Common use of Duties under the Swap Agreement Clause in Contracts

Duties under the Swap Agreement. (i) The Servicer undertakes to the Issuer that no less than once per annum (and in accordance with the European Market Infrastructure Regulation ("EMIR"), commencing on the date of the Swap Agreement, it shall perform with the respective Swap Counterparty and on behalf of the Issuer, a reconciliation of all outstanding transactions under the Swap Agreement for the purposes of ensuring agreement as to the key terms of such transactions (including, without limitation, the valuation of each outstanding transaction, the effective date, position of the swap counterparties, currency of the transaction, the underlying instrument, the business day convention, notional amounts, payment dates, termination dates, fixed amounts and/ or floating amounts) under the Swap Agreement.

Duties under the Swap Agreement. (ia) The Servicer undertakes to the Issuer that no less than once per annum (and in accordance with the European Market Infrastructure Regulation ("EMIR"), commencing on the date of the Swap Agreement, it shall perform with the respective Swap Counterparty and on behalf of the Issuer, a reconciliation of all outstanding transactions under the Swap Agreement for the purposes of ensuring agreement as to the key terms of such transactions (including, without limitation, the valuation of each outstanding transaction, the effective date, position of the swap counterparties, currency of the transaction, the underlying instrument, the business day convention, notional amounts, payment dates, termination dates, fixed amounts and/ or floating amounts) under the Swap Agreement.