Common use of Use of Ledgers Clause in Contracts

Use of Ledgers. The Current Issuer Cash Manager shall forthwith record monies received or payments made by it on behalf of the Current Issuer in the ledgers in the manner set out in this Agreement. If, at any time, the Current Issuer Cash Manager is in any doubt as to which ledger a particular amount should be credited or debited, it shall consult with the Note Trustee thereon. Except in the case of the Current Issuer Principal Deficiency Ledger, a debit item shall only be made in respect of any of the Current Issuer Ledgers, and the corresponding payment or transfer (if any) may only be made from the Current Issuer Transaction Accounts, to the extent that such entry does not cause the relevant ledger to have a debit balance. In the case of the Current Issuer Principal Deficiency Ledger and each Current Issuer Principal Deficiency Sub Ledger, a credit item shall only be made to the extent that such entry does not cause such ledger to have a credit balance.

Use of Ledgers. The Current Issuer Cash Manager shall forthwith record monies received or payments made by it on behalf of the Current Issuer in the ledgers in the manner set out in this Agreement. If, at any time, the Current Issuer Cash Manager is in any doubt as to which ledger a particular amount should be credited or debited, it shall consult with the Note Trustee thereon. Except in the case of the Current Issuer Principal Deficiency LedgerLedger and except as provided in Clause 2.4.(b) of the Current Issuer Bank Account Agreement, a debit item shall only be made in respect of any of the Current Issuer Ledgers, and the corresponding payment or transfer (if any) may only be made from the Current Issuer Transaction Accounts, to the extent that such entry does not cause the relevant ledger to have a debit balance. In the case of the Current Issuer Principal Deficiency Ledger and each Current Issuer Principal Deficiency Sub Ledger, a credit item shall only be made to the extent that such entry does not cause such ledger to have a credit balance.

Use of Ledgers. The Current Issuer Cash Manager shall forthwith record monies received or payments made by it on behalf of the Current Issuer in the ledgers in the manner set out in this Agreement. If, at any time, the Current Issuer Cash Manager is in any doubt as to which ledger a particular amount should be credited or debited, it shall consult with the Note Trustee thereon. Except in the case of the Current Issuer Principal Deficiency LedgerLedger and except as provided in Clause 2.4(b) of the Current Issuer Bank Account Agreement, a debit item shall only be made in respect of any of the Current Issuer Ledgers, and the corresponding payment or transfer (if any) may only be made from the Current Issuer Transaction Accounts, to the extent that such entry does not cause the relevant ledger to have a debit balance. In the case of the Current Issuer Principal Deficiency Ledger and each Current Issuer Principal Deficiency Sub Ledger, a credit item shall only be made to the extent that such entry does not cause such ledger to have a credit balance.