Ledgers. 6.1 The Administrator undertakes that it will open and maintain in the books of the CBC the following ledgers (the "Ledgers") (i) in respect of amounts received in or withdrawn from the CBC Account: the Revenue Ledger and the Principal Ledger and (ii) in the event the CBC enters into a Swap Agreement, in respect of amounts forming part of the Swap Replacement Amounts received in or withdrawn from the Swap Collateral Account: the Swap Replacement Ledger. 6.2 The Administrator shall: (a) credit all amounts forming part of the Available Revenue Funds received by the CBC in the CBC Account to a Ledger established for this purpose (the "Revenue Ledger"); and (b) debit to the Revenue Ledger all amounts paid by the CBC from the CBC Account in accordance with Clause 12 and 13 of the Trust Deed. 6.3 The Administrator shall: (a) credit all amounts forming part of the Available Principal Funds received by the CBC in the CBC Account to a Ledger established for this purpose (the "Principal Ledger"); and (b) debit to the Principal Ledger all amounts paid by the CBC from the CBC Account in accordance with Clause 12 and 13 of the Trust Deed. 6.4 In the event the CBC enters into a Swap Agreement, the Administrator shall: (a) credit all amounts forming part of the Swap Replacement Amount received in the Swap Cash Collateral Account or if such account is not (yet) opened the amounts forming part of the Swap Replacement Amount received by the CBC in a different account to a Ledger established for this purpose (the "Swap Replacement Ledger"); and (b) debit to the Swap Replacement Ledger any amounts paid by the CBC from the Swap Cash Collateral Account or if such account is not (yet) opened from a different account of the CBC to the Swap Counterparty in accordance with Clause 16.2 of the Trust Deed.
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Ledgers. 6.1 The Administrator undertakes that it will open and maintain in the books of the CBC the following ledgers (the "Ledgers")
(i) in respect of amounts received in or withdrawn from the CBC Account: the Revenue Ledger and the Principal Ledger and (ii) in the event the CBC enters into a Swap Agreement, in respect of amounts forming part of the Swap Replacement Amounts received in or withdrawn from the Swap Collateral Account: the Swap Replacement Ledger.
6.2 The Administrator shall:
(a) credit all amounts forming part of the Available Revenue Funds received by the CBC in the CBC Account to a Ledger established for this purpose (the "Revenue Ledger"); and
(b) debit to the Revenue Ledger all amounts paid by the CBC from the CBC Account in accordance with Clause 12 and 13 of the Trust Deed.
6.3 The Administrator shall:
(a) credit all amounts forming part of the Available Principal Funds received by the CBC in the CBC Account to a Ledger established for this purpose (the "Principal Ledger"); and
(b) debit to the Principal Ledger all amounts paid by the CBC from the CBC Account in accordance with Clause 12 and 13 of the Trust Deed.
6.4 In the event the CBC enters into a Swap Agreement, the Administrator shall:: 53108111 M 56155777 / 2
(a) credit all amounts forming part of the Swap Replacement Amount received in the Swap Cash Collateral Account or if such account is not (yet) opened the amounts forming part of the Swap Replacement Amount received by the CBC in a different account to a Ledger established for this purpose (the "Swap Replacement Ledger"); and
(b) debit to the Swap Replacement Ledger any amounts paid by the CBC from the Swap Cash Collateral Account or if such account is not (yet) opened from a different account of the CBC to the Swap Counterparty in accordance with Clause 16.2 of the Trust Deed.
Appears in 1 contract
Samples: Administration Agreement
Ledgers. 6.1 The Administrator undertakes that it will open and maintain in the books of the CBC the following ledgers (the "Ledgers")
(i) in respect of amounts received in or withdrawn from the CBC Account: the Revenue Ledger and the Principal Ledger and (ii) in the event the CBC enters into a Swap Agreement, in respect of amounts forming part of the Swap Replacement Amounts received in or withdrawn from the Swap Collateral Account: the Swap Replacement Ledger.
