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.

Appears in 3 contracts

Samples: Administration Agreement (SLM Student Loan Trust 2005-6), Administration Agreement (SLM Student Loan Trust 2005-5), Administration Agreement (SLM Student Loan Trust 2005-8)

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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.

Appears in 2 contracts

Samples: Administration Agreement (SLM Student Loan Trust 2006-5), Administration Agreement (SLM Student Loan Trust 2005-7)

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