Suspense account. All moneys received by the Lender in respect of the Secured Money from a Guarantor may be placed in a separate account which will not reduce the amount of the Loan so that the Lender can maximise its claim in the event of the insolvency of an Obligor.
Appears in 10 contracts
Samples: Loan Agreement, Loan Agreement, Loan Agreement
Suspense account. All moneys received by the Lender in respect of the Secured Money money from a Guarantor may be placed in a separate account which will not reduce the amount of the Loan so that the Lender can maximise its claim in the event of the insolvency of an Obligor.
Appears in 5 contracts
Samples: Personal Loan Agreement, Loan Agreement, Loan Agreement
Suspense account. All moneys received by the Lender in respect of the Secured Money money from a Guarantor may be placed in a separate account which will not reduce the amount of the Loan so that the Lender can maximise its claim in the event of the insolvency of an ObligoranObligor.
Appears in 3 contracts
Samples: Personal Loan Agreement, Personal Loan Agreement, Personal Loan Agreement
