Common use of Surplus Monies Clause in Contracts

Surplus Monies. If at any time after satisfaction of the Secured -------------- Indebtedness the Security Agent holds any surplus monies payable to the Chargor, those monies shall not carry interest and may be placed to the credit of an account in the name of the Chargor with a bank and the Security Agent shall thereupon be under no further liability in respect thereof.

Surplus Monies. If at any time after satisfaction of the Secured -------------- Indebtedness the Security Agent holds any surplus monies payable to the Chargoran Obligor, those monies shall not carry interest and may be placed to the credit of an account in the name of the Chargor such Obligor with a bank and the Security Agent shall thereupon be under no further liability in respect thereof.

Surplus Monies. If at any time after satisfaction of the Secured -------------- Indebtedness the Security Agent holds any surplus monies money payable to the ChargorCompany, those monies shall not carry interest and may be placed to the credit of an account in the name of the Chargor Company with a bank and the Security Agent shall thereupon be under no further liability in respect thereof.