6.2 The Administrator shall:
(a) credit all amounts forming part of the Available Revenue Funds received by the CBC in the CBC Account to a Ledger established 53106437 M 55004908 / 3 for this purpose (the "Revenue Ledger"); and
(b) debit to the Revenue Ledger all amounts paid by the CBC from the CBC Account in accordance with Clause 12 and 13 of the Trust Deed.
6.3 The Administrator shall:
(a) credit all amounts forming part of the Available Principal Funds received by the CBC in the CBC Account to a Ledger established for this purpose (the "Principal Ledger"); and
(b) debit to the Principal Ledger all amounts paid by the CBC from the CBC Account in accordance with Clause 12 and 13 of the Trust Deed.
6.4 In the event the CBC enters into a Swap Agreement, the Administrator shall:
(a) credit all amounts forming part of the Swap Replacement Amount received in the Swap Cash Collateral Account or if such account is not (yet) opened the amounts forming part of the Swap Replacement Amount received by the CBC in a different account to a Ledger established for this purpose (the "Swap Replacement Ledger"); and
(b) debit to the Swap Replacement Ledger any amounts paid by the CBC from the Swap Cash Collateral Account or if such account is not (yet) opened from a different account of the CBC to the Swap Counterparty in accordance with Clause 16.2 of the Trust Deed.
Appears in 1 contract
Samples: Administration Agreement
Ledgers. 6.1 The Administrator undertakes that it will open and maintain in the books of the CBC the following ledgers (the "Ledgers")
(i) in respect of amounts received in or withdrawn from the CBC Account: the Revenue Ledger, the Principal Ledger and the Principal Subordinated Loan Interest Deficiency Ledger and (ii) in the event the CBC enters into a Swap Agreement, in respect of amounts forming part of the Swap Replacement Amounts received in or withdrawn from the Swap Collateral Account: the Swap Replacement Ledger.
6.2 . The Administrator shall:
(a) credit all amounts forming part of the Interest Available Revenue Funds Amount received by the CBC in the CBC Account to a Ledger established for this purpose (the "Revenue Ledger"); and
(b) debit to the Revenue Ledger all amounts paid by the CBC from the CBC Account in accordance with Clause 12 and 13 of the Trust Deed.
6.3 . The Administrator shall:
(a) credit all amounts forming part of the Principal Available Principal Funds Amount received by the CBC in the CBC Account to a Ledger established for this purpose (the "Principal Ledger"); and
(b) debit to the Principal Ledger all amounts paid by the CBC from the CBC Account in accordance with Clause 12 and 13 of the Trust Deed.. The Administrator shall:
6.4 (a) if and to the extent on any CBC Payment Date any shortfall occurs with respect to the payment of interest on the Subordinated Loan in accordance with item (l) of the CBC Priority of Payments or, as the case may be, item (h) of the Post CBC Acceleration Notice Priority of Payments, on the relevant Calculation Date credit the amount of such shortfall (including any interest accruing thereon), calculated in accordance with the Subordinated Loan Agreement, to a ledger established for this purpose (the "Subordinated Loan Interest Deficiency Ledger"); and
(b) debit the amount of any interest paid on the Subordinated Loan in excess of the interest due (but not overdue) in respect only of the relevant CBC Payment Period, calculated in accordance with the Subordinated Loan Agreement to the Subordinated Loan Interest Deficiency Ledger. In the event the CBC enters into a Swap Agreement, the Administrator shall:
(a) credit all amounts forming part of the Swap Replacement Amount Amounts received in the Swap Cash Collateral CBC Account or if such account is not (yet) opened the amounts forming part of the Swap Replacement Amount received by the CBC in a different account to a Ledger established for this purpose (the "Swap Replacement Ledger"); and
(b) debit to the Swap Replacement Ledger any amounts paid by the CBC from the Swap Cash Collateral CBC Account or if such account is not (yet) opened from a different account of the CBC to the Swap Counterparty in accordance with Clause 16.2 of the Trust Deed.
