Common use of Interest on Monies Held Clause in Contracts

Interest on Monies Held. 9.1. Any interest that accrues on any sum of money held by us in the name of the Dominion Group (including general client accounts) will be retained by us. 9.2. Any interest that accrues on any sum of money held within bank accounts in your name (specific client accounts) and maintained by us may be retained by you. 9.3. A client bank account is a bank account held by, and in the name of, Dominion Marine Corporate Services Limited in which we will hold your money on trust for you while it remains in the account. All money held in a client bank account is referred to as client money. 9.4. A client bank account is specially created by us for the purpose of holding your money and the money of other clients. The client bank account is segregated from any other bank account in our name holding money which is our money.

Appears in 4 contracts

Samples: Terms of Business, Terms of Business, Terms of Business

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Interest on Monies Held. 9.1. Any interest that accrues on any sum of money held by us in the name of the Dominion ICM Group (including general client accounts) will be retained by us. 9.2. Any interest that accrues on any sum of money held within bank accounts in your name (specific client accounts) and maintained by us may be retained by you. 9.3. A client bank account is a bank account held by, and in the name of, Dominion Marine Corporate Services Inter-Continental Management Limited in which we will hold your money on trust for you while it remains in the account. All money held in a client bank account is referred to as client money. 9.4. A client bank account is specially created by us for the purpose of holding your money and the money of other clients. The client bank account is segregated from any other bank account in our name holding money which is our money.

Appears in 2 contracts

Samples: Terms of Business, Terms of Business

Interest on Monies Held. 9.1. Any interest that accrues on any sum of money held by us in the name of the Dominion Group Marine (including general client accounts) will be retained by us. 9.2. Any interest that accrues on any sum of money held within bank accounts in your name (specific client accounts) and maintained by us may be retained by you. 9.3. A client bank account is a bank account held by, and in the name of, of Dominion Marine Corporate Services (Malta) Limited in which we will hold your money on trust for you while it remains in the account. All money held in a client bank account is referred to as client money. 9.4. A client bank account is specially created by us for the purpose of holding your money and the money of other clients. The client bank account is segregated from any other bank account in our name holding money which is our money.

Appears in 2 contracts

Samples: Terms of Business, Terms of Business

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Interest on Monies Held. 9.1. Any interest that accrues on any sum of money held by us in the name of the Dominion Group Marine Sarl (including general client accounts) will be retained by us. 9.2. Any interest that accrues on any sum of money held within bank accounts in your name (specific client accounts) and maintained by us may be retained by you. 9.3. A client bank account is a bank account held by, and in the name of, Dominion Marine Corporate Services Limited Sarl in which we will hold your money on trust for you while it remains in the account. All money held in a client bank account is referred to as client money. 9.4. A client bank account is specially created by us for the purpose of holding your money and the money of other clients. The client bank account is segregated from any other bank account in our name holding money which is our money.

Appears in 1 contract

Samples: Terms of Business

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