Common use of Cash Transfers Clause in Contracts

Cash Transfers. (a) In the event that funds are required to be transferred from any Bank Account to the account of another Person (other than any Person within the GAL Group) in order to give effect to the directions of any Lessee in accordance with Section 1.1(d) of this Schedule 2.02 (a) the Servicer shall provide the Manager with written notice setting forth the (i) name of the transferor, (ii) name of the transferee, (iii) accounts from and to which funds are to be transferred, (iv) amounts to be transferred, (v) amount of the initial payment from or to the Lessee and (vi) anticipated date of transfer. No later than the next following Business Day, GAL shall cause the Manager to notify the Servicer in writing whether the proposed transfer will be made on such anticipated date of transfer or on another stated date. GAL shall instruct the Manager to cause such transfer to be made on such date in accordance with the terms of the written notice provided by the Servicer. (b) It is understood and agreed that (i) all decisions as to any transfers contemplated by Section 7.2(a) shall be the decisions and responsibility of the Manager, as the case may be, and not the decisions and responsibility of the Servicer (and the Servicer shall not be subject to any other responsibilities not specified in this Section 7 or any liability whatsoever for any such transfers or any decisions of the Manager, as the case may be, related thereto) and (ii) the Servicer shall have no responsibility as to the actions taken (or omitted) by any banking institution upon receipt of any payment instruction from the Manager, as the case may be, in accordance with the procedures set forth in this Section 7.

Cash Transfers. (a) In the event that funds are required to be transferred from any Bank Account to the account of another Person (other than any Person within the GAL LIFT Group) in order to give effect to the directions of any Lessee in accordance with with (a) TO SERVICING AGREEMENT Section 1.1(d) of this Schedule 2.02 (a) 2.02(a), the Servicer shall provide the Manager Administrative Agent with written notice setting forth the (i) name of the transferor, (ii) name of the transferee, (iii) accounts from and to which funds are to be transferred, (iv) amounts to be transferred, (v) amount of the initial payment from or to the Lessee and (vi) anticipated date of transfer. No later than the next following Business Day, GAL LIFT shall cause the Manager Administrative Agent to notify the Servicer in writing whether the proposed transfer will be made on such anticipated date of transfer or on another stated date. GAL LIFT shall instruct the Manager Administrative Agent to cause such transfer to be made on such date in accordance with the terms of the written notice provided by the Servicer. (b) It is understood and agreed that (i) all decisions as to any transfers contemplated by Section 7.2(a) shall be the decisions and responsibility of the Manager, as the case may be, Administrative Agent and not the decisions and responsibility of the Servicer (and the Servicer shall not be subject to any other responsibilities not specified in this Section 7 or any liability whatsoever for any such transfers or any decisions of the Manager, as the case may be, Administrative Agent related thereto) and (ii) the Servicer shall have no responsibility as to the actions taken (or omitted) by any banking institution upon receipt of any payment instruction from the Manager, as the case may be, Administrative Agent in accordance with the procedures set forth in this Section 7.

Cash Transfers. (a) In the event that funds are required to be transferred from any Bank Account to the account of another Person (other than any Person within the GAL Genesis Group) in order to give effect to the directions of any Lessee in accordance with Section 1.1(d) of this Schedule 2.02 (a) the Servicer shall provide the Manager Administrative Agent with written notice setting forth the (i) name of the transferor, (ii) name of the transferee, (iii) accounts from and to which funds are to be transferred, (iv) amounts to be transferred, (v) amount of the initial payment from or to the Lessee and (vi) anticipated date of transfer. No later than the next following Business Day, GAL Genesis shall cause the Manager Administrative Agent to notify the Servicer in writing whether the proposed transfer will be made on such anticipated date of transfer or on another stated date. GAL Genesis shall instruct the Manager Administrative Agent to cause such transfer to be made on such date in accordance with the terms of the written notice provided by the Servicer. (b) It is understood and agreed that (i) all decisions as to any transfers contemplated by Section 7.2(a) shall be the decisions and responsibility of the Manager, as the case may be, Administrative Agent and not the decisions and responsibility of the Servicer (and the Servicer shall not be subject to any other responsibilities not specified in this Section 7 or any liability whatsoever for any such transfers or any decisions of the Manager, as the case may be, Administrative Agent related thereto) and (ii) the Servicer shall have no responsibility as to the actions taken (or omitted) by any banking institution upon receipt of any payment instruction from the Manager, as the case may be, Administrative Agent in accordance with the procedures set forth in this Section 7.

Cash Transfers. (a) In the event that funds are required to be transferred from any Bank Account to the account of another Person (other than any Person within the GAL GFL Group) in order to give effect to the directions of any Lessee in accordance with Section 1.1(d) of this Schedule 2.02 (a) the Servicer shall provide the Cash Manager and the Manager with written notice setting forth the (i) name of the transferor, (ii) name of the transferee, (iii) accounts from and to which funds are to be transferred, (iv) amounts to be transferred, (v) amount of the initial payment from or to the Lessee and (vi) anticipated date of transfer. No later than the next following Business Day, GAL GFL shall cause the Cash Manager to notify the Servicer in writing whether the proposed transfer will be made on such anticipated date of transfer or on another stated date. GAL GFL shall instruct the Cash Manager to cause such transfer to be made on such date in accordance with the terms of the written notice provided by the Servicer. (b) It is understood and agreed that (i) all decisions as to any transfers contemplated by Section 7.2(a) shall be the decisions and responsibility of the Cash Manager or the Manager, as the case may be, and not the decisions and responsibility of the Servicer (and the Servicer shall not be subject to any other responsibilities not specified in this Section 7 or any liability whatsoever for any such transfers or any decisions of the Cash Manager or the Manager, as the case may be, related thereto) and (ii) the Servicer shall have no responsibility as to the actions taken (or omitted) by any banking institution upon receipt of any payment instruction from the Cash Manager or the Manager, as the case may be, in accordance with the procedures set forth in this Section 7.