Appears in 1 contract
Samples: Administration Agreement
Ledgers. 6.1 The Administrator undertakes that it will open and maintain in the books of the CBC the following ledgers (the "Ledgers")
(i) in respect of amounts received in or withdrawn from the CBC Account: the Revenue Ledger and the Principal Ledger and (ii) in the event the CBC enters into a Swap Agreement, in respect of amounts forming part of the Swap Replacement Amounts received in or withdrawn from the Swap Cash Collateral Account: the Swap Replacement Ledger.
6.2 The Administrator shall:
(a) credit all amounts forming part of the Available Revenue Funds received by the CBC in (i) the CBC Account to a Ledger established for this purpose (the "CBC Account Revenue Ledger") and (ii) the CBC Back-Up Account to a Ledger established for this purpose (the "CBC Back-Up Account Revenue Ledger" and together with the CBC Account Revenue Ledger, the "Revenue Ledger"); and
(b) debit to the CBC Account Revenue Ledger, the CBC Back-Up Account Revenue Ledger and/or the Revenue Ledger, as the case may be, all amounts paid by the CBC from the CBC Account or the CBC Back-Up Account, as the case may be, in accordance with Clause clause 12 and 13 of the Trust Deed.
6.3 The Administrator shall:
(a) credit all amounts forming part of the Available Principal Funds received by the CBC in (i) the CBC Account to a Ledger established for this purpose (the "CBC Account Principal Ledger") and (ii) the CBC Back-Up Account to a Ledger established for this purpose (the "CBC Back-Up Account Principal Ledger" and together with the CBC Account Principal Ledger, the "Principal Ledger"); and
(b) debit to the CBC Account Principal Ledger, the CBC Back-Up Account Principal Ledger and/or the Principal Ledger, as the case may be, all amounts paid by the CBC from the CBC Account or the CBC Back-Up Account, as the case may be, in accordance with Clause clause 12 and 13 of the Trust Deed.
6.4 In the event the CBC enters into a Swap Agreement, the Administrator shall:
(a) credit all amounts forming part of the Swap Replacement Amount Amounts received in (i) the Swap Cash Collateral Account or if such account is not (yet) opened the amounts forming part of the Swap Replacement Amount Amounts received by the CBC in a different account to a Ledger established for this purpose (the "Swap Cash Collateral Account Replacement Ledger") and (ii) the CBC Back-Up Account or if such account is not (yet) opened the amounts forming part of the Swap Replacement Amounts received by the CBC in a different account to a Ledger established for this purpose (the "CBC Back-Up Account Swap Replacement Ledger" and together with the Swap Cash Collateral Replacement Ledger, the "Swap Replacement Ledger"); and
(b) debit to the Swap Cash Collateral Replacement Ledger, the CBC Back-Up Account Swap Replacement Ledger and/or the Swap Replacement Ledger, as the case may be, any amounts paid by the CBC from the Swap Cash Collateral Account or the CBC Back-Up Account, as the case may be, or if such account is accounts are not (yet) opened from a different account of the CBC to the Swap Counterparty in accordance with Clause clause 16.2 of the Trust Deed.
Appears in 1 contract
Samples: Administration Agreement
Ledgers. 6.1 The Administrator undertakes that it will open and maintain in the books of the CBC the following ledgers (the "Ledgers")
(i) in respect of amounts received in or withdrawn from the CBC Account: the Revenue Ledger and the Principal Ledger and (ii) in the event the CBC enters into a Swap Agreement, in respect of amounts forming part of the Swap Replacement Amounts received in or withdrawn from the Swap Cash Collateral Account: the Swap Replacement Ledger.
6.2 The Administrator shall:
(a) credit all amounts forming part of the Available Revenue Funds received by the CBC in (i) the CBC Account to a Ledger established for this purpose (the "CBC Account Revenue Ledger") and (ii) the CBC Back-Up Account to a Ledger established for this purpose (the "CBC Back-Up Account Revenue Ledger" and together with the CBC Account Revenue Ledger, the "Revenue Ledger"); and
(b) debit to the relevant Revenue Ledger all the amounts paid by the CBC from the CBC Account and/or the CBC Back-Up Account, as the case may be, in accordance with Clause clause 12 and 13 of the Trust Deed.
