Other Currency Account. (i) On each Reset Date with respect to the Reset Rate Notes while in Foreign Exchange Mode that are then denominated in a currency other than U.S. Dollars or Pounds Sterling, the Trust shall establish an Other Currency Account for the Reset Rate Notes.
(ii) Any payments in the related currency received from any Cross-Currency Swap Counterparty will be deposited into the related Other Currency Account for the benefit of the Reset Rate Noteholders.
(iii) The Administrator shall instruct the London Paying Agent in writing no later than the Business Day preceding each Distribution Date to distribute all amounts on deposit in the applicable Other Currency Account to the related holders of the Reset Rate Notes by 1:00 p.m. (New York time) on the related Distribution Date; provided, however, that with respect to any Distribution Date that coincides with a Reset Date when the Reset Rate Notes are then in Foreign Exchange Mode, the Administrator will instruct the London Paying Agent to distribute the amounts in the applicable Other Currency Account to the related Noteholders by 1:00 p.m. (New York time) on the second Business Day following such Distribution Date. If the related Swap Agreement is not in effect, the Administrator shall cause U.S. Dollars to be converted into such other applicable non-U.S. Dollar currency in amounts sufficient to make the distributions specified in this Agreement and the Indenture.
Other Currency Account. (i) On each Reset Date with respect to any class of Reset Rate Notes while in Foreign Exchange Mode that is then denominated in a currency other than U.S. Dollars, Pounds Sterling or Euros, the Trust shall establish and maintain an Other Currency Account for such class of Reset Rate Notes.
(ii) Any payments in the related currency received from any Currency Swap Counterparty will be deposited into the related Other Currency Account for the benefit of the related Reset Rate Noteholders.
(iii) The Administrator shall instruct the London Paying Agent in writing no later than the Business Day preceding each Distribution Date to distribute all amounts on deposit in the applicable Other Currency Account to the related Reset Rate Noteholders by 1:00 p.m. (New York time) on the related Distribution Date; provided, however, that with respect to any Distribution Date that coincides with a Reset Date when any class of Reset Rate Notes is then in Foreign Exchange Mode, the Administrator will instruct the London Paying Agent to distribute the amounts in the applicable Other Currency Account to the related Reset Rate Noteholders by 1:00 p.m. (New York time) on the second Business Day following such Distribution Date. If the related Swap Agreement is not in effect, the Administrator shall cause U.S. Dollars to be converted into such other applicable non-U.S. Dollar currency in amounts sufficient to make the distributions specified in this Agreement and the Indenture.
Other Currency Account. (i) On each Reset Date with respect to the Reset Rate Notes while in Foreign Exchange Mode that are then denominated in a currency other than U.S. Dollars, the Trust shall establish an Other Currency Account for the Reset Rate Notes.
(ii) Any payments in the related currency received from any Cross-Currency Swap Counterparty will be deposited into the related Other Currency Account for the benefit of the Reset Rate Noteholders.
(iii) The Administrator shall instruct the London Paying Agent in writing no later than the Business Day preceding each Distribution Date to distribute all amounts on deposit in the applicable Other Currency Account to the related holders of the Reset Rate Notes by 1:00 p.m. (New York time) on the related Distribution Date; provided, however, that with respect to any Distribution Date that coincides with a Reset Date when the Reset Rate Notes are then in Foreign Exchange Mode, the Administrator will instruct the London Paying Agent to distribute the amounts in the applicable Other Currency Account to the related Noteholders by 1:00 p.m. (New York time) on the second Business Day following such Distribution Date. If the related Swap Agreement is not in effect, the Administrator shall cause U.S. Dollars to be converted into such other applicable non-
Other Currency Account. A. On each Reset Date with respect to a class of Reset Rate Notes in Foreign Exchange Mode that is denominated in a currency other than Euros, the Trust shall establish an Other Currency Account for such class of Reset Rate Notes.
B. Any payments in the related currency received from any Cross-Currency Swap Counterparty will be deposited in the related Other Currency Account for the benefit of the related class of Reset Rate Noteholders.
