Common use of Unauthorized Distribution Clause in Contracts

Unauthorized Distribution. Any distribution of funds from the Collections Account that is not in accordance with the terms set forth in Clause 6.3 and Clause 7.3, except for an inadvertent error that is promptly remedied upon the parties becoming aware thereof;

Appears in 2 contracts

Sources: Agreement for the Purchasing and Servicing of Receivables (Smurfit Westrock PLC), Agreement for the Purchasing and Servicing of Receivables (Smurfit Westrock PLC)