6.3 The Administrator shall:
(a) credit all amounts forming part of the Available Principal Funds received by the CBC in (i) the CBC Account to a Ledger established for this purpose (the "CBC Account Principal Ledger") and (ii) the CBC Back-Up Account to a Ledger established for this purpose (the "CBC Back-Up Account Principal Ledger" and together with the CBC Account Principal Xxxxxx, the "Principal Ledger"); and
(b) debit to the relevant Principal Ledger all the amounts paid by the CBC from the CBC Account or the CBC Back-Up Account, as the case may be, in accordance with Clause clause 12 and 13 of the Trust Deed.
6.4 In the event the CBC enters into a Swap Agreement, the Administrator shall:
(a) credit all amounts forming part of the Swap Replacement Amount Amounts received in (i) the Swap Cash Collateral Account or if such account is not (yet) opened the amounts forming part of the Swap Replacement Amount Amounts received by the CBC in a different account to a Ledger established for this purpose (the "Swap Cash Collateral Account Replacement Ledger") and (ii) the CBC Back-Up Account the amounts forming part of the Swap Replacement Amounts received by the CBC in a different account to a Ledger established for this purpose (the "CBC Back-Up Account Swap Replacement Ledger" and together with the Swap Cash Collateral Replacement Ledger, the "Swap Replacement Ledger"); and
(b) debit to the Swap Cash Collateral Replacement Ledger, the CBC Back-Up Account Swap Replacement Ledger and/or the Swap Replacement Ledger, as the case may be, any amounts paid by the CBC from the Swap Cash Collateral Account or if such account is not (yet) opened from a different account of the CBC Back-Up Account, as the case may be, to the Swap Counterparty in accordance with Clause clause 16.2 of the Trust Deed.
Appears in 1 contract
Samples: Administration Agreement
Ledgers. 6.1 The Administrator undertakes that it will open and maintain in the books of the CBC the following ledgers (the "Ledgers")
(i) in respect of amounts received in or withdrawn from the CBC Account: the Revenue Ledger, the Principal Ledger and the Principal Subordinated Loan Interest Deficiency Ledger and (ii) in the event the CBC enters into a Swap Agreement, in respect of amounts forming part of the Swap Replacement Amounts received in or withdrawn from the Swap Collateral Account: the Swap Replacement Ledger.
6.2 . The Administrator shall:
(a) credit all amounts forming part of the Interest Available Revenue Funds Amount received by the CBC in the CBC Account to a Ledger established for this purpose (the "Revenue Ledger"); and
(b) debit to the Revenue Ledger all amounts paid by the CBC from the CBC Account in accordance with Clause 12 and 13 of the Trust Deed.
6.3 . The Administrator shall:
(a) credit all amounts forming part of the Principal Available Principal Funds Amount received by the CBC in the CBC Account to a Ledger established for this purpose (the "Principal Ledger"); and
(b) debit to the Principal Ledger all amounts paid by the CBC from the CBC Account in accordance with Clause 12 and 13 of the Trust Deed.The Administrator shall:
6.4 (a) if and to the extent on any CBC Payment Date any shortfall occurs with respect to the payment of interest on the Subordinated Loan in accordance with item (l) of the CBC Priority of Payments or, as the case may be, item (h) of the Post CBC Acceleration Notice Priority of Payments, on the relevant Calculation Date credit the amount of such shortfall (including any interest accruing thereon), calculated in accordance with the Subordinated Loan Agreement, to a ledger established for this purpose (the "Subordinated Loan Interest Deficiency Ledger"); and
(b) debit the amount of any interest paid on the Subordinated Loan in excess of the interest due (but not overdue) in respect only of the relevant CBC Payment Period, calculated in accordance with the Subordinated Loan Agreement to the Subordinated Loan Interest Deficiency Ledger. In the event the CBC enters into a Swap Agreement, the Administrator shall:
(a) credit all amounts forming part of the Swap Replacement Amount Amounts received in the Swap Cash Collateral CBC Account or if such account is not (yet) opened the amounts forming part of the Swap Replacement Amount received by the CBC in a different account to a Ledger established for this purpose (the "Swap Replacement Ledger"); and
(b) debit to the Swap Replacement Ledger any amounts paid by the CBC from the Swap Cash Collateral CBC Account or if such account is not (yet) opened from a different account of the CBC to the Swap Counterparty in accordance with Clause 16.2 of the Trust Deed.
