Common use of Interest on Funds Clause in Contracts

Interest on Funds. Unless otherwise set forth in Schedule 1 hereto, the Settlement Manager shall not be accountable for and shall be entitled to retain interest on funds in its hands, and any such funds may be held by it unsegregated from its general funds.

Appears in 4 contracts

Samples: www.asifma.org, www.asifma.org, www.asifma.org

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!