Common use of Issuer Ledgers Clause in Contracts

Issuer Ledgers. (a) The Issuer Cash Manager shall open and maintain in the books of the Issuer the following ledgers: (i) the Issuer Revenue Ledger, which shall record all Issuer Revenue Receipts standing to the credit of the Issuer Transaction Accounts from time to time and a sub-ledger in respect of each Series and Class of Notes which shall record interest received in respect of the Loan Tranches funded by each such Series and Class of Notes; (ii) the Issuer Principal Xxxxxx, which shall record all Issuer Principal Receipts standing to the credit of the Issuer Transaction Accounts from time to time and a sub-ledger in respect of each Series and Class of Notes which shall record principal repayments in respect of the Loan Tranche funded by each such Series and Class of Notes; (iii) the Issuer Swap Collateral Ledger (which shall comprise of such sub-ledgers as the Issuer Cash Manager considers appropriate), to record all payments, transfers and receipts in connection with Swap Collateral, including, without limitation: (A) the receipt of any Swap Collateral by the Issuer from the Issuer Swap Providers; (B) the receipt of any income or distributions in respect of such Swap Collateral; (C) the payment or transfer of all, or any part of, such Swap Collateral to the relevant Issuer Swap Provider; and (D) the payment or transfer of all, or any part of, such Swap Collateral to the relevant Issuer Accounts, provided that the Issuer Swap Collateral Ledger (and sub-ledgers) shall only be established in the event that any Issuer Swap Provider pays or transfers Swap Collateral to the Issuer in accordance with the relevant Issuer Swap Agreement; and (iv) the Issuer Note Ledger, which shall be divided into segregated sub-ledgers each of which shall record payments made under each Series and Class of Notes (each of which shall be further divided into sub-ledgers to record payments of interest and fees and repayments and prepayments of principal made under such Series and Class of Notes). (b) The Issuer Cash Manager shall make credits and debits to the Issuer Ledgers in accordance with the provisions of paragraphs 5 to 9 of Schedule 2 hereto.

Issuer Ledgers. (a) The Issuer Cash Manager shall open and maintain in the books of the Issuer the following ledgers: (i) the Issuer Revenue Ledger, which shall record all Issuer Revenue Receipts standing to the credit of the Issuer Transaction Accounts Account from time to time and a sub-ledger in respect of each Series and Class of Notes which shall record interest received in respect of the Loan Tranches funded by each such Series and Class of Notestime; (ii) the Issuer Principal XxxxxxLedger, which shall record all Issuer Principal Receipts standing to the credit of the Issuer Transaction Accounts Account from time to time and a sub-ledger in respect of each Series and Class of Notes which shall record principal repayments in respect of the Loan Tranche funded by each such Series and Class of Notestime; (iii) the Issuer Swap Collateral Ledger (which shall comprise of such sub-ledgers as the Issuer Cash Manager considers appropriate), to record all payments, transfers and receipts in connection with Swap Collateral, including, without limitation: (A) the receipt of any Swap Collateral by the Issuer from the Issuer Swap Providers; (B) the receipt of any income or distributions in respect of such Swap Collateral; (C) the payment or transfer of all, or any part of, such Swap Collateral to the relevant Issuer Swap Provider; and (D) the payment or transfer of all, or any part of, such Swap Collateral to the relevant Issuer Accounts, provided that the Issuer Swap Collateral Ledger (and sub-ledgers) shall only be established in the event that any Issuer Swap Provider pays or transfers Swap Collateral to the Issuer in accordance with the relevant Issuer Swap Agreement; and (iv) the Issuer Note Ledger, which shall be divided into segregated sub-ledgers each of which shall record payments made under each Series and Class of Notes (each of which shall be further divided into sub-ledgers to record payments of interest and fees and repayments and prepayments of principal made under such Series and Class of Notes); (iv) the Issuer Principal Deficiency Ledger, which records: (A) on each Trust Calculation Date the principal losses allocated by Funding 1 to the Issuer Intercompany Loan; (B) on each Funding 1 Interest Payment Date, the application of Issuer Principal Receipts in accordance with item (b) of the Issuer Pre-Acceleration Principal Priority of Payments to fund the Issuer Liquidity Reserve Ledger (if required); and (C) on each Funding 1 Interest Payment Date, the application of Issuer Principal Receipts to meet any deficiency in Issuer Revenue Receipts, and which shall comprise, on the Closing Date, the two sub-ledgers known as the Class A Notes Principal Deficiency Sub-Ledger and the Class Z Notes Principal Deficiency Sub-Ledger; (v) the Issuer Reserve Ledger, which, from time to time, shall record all amounts standing to the credit of the Issuer Reserve Fund from: (A) a portion of the proceeds of the Issuer Start-up Loan on the Closing Date; (B) other amounts standing to the credit of the Issuer Reserve Fund (but not to exceed the Issuer Reserve Fund Required Amount); and (C) any subsequent withdrawals and deposit in respect of the Issuer Reserve Fund; and (vi) (if the Issuer Liquidity Reserve Fund is established), the Issuer Liquidity Reserve Ledger, which shall record all amounts standing to the credit of the Issuer Liquidity Reserve Fund from Issuer Principal Receipts and Issuer Revenue Receipts up to the Issuer Liquidity Reserve Fund Required Amount and withdrawals and deposits made under the Issuer Liquidity Reserve Fund from time to time. (b) The Issuer Cash Manager shall make credits and debits to the Issuer Ledgers in accordance with the provisions of paragraphs 5 7 to 9 11 of Schedule 2 hereto.

Issuer Ledgers. (a) The Issuer Cash Manager shall open and maintain in the books of the Master Issuer the following ledgers: (i) the Issuer Revenue Ledger, which shall record all Issuer Revenue Receipts standing to the credit of the Issuer Transaction Accounts from time to time and a the following sub-ledger ledgers: (A) the Issuer Expense Sub-Ledger, which shall record all Issuer Revenue Receipts to be applied in the payment of or provision for certain expenses of the Master Issuer; and (B) the Issuer Note Revenue Sub-Ledger, which shall be further divided into separate sub-sub-ledgers in respect of each Series and Class of Issuer Notes which shall to separately record the Issuer Revenue Receipts allocated and to be applied in payment of or provision for interest received and other amounts (other than principal) due in respect of the Loan Tranches funded by each such Series and Class of Issuer Notes; (ii) the Issuer Principal XxxxxxLedger, which shall record all Issuer Principal Receipts standing to the credit of the Issuer Transaction Accounts from time to time and a the Issuer Note Principal Sub-Ledger, which shall be further divided into separate sub-ledger sub-ledgers in respect of each Series and Class of Issuer Notes which shall to separately record the Issuer Principal Receipts allocated and to be applied in repayment of principal repayments due in respect of the Loan Tranche funded by each such Series and Class of Issuer Notes;; and (iii) the Issuer Reserve Ledger, which shall record the amount credited to the Issuer Reserve Fund from time to time and subsequent withdrawals and deposits in respect of the Issuer Reserve Fund; and (iv) the Issuer Swap Collateral Ledger Ledger, (which shall comprise of such sub-ledgers as the Issuer Cash Manager considers appropriate), ) to record all payments, transfers and receipts in connection with Swap Collateral, including, without limitation: (A) the receipt of any Swap Collateral by the Master Issuer from the Issuer Swap Providers; (B) the receipt of any income or distributions in respect of such Swap Collateral; (C) the payment or transfer of all, or any part of, such Swap Collateral to the relevant Issuer Swap Provider; and (D) the payment or transfer of all, or any part of, such Swap Collateral to the relevant Issuer Transaction Accounts, provided that the Issuer Swap Collateral Ledger (and sub-ledgers) shall only be established in the event that any Issuer Swap Provider pays or transfers Swap Collateral to the Master Issuer in accordance with the relevant Issuer Swap Agreement; and (iv) the Issuer Note Ledger, which shall be divided into segregated sub-ledgers each of which shall record payments made under each Series and Class of Notes (each of which shall be further divided into sub-ledgers to record payments of interest and fees and repayments and prepayments of principal made under such Series and Class of Notes). (b) The Issuer Cash Manager shall make credits and debits to the Issuer Ledgers in accordance with the provisions of paragraphs 5 to 9 3, 4, 5, 6, 7, 8 and 10 of Schedule 2 hereto.

