Common use of Account Bank Charges Clause in Contracts

Account Bank Charges. (a) The charges of the Account Bank for the operation of each of the Bank Accounts payable by the Mortgages Trustee shall be debited to the Mortgages Trustee GIC Account only on each Distribution Date in accordance with the Mortgages Trust Revenue Priority of Payments and the terms of the Mortgages Trust Deed and the Mortgages Trustee by its execution hereof irrevocably agrees that this shall be done. The charges shall be payable at the same rates as are generally applicable to the business customers of the Account Bank provided that, subject to Clause 8.6, if there are insufficient funds standing to the credit of the Mortgages Trustee GIC Account to pay such charges the Account Bank shall not be relieved of its obligations in respect of any of the Bank Accounts.

Account Bank Charges. (a) The charges of the Account Bank for the operation of the each of the Bank Accounts payable by the Mortgages Trustee shall be debited to the Mortgages Trustee GIC Account only on each Distribution Date in accordance with the Mortgages Trust Revenue Priority of Payments and the terms of the Mortgages Trust Deed and the Mortgages Trustee by its execution hereof irrevocably agrees that this shall be done. The charges shall be payable at the same rates as are generally applicable to the business customers of the Account Bank provided that, subject to Clause 8.6, if there are insufficient funds standing to the credit of the Mortgages Trustee GIC Account to pay such charges the Account Bank shall not be relieved of its obligations in respect of any of the Bank Accounts.

Account Bank Charges. (a) The charges of the Account Bank for the operation of each of the Bank Accounts payable by the Mortgages Trustee GIC Account shall be debited to the Mortgages Trustee GIC Account only on each Distribution Date in accordance with the Mortgages Trust Revenue Priority of Payments and the terms of the Mortgages Trust Deed and the Mortgages Trustee by its execution hereof irrevocably agrees that this shall be done. The charges shall be payable at the same rates as are generally applicable to the business customers of the Account Bank provided that, subject to Clause 8.68.7, if there are insufficient funds standing to the credit of the Mortgages Trustee GIC Account to pay such charges the Account Bank shall not be relieved of its obligations in respect of any of the Bank Accounts.