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. (b) Unless and until directed otherwise by the Security Trustee in accordance with Clause 7.5 (Consequences of a Note Acceleration Notice), the GIC Provider shall provide each of the Cash Manager, the Issuer and the Security Trustee with a written statement in respect of the GIC Account 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 GIC Provider's internet banking system and that the Security Trustee may, if it requires a statement in respect of the GIC 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 GIC Provider as required. The GIC Provider is hereby authorised by the Issuer to provide statements in respect of the GIC Account to the Cash Manager and the Security Trustee.

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. (b) Unless and until directed otherwise by the Security Trustee in accordance with Clause 7.5 (Consequences of a Note Acceleration Notice), the GIC Provider shall provide each of the Cash Manager, the Issuer and the Security Trustee with a written statement in respect of the GIC Account 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 GIC Provider's internet banking system and that the Security Trustee may, if it requires a statement in respect of the GIC 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 GIC Provider as required. The GIC Provider is hereby authorised by the Issuer to provide statements in respect of the GIC Account to the Cash Manager and the Security Trustee. (c) 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 any other Bank Account (if opened) 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 such Account, request 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 any other Bank Account (if opened) to the Cash Manager and the Security Trustee.

Account Statement. (a) Unless and until directed otherwise by the Security Trustee in accordance with Clause 7.5 (Consequences of a Note Acceleration Notice)Bond Trustee, the Account Bank shall will and is hereby authorized to provide each of the Cash Manager, the Issuer Guarantor and the Security Bond Trustee with a written statement in respect of the Transaction each Guarantor Account which is held with the Account Bank it delivered in accordance with Article 10 (Notices) on a monthly basis and also as soon as reasonably practicable after receipt of a request for a statement. The Article 5 certification, indemnity and Guarantor acceleration notice 5.1 Account Bank to Comply with Cash Manager’s Instructions Unless otherwise directed in writing by the Bond Trustee pursuant to Section 5.3 (Consequences of a Guarantor Acceleration Notice) below, in making any transfer or payment from any Guarantor Account held with the Account Bank in accordance with this Agreement, the Account Bank will be entitled to act as directed by the Cash Manager pursuant to Sections 2.1 (Instructions from the Cash Manager) and 2.2 (Timing of Payment) above and to rely as to the amount of any such transfer or payment on the Cash Manager's instructions in accordance with the relevant Mandate, and the Account Bank will have no liability to the Cash Manager, the Issuer Guarantor, the Sellers or the Bond Trustee for having acted on such instructions. 5.2 Guarantor’s Indemnity Subject to the prior ranking obligations set out in the applicable Priority of Payments 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 NoticeAgreement, the Security Trustee may request a statement from Guarantor will indemnify the Account Bank as required. The Account Bank is hereby authorised by the Issuer or, pursuant to provide statements in respect of the Transaction Account to the Cash Manager and the Security Trustee. (b) Unless and until directed otherwise by the Security Trustee in accordance with Clause 7.5 Section 5.3 (Consequences of a Note Guarantor Acceleration Notice), the GIC Provider shall provide each Bond Trustee, as the case may be, to the extent of available funds then standing to the credit of the Cash ManagerGuarantor Accounts held with the Account Bank against any loss, liability, claim, expense or damage suffered or incurred by the Issuer Account Bank or the Bond Trustee, as the case may be, in complying with any instruction delivered pursuant to and in accordance with this Agreement, save that this indemnity will not extend to: (a) the Security Trustee with a written statement in respect charges of the GIC Account Bank (if any) for the operation of the Guarantor Accounts held with the Account Bank other than as soon provided in this Agreement; and (b) any loss, liability, claim, expense or damage suffered or incurred arising from any breach by the Account Bank of its obligations under this Agreement to the extent that such loss, liability, claim, expense or damage is suffered or incurred as reasonably practicable after receipt a result of any dishonesty, bad faith, wilful misconduct, negligence or reckless disregard by the Account Bank or as a result 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 GIC Provider's internet banking system and that the Security Trustee may, if it requires a statement in respect of the GIC 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 GIC Provider as required. The GIC Provider is hereby authorised breach by the Issuer Account Bank of any covenant, obligation, term or condition of this Agreement or any other Transaction Document to provide statements which the Account Bank is a party (in respect of the GIC Account its capacity as such) in relation to the Cash Manager and the Security Trusteesuch functions.

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. (b) Unless and until directed otherwise by the Security Trustee in accordance with Clause 7.5 (Consequences of a Note Acceleration Notice), the GIC Provider shall provide each of the Cash Manager, the Issuer and the Security Trustee with a written statement in respect of the GIC Account 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 GIC Provider's internet banking system and that the Security Trustee may, if it requires a statement in respect of the GIC 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 GIC Provider as required. The GIC Provider is hereby authorised by the Issuer to provide statements in respect of the GIC Account to the Cash Manager and the Security Trustee.

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. (b) Unless and until directed otherwise Any Account Statement or any other statement or report provided by the Security Trustee in accordance with Clause 7.5 (Consequences of Account Bank on a Note Acceleration Notice), the GIC Provider shall provide each of the Cash Manager, the Issuer and the Security Trustee with a written statement regular basis in respect of the GIC Account as soon as reasonably practicable after receipt Issuer Accounts or any transactions or transfers of a request for a statement. The Cash Manager, the Issuer Account Amount shall be deemed to be correct and final upon receipt thereof by the Security Trustee agree that prior to Issuer unless the service of a Note Acceleration Notice, collectively no more than one request for a statement can be made per month, provided that Issuer (or the Cash Manager will have access on the Issuer's behalf) notifies the Account Bank in writing to statements via the GIC Provider's internet banking system and that the Security Trustee may, if it requires a statement in respect of the GIC Account, request such a statement contrary within thirty (30) clear days from the Cash Manager. The Cash Manager shall provide the Security Trustee with a statement as soon as reasonably practicable following receipt date of such request. Following the service of a Note Acceleration Notice, the Security Trustee may request a statement from the GIC Provider as required. The GIC Provider is hereby authorised by the Issuer to provide statements in respect of the GIC Account to the Cash Manager and the Security Trusteeor report.

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. (b) Unless and until directed otherwise by the Security Trustee in accordance with Clause 7.5 (Consequences of a Note Acceleration Notice), the GIC Provider shall provide each of the Cash Manager, the Issuer and the Security Trustee with a written statement in respect of the GIC Account 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 GIC Provider's internet banking system and that the Security Trustee may, if it requires a statement in respect of the GIC 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 Ac c eleration Notice, the Security Trustee may request a statement from the GIC Provider as required. The GIC Provider is hereby authorised by the Issuer to provide statements in respect of the GIC Account to the Cash Manager and the Security Trustee. (c) 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 eac h of the Cash Manager, the Issuer and the Security Trustee with a written statement in respect of any other Bank Account (if opened) 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 such Account, request 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 any other Bank Account (if opened) to the Cash Manager and the Security Trustee.