Common use of Ledgers Clause in Contracts

Ledgers. (a) The Cash Manager shall open and maintain in the books of the Issuer certain Ledgers to be known as: (i) the Principal Ledger; (ii) the Revenue Ledger; (iii) the General Reserve Ledger; (iv) (upon the establishment of the Liquidity Reserve Fund) the Liquidity Reserve Ledger; (v) the Issuer Profit Ledger; and (vi) the Retained Principal Ledger, and all the foregoing Ledgers shall together reflect the aggregate of all amounts of cash standing to the credit of the GIC Account and all amounts invested in Authorised Investments purchased from amounts standing to the credit of the GIC Account from time to time. (b) The Cash Manager shall also open and maintain in the books of the Issuer the Principal Deficiency Ledgers, which record deficiencies arising from Losses on the Portfolio and allocated against each Class of Notes and corresponding drawings from the Liquidity Reserve Fund (if established) and Principal Receipts used to pay a Revenue Deficiency. The Principal Deficiency Ledgers will record as a credit Available Revenue Receipts applied pursuant to items (g) and (i) of the Pre-Acceleration Revenue Priority of Payments (if any) (which amounts shall, for the avoidance of doubt, thereupon become Available Principal Receipts). (c) For the avoidance of doubt, the Ledgers will not be required to be kept in physical form and where it is expressed in the Transaction Documents that amounts are standing to the credit of the relevant Ledger this means that amounts can be identified as being of the particular nature to be recorded on such Ledger. (d) The Cash Manager shall make credits and debits to the Ledgers in accordance with Schedule 2 (Cash Management and Maintenance of Ledgers).

Ledgers. (a) The Cash Manager shall open and maintain in the books of the Issuer certain Ledgers Xxxxxxx to be known as: (i) the Principal LedgerXxxxxx; (ii) the Revenue Ledger; (iii) the General Reserve Ledger; (iv) (upon the establishment of the Liquidity Reserve Fund) the Liquidity Reserve Ledger; (v) the Issuer Profit LedgerXxxxxx; and (vi) the Retained Principal LedgerXxxxxx, and all the foregoing Ledgers shall together reflect the aggregate of all amounts of cash standing to the credit of the GIC Account and all amounts invested in Authorised Investments purchased from amounts standing to the credit of the GIC Account from time to time. (b) The Cash Manager shall also open and maintain in the books of the Issuer the Principal Deficiency Ledgers, which record deficiencies arising from Losses on the Portfolio and allocated against each Class of Notes and corresponding drawings from the Liquidity Reserve Fund (if established) and Principal Receipts used to pay a Revenue Deficiency. The Principal Deficiency Ledgers will record as a credit Available Revenue Receipts applied pursuant to items paragraphs (g) and (i) of the Pre-Acceleration Revenue Priority of Payments (if any) (which amounts shall, for the avoidance of doubt, thereupon become Available Principal Receipts). (c) For the avoidance of doubt, the Ledgers will not be required to be kept in physical form and where it is expressed in the Transaction Documents that amounts are standing to the credit of the relevant Ledger this means that amounts can be identified as being of the particular nature to be recorded on such Ledger. (d) The Cash Manager shall make credits and debits to the Ledgers in accordance with Schedule 2 (Cash Management and Maintenance of Ledgers).

