Common use of Use of Ledgers Clause in Contracts

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