Common use of Suspense Accounts Clause in Contracts

Suspense Accounts. All moneys received, recovered or realised by a Bank by virtue of Clause 31.1 (Guarantee and Indemnity) may, in that Bank’s discretion, be credited to an interest bearing suspense or impersonal account and may be held in such account for so long as such Bank thinks fit pending the application from time to time (as such Bank may think fit) of such moneys in or towards the payment and discharge of any amounts owing by the Borrower to such Bank under the Finance Documents.

Suspense Accounts. All moneys received, recovered or realised by a Bank by virtue of Clause 31.1 30.1 (Guarantee and Indemnity) may, in that Bank’s discretion, be credited to an interest bearing suspense or impersonal account and may be held in such account for so long as such Bank thinks fit pending the application from time to time (as such Bank may think fit) of such moneys in or towards the payment and discharge of any amounts owing by the Borrower Account Party to such Bank under the Finance Documents.

Suspense Accounts. All moneys received, recovered or realised by a Bank by virtue of Clause 31.1 16.1 (Guarantee and Indemnityby Principal Company) or Clause 16.2 (Indemnity by Principal Company) may, in that Bank’s 's discretion, be credited to an interest bearing a suspense or impersonal account and may be held in such account for so long as such Bank thinks fit pending the application from time to time (as such Bank may think fit) of such moneys in or towards the payment and discharge of any amounts owing by any of the Borrower Obligors to such Bank under the Finance Documentshereunder.

Suspense Accounts. All moneys received, recovered or realised by a Bank by virtue of Clause 31.1 25.1 (Obligor's Guarantee and Indemnity) may, in that Bank’s 's discretion, be credited to an interest bearing a suspense or impersonal account and may be held in such account for so long as such Bank thinks fit pending the application from time to time (as such Bank may think fit) of such moneys in or towards the payment and discharge of any amounts owing by the Borrower an Obligor to such Bank under the Finance Documents.