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 money payable to the Company, those monies shall not carry interest and may be placed to the credit of an account in the name of the Company 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 money monies payable to the Companyan Obligor, those monies shall not carry interest and may be placed to the credit of an account in the name of the Company such Obligor with a bank and the Security Agent shall thereupon be under no further liability in respect thereof.