Common use of Account Bank Charges Clause in Contracts

Account Bank Charges. The charges of the Account Bank for the operation of each of the Guarantor Accounts maintained with the Account Bank shall be debited to the Transaction Account only on each Guarantor Payment Date, and the Guarantor by its execution hereof irrevocably agrees that this shall be done. The charges shall be payable in accordance with the Priorities of Payments at the same rates as are generally applicable to the business customers of the Account Bank provided that if there are insufficient funds standing to the credit of the Transaction Account to pay such charges after payment by or on behalf of the Guarantor of any higher ranking obligations in the Priorities of Payment the Account Bank shall not be relieved of its obligations in respect of any of the Guarantor Accounts.

Account Bank Charges. The charges of the Account Bank for the operation of each of the Guarantor LP Accounts maintained with the Account Bank shall be debited to the Transaction Account only on each Guarantor LP Payment Date, and the Guarantor LP by its execution hereof irrevocably agrees that this shall be done. The charges shall be payable in accordance with the Priorities of Payments at the same rates as are generally applicable to the business customers of the Account Bank provided that if there are insufficient funds standing to the credit of the Transaction Account to pay such charges after payment by or on behalf of the Guarantor LP of any higher ranking obligations in the Priorities of Payment the Account Bank shall not be relieved of its obligations in respect of any of the Guarantor LP Accounts.

Account Bank Charges. The charges of the Account Bank for the operation of each of the Guarantor Accounts maintained with the Account Bank shall be debited to the Transaction Account only on each Guarantor Payment Date, and the Guarantor by its execution hereof irrevocably agrees that this shall be done. The charges shall be payable in accordance with the Priorities of Payments at the same rates as are generally applicable to the business customers of the Account Bank provided that if there are insufficient funds standing to the credit of the Transaction Account to pay such charges after payment by or on behalf of the Guarantor of any higher ranking obligations in the Priorities of Payment the Account Bank shall not be relieved of its obligations in respect of any of the Guarantor Accounts. Payments to the Account Bank and the GIC Provider rank pro rata and pari passu with payments to the Asset Monitor, among others, in the Priorities of Payments.

Account Bank Charges. The charges of the Account Bank for the operation of each of the Guarantor Accounts maintained held with the Account Bank shall will be debited to the Transaction Account only on each Guarantor Payment Datein accordance with the applicable Priority of Payments, and the Guarantor by its execution hereof irrevocably agrees that this shall will be done. The charges shall will be payable in accordance with the Priorities of Payments at the same rates as are generally applicable to the business customers of the Account Bank provided that that, subject to Section 7.5 (Termination by Account - 3 - Bank), if there are insufficient funds standing to the credit of the Transaction Account to pay such charges after payment by or on behalf of the Guarantor of any higher ranking obligations in the Priorities applicable Priority of Payment Payments, the Account Bank shall will not be relieved of its obligations in respect of any of the Guarantor AccountsAccounts held with it.