Common use of Derivatives Agreements Clause in Contracts

Derivatives Agreements. (a) On or prior to the Closing Date, the Issuer shall enter into a Class A Derivatives Agreement with the Class A Counterparty, a Class M Derivatives Agreement with the Class M Counterparty, [a Class B Derivatives Agreement with the Class B Counterparty][,][and] [a Class C Derivatives Agreement with the Class C Counterparty] [and a Class D Derivatives Agreement with the Class D Counterparty] for the benefit of the Class A Noteholders, the Class M Noteholders, [the Class B Noteholders][,][and] [the Class C Noteholders] [and the Class D Noteholders], respectively. The aggregate notional amount under the Class A Derivatives Agreement shall, at any time, be equal to the Class A Note Principal Balance at such time. The aggregate notional amount under the Class M Derivatives Agreement shall, at any time, be equal to the Class M Note Principal Balance at such time. [The aggregate notional amount under the Class B Derivatives Agreement shall, at any time, be equal to the Class B Note Principal Balance at such time.] [The aggregate notional amount under the Class C Derivatives Agreement shall, at any time, be equal to the Class C Note Principal Balance.] [The aggregate notional amount under the Class D Derivatives Agreement shall, at any time, be equal to the Class D Note Principal Balance.] Net Derivatives Receipts payable by the Class A Counterparty, the Class M Counterparty, [the Class B Counterparty][,][or] [the Class C Counterparty] [or the Class D Counterparty] shall be deposited by the Indenture Trustee in the Collection Account on the day received and treated as Available Finance Charge Collections. On any Distribution Date when there shall be a Class A Net Derivatives Payment, such Class A Net Derivatives Payment shall be paid as provided in subsection 4.4(a)(i). On any Distribution Date when there shall be a Class M Net Derivatives Payment, such Class M Net Derivatives Payment shall be paid as provided in subsection 4.4(a)(ii). [On any Distribution Date when there shall be a Class B Net Derivatives Payment, such Class B Net Derivatives Payment shall be paid as provided in subsection 4.4(a)(iii).] [On any Distribution Date when there shall be a Class C Net Derivatives Payment, such Class C Net Derivatives Payment shall be paid as provided in subsection 4.4(a)(v).] [On any Distribution Date when there shall be a Class D Net Derivatives Payment, such Class D Net Derivatives Payment shall be paid as provided in subsection 4.4(a)(vi).] On any Distribution Date when there shall be early termination payments or any other miscellaneous payments payable by the Issuer to the Counterparties, such amounts shall be paid as provided in subsection 4.4(a)(xiv).

Derivatives Agreements. (a) On or prior to the Closing Date, the Issuer shall enter into a Class A Derivatives Agreement with the Class A Counterparty, a Class M Derivatives Agreement with the Class M Counterparty, [a Class B Derivatives Agreement with the Class B Counterparty][,][andCounterparty[,][and] [a Class C Derivatives Agreement with the Class C Counterparty] Counterparty [and a Class D Derivatives Agreement with the Class D Counterparty] for the benefit of the Class A Noteholders, the Class M Noteholders, [the Class B Noteholders][,][andNoteholders[,][and] [the Class C Noteholders] Noteholders [and the Class D Noteholders], respectively. The aggregate notional amount under the Class A Derivatives Agreement shall, at any time, be equal to the Class A Note Principal Balance at such time. The aggregate notional amount under the Class M Derivatives Agreement shall, at any time, be equal to the Class M Note Principal Balance at such time. [The aggregate notional amount under the Class B Derivatives Agreement shall, at any time, be equal to the Class B Note Principal Balance at such time.] [. The aggregate notional amount under the Class C Derivatives Agreement shall, at any time, be equal to the Class C Note Principal Balance.] . [The aggregate notional amount under the Class D Derivatives Agreement shall, at any time, be equal to the Class D Note Principal Balance.] Net Derivatives Receipts payable by the Class A Counterparty, the Class M Counterparty, [the Class B Counterparty][,][orCounterparty[,][or] [the Class C Counterparty] Counterparty [or the Class D Counterparty] shall be deposited by the Indenture Trustee in the Collection Account on the day received and treated as Available Finance Charge Collections. On any Distribution Date when there shall be a Class A Net Derivatives Payment, such Class A Net Derivatives Payment shall be paid as provided in subsection 4.4(a)(i). On any Distribution Date when there shall be a Class M Net Derivatives Payment, such Class M Net Derivatives Payment shall be paid as provided in subsection 4.4(a)(ii). [On any Distribution Date when there shall be a Class B Net Derivatives Payment, such Class B Net Derivatives Payment shall be paid as provided in subsection 4.4(a)(iii).] [. On any Distribution Date when there shall be a Class C Net Derivatives Payment, such Class C Net Derivatives Payment shall be paid as provided in subsection 4.4(a)(v).] . [On any Distribution Date when there shall be a Class D Net Derivatives Payment, such Class D Net Derivatives Payment shall be paid as provided in subsection 4.4(a)(vi).] On any Distribution Date when there shall be early termination payments or any other miscellaneous payments payable by the Issuer to the Counterparties, such amounts shall be paid as provided in subsection 4.4(a)(xiv).

