Common use of Payments Received from Derivative Counterparties Clause in Contracts

Payments Received from Derivative Counterparties. Payments received under Derivative Agreements for principal in Dollars will be deposited into the applicable Interest Funding sub-Account. Payments received under Derivative Agreements for principal in foreign currencies will be made directly to the applicable Paying Agent for payment to the Holders of the applicable tranche, or as otherwise specified in the applicable Derivative Agreement.

Payments Received from Derivative Counterparties. Payments received under Derivative Agreements for principal in Dollars for any tranche of Notes will be deposited into the applicable Interest Principal Funding sub-AccountAccount on the date of receipt. Payments received under Derivative Agreements for principal in foreign currencies for any tranche of Notes will be made directly to the applicable Paying Agent for payment to the Holders of the applicable tranchetranche of Notes, or as otherwise specified in the applicable Derivative Agreement.