No Negative Balance. Notwithstanding the provisions of Section 2.1, amounts shall only be withdrawn from any Guarantor Account to the extent that such withdrawal does not cause the relevant Guarantor Account to have a negative balance.
Appears in 10 contracts
Samples: Standby Bank Account Agreement, Standby Bank Account Agreement, Bank Account Agreement
No Negative Balance. Notwithstanding the provisions of Section 2.1, amounts shall only be withdrawn from any Guarantor LP Account to the extent that such withdrawal does not cause the relevant Guarantor LP Account to have a negative balance.
Appears in 6 contracts
Samples: Standby Bank Account Agreement (RBC Covered Bond Guarantor Limited Partnership), Standby Bank Account Agreement, Standby Bank Account Agreement (RBC Covered Bond Guarantor Limited Partnership)
No Negative Balance. Notwithstanding the provisions of Section 2.1, amounts shall only be withdrawn paid or withdrawn, as the case may be, from any Guarantor Account to the extent that such payment or withdrawal does not cause the relevant Guarantor Account to have a negative balance.
Appears in 4 contracts
Samples: Standby Bank Account Agreement, Standby Account Agreement, Standby Bank Account Agreement
No Negative Balance. Notwithstanding the provisions of Section 2.1, amounts shall only be withdrawn from any Guarantor Account held with the Account Bank to the extent that such withdrawal does not cause the relevant Guarantor Account to have a negative balance.
Appears in 2 contracts
Samples: Bank Account Agreement (BMO Covered Bond Guarantor Limited Partnership), Bank Account Agreement
No Negative Balance. Notwithstanding the provisions of Section 2.1, amounts shall only be withdrawn from any Guarantor Account to the extent that such withdrawal does not cause the relevant Guarantor Account to have a negative balance.
Appears in 2 contracts
Samples: Standby Bank Account Agreement, Bank Account Agreement
No Negative Balance. Notwithstanding the provisions of Section 2.1, amounts shall only be withdrawn from any Guarantor Account to the extent that such withdrawal does not cause the relevant Guarantor Account to have a zero or negative balance.
Appears in 1 contract
Samples: Bank Account Agreement
No Negative Balance. Notwithstanding the provisions of Section 2.1, amounts shall only be withdrawn paid or withdrawn, as the case may be, from any Guarantor Account to the extent that such payment or withdrawal does not cause the relevant Guarantor Account to have a negative balance.
Appears in 1 contract
Samples: Standby Bank Account Agreement
No Negative Balance. Notwithstanding the provisions of Section 2.12.1 (Instructions from the Cash Manager), amounts shall will only be withdrawn from any Guarantor Account to the extent that such withdrawal does not cause the relevant Guarantor Account to have a negative balance.
Appears in 1 contract
Samples: Standby Bank Account Agreement (Bank of Nova Scotia /)
No Negative Balance. Notwithstanding the provisions of Section 2.12.1 (Instructions from the Cash Manager), amounts shall will only be withdrawn from any Guarantor Account held with the Account Bank to the extent that such withdrawal does not cause the relevant Guarantor Account to have a negative balance.
Appears in 1 contract
