Management and Application of Funds. The Guarantor shall take or cause to be taken such action as may from time to time be necessary on its part to ensure that all amounts received by the Guarantor and falling within any of the following categories shall from time to time either (i) be credited to the GIC Account (and/or, as applicable, the Standby GIC Account), or (ii) be applied directly in accordance with the applicable Priorities of Payments:
Appears in 4 contracts
Samples: General Security Agreement, General Security Agreement, General Security Agreement
Management and Application of Funds. The Guarantor LP shall take or cause to be taken such action as may from time to time be necessary on its part to ensure that all amounts received by the Guarantor and falling within any of the following categories shall from time to time either (i) be credited to the GIC Account (and/or, as applicable, the Standby GIC Account), or (ii) shall from time to time be applied directly in accordance credited with all amounts received by the applicable Priorities Guarantor LP and falling within any of Paymentsthe following categories:
Appears in 2 contracts
Samples: General Security Agreement (RBC Covered Bond Guarantor Limited Partnership), General Security Agreement (RBC Covered Bond Guarantor Limited Partnership)
Management and Application of Funds. The Guarantor shall take or cause to be taken such action as may from time to time be necessary on its part to ensure that all amounts received by the Guarantor and falling within any of the following categories shall from time to time either (i) be credited to the GIC Account (and/or, as applicable, the Standby GIC Account), or (ii) be applied directly in accordance with the applicable Priorities of Payments:
Appears in 1 contract
Samples: General Security Agreement
Management and Application of Funds. β The Guarantor LP shall take or cause to be taken such action as may from time to time be necessary on its part to ensure that all amounts received by the Guarantor and falling within any of the following categories shall from time to time either (i) be credited to the GIC Account (and/or, as applicable, the Standby GIC Account), or (ii) shall from time to time be applied directly in accordance credited with all amounts received by the applicable Priorities Guarantor LP and falling within any of Paymentsthe following categories:
Appears in 1 contract
Samples: General Security Agreement
