Common use of Third Party Amounts Clause in Contracts

Third Party Amounts. The Cash Manager shall withdraw any Third Party Amounts (to the extent identified by the Servicer) on a daily basis from the Deposit Account (provided that there are sufficient funds standing to the credit of the Deposit Account to meet such payment) to make payment to the persons entitled thereto except where such payments have already been provided for elsewhere (and shall act upon any instructions from the Servicer in this regard).

Appears in 3 contracts

Samples: Cash Management Agreement, Cash Management Agreement, Cash Management Agreement

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Third Party Amounts. COPY The Cash Manager shall withdraw any Third Party Amounts (to the extent identified by the Servicer) on a daily basis from the Deposit Account (provided that there are sufficient funds standing to the credit of the Deposit Account to meet such payment) to make payment to the persons entitled thereto except where such payments have already been provided for elsewhere (and shall act upon any instructions from the Servicer in this regard).

Appears in 1 contract

Samples: Cash Management Agreement

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