Common use of Clearing Account Clause in Contracts

Clearing Account. The name and address of the Clearing Account Bank, together with the account number thereof, are specified in Exhibit E. All funds in respect of the Purchased Contracts at any time on deposit in the Clearing Account are held by the Clearing Account Bank subject to the security interest of the Collateral Agent, for the benefit of the holders of the Obligations.

Appears in 2 contracts

Samples: Sale and Servicing Agreement (Onyx Acceptance Corp), Sale and Servicing Agreement (Onyx Acceptance Corp)

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Clearing Account. The name and address of the Clearing Account Bank, together with the account number thereof, are specified in Exhibit E. All funds in respect of the Purchased Contracts at any time on deposit in the Clearing Account are held by the Clearing Account Bank subject to the security interest of the Collateral Agent, Capital Markets Assurance Corporation as collateral agent on behalf of and for the benefit of the holders of the Obligations.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Onyx Acceptance Corp)

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Clearing Account. The name and address of the Clearing Account Bank, together with the account number thereof, are specified in Exhibit E. All funds in respect of the Purchased Contracts at any time on deposit in the Clearing Account are held by the Clearing Account Bank subject to the security interest of the Collateral Agent, Capital Markets Assurance Corporation as collateral agent on behalf of and for the benefit of the holders of the ObligationsTriple-A One Funding Corporation.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Onyx Acceptance Corp)

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