Common use of Money Held by Global Agent Clause in Contracts

Money Held by Global Agent. Money paid by the Issuer to the Global Agent for payment of amounts owing in respect of the Notes may be held by the Global Agent in the same manner as other funds it holds for customers except that the Global Agent shall not (i) exercise any lien, right of set-off or similar claim in respect of them or (ii) be liable to anyone for interest on any sums held by it under this Agreement.

Appears in 29 contracts

Samples: Global Agency Agreement, Global Agency Agreement, Global Agency Agreement

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.