Appears in 1 contract
Samples: Administration Agreement
Ledgers. 6.1 The Administrator undertakes that it will open and maintain in the books of the CBC the following ledgers (the "Ledgers")
(i) in respect of amounts received in or withdrawn from the CBC Account: the Revenue Ledger, the Principal Ledger and the Principal Subordinated Loan Interest Deficiency Ledger and (ii) in the event the CBC enters into a Swap Agreement, in respect of amounts forming part of the Swap Replacement Amounts received in or withdrawn from the Swap Collateral Account: the Swap Replacement Ledger.
6.2 . The Administrator shall:
(a) credit all amounts forming part of the Interest Available Revenue Funds Amount received by the CBC in the CBC Account to a Ledger established for this purpose (the "Revenue Ledger"); and
(b) debit to the Revenue Ledger all amounts paid by the CBC from the CBC Account in accordance with Clause 12 and 13 of the Trust Deed.
6.3 . The Administrator shall:
(a) credit all amounts forming part of the Principal Available Principal Funds Amount received by the CBC in the CBC Account to a Ledger established for this purpose (the "Principal Ledger"); and
(b) debit to the Principal Ledger all amounts paid by the CBC from the CBC Account in accordance with Clause 12 and 13 of the Trust Deed.. The Administrator shall:
6.4 (a) if and to the extent on any CBC Payment Date any shortfall occurs with respect to the payment of interest on the Subordinated Loan in accordance with item (l) of the CBC Priority of Payments or, as the case may be, item (h) of the Post CBC Acceleration Notice Priority of Payments, on the relevant Calculation Date credit the amount of such shortfall (including any interest accruing thereon), calculated in accordance with the Subordinated Loan Agreement, to a ledger established for this purpose (the "Subordinated Loan Interest Deficiency Ledger"); and
(b) debit the amount of any interest paid on the Subordinated Loan in excess of the interest, due (but not overdue) in respect only of the relevant CBC Payment Period, calculated in accordance with the Subordinated Loan Agreement to the Subordinated Loan Interest Deficiency Ledger. In the event the CBC enters into a Swap Agreement, the Administrator shall:
(a) credit all amounts forming part of the Swap Replacement Amount Amounts received in the Swap Cash Collateral CBC Account or if such account is not (yet) opened the amounts forming part of the Swap Replacement Amount received by the CBC in a different account to a Ledger established for this purpose (the "Swap Replacement Ledger"); and
(b) debit to the Swap Replacement Ledger any amounts paid by the CBC from the Swap Cash Collateral CBC Account or if such account is not (yet) opened from a different account of the CBC to the Swap Counterparty in accordance with Clause 16.2 of the Trust Deed.
Appears in 1 contract
Samples: Administration Agreement
Ledgers. 6.1 The Administrator undertakes that it will open and maintain in the books of the CBC the following ledgers (the "Ledgers")
(i) in respect of amounts received in or withdrawn from the CBC Account: the Revenue Ledger, the Principal Ledger and the Principal Subordinated Loan Interest Deficiency Ledger and (ii) in the event the CBC enters into a Swap Agreement, in respect of amounts forming part of the Swap Replacement Amounts received in or withdrawn from the Swap Cash Collateral Account: the Swap Replacement Ledger.
