Euro Account. (i) On each Reset Date when the Reset Rate Notes are to be reset to be denominated in Euros during the next Reset Period, the Trust shall establish and maintain a Euro Account for the Reset Rate.
(ii) Any payments in Euros received from any Currency Swap Counterparty will be deposited into the Euro Account for the benefit of the Reset Rate Noteholders during any Reset Period when the Reset Rate Notes are denominated in Euros.
(iii) No later than the Business Day preceding each Distribution Date, the Administrator shall instruct the London Paying Agent in writing to distribute all amounts on deposit in the Euro Account during any Reset Period when the Reset Rate Notes are denominated in Euros, to the Reset Rate Noteholders by 1:00 p.m. (New York time) on the related Distribution Date; provided, however, that with respect to any Distribution Date that coincides with a Reset Date for such class, the Administrator will instruct the London Paying Agent to distribute the amounts in the Euro Account to the Reset Rate Noteholders by 1:00 p.m. (New York time) on the second Business Day following such Distribution Date. If the related Swap Agreement is not in effect, the Administrator, on behalf of the Trust, shall convert, or shall instruct the Indenture Trustee to convert, U.S. Dollars into Euros in amounts sufficient to make the distributions specified in this Agreement and the Indenture.
Euro Account. On the Closing Date, with respect to the Class A-4B Notes, the Trust shall establish and maintain a Euro Account for the Class A-4B Notes.
(i) Any payments in Euros received from the Currency Swap Counterparty will be deposited into the Euro Account for the benefit of the Class A-4B Noteholders.
(ii) No later than the Business Day preceding each Distribution Date, the Administrator shall instruct the Luxembourg Paying Agent in writing to distribute all amounts on deposit in the Euro Account, to the Class A-4B Noteholders by 1:00 p.m. (New York time) on the related Distribution Date. If the Currency Swap Agreement is not in effect, the Administrator, on behalf of the Trust, shall convert, or shall instruct the Indenture Trustee to convert, U.S. Dollars into Euros in amounts sufficient to make the distributions specified in this Agreement and the Indenture
Euro Account. (i) The Trust shall establish on the Closing Date and shall maintain a Euro Account for any class of Reset Rate Notes during any Reset Period (including each initial Reset Period) when any class of Reset Rate Notes is denominated in Euros.
(ii) Any payments in Euros received from any Currency Swap Counterparty will be deposited into the Euro Account for the benefit of the related Reset Rate Noteholders during any Reset Period when any class of Reset Rate Notes is denominated in Euros.
(iii) No later than the Business Day preceding each Distribution Date, the Administrator shall instruct the London Paying Agent in writing to distribute all amounts on deposit in the Euro Account during any Reset Period when any class of Reset Rate Notes is denominated in Euros, to the related Reset Rate Noteholders by 1:00 p.m. (New York time) on the related Distribution Date; provided, however, that with respect to any Distribution Date that coincides with a Reset Date for such class, the Administrator will instruct the London Paying Agent to distribute the amounts in the Euro Account to the related Reset Rate Noteholders by 1:00 p.m. (New York time) on the second Business Day following such Distribution Date. If the related Swap Agreement is not in effect, the Administrator shall cause U.S. Dollars to be converted into Euros in amounts sufficient to make the distributions specified in this Agreement and the Indenture.
Euro Account. The Issuer must direct the Euro Currency Swap Provider to pay all amounts denominated in (euro) payable to the Issuer by the Euro Currency Swap Provider under the Euro Currency Swap into the Euro Account or to the Principal Paying Agent on behalf of the Issuer. On each Quarterly Payment Date, the Issuer must, on the direction of the Manager, or must require that the Principal Paying Agent on its behalf, distribute from the Euro Account the relevant amounts of principal and interest due in respect of each Class A[ ] Note in accordance with the Note Trust Deed and in the order of priority in Conditions 4(g) and 5(b).
Euro Account. (i) The Trust shall establish on the Closing Date and shall maintain a Euro Account for the Class A-5 Notes and the Reset Rate Notes during any Reset Period when the Reset Rate Notes are denominated in Euros (including the initial Reset Period).
