Common use of Payment Date Second Step Withdrawals Clause in Contracts

Payment Date Second Step Withdrawals. Subject to Section 2.04(d)(vi) hereof, on each Payment Date, after the withdrawals and transfers provided for in Section 2.04(d)(iv) hereof have been made, the Administrative Agent shall distribute funds on deposit in the Collections Account and the Expense Account as provided in Section 3.08(a) of the Indenture; provided, that any such direct funds transfer shall have been authorized on or prior to the date thereof by the Administrative Agent in the form of a certificate, substantially in the form of Exhibit A hereto, delivered to and acknowledged by the Trustee.