Payment Date Instructions Clause Samples
The Payment Date Instructions clause specifies the procedures and requirements for determining when and how payments should be made under an agreement. It typically outlines the exact dates on which payments are due, the acceptable methods of payment, and any necessary details such as bank account information or reference numbers. By clearly defining these instructions, the clause helps prevent misunderstandings or disputes regarding payment timing and ensures that both parties are aligned on the process for fulfilling financial obligations.
Payment Date Instructions. Each Valuation Report shall constitute instructions to the Collateral Agent to withdraw on the related Payment Date from the Payment Account and pay or transfer the amounts set forth in such report in the manner specified, and in accordance with the priorities established, in the Priority of Payments.
Payment Date Instructions. Each Valuation Report shall contain instructions to the Trustee to withdraw on the related Payment Date from the Payment Account and pay or transfer the amounts set forth in such report in the manner specified, and in accordance with the priorities established, in Section 11.1 and Article XIII.
Payment Date Instructions. Each Payment Date Report upon approval by the Asset Manager shall be deemed to be instructions to the Collateral Trustee to withdraw on the related Payment Date from the Payment Account and pay or transfer the amounts set forth in such report in the manner specified, and in accordance with the Priority of Payments (the “Payment Date Instructions”).
Payment Date Instructions. The Note Valuation Report shall constitute instructions to the Trustee to withdraw on the related Payment Date from the Payment Account and pay or transfer the amounts set forth in the Note Valuation Report in the manner specified in, and in accordance with the Priority of Payments.
Payment Date Instructions. The Issuer (or the Collateral Advisor on behalf of the Issuer) shall by Issuer Order instruct the Trustee to withdraw on the related Payment Date from the Collection Account, and to pay or transfer, the amounts set forth in such Note Report in the manner specified in, and in accordance with, the Priority of Payments. The Issuer will be deemed to have given such instructions upon the Collateral Advisor’s approval of the Note Report.