Secured Moneys means, without double counting, the aggregate of all moneys owing to the Security Trustee or to a Secured Creditor under any of the Transaction Documents provided that:

Secured Moneys means (a) all moneys in any currency owing by the Customer to the Bank at any time, actually or contingently, in respect of the Secured Overdraft Facility, (b) interest on such moneys (both before and after any demand or judgment), to the date on which the Bank receives payment, at the rates payable by the Customer or which would have been payable but for any circumstance which restricts payment, (c) any expense of reasonable amount and reasonably incurred by the Bank in making payment in respect of any securities comprising the Secured Assets on behalf of the Customer (but without the Bank being under any obligation to do so) as a result of failure by the Customer to make such payment when due and (d) all expenses of reasonable amount and reasonably incurred by the Bank in recovering any amount owing by the Customer and/or enforcing the security provided to it on a full indemnity basis;

Secured Moneys has the meaning given in the Security Trust Deed.

Examples of Secured Moneys in a sentence

If the Insurance Proceeds received by FSL are less than the Secured Moneys the Borrower will remain liable to FSL for the shortfall and if they exceed the Secured Moneys FSL will account to the Borrower for the excess.
If a Cancellation Request occurs (i) the Debt the subject of the applicable Loan Agreement will become immediately due and payable by the Borrower to FSL without FSL having to make demand for the same; (ii) FSL may cancel or otherwise deal with any Insurance; (iii) FSL may direct the Insurer, or any person or organisation to whom Insurance Proceeds are paid, to pay the Insurance Proceeds in full to FSL; and FSL may apply the Insurance Proceeds received by FSL in payment of all Secured Moneys.
The Borrower must pay FSL upon demand all its costs and expenses (including legal costs and expenses on a full indemnity basis) incurred by FSL in recovering Secured Moneys following a Repayment Event.

More Definitions of Secured Moneys

Secured Moneys means, without double counting, the aggregate of all moneys owing to the Security Trustee or to a Secured Creditor under any of the Transaction Documents, whether such amounts are liquidated or not or are contingent or presently accrued due, and includes all rights sounding in damages only provided that:

Secured Moneys means, without double counting, the aggregate of all moneys owing to the Security Trustee or to a Secured Creditor under any of the Transaction Documents provided that the Secured Moneys do not include any fees or value added tax payable to the Note Trustee referred to in clause 12.7 of the Note Trust Deed or to an Agent referred to in 12.6 of the Agency Agreement.

Secured Moneys means all debts and monetary liabilities Customer owes to Supplier on any account or in relation to any agreement between Supplier and Customer for the sale of Product and in any capacity and irrespective of whether the debts or liabilities:

Secured Moneys has the meaning given to that term in the Security Trust Deed.

Secured Moneys means all monies, obligations and liabilities now or at any time hereafter due, owing or incurred to the Bank by the Customer, whether on any banking or other account or otherwise in whatever manner and whether actual or contingent and in whatever currency and whether solely or jointly in whatever name, style or form and whether as principal debtor or surety, and whether principal, interests, charges, fees, costs, expenses, commissions, all other moneys or otherwise, including but not limited to the Outstanding Indebtedness, or other debts incurred to any other person the benefit of which is subsequently assigned or otherwise transferred to the Bank, and all interests, charges, commissions, costs, expenses, legal costs and other fees, on a full indemnity basis.