Account Mandate definition
Examples of Account Mandate in a sentence
The GIC Provider acknowledges that the GIC Account Mandate shall be subject to the terms of the Deed of Charge, the Guaranteed Investment Contract and this Agreement.
The Account Bank acknowledges that the Transaction Account Mandate and any other mandates delivered from time to time pursuant to the terms hereof shall be subject to the terms of the Deed of Charge and this Agreement.
In the case of the Transaction Account, the Issuer has delivered to the Account Bank prior to the Closing Date the duly executed Transaction Account Mandate in the form set out in Schedule 1 (Form of Transaction Account Mandate) and relating to the Transaction Account, and the Account Bank hereby confirms to the Security Trustee that the Transaction Account Mandate has been provided to it, that the Transaction Account is open and that the Transaction Account Mandate is operative.
The Cash Manager shall, prior to seeking any amendments to the Transaction Account Mandate and/or the GIC Account Mandate which would require the consent of the Security Trustee in accordance with this Clause 5.3, confirm to the Account Bank or the GIC Provider as applicable, whether the consent of the Security Trustee has been obtained.
In the case of the GIC Account, the Issuer confirms that it has delivered to the GIC Provider prior to the Closing Date the duly executed GIC Account Mandate in or substantially in the form set out in Schedule 2 (Form of GIC Account Mandate) and relating to the GIC Account, and the GIC Provider hereby confirms to the Security Trustee that the GIC Account Mandate has been provided to it, that the GIC Account is open and that the GIC Account Mandate is operative.