Issuer Ledgers. (a) The Issuer Cash Manager shall open and maintain in the books of the Issuer the following ledgers: (i) the Issuer Revenue Ledger, which shall record all Issuer Revenue Receipts standing to the credit of the Issuer Transaction Accounts Account from time to time and a sub-ledger in respect of each Series and Class of Notes which shall record interest received in respect of the Loan Tranches funded by each such Series and Class of Notestime; (ii) the Issuer Principal XxxxxxLedger, which shall record all Issuer Principal Receipts standing to the credit of the Issuer Transaction Accounts Account from time to time and a time; (iii) the Issuer Note Ledger, which shall be divided into segregated sub-ledger in respect ledgers each of which shall record payments made under each Series and Class of Notes (each of which shall be further divided into sub-ledgers to record payments of interest and fees and repayments and prepayments of principal repayments made under such Class of Notes); (iv) the Issuer Principal Deficiency Ledger, which records: (A) on each Trust Calculation Date the principal losses allocated by Funding 1 to the Issuer Intercompany Loan; (B) on each Funding 1 Interest Payment Date, the application of Issuer Principal Receipts in accordance with item (b) of the Issuer Pre-Acceleration Principal Priority of Payments to fund the Issuer Liquidity Reserve Ledger (if required); and (C) on each Funding 1 Interest Payment Date, the application of Issuer Principal Receipts to meet any deficiency in Issuer Revenue Receipts, and which shall comprise, on the Closing Date, the two sub-ledgers known as the Class A Notes Principal Deficiency Sub-Ledger and the Class Z Notes Principal Deficiency Sub-Ledger; (v) the Issuer Reserve Ledger, which, from time to time, shall record all amounts standing to the credit of the Issuer Reserve Fund from: (A) a portion of the proceeds of the Issuer Start-up Loan on the Closing Date; (B) other amounts standing to the credit of the Issuer Reserve Fund (but not to exceed the Issuer Reserve Fund Required Amount); and (C) any subsequent withdrawals and deposit in respect of the Loan Tranche funded by each such Series and Class of NotesIssuer Reserve Fund; (iiivi) (if the Issuer Liquidity Reserve Fund is established), the Issuer Liquidity Reserve Ledger, which shall record all amounts standing to the credit of the Issuer Liquidity Reserve Fund from Issuer Principal Receipts and Issuer Revenue Receipts up to the Issuer Liquidity Reserve Fund Required Amount and withdrawals and deposits made under the Issuer Liquidity Reserve Fund from time to time; and (vii) the Issuer Swap Collateral Ledger (which shall comprise of such sub-ledgers as the Issuer Cash Manager considers appropriate), to record all payments, transfers and receipts in connection with any Swap Collateral, including, without limitation: (A) the receipt of any Swap Collateral by the Issuer from the any Issuer Swap ProvidersProvider; (B) the receipt of any income or distributions in respect of such Swap Collateral; (C) the payment or transfer of all, all or any part of, of such Swap Collateral to the relevant Issuer Swap Provider; and (D) the payment or transfer of all, all or any part of, of such Swap Collateral to the relevant Issuer Accounts, provided that the Issuer Swap Collateral Ledger (and sub-ledgers) shall only be established in the event that any the relevant Issuer Swap Provider pays or transfers Swap Collateral to the Issuer in accordance with the relevant Issuer Swap Agreement; and (iv) Agreement and the Issuer Note Ledger, which shall be divided into segregated sub-ledgers each of which shall record payments made under each Series and Class of Notes (each of which shall be further divided into sub-ledgers to record payments of interest and fees and repayments and prepayments of principal made under such Series and Class of Notes)Bank Account Agreement. (b) The Issuer Cash Manager shall make credits and debits to the Issuer Ledgers in accordance with the provisions of paragraphs 5 to 9 11 of Schedule 2 hereto.

