Common use of New Accounts Clause in Contracts

New Accounts. (a) If any subsequent charge or other interest affects any Security Asset, the Secured Party may open a new account with a Chargor. (b) If the Secured Party does not open a new account, it will nevertheless be treated as if it had done so at the time when it received or was deemed to have received notice of that charge or other interest. (c) As from that time all payments made to the Secured Party will be credited or be treated as having been credited to the new account and will not operate to reduce any Secured Liability.

New Accounts. (a) If any subsequent charge or other interest affects any Security Asset, the a Secured Party may open a new account with a the Chargor. (b) If the that Secured Party does not open a new account, it will nevertheless be treated as if it had done so at the time when it received or was deemed to have received notice of that charge or other interest. (c) As from that time all payments made to the that Secured Party will be credited or be treated as having been credited to the new account and will not operate to reduce any Secured LiabilityObligation.

New Accounts. (a) If any subsequent charge or other interest affects any Security Asset, the Secured Party may open a new account with in the name of a Chargor. (b) If the Secured Party does not open a new account, it will nevertheless be treated as if it had done so at the time when it received or was deemed to have received notice of that charge or other interest. (c) As from that time all payments made to the a Secured Party will be credited or be treated as having been credited to the new account and will not operate to reduce any Secured LiabilityLiabilities.

New Accounts. (a) If any subsequent charge or other interest affects any Security Asset, the a Secured Party may open a new account with a the Chargor. (b) If the that Secured Party does not open a new account, it will nevertheless be treated as if it had done so at the time when it received or was deemed to have received notice of that charge or other interest. (c) As from that time all payments made to the that Secured Party will be credited or be treated as having been credited to the new account and will not operate to reduce any Secured Liability.

New Accounts. (a) If any subsequent charge or other interest affects any Security Asset, the Secured Party may open a new account with a the Chargor. (b) If the Secured Party does not open a new account, it will nevertheless be treated as if it had done so at the time when it received or was deemed to have received notice of that charge or other interest. (c) As from that time all payments made to the Secured Party will be credited or be treated as having been credited to the new account and will not operate to reduce any Secured LiabilityObligation.

New Accounts. (a) If any subsequent charge or other interest affects any Security AssetAsset which is prohibited by the Loan Documents, the Secured Party may open a new account with a Chargor. (b) If the Secured Party does not open a new account, it will nevertheless be treated as if it had done so at the time when it received or was deemed to have received notice of that charge or other interest. (c) As from that time all payments made to the Secured Party will be credited or be treated as having been credited to the new account and will not operate to reduce any Secured Liability.

New Accounts. (a) If any subsequent charge or other interest affects any Security Asset, the any Secured Party may open a new account with a any Chargor. (b) If the a Secured Party does not open a new account, it will nevertheless be treated as if it had done so at the time when it received or was deemed to have received notice of that charge or other interest. (c) As from that time all payments made to the that Secured Party will be credited or be treated as having been credited to the new account and will not operate to reduce any Secured Liability.

New Accounts. (a) If any subsequent charge or other interest affects any Security Asset, the a Common Secured Party may open a new account with a the Chargor. (b) If the that Common Secured Party does not open a new account, it will nevertheless be treated as if it had done so at the time when it received or was deemed to have received notice of that charge or other interestaccount. (c) As from that time all payments made to the that Common Secured Party will be credited or be treated as having been credited to the new account and will not operate to reduce any Common Secured LiabilityObligation.

New Accounts. (a) If any subsequent charge or other interest affects any Security Asset, the a Secured Party may open a new account with a Chargorthe Mortgagor. (b) If the that Secured Party does not open a new account, it will nevertheless be treated as if it had done so at the time when it received or was deemed to have received notice of that charge or other interest. (c) As from that time all payments made to the that Secured Party will be credited or be treated as having been credited to the new account and will not operate to reduce any Secured Liability.

New Accounts. (a) If any subsequent charge or other interest affects any Security AssetAsset which is prohibited by the Loan Documents, the Secured Party may open a new account with a the Chargor. (b) If the Secured Party does not open a new account, it will nevertheless be treated as if it had done so at the time when it received or was deemed to have received notice of that charge or other interest. (c) As from that time all payments made to the Secured Party will be credited or be treated as having been credited to the new account and will not operate to reduce any Secured Liability.