners 7.1 All moneys all moneys, if any, collected by the Managers under the terms of this Agreement (other than moneys payable by the Owners to the Managers) and any interest thereon shall be held to the credit of the Owners in a separate bank account. 7.2 All expenses expenses, if any, incurred by the Managers under the terms of this Agreement on behalf of the Owners (including expenses as provided in Clause 8) may be debited against the Owners in the account referred to under sub-clause 7.1 but shall in any event remain payable by the Owners to the Managers on demand.