Certificate Account and Special Payments Account. (a) ------------------------------------------------ The Trustee shall establish and maintain on behalf of the Certificateholders of each series a Certificate Account as one or more non-interest-bearing accounts. The Trustee shall hold the Certificate Account in trust for the benefit of the Certificateholders of such series, and shall make or permit withdrawals therefrom only as provided in this Agreement. On each day when a Scheduled Payment is made under an Indenture to the Trustee, the Trustee, as holder of the Secured Notes issued under such Indenture and held in the related Trust, upon receipt shall immediately deposit the aggregate amount of such Scheduled Payment in the applicable Certificate Account.
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Samples: Trust Agreement (Mobil Marine Finance Co I Inc), Through Trust Agreement (Mobil Marine Finance Co I Inc)
Certificate Account and Special Payments Account. (a) The ------------------------------------------------ The Trustee shall establish and maintain on behalf of the Certificateholders of each series a Certificate Account as one or more non-interest-bearing accounts. The Trustee shall hold the Certificate Account in trust for the benefit of the Certificateholders of such series, and shall make or permit withdrawals therefrom only as provided in this AgreementBasic Agreement or the related Trust Supplement. On each [Pass Through Trust Agreement] day when a Scheduled Regular Payment is made under an any Indenture to the Trustee, the Trustee, as holder of the Secured Equipment Notes issued under such Indenture and held in Indenture, the related Trust, Trustee upon receipt shall immediately deposit the aggregate amount of such Scheduled Regular Payment in the applicable Certificate Account.
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Certificate Account and Special Payments Account. (a) The ------------------------------------------------ The Trustee shall establish and maintain on behalf of the Certificateholders of each series a Certificate Account as one or more non-interest-bearing accounts. The Trustee shall hold the Certificate Account in trust for the benefit of the Certificateholders of such series, and shall make or permit withdrawals therefrom only as provided in this AgreementBasic Agreement or the related Trust Supplement. On each day when a Scheduled Regular Payment is made under an any Indenture to the Trustee, the Trustee, as holder of the Secured Equipment Notes issued under such Indenture and held in Indenture, the related Trust, Trustee upon receipt shall immediately deposit the aggregate amount of such Scheduled Regular Payment in the applicable Certificate Account.
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Certificate Account and Special Payments Account. (a) ------------------------------------------------ The Trustee shall establish and maintain on behalf of the Certificateholders of each series a Certificate Account as one or more non-interest-bearing accounts. The Trustee shall hold the Certificate Account in trust for the benefit of the Certificateholders of such series, and shall make or permit withdrawals therefrom only as provided in this Agreement. On each day when a Scheduled Payment is made under an Indenture to the Trustee, the Trustee, as holder of the Secured Notes issued under such Indenture and held in the related Trust, upon receipt shall immediately deposit the aggregate amount of such Scheduled Payment in the applicable Certificate Account.
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Samples: Trust Agreement (Fort James Corp)