Common use of WITHDRAWALS AND DEPOSITS Clause in Contracts

WITHDRAWALS AND DEPOSITS. 4.1 Subject always to the provisions of the Bank Account Agreement and the Deed of Charge, the Issuer, or the Cash Manager on behalf of the Issuer, may on any Business Day give notice to the GIC Provider that it wishes to withdraw on such date all or part of the GIC Balance from the GIC Account and the GIC Provider shall comply with such notice and pay the amount specified in such notice to the account specified therein, provided that if any such notice is received after 12:00 noon. (London time) on any day it shall be deemed to have been received at the opening of business on the next following Business Day. 4.2 The Issuer may deposit, or procure the deposit of, sums in the GIC Account, to the extent permitted by the terms of the Cash Management Agreement, the Bank Account Agreement and the Deed of Charge, and the GIC Provider agrees to accept and credit to the GIC Account such sums in accordance with the terms hereof.

WITHDRAWALS AND DEPOSITS. 4.1 Subject always to the provisions of the Cash Management Agreement, the Bank Account Agreement and the Deed of ChargeFund Deed, the IssuerFund, or the Cash Manager on behalf of the IssuerFund, may on any Business Day give notice to the GIC Provider that it wishes to withdraw on such date all or part of the GIC Balance from the GIC Account and the GIC Provider shall comply with such notice and pay the amount specified in such notice to the account specified therein, provided that if any such notice is received after 12:00 noon. 12 noon (London Reykjavik time) on any day it shall be deemed to have been received at the opening of business on the next following Business Day. 4.2 The Issuer Fund may deposit, or procure the deposit of, sums in the GIC Account, to the extent permitted by the terms of the Cash Management Agreement, the Bank Account Agreement and the Deed of ChargeFund Deed, and the GIC Provider agrees to accept and credit to the GIC Account such sums in accordance with the terms hereof.

WITHDRAWALS AND DEPOSITS. 4.1 Subject always to the provisions of the Bank Account Agreement and the Deed of Charge, the Issuer, or the Cash Manager on behalf of the Issuer, may on any Business Day give notice to the GIC Provider that it wishes to withdraw on such date all or part of the GIC Balance from the GIC Account and the GIC Provider shall comply with such notice and pay the amount specified in such suc h notice to the account specified therein, provided that if any such notice is received after 12:00 noon. (London time) on any day it shall be deemed to have been received at the opening of business on the next following Business Day. 4.2 The Issuer may deposit, or procure the deposit of, sums in the GIC Account, to the extent permitted by the terms of the Cash Management Agreement, the Bank Account Agreement and the Deed of Charge, and the GIC Provider agrees to accept and credit to the GIC Account such sums in accordance with the terms hereof.