Priority of Payments for Mortgages Trust Available Principal Receipts. The Cash Manager shall (unless the intended recipient of the relevant payment agrees otherwise) on each Distribution Date, withdraw Cash from the Mortgages Trustee GIC Account (to the extent only that such withdrawal does not cause the Mortgages Trustee GIC Account to become overdrawn) in an aggregate amount equal to the Mortgages Trust Available Principal Receipts on each Distribution Date to make the payments in the order of priority set out in clause 11 of the Mortgages Trust Deed.
Priority of Payments for Mortgages Trust Available Principal Receipts. (a) The Cash Manager shall (unless the intended recipient of the relevant payment agrees otherwise) on each Distribution Date, withdraw Cash from the Mortgages Trustee GIC Account (to the extent only that such withdrawal does not cause the Mortgages Trustee GIC Account to become overdrawn) in an aggregate amount equal to the Mortgages Trust Available Principal Receipts (as calculated on the immediately preceding Trust Calculation Date in respect of the immediately preceding Trust Calculation Period) to make the payments in the order of priority set out in clause 11 of the Mortgages Trust Deed.
Priority of Payments for Mortgages Trust Available Principal Receipts. The Cash Manager shall (unless the intended recipient of the relevant payment agrees otherwise) on each Distribution Date, withdraw Cash from the Mortgages Trustee GIC Account (to the extent only that such withdrawal does not cause the Mortgages Trustee GIC Account to become overdrawn) in an aggregate amount equal to the Mortgages Trust Available Principal Receipts on each Distribution Date to make the payments in the order of priority set out in CLAUSE 11 of the Mortgages Trust Deed.
Priority of Payments for Mortgages Trust Available Principal Receipts. The Cash Manager shall (unless the intended recipient of the relevant payment agrees otherwise) on each Distribution Date, withdraw Cash from the Mortgages Trustee GIC Account and/or the Standby Mortgages Trustee Bank Account (to the extent only that such withdrawal does not cause the Mortgages Trustee GIC Account and/or the Standby Mortgages Trustee Bank Account to become overdrawn) in an aggregate amount equal to the Mortgages Trust Available Principal Receipts on each Distribution Date to make the payments in the order of priority set out in clause 14 (Allocation and Distribution of Principal Receipts) of the Mortgages Trust Deed.