Ledgers. (a) The Cash Manager shall open and maintain in the books of the Issuer certain Ledgers Xxxxxxx to be known as: (i) the Principal LedgerXxxxxx; (ii) the Revenue Ledger; (iii) the General Reserve Ledger; (iv) (upon the establishment of the Liquidity Reserve Fund) the Liquidity Reserve Ledger; (v) the Issuer Profit Ledger; and (vi) the Retained Principal LedgerXxxxxx, and all the foregoing Ledgers shall together reflect the aggregate of all amounts of cash standing to the credit of the GIC Account and all amounts invested in Authorised Investments purchased from amounts standing to the credit of the GIC Account from time to time. (b) The Cash Manager shall also open and maintain in the books of the Issuer the Principal Deficiency Ledgers, which record deficiencies arising from Losses on the Portfolio and allocated against each Class of Notes and corresponding drawings from the Liquidity Reserve Fund (if established) and Principal Receipts used to pay a Revenue Deficiency. The Principal Deficiency Ledgers will record as a credit Available Revenue Receipts applied pursuant to items paragraphs (g) and (i) of the Pre-Acceleration Revenue Priority of Payments (if any) (which amounts shall, for the avoidance of doubt, thereupon become Available Principal Receipts). (c) For the avoidance of doubt, the Ledgers will not be required to be kept in physical form and where it is expressed in the Transaction Documents that amounts are standing to the credit of the relevant Ledger this means that amounts can be identified as being of the particular nature to be recorded on such Ledger. (d) The Cash Manager shall make credits and debits to the Ledgers in accordance with Schedule 2 (Cash Management and Maintenance of Ledgers).

Ledgers. (a) The Cash Manager shall open and maintain in the books of the Issuer certain Ledgers to be known as: (i) the Principal Ledger; (ii) the Revenue Ledger; (iii) the General Reserve Ledger; (iv) (upon the establishment of the Liquidity Reserve Fund) the Liquidity Reserve Ledger;; and (v) the Issuer Profit Ledger; and (vi) the Retained Principal Ledger, and all the foregoing Ledgers shall together reflect the aggregate of all amounts of cash standing to the credit of the GIC Account and all amounts invested in Authorised Investments purchased from amounts standing to the credit of the GIC Account from time to time. (b) The Cash Manager shall also open and maintain in the books of the Issuer the Principal Deficiency Ledgers, which record deficiencies arising from Losses on the Portfolio and allocated against each Class of Notes and corresponding drawings from the Liquidity Reserve Fund (if established) and Principal Receipts used to pay a Revenue Deficiency. The Principal Deficiency Ledgers will record as a credit Available Revenue Receipts applied pursuant to items (g) and (i) of the Pre-Acceleration Revenue Priority of Payments (if any) (which amounts shall, for the avoidance of doubt, thereupon become Available Principal Receipts). (c) For the avoidance of doubt, the Ledgers will not be required to be kept in physical form and where it is expressed in the Transaction Documents that amounts are standing to the credit of the relevant Ledger this means that amounts can be identified as being of the particular nature to be recorded on such Ledger. (d) The Cash Manager shall make credits and debits to the Ledgers in accordance with Schedule 2 (Cash Management and Maintenance of Ledgers).

Ledgers. (a) The Cash Manager shall open and maintain in the books of the Issuer certain Ledgers to be known as: (i) the Principal Ledger; (ii) the Revenue Ledger; (iii) the General Reserve Ledger; (iv) (upon the establishment of the Liquidity Reserve Fund) the Liquidity Reserve Ledger; (v) (upon the termination of the Original Currency Swap Agreement) the Swap Excess Reserve Ledger; (vi) the Issuer Profit Ledger; and (vivii) the Retained Principal Ledger, and all the foregoing Ledgers shall together reflect the aggregate of all amounts of cash standing to the credit of the GIC Account and all amounts invested in Authorised Investments purchased from amounts standing to the credit of the GIC Account from time to time. (b) The Cash Manager shall also open and maintain in the books of the Issuer the Principal Deficiency Ledgers, which record deficiencies arising from Losses on the Portfolio and allocated against each Class of Notes and corresponding drawings from the Liquidity Reserve Fund (if established) and Principal Receipts used to pay a Revenue Deficiency. The Principal Deficiency Ledgers will record as a credit Available Revenue Receipts applied pursuant to items paragraphs (g) and (i) of the Pre-Acceleration Revenue Priority of Payments (if any) (which amounts shall, for the avoidance of doubt, thereupon become Available Principal Receipts). (c) For the avoidance of doubt, the Ledgers will not be required to be kept in physical form and where it is expressed in the Transaction Documents that amounts are standing to the credit of the relevant Ledger this means that amounts can be identified as being of the particular nature to be recorded on such Ledger. (d) The Cash Manager shall make credits and debits to the Ledgers in accordance with Schedule 2 (Cash Management and Maintenance of Ledgers).

