Examples of Contract Proceeds in a sentence
The Assignor undertakes to open and maintain at all times during the continuance of this Assignment, an Account with the Bank and to pay all the Contract Proceeds into such Account, provided that the Bank may at its absolute discretion require all or any Contract Proceeds to be paid directly to the Bank towards reduction of the Secured Obligation or for any other purpose as the Bank may in its absolute discretion decide.
Contract Proceeds Membership Contribution Export Proceeds Gift 12 Other Connected Business / Professional Activities & Business Interest 13 Other Details / Remarks/Notes (if any) 14 Name of Person/s Authorized to Give Instructions 15 Bank Account Details Bank Branch Account No. Account Type Current Savings XXXXX XXXXX 16 Authorized Signatories Details Name of the Person Capacity 1.
In the event that any sum of the Contract Proceeds is paid to or received by the Assignor (without the prior written approval of the Bank for the Assignor to use or retain that sum), the Assignor shall hold that sum on trust for the Bank and shall forthwith pay the same into the Account or such other account as the Bank may permit or at the Bank’s absolute discretion, direct.
Interest - The Contract Proceeds may be left with us for at least 5 years.
Director Director/Secretary LEG/i-023 DOA(CP)(06/16) (Pursuant to Clause 1.1.8 of the Deed of Assignment of Contract Proceeds dated the day of , 20 ) All terms referred to herein shall have the same meaning as the terms in the abovementioned Assignment (herein referred to as “this Assignment”).