Common use of Third Party Amounts Clause in Contracts

Third Party Amounts. The Cash Manager shall withdraw any Third Party Amounts received by the LLP and standing to the credit of an LLP Account and pay the same to the relevant entity entitled to those Third Party Amounts provided that there are sufficient amounts standing to the credit of the relevant LLP Account to meet such payment. Third Party Amounts due to the Seller shall be paid by telegraphic transfer to such account as may be specified by the Seller from time to time, promptly following a request for such withdrawal being received from the Seller.

Appears in 2 contracts

Sources: Cash Management Agreement, Cash Management Agreement

Third Party Amounts. The Cash Manager shall will withdraw any Third Party Amounts received by the LLP Guarantor and standing to the credit of an LLP a Guarantor Account and pay the same to the relevant entity entitled to those Third Party Amounts Seller provided that there are sufficient amounts standing to the credit of the relevant LLP Guarantor Account to meet such payment. Third Party Amounts due to the Seller shall will be paid by telegraphic wire transfer to such account as may be specified by the Seller from time to time, promptly following a request for such withdrawal being received from the Seller. The Seller will pay such Third Party Amounts to the relevant third party.

Appears in 2 contracts

Sources: Cash Management Agreement (BMO Covered Bond Guarantor Limited Partnership), Cash Management Agreement (Bank of Nova Scotia /)

Third Party Amounts. The Cash Manager shall will withdraw any Third Party Amounts received by the LLP Guarantor and standing to the credit of an LLP a Guarantor Account and pay the same to the relevant entity entitled to those Third Party Amounts Seller provided that there are sufficient amounts standing to the credit of the relevant LLP Guarantor Account to meet such payment. Third Party Amounts due to the Seller shall will be paid by telegraphic wire transfer to such account as may be specified by the Seller from time to time, promptly following a request for such withdrawal being received from the Seller. The Seller will pay such Third Party Amounts to the relevant third party. 6.1 Computations‌

Appears in 1 contract

Sources: Cash Management Agreement