Common use of Cash Transfers Clause in Contracts

Cash Transfers. In the event that the Cash Manager is required to transfer funds from any Bank Account to the account of another Person (other than any Person within AerCo Group) in order to give effect to the directions of any Lessee in accordance with Section 1.01(d) of this Schedule 2.02 (a) the Servicer shall provide the Cash Manager with written notice setting forth (i) the name of the transferor, (ii) the name of the transferee, (iii) the accounts from and to which funds are to be transferred, (iv) the amounts to be transferred, (v) the amount of the initial payment from the Lessee and (vi) the anticipated date of transfer. No later than the next following Business Day, the Cash Manager shall notify the Servicer in writing whether the proposed transfer is approved or disapproved. If approved, the Cash Manager shall cause such transfer to be made in accordance with the terms of such written notice. If not approved, the Cash Manager shall advise the Servicer in writing as to the reasons therefor.

Cash Transfers. In the event that the Cash Manager is required to transfer funds from any Bank Account to the account of another Person (other than any Person within AerCo Group) in order to give effect to the directions of any Lessee in accordance with Section 1.01(d) of this Schedule 2.02 (a) the Servicer shall provide the Cash Manager with written notice setting forth (i) the i)the name of the transferor, (ii) the name of the transferee, (iii) the accounts from and to which funds are to be transferred, (iv) the amounts to be transferred, (v) the amount of the initial payment from the Lessee and (vi) the anticipated date of transfer. No later than the next following Business Day, the Cash Manager shall notify the Servicer in writing whether the proposed transfer is approved or disapproved. If approved, the Cash Manager shall cause such transfer to be made in accordance with the terms of such written notice. If not approved, the Cash Manager shall advise the Servicer in writing as to the reasons therefor.