Third Party Amounts definition
Examples of Third Party Amounts in a sentence
Pursuant to the Cash Management Agreement, the Cash Manager (at the direction of the Mortgages Trustee on behalf of the Beneficiaries at their direction and with their consent) will deduct, as and when identified, Third Party Amounts from the Revenue Receipts standing to the credit of the Mortgages Trustee GIC Account, and pay over the same to the proper recipients thereof.
Pursuant to the Cash Management Agreement, the Cash Manager (at the direction of the Mortgages Trustee acting on behalf of the Beneficiaries at their direction and with their consent which is hereby given) will deduct, as and when identified, Third Party Amounts from the Revenue Receipts standing to the credit of the Mortgages Trustee GIC Account or other Mortgages Trustee Bank Account, and pay over the same to the proper recipients thereof.
The Cash Manager shall withdraw any Third Party Amounts (to the extent identified) on a daily basis from the GIC Account (provided that there are sufficient funds standing to the credit of the GIC Account to meet such payment) to make payment to the persons entitled thereto except where such payments have already been provided for elsewhere.
The Cash Manager shall hold any Third Party Amounts received by the Guarantor for the Seller and transfer the same to the account and/or for the use of the entity entitled to such Third Party Amounts.
For the avoidance of doubt, the Cash Manager shall not record the receipt or withdrawal of Third Party Amounts in any of the ledgers maintained under this Agreement.
The Cash Manager shall hold any Third Party Amounts received by the Guarantor LP for the Seller and transfer the same to the account and/or for the use of the entity entitled to such Third Party Amounts.
The Seller will pay such Third Party Amounts to the relevant third party.
Third Party Amounts due to the Seller will be paid by wire transfer to such account as may be specified by the Seller from time to time, promptly following a request for such withdrawal being received from the Seller.
The Cash Manager will withdraw any Third Party Amounts received by the Guarantor and standing to the credit of a Guarantor Account and pay the same to the Seller provided that there are sufficient amounts standing to the credit of the relevant Guarantor Account to meet such payment.
The Cash Manager shall withdraw any Third Party Amounts due to the Seller and pay the same to the Seller, by telegraphic or electronic transfer to such account as may be specified by the Seller from time to time, promptly following a request for such withdrawal being received from the Seller.