Issuer Ledgers. (a) The Issuer Cash Manager shall open and maintain in the books of the Issuer the following ledgers: (i) the Issuer Revenue Ledger, which shall record all Issuer Revenue Receipts [(which shall exclude any fees to be paid by Funding 2 on each Funding 2 Interest Payment Date under the terms of the [Master] Intercompany Loan Agreement)] standing to the credit of the Issuer Transaction Accounts from time to time and a sub-ledger in respect of each Series and Class of Notes which shall record interest received in respect of the Loan Tranches funded by each such Series and Class of Notes; (ii) the Issuer Principal XxxxxxLedger, which shall record all Issuer Principal Receipts standing to the credit of the Issuer Transaction Accounts from time to time and a sub-ledger in respect of each Series and Class of Notes which shall record principal repayments in respect of the Loan Tranche funded by each such Series and Class of Notes;; and (iii) [the Issuer Swap Collateral Ledger (which shall comprise of such sub-ledgers as the Issuer Cash Manager considers appropriate), to record all payments, transfers and receipts in connection with Swap Collateral, including, without limitation: (A) the receipt of any Swap Collateral by the Issuer from the Issuer Swap Providers; (B) the receipt of any income or distributions in respect of such Swap Collateral; (C) the payment or transfer of all, or any part of, such Swap Collateral to the relevant Issuer Swap Provider; and (D) the payment or transfer of all, or any part of, such Swap Collateral to the relevant Issuer Accounts, provided that the Issuer Swap Collateral Ledger (and sub-ledgers) shall only be established in the event that any Issuer Swap Provider pays or transfers Swap Collateral to the Issuer in accordance with the relevant Issuer Swap Agreement; ;] (iv) [the Issuer Expense Ledge, which shall record payments of fees received from Funding 2 under the [Master] Intercompany Loan;] and (ivv) the Issuer Note Ledger, which shall be divided into segregated sub-ledgers each of which shall record payments made under each Series and Class of Notes (each of which shall be further divided into sub-ledgers to record payments of interest and fees and repayments and prepayments of principal made under such the applicable Series and Class of Notes). (b) The Issuer Cash Manager shall make credits and debits to the Issuer Ledgers in accordance with the provisions of paragraphs 5 [5] to 9 [9] of Schedule 2 hereto.

Issuer Ledgers. (a) The Issuer Cash Manager shall open and maintain in the books of the Master Issuer the following ledgers: (i) the Issuer Revenue Ledger, which shall record all Issuer Revenue Receipts standing to the credit of the Issuer Transaction Accounts from time to time and a sub-ledger in respect of each Series and Class of Issuer Notes which shall record interest received in respect of the Loan Tranches funded by each such Series and Class of Issuer Notes; (ii) the Issuer Principal XxxxxxLedger, which shall record all Issuer Principal Receipts standing to the credit of the Issuer Transaction Accounts from time to time and a sub-ledger in respect of each Series and Class of Issuer Notes which shall record principal repayments in respect of the Loan Tranche funded by each such Series and Class of Issuer Notes;; and (iii) the Issuer Reserve Ledger, which shall record the amount credited to the Issuer Reserve Fund from time to time and subsequent withdrawals and deposits in respect of the Issuer Reserve Fund; and (iv) the Issuer Swap Collateral Ledger Ledger, (which shall comprise of such sub-ledgers as the Issuer Cash Manager considers appropriate), ) to record all payments, transfers and receipts in connection with Swap Collateral, including, without limitation: (A) the receipt of any Swap Collateral by the Master Issuer from the Issuer Swap Providers; (B) the receipt of any income or distributions in respect of such Swap Collateral; (C) the payment or transfer of all, or any part of, such Swap Collateral to the relevant Issuer Swap Provider; and (D) the payment or transfer of all, or any part of, such Swap Collateral to the relevant Issuer Transaction Accounts, provided that the Issuer Swap Collateral Ledger (and sub-ledgers) shall only be established in the event that any Issuer Swap Provider pays or transfers Swap Collateral to the Master Issuer in accordance with the relevant Issuer Swap Agreement; and (ivv) the Issuer Note Ledger, which shall be divided into segregated sub-ledgers each of which shall record payments made under each Series and Class of Issuer Notes (each of which shall be further divided into sub-ledgers to record payments of interest and fees and repayments and prepayments of principal made under such the applicable Series and Class of Issuer Notes). (b) The Issuer Cash Manager shall make credits and debits to the Issuer Ledgers in accordance with the provisions of paragraphs 5 to 9 5, 6, 7, 8, 10 and 11 of Schedule 2 hereto.

