Reserve Ledger. The Cash Manager shall ensure that: (a) any amounts (or part thereof) borrowed by the Guarantor under the Intercompany Loan Agreement that are specifically required to be credited to the Reserve Fund, shall be credited to the Reserve Ledger; (b) amounts shall be credited to the Reserve Ledger in accordance with the Pre- Acceleration Revenue Priority of Payments; and (c) amounts shall be debited to the Reserve Ledger on each Guarantor Payment Date in order to be applied in accordance with the Pre-Acceleration Revenue Priority of Payments or, as applicable, the Guarantee Priority of Payments.
Appears in 7 contracts
Samples: Cash Management Agreement, Cash Management Agreement, Cash Management Agreement
Reserve Ledger. The Cash Manager shall ensure that:
(a) any amounts (or part thereof) borrowed by the Guarantor LP under the Intercompany Loan Agreement that are specifically required to be credited to the Reserve Fund, shall be credited to the Reserve Ledger;; and
(b) amounts shall be credited to the Reserve Ledger in accordance with the Pre- Pre-Acceleration Revenue Priority of Payments; and
(c) amounts shall be debited to the Reserve Ledger on each Guarantor LP Payment Date in order to be applied in accordance with the Pre-Acceleration Revenue Priority of Payments or, as applicable, the Guarantee Priority of Payments.
Appears in 3 contracts
Samples: Cash Management Agreement, Cash Management Agreement (RBC Covered Bond Guarantor Limited Partnership), Cash Management Agreement (RBC Covered Bond Guarantor Limited Partnership)
Reserve Ledger. The Cash Manager shall ensure that:
(a) any amounts (or part thereof) borrowed by the Guarantor under the Intercompany Loan Agreement that are specifically required to be credited to the Reserve Fund, shall be credited to the Reserve Ledger;; and
(b) amounts shall be credited to the Reserve Ledger in accordance with the Pre- Pre-Acceleration Revenue Priority of Payments; and
(c) amounts shall be debited to the Reserve Ledger on each Guarantor Payment Date in order to be applied in accordance with the Pre-Acceleration Revenue Priority of Payments or, as applicable, the Guarantee Priority of Payments.
Appears in 3 contracts
Samples: Cash Management Agreement, Cash Management Agreement (BMO Covered Bond Guarantor Limited Partnership), Cash Management Agreement (Bank of Nova Scotia /)
Reserve Ledger. The Cash Manager shall ensure that:
(a) any amounts (or part thereof) borrowed by the Guarantor LP under the Intercompany Loan Agreement that are specifically required to be credited to the Reserve Fund, shall be credited to the Reserve Ledger;; and
(b) amounts shall be credited to the Reserve Ledger in accordance with the Pre- Acceleration Pre‑Acceleration Revenue Priority of Payments; and
(c) amounts shall be debited to the Reserve Ledger on each Guarantor LP Payment Date in order to be applied in accordance with the Pre-Acceleration Pre‑Acceleration Revenue Priority of Payments or, as applicable, the Guarantee Priority of Payments.
Appears in 1 contract
Samples: Cash Management Agreement (RBC Covered Bond Guarantor Limited Partnership)
Reserve Ledger. The Cash Manager shall ensure that:
(a) any amounts (or part thereof) borrowed by the Guarantor under the Intercompany Loan Agreement that are specifically required to be credited to the Reserve Fund, shall be credited to the Reserve Ledger;; and
(b) amounts shall be credited to the Reserve Ledger in accordance with the Pre- Acceleration Revenue Priority of Payments; and
(c) amounts shall be debited to the Reserve Ledger on each Guarantor Payment Date in order to be applied in accordance with the Pre-Acceleration Revenue Priority of Payments or, as applicable, the Guarantee Priority of Payments.
Appears in 1 contract
Samples: Cash Management Agreement