(ii) Any payments in Euros received from the Class A-5 Swap Counterparty and any Class A-6 Currency Swap Counterparty will be deposited into the Euro Account for the benefit of the Class A-5 Noteholders or the Reset Rate Noteholders during any Reset Period when the Reset Rate Notes are denominated in Euros.
(iii) No later than the Business Day preceding each Distribution Date, the Administrator shall instruct the London Paying Agent in writing no later than the Business Day preceding each Distribution Date to distribute all amounts on deposit in the Euro Account to the Class A-5 Noteholders and, during any Reset Period when the Reset Rate Notes are denominated in Euros, the Reset Rate Noteholders by 1:00 p.m. (New York time) on the related Distribution Date; provided, however, that with respect to any Distribution Date that coincides with a Reset Date when the Reset Rate Notes are then in Foreign Exchange Mode, the Administrator will instruct the London Paying Agent to distribute the amounts in the Euro Account to the related Reset Rate Noteholders by 1:00 p.m. (New York time) on the second Business Day following such Distribution Date. If the related Swap Agreement is not in effect, the Administrator shall cause U.S. Dollars to be converted into Euros in amounts sufficient to make the distributions specified in this Agreement and the Indenture.
Euro Account. On the Closing Date, with respect to the Class A-4 Notes, the Trust shall establish and maintain a Euro Account for the Class A-4 Notes.
i. Any payments in Euros received from the Currency Swap Counterparty will be deposited into the Euro Account for the benefit of the Class A-4 Noteholders.
ii. No later than the Business Day preceding each Distribution Date, the Administrator shall instruct the Luxembourg Paying Agent in writing to distribute all amounts on deposit in the Euro Account, to the Class A-4 Noteholders by 1:00 p.m. (New York time) on the related Distribution Date. If the Currency Swap Agreement is not in effect, the Administrator, on behalf of the Trust, shall convert, or shall instruct the Indenture Trustee to convert, U.S. Dollars into Euros in amounts sufficient to make the distributions specified in this Agreement and the Indenture.
Euro Account. The Borrower may only deposit amounts into the Euro Account by way of transfer from the Operating Account pursuant to clause (b)(v). On the terms and subject to the conditions of this Agreement (including Clauses 4.4(b), 4.4(e) and 4.4(i)), the Borrower may only instruct the Project Account Bank (Offshore) to disburse funds from the Euro Account (i) for transfer to the Operating Account or (ii) for payment (including by transfer to the Project Account (Mali)) of BONA FIDE Project Costs (excluding, however, Project Costs of the nature referred to in clauses (b)(iii) and
Euro Account. The Issuer shall direct the Currency Swap Provider to pay all amounts denominated in (euro) payable to the Issuer by the Currency Swap Provider under the Currency Swap into the Euro Account or to the Principal Paying Agent under the Agency Agreement on behalf of the Issuer. If any of the Issuer, the Manager or the Servicer receives any amount denominated in (euro) from the Currency Swap Provider under a Currency Swap, they will promptly pay that amount to the credit of the Euro Account. The Issuer shall, on the direction of the Manager, or shall require that the Paying Agent on its behalf, pay all amounts credited to the Euro Account by the Currency Swap Provider as specified in clause 5.18 of the Supplementary Terms Notice, and in accordance with the Note Trust Deed and the Agency Agreement. -------------------------------------------------------------------------------- Page 108 + Note Trust Deed Allens Arthur Robinsxx --------------------------------------------------------------------------------
Euro Account. A. On the Closing Date with respect to the Class A-5B Notes, and on each Reset Date when any class of Reset Rate Notes is then denominated in Euros, the Trust shall establish or maintain an Euro Account for such class of Reset Rate Notes.
B. Any payments in Euros received from any Cross-Currency Swap Counterparty will be deposited in the related Euro Account for the benefit of the related class of Reset Rate Noteholders.
Euro Account. The Issuer shall direct the Currency Swap Provider to pay all amounts denominated in (euro) payable to the Issuer by the Currency Swap Provider under the Currency Swap into the Euro Account or to the Principal Paying Agent under the Agency Agreement on behalf of the Issuer.
