Common use of Accumulation Accounts Clause in Contracts

Accumulation Accounts. (i) If, on any Distribution Date, principal would be payable to any class of Reset Rate Notes then structured not to receive a payment of principal until the end of the related Reset Period, principal allocated to that class of Reset Rate Notes pursuant to Section 2.8(f) above will be deposited into the related Accumulation Account. (ii) If any class of Reset Rate Notes is denominated in U.S. Dollars and is structured during the then-current Reset Period not to receive a payment of principal until the end of the related Reset Period, the Administrator shall instruct the Indenture Trustee in writing no later than one Business Day preceding each Distribution Date that is also a Reset Date, to withdraw from the related Accumulation Account on such Distribution Date (after any additional allocations of principal are made to that account on such Distribution Date) the amount (less any Investment Earnings) on deposit in such Accumulation Account and distribute (by 1:00 p.m. (New York time) on the related Distribution Date) such amounts to the related Reset Rate Noteholders as of the immediately current Record Date, pro rata, as a payment of principal as set forth in clause 2.8(f) above. If any class of Reset Rate Notes is in Foreign Exchange Mode and is structured during the then-current Reset Period not to receive a payment of principal until the end of the related Reset Period, the Administrator shall instruct the Indenture Trustee in writing no later than one Business Day preceding each Distribution Date that is also a Reset Date, to withdraw from the related Accumulation Account on such Distribution Date (after any additional allocations of principal are made to that account on such Distribution Date) the amount (less any Investment Earnings) on deposit in such Accumulation Account and deliver such amounts to the related Currency Swap Counterparty or Counterparties in exchange for the amount of the applicable non-U.S. Dollar currency, determined using the exchange rate set forth in the related Swap Agreement, for payment to the related Reset Rate Noteholders as of the immediately preceding Record Date, pro rata, as a payment of principal as set forth in clause 2.8(f) above. Amounts (less any Investment Earnings) on deposit in the related Accumulation Account may be used only to pay principal on the related class of Reset Rate Notes (or to the related Currency Swap Counterparty or Counterparties) and for no other purpose. (iii) In the event that on any Distribution Date the amount (less any Investment Earnings) on deposit for any class of Reset Rate Notes in the related Accumulation Account, including amounts deposited on that Distribution Date, would equal the Outstanding Amount of that class of Reset Rate Notes, then no additional amounts will be deposited into the related Accumulation Account and all amounts therein, less any Investment Earnings, will be distributed on the next related Reset Date, pursuant to Section 2.10(c)(ii) above, and the Outstanding Amount of that class of Reset Rate Notes will be reduced to zero.

Accumulation Accounts. (i) If, on any Distribution Date, principal would be payable to any class of Reset Rate Notes then structured not to receive a payment of principal until the end of the related Reset Period, principal allocated to that class of Reset Rate Notes pursuant to Section 2.8(f) above will be deposited into the related Accumulation Account. (ii) If any class of Reset Rate Notes is denominated in U.S. Dollars and is structured during the then-then current Reset Period not to receive a payment of principal until the end of the related Reset Period, the Administrator shall instruct the Indenture Trustee in writing no later than one Business Day preceding each Distribution Date that is also a Reset Date, to withdraw from the related Accumulation Account on such Distribution Date (after any additional allocations of principal are made to that account on such Distribution Date) the amount (less any Investment Earnings) on deposit in such Accumulation Account and distribute (by 1:00 p.m. (New York time) on the related Distribution Date) such amounts to the related Reset Rate Noteholders as of the immediately current Record Date, pro rata, as a payment of principal as set forth in clause 2.8(f) above. If any class of Reset Rate Notes is in Foreign Exchange Mode and is structured during the then-then current Reset Period not to receive a payment of principal until the end of the related Reset Period, the Administrator shall instruct the Indenture Trustee in writing no later than one Business Day preceding each Distribution Date that is also a Reset Date, to withdraw from the related Accumulation Account on such Distribution Date (after any additional allocations of principal are made to that account on such Distribution Date) the amount (less any Investment Earnings) on deposit in such Accumulation Account and deliver such amounts to the related Currency Swap Counterparty or Counterparties in exchange for the amount of the applicable non-U.S. Dollar currency, determined using the exchange rate set forth in the related Swap Agreement, for payment to the related Reset Rate Noteholders as of the immediately preceding Record Date, pro rata, as a payment of principal as set forth in clause 2.8(f) above. Amounts (less any Investment Earnings) on deposit in the related Accumulation Account may be used only to pay principal on the related class of Reset Rate Notes (or to the related Currency Swap Counterparty or Counterparties) and for no other purpose. (iii) In the event that on any Distribution Date the amount (less any Investment Earnings) on deposit for any class of Reset Rate Notes in the related Accumulation Account, including amounts deposited on that Distribution Date, would equal the Outstanding Amount of that class of Reset Rate Notes, then no additional amounts will be deposited into the related Accumulation Account and all amounts therein, less any Investment Earnings, will be distributed on the next related Reset Date, pursuant to Section 2.10(c)(ii) above, and the Outstanding Amount of that class of Reset Rate Notes will be reduced to zero.

