Common use of Instructions from the Cash Manager Clause in Contracts

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(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. (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(a3.1 (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.