6.2 The Administrator shall:
(a) credit all amounts forming part of the Interest Available Revenue Funds Amount received by the CBC in the CBC Account to a Ledger established for this purpose (the "Revenue Ledger"); and
(b) debit to the Revenue Ledger all amounts paid by the CBC from the CBC Account in accordance with Clause 12 and 13 of the Trust Deed.
6.3 The Administrator shall:
(a) credit all amounts forming part of the Principal Available Principal Funds Amount received by the CBC in the CBC Account to a Ledger established for this purpose (the "Principal Ledger"); and
(b) debit to the Principal Ledger all amounts paid by the CBC from the CBC Account in accordance with Clause 12 and 13 of the Trust Deed.
6.4 The Administrator shall:
(a) if and to the extent on any CBC Payment Date any shortfall occurs with respect to the payment of interest on the Subordinated Loan in accordance with item (l) of the CBC Priority of Payments or, as the case may be, item (i) of the Post CBC Acceleration Notice Priority of Payments, on the relevant Calculation Date credit the amount of such shortfall (including any interest accruing thereon), calculated in accordance with the Subordinated Loan Agreement, to a ledger established for this purpose (the "Subordinated Loan Interest Deficiency Ledger"); and
(b) debit the amount of any interest paid on the Subordinated Loan in excess of the interest, due (but not overdue) in respect only of the relevant CBC Payment Period, calculated in accordance with the Subordinated Loan Agreement to the Subordinated Loan Interest Deficiency Ledger.
6.5 In the event the CBC enters into a Swap Agreement, the Administrator shall:
(a) credit all amounts forming part of the Swap Replacement Amount Amounts received in the Swap Cash Collateral Account or if such account is not (yet) opened the amounts forming part of the Swap Replacement Amount Amounts received by the CBC in a different account to a Ledger established for this purpose (the "Swap Replacement Ledger"); and
(b) debit to the Swap Replacement Ledger any amounts paid by the CBC from the Swap Cash Collateral Account Account, or if such account is not (yet) opened from a different account of the CBC to the Swap Counterparty in accordance with Clause 16.2 of the Trust Deed.
Appears in 1 contract
Samples: Administration Agreement
Ledgers. β
6.1 The Administrator undertakes that it will open and maintain in the books of the CBC the following ledgers (the "Ledgers")
(i) in respect of amounts received in or withdrawn from the CBC Account: the Revenue Ledger and the Principal Ledger and (ii) in the event the CBC enters into a Swap Agreement, in respect of amounts forming part of the Swap Replacement Amounts received in or withdrawn from the Swap Collateral Account: the Swap Replacement Ledger.
6.2 The Administrator shall:
(a) credit all amounts forming part of the Available Revenue Funds received by the CBC in the CBC Account to a Ledger established for this purpose (the "Revenue Ledger"); and
(b) debit to the Revenue Ledger all amounts paid by the CBC from the CBC Account in accordance with Clause 12 and 13 of the Trust Deed.
6.3 The Administrator shall:
(a) credit all amounts forming part of the Available Principal Funds received by the CBC in the CBC Account to a Ledger established for this purpose (the "Principal Ledger"); and
(b) debit to the Principal Ledger all amounts paid by the CBC from the CBC Account in accordance with Clause 12 and 13 of the Trust Deed.
6.4 In the event the CBC enters into a Swap Agreement, the Administrator shall:
(a) credit all amounts forming part of the Swap Replacement Amount Amounts received in the Swap Cash Collateral Account or if such account is not (yet) opened the amounts forming part of the Swap Replacement Amount received by the CBC in a different account to a Ledger established for this purpose (the "Swap Replacement Ledger"); and
(b) debit to the Swap Replacement Ledger any amounts paid by the CBC from the Swap Cash Collateral Account or if such account is not (yet) opened from a different account of the CBC to the Swap Counterparty in accordance with Clause 16.2 of the Trust Deed.
Appears in 1 contract
Samples: Administration Agreement