Accumulation Accounts. (i) If, on any Distribution Date, principal would be payable with respect to any class of Reset Rate Notes then structured bearing interest at a fixed rate for which principal on such class is not scheduled to receive a payment of principal be paid until the end of the related Reset Period, any principal amount payable on that Distribution Date will be allocated to that class of Reset Rate Notes pursuant to Section 2.8(f) above will be and deposited into the related Accumulation Account. (ii) If any class of Reset Rate Notes is denominated in U.S. Dollars and is structured Dollars, bears interest at a fixed rate during the then-current Reset Period and principal on such class is not scheduled to receive a payment of principal be paid until the end of the related Reset Period, the Administrator shall instruct the Indenture Trustee in writing no later than one Business Day preceding each Distribution Date that is also a Reset Date, to withdraw from the related Accumulation Account on such Distribution Date (after any additional allocations of principal are made to that account on such Distribution Date) the amount (less any Investment Earnings) on deposit in such Accumulation Account and distribute (by 1:00 p.m. (New York time) on the related Distribution Date) such amounts to the related Reset Rate Noteholders as of the immediately current Record Date, pro rata, as a payment of principal as set forth in clause 2.8(f) above. If any class of Reset Rate Notes is in Foreign Exchange Mode and is structured Mode, bears interest at a fixed rate during the then-current Reset Period and is not structured to receive a payment of principal until the end of the related Reset Period, the Administrator shall instruct the Indenture Trustee in writing no later than one Business Day preceding each Distribution Date that is also a Reset Date, to withdraw from the related Accumulation Account on such Distribution Date (after any additional allocations of principal are made to that account on such Distribution Date) the amount (less any Investment Earnings) on deposit in such Accumulation Account and deliver such amounts to the related Currency Swap Counterparty or Counterparties in exchange for the amount of the applicable non-U.S. Dollar currency, determined using the exchange rate set forth in the related Swap Agreement, for payment to the related Reset Rate Noteholders as of the immediately preceding Record Date, pro rata, as a payment of principal as set forth in clause 2.8(f) above. Amounts (less any Investment Earnings) on deposit in the related Accumulation Account may be used only to pay principal on the related class of Reset Rate Notes (or to the related Currency Swap Counterparty or Counterparties) and for no other purpose. (iii) In the event that on any Distribution Date the amount (less any Investment Earnings) on deposit for any class of Reset Rate Notes in the related Accumulation Account, including amounts deposited on that Distribution Date, would equal the Outstanding Amount of that class of Reset Rate Notes, then no additional amounts will be deposited into the related Accumulation Account and all amounts therein, less any Investment Earnings, will be distributed on the next related Reset Date, pursuant to Section 2.10(c)(ii) above, and the Outstanding Amount of that class of Reset Rate Notes will be reduced to zero.