Issuer Ledgers. (a) The Issuer Cash Manager shall open and maintain in the books of the Master Issuer the following ledgers: (i) the Issuer Revenue Ledger, which shall record all Issuer Revenue Receipts standing to the credit of the Issuer Transaction Accounts Account from time to time and a sub-ledger in respect of each Class of Issuer Notes which shall record interest received in respect of the related Tier of Loan Tranches; (ii) the Issuer Principal Ledger, which shall record all Issuer Principal Receipts standing to the credit of the Issuer Transaction Account from time to time and a sub-ledger in respect of each Series and Class of Notes which shall record interest received in respect of the Loan Tranches funded by each such Series and Class of Notes; (ii) the Issuer Principal Xxxxxx, which shall record all Issuer Principal Receipts standing to the credit of the Issuer Transaction Accounts from time to time and a sub-ledger in respect of each Series and Class of Notes which shall record principal repayments in respect of the related Loan Tranche funded by each such Series and Class of Notes;Tranche; and (iii) the Issuer Reserve Ledger, which shall record the amount credited to the Issuer Reserve Fund from time to time and subsequent withdrawals and deposits in respect of the Issuer Reserve Fund; and (iv) the Issuer Swap Collateral Ledger Ledger, (which shall comprise of such sub-ledgers as the Issuer Cash Manager considers appropriate), ) to record all payments, transfers and receipts in connection with Swap Collateral, including, without limitation: (A) the receipt of any Swap Collateral by the Master Issuer from the Issuer Swap Providers; (B) the receipt of any income or distributions in respect of such Swap Collateral; (C) the payment or transfer of all, or any part of, such Swap Collateral to the relevant Issuer Swap Provider; and (D) the payment or transfer of all, or any part of, such Swap Collateral to the relevant Issuer AccountsTransaction Account, provided that the Issuer Swap Collateral Ledger (and sub-ledgers) shall only be established in the event that any Issuer Swap Provider pays or transfers Swap Collateral to the Master Issuer in accordance with the relevant Issuer Swap Agreement; and (ivv) the Issuer Note Ledger, which shall be divided into segregated sub-ledgers each of which shall record payments made under each Series and Class of Issuer Notes (each of which shall be further divided into sub-ledgers to record payments of interest and fees and repayments and prepayments of principal made under such the applicable Series and Class of Issuer Notes). (b) The Issuer Cash Manager shall make credits and debits to the Issuer Ledgers in accordance with the provisions of paragraphs 5 to 9 5, 6, 7, 8, 10 and 11 of Schedule 2 hereto.

Issuer Ledgers. (a) The Issuer Cash Manager shall open and maintain in the books of the Issuer the following ledgers: (i) the Issuer Revenue Ledger, which shall record all Issuer Revenue Receipts standing to the credit of the Issuer Transaction Accounts Account from time to time and a sub-ledger in respect of each Series and Class of Notes which shall record interest received in respect of the Loan Tranches funded by each such Series and Class of Notestime; (ii) the Issuer Principal XxxxxxLedger, which shall record all Issuer Principal Receipts standing to the credit of the Issuer Transaction Accounts Account from time to time and a time; (iii) the Issuer Note Ledger, which shall be divided into segregated sub-ledger in respect ledgers each of which shall record payments made under each Series and Class of Notes (each of which shall be further divided into sub-ledgers to record payments of interest and fees and repayments and prepayments of principal repayments made under such Class of Notes); (iv) the Issuer Principal Deficiency Ledger, which records: (A) on each Trust Calculation Date the principal losses allocated by Funding 1 to the Issuer Intercompany Loan; (B) on each Funding 1 Interest Payment Date, the application of Issuer Principal Receipts in accordance with item (b) of the Issuer Pre-Acceleration Principal Priority of Payments to fund the Issuer Liquidity Reserve Ledger (if required); and (C) on each Funding 1 Interest Payment Date, the application of Issuer Principal Receipts to meet any deficiency in Issuer Revenue Receipts, and which shall comprise, on the Closing Date, the two sub-ledgers known as the Class A Notes Principal Deficiency Sub-Ledger and the Class Z Notes Principal Deficiency Sub-Ledger; (v) the Issuer