Common use of Instructions from the Cash Manager Clause in Contracts

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. The Swap Collateral Account Bank shall comply with the instructions Instructions described in Clauses 3.1 (Instructions from the Cash ManagerInstructions) and 3.2 (Timing of Payment) above and shall effect the payments specified in such instructions 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 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 ManagerInstructions) and 3.2 (Timing of Payment) following receipt by the Swap Collateral Account Bank of instructions Instructions for any payment from the Swap Collateral Account.