Common use of Suspense Account The Security Agent Clause in Contracts

Suspense Account The Security Agent. may place and keep any monies ---------------- received by virtue of this Deed (whether before or after the insolvency or liquidation of the Chargor) to the credit of a suspense account for so long as the Security Agent may think fit in order to preserve the rights of the Security Agent or any other Finance Party to xxx or prove for the whole amount of its claims against the Chargor or any other person.

Appears in 2 contracts

Samples: Facility Agreement (Hawker Pacific Aerospace), Security Agreement (Hawker Pacific Aerospace)

AutoNDA by SimpleDocs

Suspense Account The Security Agent. may place and keep any monies received ---------------- received by virtue of this Deed (whether before or after the insolvency or liquidation of the ChargorCompany) to the credit of a suspense account for so long as the Security Agent may think fit in order to preserve the rights of the Security Agent or any other Finance Party to xxx or prove for the whole amount of its claims against the Chargor Company or any other person.

Appears in 1 contract

Samples: Security Agreement (Hawker Pacific Aerospace)

Suspense Account The Security Agent. may place and keep any monies received ---------------- received by virtue of this Deed (whether before or after the insolvency or liquidation of the Chargorany Obligor) to the credit of a suspense account for so long as the Security Agent may think fit in order to preserve the rights of the Security Agent or any other Finance Party to xxx or prove for the whole amount of its claims against the Chargor an Obligor or any other person.

Appears in 1 contract

Samples: Facility Agreement (Hawker Pacific Aerospace)

AutoNDA by SimpleDocs

Suspense Account The Security Agent. may place and keep any monies ---------------- received by virtue of this Deed (whether before or after the insolvency or liquidation of the Chargorany Obligor) to the credit of a suspense account for so long as the Security Agent may think fit in order to preserve the rights of the Security Agent or any other Finance Party to xxx or prove for the whole amount of its claims against the Chargor an Obligor or any other person.

Appears in 1 contract

Samples: Security Agreement (Hawker Pacific Aerospace)

Time is Money Join Law Insider Premium to draft better contracts faster.