Common use of Further Accounts Clause in Contracts

Further Accounts. In the event that any further Swap Collateral Accounts are required to be opened by the Issuer, the Issuer shall instruct the Cash Manager to open such Swap Collateral Accounts. If it is determined at such time that such Swap Collateral Accounts will be held with the Swap Collateral Account Bank, then the Issuer shall deliver a Swap Collateral Account Mandate to the Swap Collateral Account Bank relating to each such Swap Collateral Account in accordance with the Issuer's obligations under this Agreement, the Cash Management Agreement and the Deed of Charge.

Appears in 3 contracts

Sources: Swap Collateral Account Bank Agreement, Swap Collateral Bank Account Agreement, Swap Collateral Account Bank Agreement