Common use of Euro Account Clause in Contracts

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.

Appears in 2 contracts

Samples: Administration Agreement (SLM Funding LLC), Administration Agreement (SLM Funding LLC)

AutoNDA by SimpleDocs

Euro Account. (i) The Trust shall establish on the Closing Date and shall maintain a Euro Account for any class of the Class A-5 Notes and the Reset Rate Notes during any Reset Period when the Reset Rate Notes are denominated in Euros (including each the initial Reset Period) when any class of Reset Rate Notes is denominated in Euros).

Appears in 1 contract

Samples: Administration Agreement (SLM Funding LLC)

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 the initial Reset PeriodPeriod for the Class A-8 Notes) when any class of Reset Rate Notes is denominated in Euros.

Appears in 1 contract

Samples: Administration Agreement (SLM Funding LLC)

AutoNDA by SimpleDocs

Euro Account. (i) The Trust shall establish on On the Closing Date Date, with respect to the Class A-6 Notes and shall maintain a Euro Account the Class A-7A Notes for any class of Reset Rate Notes during any Reset Period (including each their initial Reset Period) , and on each Reset Date when any class of Reset Rate Notes is reset to be denominated in EurosEuros during the next Reset Period, the Trust shall establish and maintain a Euro Account for the related Reset Rate Note.

Appears in 1 contract

Samples: Administration Agreement (SLM Student Loan Trust 2005-9)

Time is Money Join Law Insider Premium to draft better contracts faster.