Common use of ACCOUNT FOR PAYMENTS Clause in Contracts

ACCOUNT FOR PAYMENTS. (a) All payments to be made by any US Guarantor under this Master Guarantee shall be paid to the UK Lender's account at such office or bank as it may notify that US Guarantor from time to time in immediately available funds in the currency in which the relevant liabilities were denominated or incurred. (b) All payments to be made by any UK Guarantor under this Master Guarantee shall be paid to the US Lender's account at such office or bank as it may notify that UK Guarantor from time to time in immediately available funds in the currency in which the relevant liabilities were denominated or incurred.

Appears in 2 contracts

Sources: Master Guarantee, Master Guarantee (Great American Group, Inc.)