Moneys and papers Sample Clauses
The "Moneys and papers" clause establishes the procedures and responsibilities regarding the handling, custody, and return of funds and documents related to a contract. Typically, this clause requires the contractor or party in possession of government or client property, such as cash, checks, records, or other important papers, to safeguard these items and return them upon request or at the end of the contract. By clearly outlining these obligations, the clause helps prevent loss, misuse, or misappropriation of valuable assets and ensures accountability throughout the contractual relationship.
Moneys and papers forthwith (upon payment to it of any amount due to it in accordance with Clause 11 (Fees and Expenses) or sub-clause 12.3.1 (Indemnity - Indemnity in favour of the Agents)) transfer all moneys and papers (including any unissued Notes held by it hereunder and any documents held by it pursuant to Clause 8.8 (Documents available for inspection and/or collection)) to its successor and, upon appropriate notice, provide reasonable assistance to its successor for the discharge of its duties and responsibilities hereunder.
Moneys and papers as soon as reasonably practicable upon payment to it of any amount due to it in accordance with Clause 9 (Fees and Expenses), transfer all moneys and papers (including any unissued Notes held by it hereunder and any documents held by it pursuant to Clause 8.8 (Documents available for inspection) to its successor and, upon appropriate notice, provide reasonable assistance to its successor for the discharge of its duties and responsibilities hereunder.
Moneys and papers forthwith (upon payment to it of any amount due to it in accordance with Clause 11 (Fees and Expenses) or sub-clause 12.3.1 (Indemnity -