THE TRANSACTION ACCOUNT AND THE GIC ACCOUNT Sample Clauses

THE TRANSACTION ACCOUNT AND THE GIC ACCOUNT. 3.1 Instructions from the Cash Manager Subject to Clauses 3.4 (No Negative Balance) and 7.5 (Consequences of a Note Acceleration Notice), the Account Bank shall comply with any direction of the Cash Manager (or the Security Trustee, as the case may be) given on a Business Day to effect a payment by debiting any one of the Bank Accounts and any additional or replacement bank accounts opened in the name of the Issuer held with the Account Bank if such direction (a) is in writing or is given by the internet banking service or electronic banking service provided by the Account Bank and (b) otherwise complies with, as appropriate, the Transaction Account Mandate or the GIC Account Mandate (as applicable) or in the case of an electronic instruction, the relevant procedures of the Account Bank applicable from time to time (such direction shall constitute an irrevocable payment instruction).
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