Ledgers. (a) The Cash Manager shall open and maintain in the books of the Issuer certain Ledgers to be known as: (i) the Principal Ledger; (ii) the Revenue Ledger; (iii) the General Reserve Ledger; (iv) (upon the establishment of the Liquidity Reserve Fund) the Liquidity Reserve Ledger;; and (v) the Issuer Profit Ledger; and (vi) the Retained Principal Ledger, and all the foregoing Ledgers shall together reflect the aggregate of all amounts of cash standing to the credit of the GIC Account and the Reserve Account and all amounts invested in Authorised Investments purchased from amounts standing to the credit of the GIC Account or the Reserve Account from time to time. (b) The Cash Manager shall also open and maintain in the books of the Issuer the Principal Deficiency Ledgers, which record deficiencies arising from Losses on the Portfolio and allocated against each Class of Notes and corresponding drawings from the Liquidity Reserve Fund (if established) and Principal Receipts used to pay a Revenue Deficiency. The Principal Deficiency Ledgers will record as a credit Available Revenue Receipts applied pursuant to items (g) and (i) of the Pre-Acceleration Revenue Priority of Payments (if any) (which amounts shall, for the avoidance of doubt, thereupon become Available Principal Receipts). (c) For the avoidance of doubt, the Ledgers will not be required to be kept in physical form and where it is expressed in the Transaction Documents that amounts are standing to the credit of the relevant Ledger this means that amounts can be identified as being of the particular nature to be recorded on such Ledger. (d) The Cash Manager shall make credits and debits to the Ledgers in accordance with Schedule 2 (Cash Management and Maintenance of Ledgers).

Ledgers. (a) The Cash Manager shall open and maintain in the books of the Issuer certain Ledgers to be known know n as: (i) the Principal Ledger; (ii) the Revenue Ledger; (iii) the General Reserve Ledger; (iv) (upon the establishment of the Liquidity Reserve Fund) the Liquidity Reserve Ledger; (v) the Issuer Profit Ledger; and (vi) the Retained Principal Ledger, and all the foregoing Ledgers shall together reflect the aggregate of all amounts of cash standing to the credit of the GIC Account and all amounts invested in Authorised Investments purchased from amounts standing to the credit of the GIC Account from time to time, excluding any amounts draw n under the Class Z VFN to fund a Class A1 Target Amortisation Amount Shortfall, Class A Target Amortisation Amount Shortfall and Class A2 Target Amortisation Amount Shortfall that will be paid to the Principal Paying Agent. (b) The Cash Manager shall also open and maintain in the books of the Issuer the Principal Deficiency Ledgers, which record deficiencies arising from Losses on the Portfolio and allocated against each eac h Class of Notes and corresponding drawings from the Liquidity Reserve Fund (if established) and Principal Receipts used to pay a Revenue Deficiency. The Principal Deficiency Ledgers will record rec ord as a credit Available Revenue Receipts applied pursuant to items paragraphs (g) and (i) of the Pre-Acceleration Revenue Priority of Payments (if any) (which amounts shall, for the avoidance avoidanc e of doubt, thereupon become Available Principal Receipts). (c) For the avoidance of doubt, the Ledgers will not be required to be kept in physical form and where it is expressed in the Transaction Documents that amounts are standing to the credit of the relevant Ledger this means that amounts can be identified as being of the particular nature to be recorded on such Ledger. (d) The Cash Manager shall make credits and debits to the Ledgers in accordance with Schedule 2 (Cash Management and Maintenance of Ledgers).