Restriction on Account Bank’s Rights Sample Clauses

Restriction on Account Bank’s Rights. Notwithstanding anything to the contrary in the Mandates, each of (i) Account Bank A (in respect of the Funding Transaction Account) and (ii) Account Bank B (in respect of the Mortgages Trustee GIC Account and the Funding GIC Account) hereby: (a) waives any right it has or may hereafter acquire to combine, consolidate or merge the Funding Transaction Account and/or the Funding GIC Account and/or the Mortgages Trustee GIC Account (as applicable) with any other account of the Cash Manager, the Mortgages Trustee, Funding, the Seller, the Security Trustee or any other person or any liabilities of the Cash Manager, the Mortgages Trustee, Funding, the Seller, the Security Trustee or any other person to it; (b) agrees that it may not exercise any lien or, to the extent permitted by law, any set-off or transfer any sum standing to the credit of or to be credited to the Funding Transaction Account and/or the Funding GIC Account and/or the Mortgages Trustee GIC Account (as applicable) in or towards satisfaction of any liabilities to it of the Cash Manager, the Mortgages Trustee, Funding, the Seller, the Security Trustee or any other person; (c) agrees that it will not take, and shall not take, any steps whatsoever to recover any amount due or owing to it pursuant to this Agreement or any other debts whatsoever owing to it by the Mortgages Trustee or Funding, or procure the winding-up or liquidation of the Mortgages Trustee or Funding or the making of an administration order in relation to the Mortgages Trustee or Funding in respect of any of the liabilities of the Mortgages Trustee or Funding whatsoever; (d) agrees that it shall have recourse only to sums paid to or received by (or on behalf of) the Mortgages Trustee or Funding pursuant to this Agreement, the Mortgage Sale Agreement, the Mortgages Trust Deed, the Intercompany Loan Agreements, the Funding Swap Agreement or any other document entered into by the Mortgages Trustee and Funding in relation to the Intercompany Loans or the Loans; (e) agrees that it will notify: (i) the Cash Manager, Funding and the Security Trustee if compliance with any instruction would cause the Funding Transaction Account to have a negative balance; (ii) the Cash Manager, Funding and the Security Trustee if compliance with any instruction would cause the Funding GIC Account to have a negative balance; and (iii) the Cash Manager, the Mortgages Trustee and the Security Trustee if compliance with any instruction would cause the Mortgages...

Restriction on Account Bank’s Rights. Notwithstanding anything to the contrary in the Mandate, the Account Bank hereby: (a) waives any right it has or may hereafter acquire to combine, consolidate or merge the GIC Account held with it with any other account of the Cash Manager, the Fund, the Issuer, the Representative or any other person or any liabilities of the Cash Manager, the Fund, the Issuer, the Seller, the Representative or any other person to it; (b) agrees that it may not exercise any lien or, to the extent permitted by law, any set-off or transfer any sum standing to the credit of or to be credited to the GIC Account held with it in or towards satisfaction of any liabilities to it of the Cash Manager, the Fund, the Issuer, the Representative or any other person owing to it; (c) agrees that it will not take, and shall not take, any steps whatsoever to recover any amount due or owing to it pursuant to this Agreement or any other debts whatsoever owing to it by the Fund, or procure the winding-up or liquidation of the Fund in respect of any of the liabilities of the Fund; (d) agrees that it shall have recourse only to sums paid to or received by (or on behalf of) the Fund pursuant to the Transaction Documents; and (e) agrees that it will notify the Cash Manager, the Fund and the Representative if compliance with any instruction would cause the GIC Account held with it to which such instruction relates to have a negative balance, such notification to be given on the same Business Day that it determines that compliance with such instruction would cause any such account to have a negative balance.

Restriction on Account Bank’s Rights. Notwithstanding anything to the contrary in the Mandates, the Account Bank hereby: (a) agrees that, in its capacity as Account Bank, it will not exercise any lien or, to the extent permitted by law, any set-off or transfer any sum standing to the credit of or to be credited to any of the Guarantor Accounts maintained with the Account Bank in or towards satisfaction of any liabilities owing to it by any person (including, without limitation, any liabilities owing to it by the Guarantor or the Bond Trustee); (b) without prejudice to its rights and obligations as a Secured Creditor under the Security Agreement, agrees that it will not, solely in its capacity as Account Bank, procure, or take any steps whatsoever to recover any amount due or owing to it pursuant to this Agreement which could result in, the winding-up or liquidation of the Guarantor or any of its general partners or the making of an administration order in relation to the Guarantor or any of its general partners in respect of any of the liabilities of the Guarantor whatsoever; (c) agrees that it will promptly notify the Guarantor, the Bond Trustee and the Cash Manager if compliance with any instruction would cause the relevant Guarantor Account(s) to which such instruction relates to have a negative balance; and (d) acknowledges that the Guarantor has, pursuant to the Security Agreement, inter alia, assigned by way of security all its rights, title, interest and benefit, present and future, in and to, all sums from time to time standing to the credit of the Guarantor Accounts and all of its rights under this Agreement to the Bond Trustee (for itself and on behalf of the Secured Creditors).