Retention of Moneys Clause Samples

Retention of Moneys. 30 SECTION 8.04 Reconveyance........................................... 30

Retention of Moneys. All moneys received by Trustee shall, until used or applied as herein provided, be held in trust for the purposes for which they were received but need not be segregated in any manner from any other moneys (except to the extent required by law), and Trustee shall be under no liability for interest on any moneys received by him hereunder.

Retention of Moneys in Case of Visa Denial If this agreement is terminated in accordance with clause 6.9, Australian Internships will retain the non-refundable application fee and 50% deposit of the program fee and will refund:

Retention of Moneys. In addition to the TEN PERCENT (10%) of contract price above retained, to insure the completion of the work, said City reserves the right to retain at all times from the estimates, and amount sufficient to pay and discharge all debts incurred by said Contractor, or subcontractor, for labor performed thereof in the progress of the work, and for material purchased and used therefor, and, at its discretion, to pay the same to the parties entitled thereto, and charge the same against the contract price.

Retention of Moneys. 17 ARTICLE VI

Retention of Moneys. Retain out of any moneys received by the Receiver a sum to cover the Receiver’s remuneration referred to in clause 9.4 of this Deed and expenses referred to in clause 15 of this Deed.

Retention of Moneys. AGREEMENT 16.5.1 The Customer may retain a proportion of the payment for any Milestones in the amount and for the period identified in a ▇▇▇▇ for the due and proper performance and completion of the Contractor’s entire obligations under a Contract incurred prior to the end of the Warranty Period or a period otherwise nominated in the ▇▇▇▇. 16.5.2 The Customer must upon the completion of the Contractor’s entire obligations in accordance with the Contract (incurred prior to the end of the Warranty Period or a period otherwise nominated in the ▇▇▇▇) pay to the Contractor any amount retained under clause 16.5.1.

Retention of Moneys. 15 ARTICLE VI MISCELLANEOUS Section 6.01 Instrument Construed as Mortgage, Etc ............................... 16

Retention of Moneys. All moneys received by Trustee shall, until used or applied as herein provided, be held in trust for the purposes for which they were received, but need not be segregated in any manner from any other moneys (except to the extent required by law) and Trustee shall be under no liability for interest on any moneys received by it hereunder. O-52 338 _ Successor Trustees: Trustee may resign by the giving of sixty (60) days written notice of such resignation in recordable form to Beneficiary. If Trustee shall resign or become disqualified from acting in the execution of this trust, or shall fail or refuse to execute the same when requested by Beneficiary so to do, or if, for any reason and without cause, Beneficiary shall prefer to appoint a substitute trustee or trustees to act instead of the aforenamed Trustee, or any successor or substitute trustee, Beneficiary shall have full power to appoint a substitute trustee or trustees and, if preferred, several substitute trustees in succession who shall succeed to all the estates, properties, rights, powers and duties of the aforenamed Trustee. Such appointment may be executed by any authorized agent or officer of Beneficiary, and if such Beneficiary be a corporation and such appointment be executed in its behalf by any officer of such corporation, such appointment shall be conclusively presumed to be executed with authority and shall be valid and sufficient without proof of any action by the Board of Directors or any superior officer of the corporation. Such appointment shall be duly recorded in the appropriate real estate records at any time before or, if permitted by applicable law, upon sale of Mortgaged Property by the successor appointed thereby. Grantor hereby ratifies and confirms any and all acts which the aforementioned Trustee, or his successor or successors in this trust, lawfully does by virtue hereof. Grantor shall reimburse Beneficiary and/or Trustee for any Expenses incurred pursuant to the provisions of this Section 9.4. _ Perfection of Appointment: Should any deed, conveyance or instrument of any nature be required from Grantor by any successor Trustee to more fully and certainly vest in and confirm to such new Trustee such estates, rights, powers and duties, then, upon request by such Trustee, any and all such deeds, conveyances and instruments shall be made, executed, acknowledged and delivered and shall be caused to be recorded and/or filed by Grantor and Grantor shall pay for any Expenses incurr...