Common use of The Class Foreign Currency Distribution Account Clause in Contracts

The Class Foreign Currency Distribution Account. In the event that any Class is subject to a Class Currency Swap, the Trustee, for the benefit of the Certificateholders of such Class, shall cause to be established and maintained in the name of the Paying Agent, an account outside the United States (the "Class Foreign Currency Distribution Account") bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Certificateholders of such Class. Pursuant to the authority granted to it pursuant to Section 3.01(b) of the Pooling and Servicing Agreement, the Master Servicer shall have the revocable power to instruct the Trustee to withdraw funds from the Class Foreign Currency Distribution Account for the purpose of carrying out the duties of the Master Servicer hereunder. The Trust shall possess all right, title and interest in all funds on deposit from time to time in the Class Foreign Currency Distribution Account and in all proceeds thereof and each Paying Agent with respect to such Class (as specified in the Series Term Sheet) shall have the revocable authority to make withdrawals from the Class Foreign Currency Distribution Account. Notwithstanding Section 6.08(b) of the Pooling and Servicing Agreement, the Class Foreign Currency Distribution Account shall not be a segregated trust account and the Principal Paying Agent shall make no certification with respect thereto.

The Class Foreign Currency Distribution Account. In the event that any Class is subject to a Class Currency Swap, the Trustee, for the benefit of the Certificateholders of such Class, shall cause to be established and maintained in the name of the Paying Agent, an account outside the United States (the "Class Foreign Currency Distribution Account") bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Certificateholders of such Class. Pursuant to the authority granted to it pursuant to Section 3.01(b) of the Pooling and Servicing Agreement, the Master Servicer shall have the revocable power to instruct the Trustee to withdraw funds from the Class Foreign Currency Distribution Account for the purpose of carrying out the duties of the Master Servicer hereunder. The Trust shall possess all right, title and interest in all funds on deposit from time to time in the Class Foreign Currency Distribution Account and in all proceeds thereof and each Paying Agent with respect to such Class (as specified in the Series Term Sheet) shall have the revocable authority to make withdrawals from the Class Foreign Currency Distribution Account. Notwithstanding Section 6.08(b) of the Pooling and Servicing Agreement, the Class Foreign Currency Distribution Account shall not be a segregated trust account and the Principal Paying Agent shall make no certification with respect thereto.Currency

The Class Foreign Currency Distribution Account. In the event that any Class is subject to a Class Currency Swap, the Trustee, for the benefit of the Certificateholders of such Class, shall cause to be established and maintained in the name of the Paying Agent, an account outside the United States (the "Class Foreign Currency Distribution Account") bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Certificateholders of such Class. Pursuant to the authority granted to it pursuant to Section 3.01(b) of the Pooling and Servicing Agreement, the Master Servicer shall have the revocable power to instruct the Trustee to withdraw funds from the Class Foreign Currency Distribution Account for the purpose of carrying out the duties of the Master Servicer hereunder. The Trust shall possess all right, title and interest in all funds on deposit from time to time in the Class Foreign Currency Distribution Account and in all proceeds thereof and each Paying Agent with respect to such Class (as specified in the Series Term Sheet) shall have the revocable authority to make withdrawals from the Class Foreign Currency Distribution Account. Notwithstanding Section 6.08(b) of the Pooling and Servicing Agreement, the Class Foreign Currency 45 Distribution Account shall not be a segregated trust account and the Principal Paying Agent shall make no certification with respect thereto.