Common use of Signing and Delivery of Mandates Clause in Contracts

Signing and Delivery of Mandates. (a) Funding has delivered to Account Bank A on or prior to the date of this Agreement the Funding Transaction Account Mandate (attached in Schedule 1) in the form duly executed pursuant to this Agreement and relating to the Funding Transaction Account, and Account Bank A hereby confirms to the Security Trustee that the Funding Transaction Account Mandate has been provided to it, that the Funding Transaction Account is open and that the Funding Transaction Account Mandate is operative.

Signing and Delivery of Mandates. (a) Funding 1 has delivered to Account Bank A on or prior to the date of this Agreement the a duly executed Funding 1 Transaction Account Mandate (attached in Schedule 1) respect of the Funding 1 Transaction Account in the form duly executed pursuant to this Agreement and relating to the Funding Transaction Account, set out in Part 1 of Schedule 1 hereto and Account Bank A hereby confirms to the Funding 1 Security Trustee that the Funding 1 Transaction Account Mandate has been provided to it, that the Funding 1 Transaction Account is open and that the Funding 1 Transaction Account Mandate is operative.