Common use of Payment Date Instructions Clause in Contracts

Payment Date Instructions. The Issuer (or the Collateral Advisor on behalf of the Issuer) shall by Issuer Order instruct the Collateral Agent to withdraw on the related Payment Date from the Collection Account, and to pay or transfer, the amounts set forth in such Note Valuation Report in the manner specified in, and in accordance with, the Priority of Payments. The Issuer will be deemed to have given such instructions upon the Collateral Advisor’s approval of the Note Valuation Report.

Payment Date Instructions. The Issuer (or the Collateral Advisor on behalf of the Issuer) shall by Issuer Order instruct the Collateral Agent Trustee to withdraw on the related Payment Date from the Collection Account, and to pay or transfer, the amounts set forth in such Note Valuation Report in the manner specified in, and in accordance with, the Priority of Payments. The Issuer will be deemed to have given such instructions upon the Collateral Advisor’s approval of the Note Valuation Report.