Accounts; Deposits to and Distributions from Accounts. On or before the Issuance Date, the Indenture Trustee will cause to be established and maintained two Qualified Accounts denominated as follows: the "Interest Funding Account" and the "Principal Funding Account" (collectively, the "Series [o] Accounts") in the name of the Indenture Trustee, bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Series [o] Noteholders. The Series [o] Accounts constitute Supplemental Accounts and shall be under the sole dominion and control of the Indenture Trustee for the benefit of the Series [o] Noteholders. If, at any time, the institution holding any Series [o] Account ceases to be a Qualified Institution, the Issuer will within ten (10) Business Days (or such longer period, not to exceed thirty (30) calendar days, as to which each Note Rating Agency may consent) establish a new applicable Series [o] Account, that is a Qualified Account and shall transfer any cash and/or investments to such new Series [o] Account. From the date such new Series [o] Account is established, it will be a Series [o] Account, bearing the name of the Series [o] Account it has replaced.
Accounts; Deposits to and Distributions from Accounts. On or before the Effective Date, the Issuer will cause to be established and maintained one or more Qualified Accounts (collectively, the "Collection Account") in the name of the Indenture Trustee, bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Indenture Trustee, the Noteholders and any applicable Derivative Counterparty. All Collections received from the CARCO Trust pursuant to Article V of the Pooling and Servicing Agreement as supplemented by the Series 2002-CC Supplement shall be deposited into the Collection Account. From time to time in connection with the issuance of a series or class of Notes, the Indenture Trustee may establish one or more Qualified Accounts denominated as "Supplemental Accounts" in the name of the Indenture Trustee. The Collection Account shall be under the sole dominion and control of the Indenture Trustee for the benefit of the Secured Parties. If, at any time, the institution holding the Collection Account ceases to be a Qualified Institution, the Issuer will within ten (10) Business Days (or such longer period, not to exceed thirty (30) calendar days, as to which each Note Rating Agency may consent in writing) establish a new Collection Account that is a Qualified Account and shall transfer any cash and/or investments to such new Collection Account. From the date such new Collection Account is established, it will be the "Collection Account." Supplemental Accounts will be created as specified in the applicable Indenture Supplement. Any Supplemental Account will receive deposits as set forth in the applicable Indenture Supplement.
Accounts; Deposits to and Distributions from Accounts. On or before the Issuance Date, the Indenture Trustee shall cause to be established and maintained four Eligible Accounts denominated as follows: the “Series 2010-1 Interest Funding Account,” the “Series 2010-1 Principal Funding Account,” the “Series 2010-1 Negative Carry Account” and the “Series 2010-1 Spread Account” (collectively, the “Series 2010-1 Accounts”) in the name of the Indenture Trustee, bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Series 2010-1 Noteholders. If on any day during the Revolving Period the amounts on deposit in the Series 2010-1 Principal Funding Account exceed the amount required to maintain the Seller’s Invested Amount at the Minimum Seller’s Invested Amount, the Issuer may withdraw such excess from the Series 2010-1 Principal Funding Account and treat such amount as “Excess Available Principal Amounts;” provided, however, that such excess shall only be released if after giving effect to all distributions and deposits on such day the amount on deposit in the Series 2010-1 Spread Account on such day equals or exceeds the Spread Account Required Amount as of such day. The Indenture Trustee shall possess all right, title and interest to all funds on deposit from time to time in each of the Series 2010-1 Accounts and in all proceeds therefrom, for the benefit of the Secured Parties. For the avoidance of doubt, it shall be a condition precedent to the withdrawal from the Series 2010-1 Principal Funding Account and the treatment of those funds as Excess Available Principal Amounts that, and no funds shall be withdrawn from the Series 2010-1 Principal Funding Account unless, on a pro forma basis after giving effect to such withdrawal and application and all other deposits, withdrawals and applications to made on such date, the Seller’s Invested Amount shall not be less than the Minimum Seller’s Invested Amount, the funds on deposit in the Series 2010-1 Spread Account shall not be less than the Spread Account Required Amount, the funds on deposit in the Series 2010-1 Negative Carry Account shall not be less than the Required Negative Carry Account Balance, and all other enhancement will not be less than the required amount and there is no writedown of the Series 2010-1 Overcollateralization Amount, the Series 2010-1 Collateral Amount or the Outstanding Principal Amount of any Series 2010-1 Notes, in each case, after giving effect to such deposits, withdrawals and applications...
