Instructions for Payment. Any Officer’s Certificate and Proper Instruction given to the Collateral Agent for payment out of the Collateral Accounts pursuant to this Agreement, including the Payment Calculation Report, shall set forth on the face thereof the specific amounts of the allocations, payments, amounts, deposits, transfers or withdrawals addressed therein and such other information as shall be sufficient to enable the Collateral Agent to carry out the instruction and take the related actions in accordance with this Agreement. The Collateral Agent shall promptly comply with any such Proper Instruction made in accordance with the provisions of this Agreement.
Appears in 2 contracts
Sources: Master Investment and Credit Agreement, Master Investment and Credit Agreement (American International Group Inc)
Instructions for Payment. Any Officer’s Certificate and Proper Instruction given to the Collateral Agent for payment out of the Collateral Accounts Account pursuant to this Agreement, including the Payment Calculation Report, shall set forth on the face thereof the specific amounts of the allocations, payments, amounts, deposits, transfers or withdrawals addressed therein and such other information as shall be sufficient to enable the Collateral Agent to carry out the instruction and take the related actions in accordance with this Agreement. The Collateral Agent shall promptly comply with any such Proper Instruction made in accordance with the provisions of this Agreement.
Appears in 1 contract
Sources: Security and Intercreditor Agreement