Role of Account Bank Sample Clauses

Role of Account Bank. 7.1 For the avoidance of doubt, notwithstanding any instructions from the Issuer, the Security Trustee or otherwise, the Account Bank shall only be required to make payments from any of the Accounts to the extent that funds are standing to the credit of the respective Account and the Account Bank shall not be required to make any payment from such Account where such payment would place the respective Account in debit. The Account Bank shall not incur any liability for any non-distribution in circumstances where there are insufficient funds standing to the credit of the Accounts.
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Role of Account Bank. 7.1 For the avoidance of doubt, notwithstanding any instructions from the Issuer, the Security Trustee or otherwise, the Account Bank shall only be required to make payments from any of the Accounts to the extent that funds are standing to the credit of the respective Account and the Account Bank shall not be required to make any payment from such Account where such payment would place the respective Account in debit.
Role of Account Bank 

Related to Role of Account Bank

  • Bank Account Payments shall be made to the Contractor’s bank account denominated in euro, identified as follows: Name of bank: [complete] Address of branch in full: [complete] Exact designation of account holder: [complete] Full account number including codes: [complete] [IBAN code: [complete]]

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