Common use of Deposit of Monies Clause in Contracts

Deposit of Monies. We shall be entitled to deposit all monies received for or on your account, after deducting the relevant sums in Clauses 21.1 above, into any Account or upon receipt of your Instruction, any bank account designated by you (provided that such bank account is in your name) held by an authorized institution (as defined under the Banking Ordinance) in Hong Kong.

Appears in 4 contracts

Sources: Customer Agreement, Customer Agreement, Customer Agreement