Common use of The Distribution Account Clause in Contracts

The Distribution Account. The Trustee, for the benefit of the Investor Certificateholders of each Series, shall cause to be established and maintained in the name of the Trust with a Qualified Institution, a segregated trust account (the "Distribution Account") bearing a designation clearly indicating that the funds deposited therein are held in trust for the benefit of the Investor Certificateholders. The Trustee shall have sole control over and possess all right, title and interest in all funds on deposit from time to time in the Distribution Account and in all proceeds thereof.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Dillard Asset Funding Co)

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The Distribution Account. The Trustee, for the benefit of the Investor Certificateholders of each SeriesSeries ------------------------ 1998-1 Certificateholders, shall cause to be established and maintained in the name of the Trust Trust, with an office or branch of a Qualified InstitutionInstitution (other than the Transferor), which shall initially be the Paying Agent, a segregated trust account (the "Distribution Account") bearing a designation clearly indicating that the funds deposited therein are held in trust for the benefit of the Investor Certificateholders. The Trustee shall have sole control over and possess all right, title and interest in all funds on deposit from time to time in the Distribution Account and in all proceeds thereof.non-interest

Appears in 1 contract

Samples: Pooling and Servicing Agreement (First Usa Credit Card Master Trust)

The Distribution Account. The Trustee, for the benefit of the Investor Certificateholders of each Series------------------------- Series 1998-7 Certificateholders, shall cause to be established and maintained in the name of the Trust Trust, with an office or branch of a Qualified InstitutionInstitution (other than the Transferor), which shall initially be the Paying Agent, a non-interest bearing segregated trust account (the "Distribution Account") bearing a designation clearly -------------------- indicating that the funds deposited therein are held in trust for the benefit of the Investor Series 1998-7 Certificateholders. The Trustee shall have sole control over and possess all right, title and interest in all funds on deposit from time to time in the Distribution Account and in all proceeds thereof.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (First Usa Credit Card Master Trust)

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The Distribution Account. The Trustee, for the benefit of the Investor Certificateholders of each Series------------------------- Series 1998-8 Certificateholders, shall cause to be established and maintained in the name of the Trust Trust, with an office or branch of a Qualified InstitutionInstitution (other than the Transferor), which shall initially be the Paying Agent, a non-interest bearing segregated trust account (the "Distribution Account") bearing a designation clearly ------------- -------- indicating that the funds deposited therein are held in trust for the benefit of the Investor Series 1998-8 Certificateholders. The Trustee shall have sole control over and possess all right, title and interest in all funds on deposit from time to time in the Distribution Account and in all proceeds thereof.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (First Usa Credit Card Master Trust)

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