Examples of Guaranteed Moneys in a sentence
The Bank may, at any time and without notice, apply any credit balance to which the Guarantor is entitled on any account with the Bank in or towards satisfaction of the Guaranteed Moneys.
Any Guaranteed Moneys which may not be recoverable from the Customer for any such reason shall be recoverable by the Bank from the Guarantor as principal debtor by way of indemnity, on demand, together with Default Interest thereon in accordance with Clause 2.03.
Any security taken by the Guarantor in breach of this provision shall be held in trust for the Bank as security for the Guaranteed Moneys and all moneys at any time received in respect thereof shall be paid to the Bank immediately on receipt.
The Bank is authorized to exercise a lien over all property of the Guarantor coming into the possession or control of the Bank, for custody or any other reason and whether or not in the ordinary course of banking business, with power for the Bank to sell such property to satisfy the Guaranteed Moneys.
Until the Commencement of Liquidation of an Obligor, that Obligor is entitled to pay, and a Holder or the Supervisor or any other person on behalf of a Holder is entitled to receive payment from or on behalf of that Obligor of, any Bond Moneys or, as the case may be, the Guaranteed Moneys, and the Supervisor is entitled to pay any amounts to or for the benefit of the Holders or any other person on behalf of any Holders.