Common use of Payment on Account Clause in Contracts

Payment on Account. In respect of any section where amounts recoverable from the Company are delayed pending finalisation of any claim, compensation on account may be made to the Participant, if required, at the discretion of the Company.

Appears in 2 contracts

Samples: Machinery Breakdown Takaful Participation Agreement, Participation Agreement

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Payment on Account. In respect of any section where Where amounts recoverable from the Company are delayed pending finalisation of any claim, compensation payments on account may be made to the Participantyou, if required, at the discretion of the Company.

Appears in 2 contracts

Samples: Takaful Agreement, Takaful Agreement

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