Administrative Agent Directions Sample Clauses

Administrative Agent Directions. (i) All withdrawals of funds from the Borrower Collection Account pursuant to this Section 3.01 or Section 8.03(g) shall require the consent of the Administrative Agent; provided, that the Administrative Agent hereby provides the Paying Agent with revocable standing instructions allowing withdrawals from the Borrower Collection Account on each Settlement Date (and each date of Release pursuant to Section 8.03(g)) in accordance with the Information Package (or with respect to any Release pursuant to Section 8.03(g), in accordance with the related Release Certificate) and the direction by the Borrower (or the Initial Servicer on its behalf) contained in such Information Package or Release Certificate. Prior to an Unmatured Early Amortization Event, Early Amortization Event, Unmatured Event of Default, Event of Default, Unmatured Initial Servicer Default or Initial Servicer Default, the Administrative Agent shall not alter or revoke such standing instructions unless (i) the Administrative Agent believes the Information Package or Release Certificate, as applicable, is in error, and (ii) the Administrative Agent and the Servicer are unable to reconcile such error prior to the related Settlement Date or related date of Release pursuant to Section 8.03(g), as applicable. If the Administrative Agent does not (i) give written notice to the Paying Agent by 5:00 p.m. (New York City time) on the Business Day prior to the related Settlement Date (or date of Release) revoking such standing instruction or (ii) deliver an amended Information Package and Release Certificate to the Paying Agent by 10 a.m. (New York City time) on the Business Day prior to the related Settlement Date (or date of Release), the Paying Agent shall be entitled to conclusively rely on such Information Package or Release Certificate with respect to the withdrawals of funds from the Borrower Collection Account.