Common use of Instructions from the Cash Manager Clause in Contracts

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 (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) 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. (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 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. (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 (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) 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. (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 Ac c ount 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 to which an instruction relates and (ii) by reason of strike, computer failure, power pow er cut or other matters beyond its control) on the relevant date.