Common use of Payment Date First Step Withdrawals and Transfers Clause in Contracts

Payment Date First Step Withdrawals and Transfers. Two Business Days prior to each Payment Date, the Cash Manager shall make or direct the Operating Bank in writing to make (such direction to be communicated in computer file format or in such other form as the Cash Manager, the Operating Bank, the Trustees and the Security Trustee agree, provided that, in the case of communication in computer file format or any other form other than a written tangible form, a written tangible form thereof shall promptly thereafter be sent to the Operating Bank), on such Payment Date, the following withdrawals from and transfers to the Accounts in each case as specified in a Written Notice of the Cash Manager to the Trustee, the Security Trustee and the Operating Bank (and, in the case of clauses (c) and (d) below, such direction shall be based on information provided by the Administrative Agent in a Written Notice to the Cash Manager specifying the amounts for such clauses);