Common use of Payment Date Second Step Withdrawals Clause in Contracts

Payment Date Second Step Withdrawals. Subject to Section 2.06(h) hereof, on each Payment Date, after the withdrawals and transfers provided for in Section 2.06(f) hereof have been made, the Cash Manager shall or shall instruct, in writing, the Trustee or the Security Trustee, as the case may be, to distribute funds on deposit in the Collection Account and the Expense Account as provided in Section 3.08 of the Indenture; provided, that any such direct funds transfer shall have been authorized on or prior to the date thereof by the Cash Manager in the form of a certificate, substantially in the form of Exhibit A hereto, delivered to and acknowledged by the Trustee.

Payment Date Second Step Withdrawals. Subject to Section 2.06(h2.06(g) hereof, on each Payment Date, after the withdrawals and transfers provided for in Section 2.06(f2.06(e) hereof have been made, the Cash Manager Security Trustee shall or shall instruct, in writing, the Trustee or the Security Trustee, as the case may be, to distribute funds on deposit in the Collection Account and the Expense Account as provided in Section 3.08 3.08(a) of each Indenture, as calculated by the IndentureCash Manager; provided, provided that any such direct funds transfer shall have been authorized on or prior to the date thereof by the Cash Manager in the form of a certificate, substantially in the form of Exhibit A hereto, delivered to and acknowledged by the Trustee.Indenture Trustees.‌