Common use of SHORTAGE OF FUNDS Clause in Contracts

SHORTAGE OF FUNDS. In the event a shortage is revealed or discovered in Agent's accounts of funds entrusted to Agent by others or in the remittances due Principal hereunder, then Principal may declare immediately due and payable any debts owed by Agent, including any funds for which Principal may be responsible or have a liability therefor. On demand by Principal, Agent shall immediately make good the shortage.

Appears in 9 contracts

Samples: Issuing Agency Contract (Fidelity National Title Group, Inc.), Issuing Agency Contract (Fidelity National Title Group, Inc.), Issuing Agency Contract (Fidelity National Information Services, Inc.)

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SHORTAGE OF FUNDS. In the event a shortage is revealed or discovered in Agent's ’s accounts of funds entrusted to Agent by others or in the remittances due Principal hereunder, then Principal may declare immediately due and payable any debts owed by Agent, including any funds for which Principal may be responsible or have a liability therefor. On demand by Principal, Agent shall immediately make good the shortage.

Appears in 1 contract

Samples: Issuing Agency Contract (Lender Processing Services, Inc.)

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SHORTAGE OF FUNDS. In the event a shortage is revealed or discovered in Agent's ’s accounts of funds finds entrusted to Agent by others or in the remittances due Principal hereunder, then Principal may declare immediately due and payable any debts owed by Agent, including any funds for which Principal may be responsible or have a liability therefor. On demand by Principal, Agent shall immediately make good the shortage.

Appears in 1 contract

Samples: Issuing Agency Contract (Lender Processing Services, Inc.)

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