Derivatives Agreements. (a) [On or prior to the Closing Date, the Issuer shall enter into a Class A Derivatives Agreement with the Class A Counterparty, a Class M Derivatives Agreement with the Class M Counterparty, [a Class B Derivatives Agreement with the Class B Counterparty][,][and] [Counterparty, a Class C Derivatives Agreement with the Class C Counterparty] [Counterparty and a Class D Derivatives Agreement with the Class D Counterparty] Counterparty for the benefit of the Class A Noteholders, the Class M B Noteholders, [the Class B Noteholders][,][and] [the Class C Noteholders] [Noteholders and the Class D Noteholders], respectively. The aggregate notional amount under the Class A Derivatives Agreement shall, at any time, be equal to the Class A Note Principal Balance at such time. The aggregate notional amount under the Class M Derivatives Agreement shall, at any time, be equal to the Class M Note Principal Balance at such time. [The aggregate notional amount under the Class B Derivatives Agreement shall, at any time, be equal to the Class B Note Principal Balance at such time.] [. The aggregate notional amount under the Class C Derivatives Agreement shall, at any time, be equal to the Class C Note Principal Balance.] [. The aggregate notional amount under the Class D Derivatives Agreement shall, at any time, be equal to the Class D Note Principal Balance.] Net Derivatives Receipts payable by . The Issuer shall cause the Class A Counterparty, the Class M B Counterparty, [the Class B Counterparty][,][or] [the Class C Counterparty] [Counterparty or the Class D Counterparty] shall be deposited by the Indenture Trustee Counterparty to deposit Net Derivatives Receipts payable in the Collection Account on the day received and treated as Available Finance Charge CollectionsAccount. On any Distribution Payment Date when there shall be a Class A Net Derivatives Payment, the Issuer shall pay such Class A Net Derivatives Payment shall be paid as provided subject to the priority of payments set forth in subsection 4.4(a)(iSection 4.4(a)(iii). On any Distribution Date when there shall be a Class M Net Derivatives Payment, such Class M Net Derivatives Payment shall be paid as provided in subsection 4.4(a)(ii). [On any Distribution Date when there shall be a Class B Net Derivatives Payment, the Issuer shall pay such Class B Net Derivatives Payment shall be paid as provided subject to the priority of payments set forth in subsection 4.4(a)(iiiSection 4.4(a)(iv).] [. On any Distribution Payment Date when there shall be a Class C Net Derivatives Payment, the Issuer shall pay such Class C Net Derivatives Payment shall be paid as provided subject to the priority of payments set forth in subsection Section 4.4(a)(v).] [. On any Distribution Payment Date when there shall be a Class D Net Derivatives Payment, the Issuer shall pay such Class D Net Derivatives Payment shall be paid as provided subject to the priority of payments set forth in subsection Section 4.4(a)(vi).] . On any Distribution Payment Date when there shall be early termination payments or any other miscellaneous payments payable by the Issuer to the Counterparties, the Issuer shall pay such amounts shall be paid as provided subject to the priority of payments set forth in subsection 4.4(a)(xivSection 4.4(a)(xii).]