The Contributions. 2.1 East Suffolk Council and Suffolk County Council6 shall each establish an interest-bearing account or accounts where those Contributions and/or other sums of money that are payable to them pursuant to this Deed shall be held and shall promptly, and in any event within [●] Working Days of the establishment of such account or accounts, notify the account details to SZC Co. 2.2 The Councils each covenant with SZC Co that they shall, on receipt of the Contributions or other amounts from SZC Co payable to them pursuant to this Deed, place the received sums of money in such notified account or accounts. 2.3 Interest accruing to the account or accounts in which the Contributions payable to the Councils pursuant to this Deed are held shall be retained in that account or accounts and shall only be applied in accordance with the provisions of this Deed for the same purposes as for the Contributions to which the interest relates.
Appears in 3 contracts
Samples: Section 106 Agreement, Section 106 Agreement, Section 106 Agreement