Accounts; Deposits to and Distributions from Accounts. On or before the Effective Date, the Issuer shall cause to be established and maintained three or more Qualified Accounts (the "Collection Account", the "Excess Funding Account" and 42 MASTER INDENTURE the "Backup Servicer Account") in the name of the Indenture Trustee, each bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Indenture Trustee, the Noteholders and any applicable Enhancement Provider. From time to time in connection with the issuance of a Series or Class of Notes, the Indenture Trustee may establish one or more Qualified Accounts denominated as "Supplemental Accounts" in the name of the Indenture Trustee. The Collection Account, Excess Funding Account and Backup Servicer Account shall be under the sole dominion and control of the Indenture Trustee for the benefit of the Secured Parties. If, at any time, the institution holding the Collection Account ceases to be a Qualified Institution, the Issuer shall within ten (10) Business Days (or such longer period, not to exceed thirty (30) calendar days, as to which each Rating Agency may consent in writing) establish a new Collection Account, Excess Funding Account or Backup Servicer Account that is a Qualified Account and shall transfer any cash and/or investments to such new Collection Account or new Excess Funding Account, as the case may be. From the date such new Collection Account or new Excess Funding Account is established, it shall be the "Collection Account", the "Excess Funding Account" or "Backup Servicer Account", as the case may be. Supplemental Accounts shall be created as specified in the applicable Indenture Supplement. Any Supplemental Account shall receive deposits as set forth in the applicable Indenture Supplement. All payments to be made from time to time by or on behalf of the Indenture Trustee to Noteholders (or in respect of Backup Servicer Fees and Expenses, to the Person entitled thereto) out of funds in the Accounts pursuant to this Indenture shall be made by or on behalf of the Indenture Trustee to the Paying Agent not later than 12:00 noon New York City time on the applicable Payment Date or earlier, if necessary, or as otherwise provided in Article V or the applicable Indenture Supplement but only to the extent of available funds in the applicable Supplemental Account or Sub-Account.
Accounts; Deposits to and Distributions from Accounts. On or before the Effective Date, the Issuer will cause to be established and maintained with a Qualified Institution (other than BANA, BACCS, or the Transferor) that is acting as a securities intermediary one or more Qualified Accounts (collectively, the "Collection Account") in the name of the Indenture Trustee, bearing a designation clearly indicating that the funds and other property credited thereto are held for the benefit of the Indenture Trustee, the Noteholders and any applicable Derivative Counterparty. All collections received from the Master Trust pursuant to Section 5.01 of the Pooling and Servicing Agreement as supplemented by the Series 2001‑D Supplement shall be credited to the Collection Account. From time to time in connection with the issuance of a series, class or tranche of Notes, the Indenture Trustee may establish with a Qualified Institution (other than BANA, BACCS, or the Transferor) that is acting as a securities intermediary one or more Qualified Accounts denominated as "Supplemental Accounts" in the name of the Indenture Trustee. The Collection Account shall be under the exclusive control of the Indenture Trustee for the benefit of the Indenture Trustee, the Noteholders and any applicable Derivative Counterparty. If, at any time, the institution holding the Collection Account ceases to be a Qualified Institution, the Issuer will within ten (10) Business Days (or such longer period, not to exceed thirty (30) calendar days, as to which each Note Rating Agency may consent in writing) establish with a Qualified Institution (other than BANA, BACCS, or the Transferor) that is acting as a securities intermediary a new Collection Account that is a Qualified Account and shall transfer any funds or other property to such new Collection Account. From the date such new Collection Account is established, it will be the "Collection Account." Supplemental Accounts will be created as specified in the applicable Indenture Supplement. Any Supplemental Account will receive amounts as set forth in the applicable Indenture Supplement.
Accounts; Deposits to and Distributions from Accounts. On or ----------------------------------------------------- before the Issuance Date, the Indenture Trustee will cause to be established and maintained four Qualified Accounts denominated as follows: the "Interest Funding ---------------- Account," the "Principal Funding Account," the "Accumulation Reserve Account" ------- ------------------------- ---------------------------- and the "Class C Reserve Account" (collectively, the "Series [_] Accounts") in ----------------------- ------------------- the name of the Indenture Trustee, bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Series [____] Noteholders (or, in the case of the Class C Reserve Account, solely for the benefit of the Class C Noteholders). The Series [____] Accounts constitute Supplemental Accounts and shall be under the sole dominion and control of the Indenture Trustee for the benefit of the Series [____] Noteholders (or, in the case of the Class C Reserve Account, solely for the benefit of the Class C Noteholders). If, at any time, the institution holding any Series [____ ] Account ceases to be a Qualified Institution, the Issuer will within ten (10) Business Days (or such longer period, not to exceed thirty (30) calendar days, as to which each Note Rating Agency may consent) establish a new applicable Series [____] Account, that is a Qualified Account and shall transfer any cash and/or investments to such new Series [____] Account. Each class of Notes will have its own sub-Account within the Interest Funding Account and the Principal Funding Account. From the date such new Series [____] Account is established, it will be a Series [_____ ] Account, bearing the name of the Series [____] Account it has replaced. The Series [_____ ] Accounts will receive deposits pursuant to Article III.
