Common use of Amounts Owed to Derivative Counterparties Clause in Contracts

Amounts Owed to Derivative Counterparties. If a Tranche of Outstanding SynchronySeries Dollar Notes or SynchronySeries Foreign Currency Notes that has a Performing or non-Performing Derivative Agreement for interest provides for a payment to the applicable Derivative Counterparty, the deposit targeted for such Tranche of SynchronySeries Notes with respect to such Monthly Period to be deposited on the applicable Transfer Date with respect to any payment to the Derivative Counterparty will be specified in the applicable Terms Document for such Tranche of SynchronySeries Notes.

Amounts Owed to Derivative Counterparties. If a Tranche of Outstanding SynchronySeries Dollar Notes or SynchronySeries Foreign Currency Notes that has a Performing or non-Performing Derivative Agreement for interest principal that provides for a payment to the applicable Derivative Counterparty, the deposit targeted for such Tranche of SynchronySeries Notes with respect to such Monthly Period to be deposited on the applicable each Transfer Date with respect to any payment to the Derivative Counterparty will be specified in the applicable related Terms Document for such Tranche of SynchronySeries NotesDocument.