Third Party Amounts. The Cash Manager will withdraw any Third Party Amounts received by the Guarantor and standing to the credit of a Guarantor Account and pay the same to the Seller provided that there are sufficient amounts standing to the credit of the relevant Guarantor Account to meet such payment. Third Party Amounts due to the Seller will be paid by 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 3 contracts
Samples: Management Agreement (BMO Covered Bond Guarantor Limited Partnership), Management Agreement (Bank of Nova Scotia /), Cash Management Agreement
Third Party Amounts. The Cash Manager will shall withdraw any Third Party Amounts received by the Guarantor LLP and standing to the credit of a Guarantor an LLP Account and pay the same to the Seller relevant entity entitled to those Third Party Amounts provided that there are sufficient amounts standing to the credit of the relevant Guarantor LLP Account to meet such payment. Third Party Amounts due to the Seller will shall be paid by wire 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. The Seller will pay such Third Party Amounts to the relevant third party.
Appears in 2 contracts
Samples: Cash Management Agreement, Cash Management Agreement
