Common use of The Currency Swap Dollar Escrow Account Clause in Contracts

The Currency Swap Dollar Escrow 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 and the Currency Swap Counterparty, shall cause to be established and maintained in the name of the Trust, with the Escrow Agent identified in the Series Term Sheet, a non-interest bearing escrow account (the "Currency Swap Dollar Escrow Account") bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Certificateholders of such Class. The Trust shall possess all right, title and interest in all funds on deposit from time to time in the Currency Swap Dollar Escrow Account and in all proceeds thereof. Any funds on deposit in the Currency Swap Dollar Escrow Account for more than one Business Day shall be invested in Permitted Investments specified in clause (a)(iii) of the definition of Permitted Investments in accordance with the terms of the Escrow Agreement. The Escrow Agent at all times shall maintain accurate records reflecting each transaction in the Currency Swap Dollar Escrow Account. All funds deposited into the Currency Swap Dollar Escrow Account shall be either released by the Escrow Agent to the Currency Swap Counterparty or returned to the Trustee as provided in the Escrow Agreement for conversion into Foreign Currency by the Trustee at the then prevailing exchange rate in New York.