Common use of Withholding Funds Clause in Contracts

Withholding Funds. If the Supplier has a potential liability to CBH Grain or any of its Related Bodies Corporate under any other contract, then CBH Grain may in its discretion and notwithstanding any other provision of the Contract retain an amount equivalent to the Supplier's potential liability until such time as the Supplier's potential liability has either: a. crystallised and been paid; or b. ceased to exist.

Appears in 3 contracts

Samples: General Terms and Conditions, General Terms and Conditions, General Terms and Conditions

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Withholding Funds. If the Supplier has a potential liability to CBH Grain or any of its Related Bodies Corporate under any other contract, then CBH Grain may in its discretion and notwithstanding any other provision of the Contract retain an amount equivalent to the Supplier's potential liability until such time as the Supplier's potential liability has either: a. crystallised and been paid; or or b. ceased to exist.exist.β€Œ

Appears in 1 contract

Samples: Pool Contract

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