Common use of Use of Moneys Clause in Contracts

Use of Moneys. The Principal Agent shall be entitled to deal with moneys paid to it by the Company for the purposes of this Agreement in the same manner as other moneys paid to a banker by its customers and shall not be liable to account to the Company for any interest thereon, save as otherwise agreed between the Company and the Principal Agent. No Agent shall exercise any right of set-off or lien or similar claim over moneys paid to it or by it under this Agreement. Unless required by law, moneys held by the Principal Agent need not be segregated.

Use of Moneys. The Principal Agent shall be entitled to deal with moneys paid to it by the Company Issuer for the purposes of this Agreement in the same manner as other moneys paid to a banker by its customers and shall not be liable to account to the Company Issuer for any interest thereon, save as otherwise agreed between the Company Issuer and the Principal Agent. No Agent shall exercise any right of set-off or lien or similar claim over moneys paid to it or by it under this Agreement. Unless required by law, moneys held by the Principal Agent need not be segregated.

Use of Moneys. The Principal Agent shall be entitled to deal with moneys paid to it by the Company Issuer for the purposes of this Agreement in the same manner as other moneys paid to a banker by its customers and shall not be liable to account to the Company Issuer (or any other Person) for any interest thereon, save as otherwise agreed between the Company Issuer and the Principal Agent. No Agent shall exercise any right of set-off or lien or similar claim over moneys paid to it or by it under this Agreement. Unless required by law, moneys held by the Principal Agent need not be segregated.