Common use of Swap Administrator Clause in Contracts

Swap Administrator. (a) The Supplemental Interest Trust Trustee will receive all funds paid by the Swap Provider or its successors in interest under the Swap Agreement (including any Swap Termination Payment). The Supplemental Interest Trust Trustee hereby appoints the Swap Administrator to receive such amounts on each Distribution Date and the Swap Administrator accepts such appointment. Thereafter, the Swap Administrator hereby agrees to distribute on each Distribution Date such amounts in the following order of priority: