NEW ACCOUNT. It shall be lawful for UTB at any time, including at any time after notice to determine this guarantee and indemnity has been given or after payment of the Guaranteed Obligations has been demanded of the Guarantor, to continue any existing or to open any new account or accounts with the Customer and no money subsequently paid into such account or accounts with the Customer shall be appropriated in discharge of the Guaranteed Obligations unless it has been expressly directed by the person paying the same at the time of such payment to be so appropriated.
Appears in 5 contracts
Sources: Corporate Guarantee, Personal Guarantee, Corporate Guarantee