Common use of Money held as banker Clause in Contracts

Money held as banker. The Facility Agent shall be entitled to deal with money paid to it by any person for the purposes of this Agreement in the same manner as other money paid to a banker by its customers except that it shall not be liable to account to any person for any interest or other amounts in respect of the money.

Appears in 3 contracts

Samples: Amendment and Restatement Agreement (Atlas Investissement), Facility Agreement (Atlas Investissement), Facility Agreement (Micron Technology Inc)

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Money held as banker. The Facility Agent shall be entitled to deal with money paid to it by any person for the purposes of this Agreement in the same manner as other money paid to a banker by its customers except that it shall not be liable to account to any person for any interest or other amounts in respect of the money.

Appears in 2 contracts

Samples: Revolving Credit Facility (British American Tobacco p.l.c.), Term Loan and Multicurrency Revolving Facilities Agreement (AVG Technologies N.V.)

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Money held as banker. The Facility Agent shall be entitled to deal with money paid to it by any person for the purposes of this Agreement agreement in the same manner as other money paid to a banker by its customers except that it shall not be liable to account to any person for any interest or other amounts in respect of the money.

Appears in 1 contract

Samples: Multicurrency Revolving Facility Agreement (Endava PLC)

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