Management and Application of Funds. The Guarantor will 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 GDA Account (and/or as applicable, the Standby GDA Account), or (ii) be applied directly in accordance with the applicable Priorities of Payments:
Appears in 2 contracts
Samples: Security Agreement (Scotiabank Covered Bond Guarantor Limited Partnership), Security Agreement (Bank of Nova Scotia /)
Management and Application of Funds. The Guarantor will shall take or cause to be taken such action as may from time to time be necessary on its part to ensure that the GDA Account (and/or, as applicable, the Standby GDA Account) shall from time to time be credited with 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 GDA Account (and/or as applicable, the Standby GDA Account), or (ii) be applied directly in accordance with the applicable Priorities of Paymentscategories:
Appears in 2 contracts
Samples: General Security Agreement (BMO Covered Bond Guarantor Limited Partnership), General Security Agreement
Management and Application of Funds. The Guarantor will 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 be (i) be credited to the GDA Account (and/or and/or, as applicable, the Standby GDA 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. The Guarantor will 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 GDA Account (and/or and/or, as applicable, the Standby GDA Account), or (ii) be applied directly in accordance with the applicable Priorities of Payments:
Appears in 1 contract
Samples: General Security Agreement
