Instructions from the Cash Manager Clause Samples

Instructions from the Cash Manager. (a) The Cash Manager shall, before the date upon which any payment is due to be made from any Bank Account (including the payments due to be made on each Funding 1 Interest Payment Date and/or Funding 2 Interest Payment Date and/or Distribution Date), submit to the Account Bank irrevocable written instructions or instructions by way of the internet banking service provided by the Account Bank as to the payments to be made out of such Bank Account or Bank Accounts (as the case may be) on such date. (b) The Account Bank shall comply with the instructions described in paragraph 3.1 (a) and shall effect the payments specified in such instructions not later than the time specified for payment therein (provided that the Account Bank shall not have any liability to any person if it fails to effect timely payment by reason of strike, computer failure, power cut or other matters beyond its control) on the relevant date if the instructions comply with the relevant Mandate.

Instructions from the Cash Manager. Subject to Clause 6.5, the Account Bank shall comply with any direction of the Cash Manager to effect a payment by debiting any one of the Funding 1 Transaction Account, the Funding 1 GIC Account, the Funding 2 Transaction Account, the Funding 2 GIC Account or the Mortgages Trustee GIC Account (and/or any additional or replacement bank accounts opened in the name of either the Mortgages Trustee and/or Funding 1 and/or Funding 2 from time to time with the prior written consent of the Funding 1 Security Trustee and/or Funding 2 Security Trustee and the Rating Agencies, together, the BANK ACCOUNTS) if such direction (i) is in writing or is given by the internet banking service provided by the Account Bank and (ii) complies with the Funding 1 Transaction Account Mandate, the Funding 1 GIC Account Mandate, the Funding 2 Transaction Account Mandate, the Funding 2 GIC Account Mandate or the Mortgages Trustee GIC Account Mandate as appropriate.

Instructions from the Cash Manager. The Swap Collateral Account Bank shall comply with the instructions described in Clauses 3.1 (Instructions from the Cash Manager) and 3.2 (Timing of Payment) above and shall effect the payments specified in such instructions not later than the time specified for payment therein (provided that the Swap Collateral Account Bank shall not have any liability to any person if it fails to effect timely payment due to insufficient funds standing to the credit of the Swap Collateral Account to which an instruction relates on the relevant date. The Swap Collateral Account Bank shall be under no obligation to check the compliance of the Cash Manager with the provisions of Clauses 3.1 (Instructions from the Cash Manager) and 3.2 (Timing of Payment) following receipt by the Swap Collateral Account Bank of instructions for any payment from the Swap Collateral Account.

Instructions from the Cash Manager. (a) The Cash Manager shall, no later than 11.00 a.m. (London time) on the second London Business Day prior to the Payment Date upon which any payment is due to be made from the Funding (Current Issuer) GIC Account, submit to the Account Bank irrevocable instructions in compliance with the Mandate as to the payments to be made out of such account on such date. (b) The Account Bank shall comply with such instructions and shall effect the payments specified therein not later than the time specified for payment thereof (provided that the Account Bank shall not have any liability to any person if it fails to effect timely payment by reason of strike, computer failure, power cut or other matters beyond its control) on the relevant date if the instructions comply with the Mandate.

Instructions from the Cash Manager. (a) The Cash Manager shall, before the date upon which any payment is due to be made from the Mortgages Trustee GIC Account (including the payments due to be made on each Distribution Date), submit to the Mortgages Trustee Account Bank irrevocable written instructions, by way of e-mail or instructions by way of the internet banking service provided by the Mortgages Trustee Account Bank, as to the payments to be made out of the Mortgages Trustee GIC Account on such date. (b) The Mortgages Trustee Account Bank shall comply with the instructions described in paragraph 3.1(a) and shall effect the payments specified in such instructions not later than the time specified for payment therein (provided that the Mortgages Trustee Account Bank shall not have any liability to any person if it fails to effect timely payment by reason of strike, computer failure, power cut or other matters beyond its control) on the relevant date if the instructions comply with the Mortgages Trustee GIC Account Mandate.

Instructions from the Cash Manager. Subject to Clause 2.4 (No Negative Balance) and Clause 6.3 (Consequences of an Intercompany Loan Enforcement Notice), the Account Bank shall, as directed by the Cash Manager, be entitled to effect a payment by debiting the Funding (Current Issuer) GIC Account provided that such direction from the Cash Manager complies with the Funding (Current Issuer) GIC Account Mandate (the "MANDATE"). The Account Bank shall be entitled to rely on any direction given in writing which, in its opinion (acting reasonably and in good faith), purports to be given by any Authorised Signatory referred to in the Mandate from time to time and in respect of which the person giving the direction quotes a code reference notified in writing by the Cash Manager from time to time to the Account Bank.

Instructions from the Cash Manager. The Issuer Account Bank shall comply with the instructions described in Clauses 3.1 (Instructions from the Cash Manager) and 3.2 (Timing of Payment) and shall effect the payments specified in such instructions not later than the time specified for payment therein (provided that the Issuer Account Bank shall not have any liability to any person if it fails to effect timely payment due to insufficient funds standing to the credit of any relevant Issuer Accounts to which an instruction relates on the relevant date. The Issuer Account Bank shall be under no obligation to check the compliance of the Cash Manager with the provisions of Clauses 3.1 (Instructions from the Cash Manager) and 3.2 (Timing of Payment) following receipt by the Issuer Account Bank of instructions for any payment from any Issuer Account.

Instructions from the Cash Manager. (a) The Cash Manager shall, no later than 3:00 p.m. (London time) on the second Business Day before the date upon which any payment is due to be made from any Bank Account (excluding the Reserve Account) (including, but not limited to, the payments due to be made on each Interest Payment Date), submit to the Account Bank or the GIC Provider, as the case may be, irrevocable written instructions, or instructions by way of the internet banking service or electronic banking service provided by the Account Bank or the GIC Provider, as the case may be, as to the payments to be made out of such Bank Account or Bank Accounts (as the case may be, but in each case excluding the Reserve Account) on such date, such instructions to comply with the terms of this Agreement, the relevant Account Mandate and any other reasonable requirements of the Account Bank or the GIC Provider, as the case may be, from time to time. The Account Bank shall be under no obligation to check the compliance of the Cash Manager with the provisions of this Clause 4 following receipt by the Account Bank of instructions for any payment from any Bank Account (excluding the Reserve Account). (b) The Account Bank or the GIC Provider, as the case may be, shall comply with the instructions described in Clause 4.1(a) above and shall effect the payments specified in such instructions not later than the time specified for payment therein (provided that the Account Bank or the GIC Provider, as the case may be, shall not have any liability to any person if it fails to effect timely payment (i) due to insufficient funds standing to the credit of any Bank Account (excluding the Reserve Account) to which an instruction relates and (ii) by reason of strike, computer failure, power cut or other matters beyond its control) on the relevant date.

Instructions from the Cash Manager. The Collateral Account Bank shall comply with the Instructions described in Clauses 3.1 (Instructions) and 3.2 (Timing of Payment) above and shall effect the payments specified in such Instructions not later than the time specified for payment therein (provided that the Collateral Account Bank shall not have any liability to any person if it fails to effect timely payment due to insufficient funds standing to the credit of the Collateral Account to which an Instruction relates on the relevant date. The Collateral Account Bank shall be under no obligation to check the compliance of the Cash Manager with the provisions of Clauses 3.1 (Instructions) and 3.2 (Timing of Payment) following receipt by the Collateral Account Bank of Instructions for any payment from a Collateral Account.