Common use of Establishment of Accounts Clause in Contracts

Establishment of Accounts. (a) On or prior to the Distribution Date on which the Notes of all Classes have been paid in full (or substantially all of the Trust Estate is otherwise released from the lien of the Indenture), the Owner Trustee, for the benefit of the Certificateholders, shall establish and maintain, or shall cause to be established and maintained, in the name of the Trust (or in such other name as shall be specified in the Sale and Servicing Agreement), the trust collection account (the “Trust Collection Account”). The Trust Collection Account shall be established and maintained as an Eligible Deposit Account, and, subject to provisions of the Sale and Servicing Agreement, bearing a designation clearly indicating that, subject to Section 5.01(b), the funds deposited therein are held by the Trust for the benefit of the Certificateholders, in each case in accordance with Section 5.01 of the Sale and Servicing Agreement. Subject to Section 5.01(b), the Owner Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Trust Collection Account and in all proceeds thereof (other than any net investment earnings on Eligible Investments held therein). Except as otherwise expressly provided herein, the Trust Collection Account shall be under the sole dominion and control of the Owner Trustee for the benefit of the Certificateholders. If, at any time, the Trust Collection Account ceases to be an Eligible Deposit Account, the Owner Trustee (or the Administrator on behalf of the Owner Trustee, if the Trust Collection Account is not then held by the Owner Trustee or an affiliate thereof) shall within 10 Business Days establish a new equivalent Eligible Deposit Account and shall transfer any cash and/or any investments to such new account.

Establishment of Accounts. (a) On or prior to the Distribution Date on which any Certificates are then held by anyone other than the Notes Administrator or one of all Classes have been paid in full (or substantially all of the Trust Estate is otherwise released from the lien of the Indenture)its Affiliates, the Owner TrusteePaying Agent, for the benefit of the Certificateholders, shall establish and maintain, or shall cause to be established and maintained, in the name of the Trust (or in such other name as shall be specified in the Sale and Servicing Agreement)Issuer, the trust collection certificate distribution account (the “Trust Collection Certificate Distribution Account”). The Trust Collection Certificate Distribution Account shall be established and maintained as an Eligible Deposit Account, and, subject to provisions of the Sale and Servicing Agreement, bearing a designation clearly indicating that, subject to Section 5.01(b), that the funds deposited therein are held by the Trust Issuer under the sole dominion and control of the Paying Agent for the benefit of the Certificateholders. No checks shall be issued, in each case in accordance printed, or honored with Section 5.01 of respect to the Sale and Servicing AgreementCertificate Distribution Account. Subject to Section 5.01(b), the Owner Trustee Paying Agent shall possess all right, title and interest in all funds on deposit from time to time in the Trust Collection Certificate Distribution Account and in all proceeds thereof (other than any net investment earnings on Eligible Investments held therein)thereof. Except as otherwise expressly provided herein, the Trust Collection Certificate Distribution Account shall be under the sole dominion and control of the Owner Trustee Paying Agent for the benefit of the Certificateholders. If, at any time, the Trust Collection Certificate Distribution Account ceases to be an Eligible Deposit AccountAccount or if the majority of Certificateholders, in their sole discretion, notify the Owner Trustee Paying Agent in writing that the Certificate Distribution Account should be moved, then the Paying Agent (or the Administrator on behalf of the Owner TrusteePaying Agent, if the Trust Collection Certificate Distribution Account is not then held by the Owner Trustee Paying Agent or an affiliate Affiliate thereof) shall within 10 Business Days establish a new equivalent Eligible Deposit Account at a depository institution or trust company selected by a majority of the Certificateholders and shall transfer any cash and/or any investments to such new account.

Establishment of Accounts. (a) On or prior to the Distribution Date on which the Notes of all Classes have been paid in full (or substantially all of the Trust Estate is otherwise released from the lien of the Indenture), the Owner Trustee, for the benefit of the Certificateholders, shall establish and maintain, or shall cause to be established and maintained, in the name of the Trust (or in such other name as shall be specified in the Sale and Servicing Agreement), the trust collection account (the “"Trust Collection Account”"). The Trust Collection Account shall be established and maintained as an Eligible Deposit Account, and, subject to provisions of the Sale and Servicing Agreement, bearing a designation clearly indicating that, subject to Section 5.01(b), the funds deposited therein are held by the Trust for the benefit of the Certificateholders, in each case in accordance with Section 5.01 of the Sale and Servicing Agreement. Subject to Section 5.01(b), the Owner Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Trust Collection Account and in all proceeds thereof (other than any net investment earnings on Eligible Investments held therein). Except as otherwise expressly provided herein, the Trust Collection Account shall be under the sole dominion and control of the Owner Trustee for the benefit of the Certificateholders. If, at any time, the Trust Collection Account ceases to be an Eligible Deposit Account, the Owner Trustee (or the Administrator on behalf of the Owner Trustee, if the Trust Collection Account is not then held by the Owner Trustee or an affiliate thereof) shall within 10 Business Days establish a new equivalent Eligible Deposit Account and shall transfer any cash and/or any investments to such new account.