Reserve Ledger, which, from time to time, shall record all amounts standing to the credit of the Issuer Reserve Fund from: (A) a portion of the proceeds of the Issuer Start-up Loan on the Closing Date; (B) other amounts standing to the credit of the Issuer Reserve Fund (but not to exceed the Issuer Reserve Fund Required Amount); and (C) any subsequent withdrawals and deposit in respect of the Loan Tranche funded by each such Series and Class of NotesIssuer Reserve Fund; (iiivi) (if the Issuer Liquidity Reserve Fund is established), the Issuer Liquidity Reserve Ledger, which shall record all amounts standing to the credit of the Issuer Liquidity Reserve Fund from Issuer Principal Receipts and Issuer Revenue Receipts up to the Issuer Liquidity Reserve Fund Required Amount and withdrawals and deposits made under the Issuer Liquidity Reserve Fund from time to time; and (vii) the Issuer Swap Collateral Ledger (which shall comprise of such sub-ledgers as the Issuer Cash Manager considers appropriate), to record all payments, transfers and receipts in connection with any Swap Collateral, including, without limitation: (A) the receipt of any Swap Collateral by the Issuer from the any Issuer Swap ProvidersProvider; (B) the receipt of any income or distributions in respect of such Swap Collateral; (C) the payment or transfer of all, all or any part of, of such Swap Collateral to the relevant Issuer Swap Provider; and (D) the payment or transfer of all, all or any part of, of such Swap Collateral to the relevant Issuer Accounts, provided that the Issuer Swap Collateral Ledger (and sub-ledgers) shall only be established in the event that any the relevant Issuer Swap Provider pays or transfers Swap Collateral to the Issuer in accordance with the relevant Issuer Swap Agreement; and (iv) Agreement and the Issuer Note Ledger, which shall be divided into segregated sub-ledgers each of which shall record payments made under each Series and Class of Notes (each of which shall be further divided into sub-ledgers to record payments of interest and fees and repayments and prepayments of principal made under such Series and Class of Notes)Bank Account Agreement. (b) The Issuer Cash Manager shall make credits and debits to the Issuer Ledgers in accordance with the provisions of paragraphs 5 to 9 11 of Schedule 2 (Cash Management and Maintenance of Ledgers) hereto.

Issuer Ledgers. (a) The Issuer Cash Manager shall open and maintain in the books of the Issuer the following ledgers: (i) the Issuer Revenue Ledger, which shall record all Issuer Revenue Receipts standing to the credit of the Issuer Transaction Accounts from time to time and a sub-ledger in respect of each Series and Class of Notes which shall record interest received in respect of the Loan Tranches funded by each such Series and Class of Notes; (ii) the Issuer Principal XxxxxxLedger, which shall record all Issuer Principal Receipts standing to the credit of the Issuer Transaction Accounts from time to time and a sub-ledger in respect of each Series and Class of Notes which shall record principal repayments in respect of the Loan Tranche funded by each such Series and Class of Notes; (iii) the Issuer Swap Collateral Ledger (which shall comprise of such sub-ledgers as the Issuer Cash Manager considers appropriate), to record all payments, transfers and receipts in connection with Swap Collateral, including, without limitation: (A) the receipt of any Swap Collateral by the Issuer from the Issuer Swap Providers; (B) the receipt of any income or distributions in respect of such Swap Collateral; (C) the payment or transfer of all, or any part of, such Swap Collateral to the relevant Issuer Swap Provider; and (D) the payment or transfer of all, or any part of, such Swap Collateral to the relevant Issuer Accounts, provided that the Issuer Swap Collateral Ledger (and sub-ledgers) shall only be established in the event that any Issuer Swap Provider pays or transfers Swap Collateral to the Issuer in accordance with the relevant Issuer Swap Agreement; and (iv) the Issuer Note Ledger, which shall be divided into segregated sub-ledgers each of which shall record payments made under each Series and Class of Notes (each of which shall be further divided into sub-ledgers to record payments of interest and fees and repayments and prepayments of principal made under such Series and Class of Notes). (b) The Issuer Cash Manager shall make credits and debits to the Issuer Ledgers in accordance with the provisions of paragraphs 5 to 9 of Schedule 2 hereto.