Accounts; Deposits to and Distributions from Accounts. On or before the Effective Date, the Issuer will open and will thereafter cause to be maintained, at an Eligible Institution (initially Citibank, N.A.), one or more segregated deposit accounts (collectively, the "Collection Account"). The Issuer will require that all collections received from the Master Trust pursuant to the Series 2000 Supplement be deposited into the Collection Account. On or before the Effective Date, the Trustee will cause to be established and maintained
Accounts; Deposits to and Distributions from Accounts. On or before the Effective Date, the Issuer will open and will thereafter cause to be maintained, at an Eligible Institution (initially Citibank, N.A.), one or more segregated deposit accounts (collectively, the "Collection Account"). Subject to Section 403(b), and except as provided in Sections 404, 504, 511, 522 and 708, the Issuer will require that all Collections be deposited into the Collection Account. On or before the Effective Date, the Trustee will cause to be established and maintained at an Eligible Institution (initially Citibank, N.A.), three segregated trust accounts denominated as follows: the "Interest Funding Account", the "Principal Funding Account" and the "Class C Reserve Account", and from time to time in connection with the issuance of a series, class or tranche of Notes, the Trustee may establish one or more segregated trust accounts denominated as "Supplemental Accounts". If, at any time, either the Collection Account, Interest Funding Account, Principal Funding Account or Class C Reserve Account ceases to be an Eligible Deposit Account, the Issuer will within 10 Business Days (or such longer period, not to exceed 30 calendar days, as to which each Rating Agency may consent) establish a new Collection Account, Interest Funding Account, Principal Funding Account or Class C Reserve Account, as the case may be, which is an Eligible Deposit Account, transfer any cash and/or investments to such new Collection Account, Interest Funding Account, Principal Funding Account or Class C Reserve Account and from the date such new Interest Funding Account, Principal Funding Account or Class C
Accounts; Deposits to and Distributions from Accounts. On or before the Issuance Date, the Indenture Trustee shall cause to be established and maintained three Eligible Accounts denominated as follows: the “Series 2010-VFN Interest Funding Account,” the “Series 2010-VFN Principal Funding Account” and the “Series 2010-VFN Spread Account” (collectively, the “Series 2010-VFN Accounts”) in the name of the Indenture Trustee, bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Series 2010-VFN Noteholders. The Indenture Trustee shall possess all right, title and interest to all funds on deposit from time to time in each of the Series 2010-VFN Accounts and in all proceeds therefrom, for the benefit of the Secured Parties. The Series 2010-VFN Accounts constitute Supplemental Accounts and shall be under the sole dominion and control of the Indenture Trustee for the benefit of the Series 2010-VFN Noteholders. If, at any time, the institution holding any Series 2010-VFN Account ceases to be an Eligible Institution, the Issuer shall within 15 Business Days (or such longer period, not to exceed 30 calendar days, as to which the Administrative Agent may consent) establish a new applicable Series 2010-VFN Account, that is an Eligible Account and shall transfer any cash and/or investments to such new Series 2010-VFN Account. From the date such new Series 2010-VFN Account is established, it shall be a Series 2010-VFN Account, bearing the name of the Series 2010-VFN Account it has replaced.
Accounts; Deposits to and Distributions from Accounts. On or before the Issuance Date, the Indenture Trustee will cause to be established and maintained the Qualified Accounts denominated as follows: the "Interest Funding Account", the "Principal Funding Account" and the "Reserve Fund" (collectively, the "Series 2003-1 Accounts") in the name of the Indenture Trustee, bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Series 2003-1 Noteholders. The Series 2003-1 Accounts constitute Supplemental Accounts and shall be under the sole dominion and control of the Indenture Trustee for the benefit of the Series 2003-1 Noteholders. If, at any time, the institution holding any Series 2003-1 Account ceases to be a Qualified Institution, the Issuer will within ten (10) Business Days (or such longer period, not to exceed thirty (30) calendar days, as to which each Rating Agency may consent) establish a new applicable Series 2003-1 Account, that is a Qualified Account and shall transfer any cash and/or investments to such new Series 2003-1 Account. From the date such new Series 2003-1 Account is established, it will be a Series 2003-1 Account, bearing the name of the Series 2003-1 Account it has replaced.
