Common use of Euro Account Clause in Contracts

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. (i) On each Reset Date when the any class of Reset Rate Notes are to be is reset to be denominated in Euros during the next Reset Period, the Trust shall establish and maintain a Euro Account for the related 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 related Reset Rate Noteholders during any Reset Period when the any class of Reset Rate Notes are 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 the any class of Reset Rate Notes are 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, 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) On each Reset Date when the Reset Rate Notes are to be reset to be denominated in Euros during the next Reset Period, the 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 the initial Reset RatePeriod for the Class A-8 Notes) 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 the any class of Reset Rate Notes are 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 the any class of Reset Rate Notes are 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, on behalf of the Trust, Administrator shall convert, or shall instruct the Indenture Trustee to convert, cause U.S. Dollars to be converted into Euros in amounts sufficient to make the distributions specified in this Agreement and the Indenture.