Common use of INDEMNITY AND GUARANTOR ACCELERATION NOTICE Clause in Contracts

INDEMNITY AND GUARANTOR ACCELERATION NOTICE. 5.1 Standby Account Bank to Comply with Cash Manager’s Instructions Unless otherwise directed in writing by the Bond Trustee pursuant to Section 5.3, in making any transfer or payment from any Guarantor Account in accordance with this Agreement, the Standby Account Bank shall be entitled to act, without further inquiry, as directed by the Cash Manager pursuant to Section 2.1 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 Standby Account Bank shall have no liability hereunder to the Cash Manager, the Guarantor or the Bond Trustee for having acted on such instructions.

INDEMNITY AND GUARANTOR ACCELERATION NOTICE. 5.1 Standby Stand-By Account Bank to Comply with Cash Manager’s Instructions Unless otherwise directed in writing by the Bond Trustee pursuant to Section 5.3, in making any transfer or payment from any Guarantor Account in accordance with this Agreement, the Standby Stand-By Account Bank shall be entitled to act, without further inquiry, as directed by the Cash Manager pursuant to Section Sections 2.1 and 2.2 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 Standby Stand-By Account Bank shall have no liability hereunder to the Cash Manager, the Guarantor or the Bond Trustee for having acted on such instructionsinstructions except in the case of its wilful default, fraud or negligence.