Issuer Ledgers. (a) The Issuer Cash Manager shall open and maintain in the books of the Issuer the following ledgers: (i) the Issuer Revenue Ledger, which shall record all Issuer Revenue Receipts standing to the credit of the Issuer Transaction Accounts Account from time to time and a sub-ledger in respect of each Series and Class of Notes which shall record interest received in respect of the Loan Tranches funded by each such Series and Class of Notestime; (ii) the Issuer Principal Xxxxxx, which shall record all Issuer Principal Receipts standing to the credit of the Issuer Transaction Accounts Account from time to time and a time; (iii) the Issuer Note Ledger, which shall be divided into segregated sub-ledger in respect ledgers each of which shall record payments made under each Series and Class of Notes (each of which shall be further divided into sub-ledgers to record payments of interest and fees and repayments and prepayments of principal repayments made under such Class of Notes); (iv) the Issuer Principal Deficiency Ledger, which records: (A) on each Trust Calculation Date the principal losses allocated by Funding 1 to the Issuer Intercompany Loan; (B) on each Funding 1 Interest Payment Date, the application of Issuer Principal Receipts in accordance with item (b) of the Issuer Pre-Acceleration Principal Priority of Payments to fund the Issuer Liquidity Reserve Ledger (if required); and (C) on each Funding 1 Interest Payment Date, the application of Issuer Principal Receipts to meet any deficiency in Issuer Revenue Receipts, and which shall comprise, on the date of this Agreement, the two sub-ledgers known as the Class A Notes Principal Deficiency Sub-Ledger and the Class Z Notes Principal Deficiency Sub-Ledger; (v) the Issuer Reserve Ledger, which, from time to time, shall record all amounts standing to the credit of the Issuer Reserve Fund from: (A) a portion of the proceeds of the Issuer Start-up Loan on the applicable Closing Date; (B) other amounts standing to the credit of the Issuer Reserve Fund (but not to exceed the Issuer Reserve Fund Required Amount); and (C) any subsequent withdrawals and deposit in respect of the Loan Tranche funded by each such Series and Class of NotesIssuer Reserve Fund; (iiivi) (if the Issuer Liquidity Reserve Fund is established), the Issuer Liquidity Reserve Ledger, which shall record all amounts standing to the credit of the Issuer Liquidity Reserve Fund from Issuer Principal Receipts and Issuer Revenue Receipts up to the Issuer Liquidity Reserve Fund Required Amount and withdrawals and deposits made under the Issuer Liquidity Reserve Fund from time to time; and (vii) the Issuer Swap Collateral Ledger (which shall comprise of such sub-ledgers as the Issuer Cash Manager considers appropriate), to record all payments, transfers and receipts in connection with any Swap Collateral, including, without limitation: (A) the receipt of any Swap Collateral by the Issuer from the any Issuer Swap ProvidersProvider; (B) the receipt of any income or distributions in respect of such Swap Collateral; (C) the payment or transfer of all, all or any part of, of such Swap Collateral to the relevant Issuer Swap Provider; and (D) the payment or transfer of all, all or any part of, of such Swap Collateral to the relevant Issuer Accounts, provided that the Issuer Swap Collateral Ledger (and sub-ledgers) shall only be established in the event that any the relevant Issuer Swap Provider pays or transfers Swap Collateral to the Issuer in accordance with the relevant Issuer Swap Agreement; and (iv) Agreement and the Issuer Note Ledger, which shall be divided into segregated sub-ledgers each of which shall record payments made under each Series and Class of Notes (each of which shall be further divided into sub-ledgers to record payments of interest and fees and repayments and prepayments of principal made under such Series and Class of Notes)Bank Account Agreement. (b) The Issuer Cash Manager shall make credits and debits to the Issuer Ledgers in accordance with the provisions of paragraphs 5 to 9 11 of Schedule 2 (Cash Management and Maintenance of Ledgers) hereto.