Common use of Account Statement Clause in Contracts

Account Statement. (a) Unless and until directed otherwise by the Security Trustee in accordance with Clause 7.5 (Consequences of a Note Acceleration Notice), the Account Bank shall provide each of the Cash Manager, the Issuer and the Security Trustee with a written statement in respect of the Transaction Account which is held with the Account Bank as soon as reasonably practicable after receipt of a request for a statement. The Cash Manager, the Issuer and the Security Trustee agree that prior to the service of a Note Acceleration Notice, collectively no more than one request for a statement can be made per month, provided that the Cash Manager will have access to statements via the Account Bank's internet banking system and that the Security Trustee may, if it requires a statement in respect of the Transaction Account, request such a statement from the Cash Manager. The Cash Manager shall provide the Security Trustee with a statement as soon as reasonably practicable following receipt of such request. Following the service of a Note Acceleration Notice, the Security Trustee may request a statement from the Account Bank as required. The Account Bank is hereby authorised by the Issuer to provide statements in respect of the Transaction Account to the Cash Manager and the Security Trustee.

Appears in 5 contracts

Samples: Account Agreement, Account Agreement, www.ybs.co.uk

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Account Statement. (a) Unless and until directed otherwise by the Security Trustee in accordance with Clause 7.5 15 (Consequences of a Note Acceleration NoticeNotices), the Account Bank shall provide each of the Cash Manager, the Issuer and the Security Trustee with a written account transaction statement on a monthly basis in respect of the Transaction each Issuer Account which is held with the Account Bank as soon as reasonably practicable after receipt of a request for a statement(each such statement being an Account Statement). The Cash Manager, the Issuer and the Security Trustee agree that that, prior to the service of a Note Acceleration Notice, collectively no more than one request for a statement an Account Statement can be made per month, provided that the Cash Manager will have access to statements Account Statements via the Account Bank's internet banking system and that the Issuer and the Security Trustee may, if it requires a statement in respect of the Transaction Accountthey require an Account Statement, request such a statement Account Statement from the Cash Manager. The Cash Manager shall provide the Issuer or Security Trustee (as applicable) with a statement an Account Statement as soon as reasonably practicable following receipt of such request. Following the service of a Note Acceleration Notice, the Security Trustee may request a statement an Account Statement from the Account Bank as required. The Account Bank is hereby authorised by the Issuer to provide statements Account Statements in respect of the Transaction each Issuer Account to the Cash Manager and the Security Trustee.

Appears in 1 contract

Samples: Bank Account Agreement

Account Statement. (a) Unless and until directed otherwise by the Security Trustee in accordance with Clause 7.5 (Consequences of a Note Acceleration Notice), the Account Bank shall provide each eac h of the Cash Manager, the Issuer and the Security Trustee with a written statement in respect of the Transaction Account which is held with the Account Bank as soon as reasonably practicable after receipt of a request for a statement. The Cash Manager, the Issuer and the Security Trustee agree that prior to the service of a Note Acceleration Notice, collectively no more than one request for a statement can be made per month, provided that the Cash Manager will have access to statements via the Account Bank's internet banking system and that the Security Trustee may, if it requires a statement in respect of the Transaction Account, request such a statement from the Cash Manager. The Cash Manager shall provide the Security Trustee with a statement as soon as reasonably practicable following receipt of such request. Following the service of a Note Acceleration Notice, the Security Trustee may request a statement from the Account Bank as required. The Account Bank is hereby authorised by the Issuer to provide statements in respect of the Transaction Account Ac c ount to the Cash Manager and the Security Trustee.

Appears in 1 contract

Samples: Bank Account Agreement

Account Statement. (a) Unless and until directed otherwise by the Security Trustee in accordance with Clause 7.5 (Consequences of a Note Acceleration Notice), the Account Bank shall provide each of the Cash Manager, the Issuer and the Security Trustee with a written statement in respect of the Transaction Account which is held with the Account Bank as soon as reasonably practicable after receipt of a request for a statement. The Cash Manager, the Issuer and the Security Trustee agree that prior to the service of a Note Acceleration Notice, collectively no more than one request for a statement can be made per monthquarter, provided that the Cash Manager will have access to statements via the Account Bank's internet banking system and that the Security Trustee may, if it requires a statement in respect of the Transaction Account, request such a statement from the Cash Manager. The Cash Manager shall provide the Security Trustee with a statement as soon as reasonably practicable following receipt of such request. Following the service of a Note Acceleration Notice, the Security Trustee may request a statement from the Account Bank as required. The Account Bank is hereby authorised by the Issuer to provide statements in respect of the Transaction Account to the Cash Manager and the Security Trustee.

Appears in 1 contract

Samples: Account Agreement

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Account Statement. (a) Unless and until directed otherwise by the Security Trustee in accordance with Clause 7.5 7. 5 (Consequences of a Note Acceleration Notice), the Account Bank shall provide each eac h of the Cash Manager, the Issuer and the Security Trustee with a written statement in respect of the Transaction Account which is held with the Account Bank as soon as reasonably practicable after receipt of a request for a statement. The Cash Manager, the Issuer and the Security Trustee agree that prior to the service of a Note Acceleration Notice, collectively no more than one request for a statement can be made per month, provided that the Cash Manager will have access to statements via the Account Bank's internet banking system and that the Security Trustee may, if it requires a statement in respect of the Transaction Account, request such a statement from the Cash Manager. The Cash Manager shall provide the Security Trustee with a statement as soon as reasonably practicable following receipt of such request. Following the service of a Note Acceleration Notice, the Security Trustee may request a statement from the Account Bank as required. The Account Bank is hereby authorised by the Issuer to provide statements in respect of the Transaction Account Ac c ount to the Cash Manager and the Security Trustee.

Appears in 1 contract

Samples: Bank Account Agreement

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