Common use of WITHDRAWALS AND DEPOSITS Clause in Contracts

WITHDRAWALS AND DEPOSITS. 4.1 Subject always to the provisions of the Cash Management Agreement, the Standby Bank Account Agreement and the Security Agreement, the Guarantor LP (or the Cash Manager on its behalf) may on any Business Day give notice to the Standby GIC Provider that it wishes to withdraw on such date all or part of the Standby GIC Balance from the Standby GIC Account and the Standby GIC Provider shall comply with such notice and pay the amount specified in such notice to the account specified therein, provided that if any such notice is received after 12 noon (Toronto Time) on any day it shall be deemed to have been received at the opening of business on the next following Business Day.

WITHDRAWALS AND DEPOSITS. 4.1 Subject always to the provisions of the Cash Management Agreement, the Standby Bank Account Agreement and the Security Agreement, the Guarantor LP (or the Cash Manager on its behalf) may on any Business Day give notice to the Standby GIC Provider that it wishes to withdraw on such date all or part of the Standby GIC Balance from the Standby GIC Account. Subject to the provisions of the Standby Bank Account and Agreement, the Standby GIC Provider shall comply with such notice and pay the amount specified in such notice to the account specified therein, provided that if any such notice is received after 12 noon (Toronto Timetime) on any day it shall be deemed to have been received at the opening of business on the next following Business Day.