Common use of Third Party Amounts Clause in Contracts

Third Party Amounts. The Guarantor will pay to the Seller all Third Party Amounts actually received by the Guarantor on each Guarantor Payment Date from amounts on deposit in the GDA Account (or, as applicable, the Standby GDA Account). The Seller will pay any amounts to be paid to any third party with respect to such Third Party Amounts.

Appears in 2 contracts

Sources: Mortgage Sale Agreement (Scotiabank Covered Bond Guarantor Limited Partnership), Mortgage Sale Agreement (Bank of Nova Scotia /)