Payment Date Second Step Withdrawals. On each Payment Date, after the withdrawals and transfers provided for in Section 3.08 of the Indenture have been made at the direction of the Cash Manager (except as permitted in clause (F) below) the Cash Manager shall direct the Operating Bank to distribute funds on deposit in the Collections Account as provided in Section 3.09(a) of the Indenture and shall make such certifications to the Trustee as may be required hereunder in connection therewith.
Appears in 2 contracts
Sources: Cash Management Agreement (Genesis Lease LTD), Cash Management Agreement (Babcock & Brown Air LTD)