Establishment of Accounts. (a) On or prior to the Distribution Date on which any Certificates are then held by anyone other than the Notes Administrator or one of all Classes have been paid in full (or substantially all of the Trust Estate is otherwise released from the lien of the Indenture)its Affiliates, the Owner TrusteePaying Agent, for the benefit of the Certificateholders, shall establish and maintain, or shall cause to be established and maintained, in the name of the Trust (or in such other name as shall be specified in the Sale and Servicing Agreement)Issuer, the trust collection certificate distribution account (the “Trust Collection Certificate Distribution Account”). The Trust Collection Certificate Distribution Account shall be established and maintained as an Eligible Deposit Account, and, subject to provisions of the Sale and Servicing Agreement, bearing a designation clearly indicating that, subject to Section 5.01(b), that the funds deposited therein are held by the Trust Issuer under the sole dominion and control of the Paying Agent for the benefit of the Certificateholders. No checks shall be issued, in each case in accordance printed, or honored with Section 5.01 of respect to the Sale and Servicing AgreementCertificate Distribution Account. Subject to Section 5.01(b), the Owner Trustee Paying Agent shall possess all right, title and interest in all funds on deposit from time to time in the Trust Collection Certificate Distribution Account and in all proceeds thereof (other than any net investment earnings on Eligible Investments held therein)thereof. Except as otherwise expressly provided herein, the Trust Collection Certificate Distribution Account shall be under the sole dominion and control of the Owner Trustee Paying Agent for the benefit of the Certificateholders. If, at any time, the Trust Collection Certificate Distribution Account ceases to be an Eligible Deposit AccountAccount or if the majority of Certificateholders, in their sole discretion, notify the Owner Trustee Paying Agent in writing that the Certificate Distribution Account should be moved, then the Paying Agent (or the Administrator on behalf of the Owner TrusteePaying Agent, if the Trust Collection Certificate Distribution Account is not then held by the Owner Trustee Paying Agent or an affiliate Affiliate thereof) shall within 10 Business Days establish a new equivalent Eligible Deposit Account at a depository institution or trust company selected by a majority of the Certificateholders and shall transfer any cash and/or any investments to such new account.. 15 (NAROT 2019-C Amended & Restated Trust Agreement)

Establishment of Accounts. (a) On or prior to the Distribution Date on which any Certificates are then held by anyone other than the Notes Administrator or one of all Classes have been paid in full (or substantially all of the Trust Estate is otherwise released from the lien of the Indenture)its Affiliates, the Owner TrusteePaying Agent, for the benefit of the Certificateholders, shall establish and maintain, or shall cause to be established and maintained, in the name of the Trust (or in such other name as shall be specified in the Sale and Servicing Agreement)Issuer, the trust collection certificate distribution account (the “Trust Collection Certificate Distribution Account”). The Trust Collection Certificate Distribution Account shall be established and maintained as an Eligible Deposit Account, and, subject to provisions of the Sale and Servicing Agreement, bearing a designation clearly indicating that, subject to Section 5.01(b), that the funds deposited therein are held by the Trust Issuer under the sole dominion and control of the Paying Agent for the benefit of the Certificateholders. No checks shall be issued, in each case in accordance printed, or honored with Section 5.01 of respect to the Sale and Servicing AgreementCertificate Distribution Account. Subject to Section 5.01(b), the Owner Trustee Paying Agent shall possess all right, title and interest in all funds on deposit from time to time in the Trust Collection Certificate Distribution Account and in all proceeds thereof (other than any net investment earnings on Eligible Investments held therein)thereof. Except as otherwise expressly provided herein, the Trust Collection Certificate Distribution Account shall be under the sole dominion and control of the Owner Trustee Paying Agent for the benefit of the Certificateholders. If, at any time, the Trust Collection Certificate Distribution Account ceases to be an Eligible Deposit AccountAccount or if the majority of Certificateholders, in their sole discretion, notify the Owner Trustee Paying Agent in writing that the Certificate Distribution Account should be moved, then the Paying Agent (or the Administrator on behalf of the Owner TrusteePaying Agent, if the Trust Collection Certificate Distribution Account is not then held by the Owner Trustee Paying Agent or an affiliate Affiliate thereof) shall within 10 Business Days establish a new equivalent Eligible Deposit Account at a depository institution or trust company selected by a majority of the Certificateholders and shall transfer any cash and/or any investments to such new account.. 14 (Nissan 2017-A Amended & Restated Trust Agreement)

Establishment of Accounts. (a) On or prior to the Distribution Date on which any Certificates are then held by anyone other than the Notes Administrator or one of all Classes have been paid in full (or substantially all of the Trust Estate is otherwise released from the lien of the Indenture)its Affiliates, the Owner TrusteePaying Agent, for the benefit of the Certificateholders, shall establish and maintain, or shall cause to be established and maintained, in the name of the Trust (or in such other name as shall be specified in the Sale and Servicing Agreement)Issuer, the trust collection certificate distribution account (the “Trust Collection Certificate Distribution Account”). The Trust Collection Certificate Distribution Account shall be established and maintained as an Eligible Deposit Account, and, subject to provisions of the Sale and Servicing Agreement, bearing a designation clearly indicating that, subject to Section 5.01(b), that the funds deposited therein are held by the Trust Issuer under the sole dominion and control of the Paying Agent for the benefit of the Certificateholders. No checks shall be issued, in each case in accordance printed, or honored with Section 5.01 of respect to the Sale and Servicing AgreementCertificate Distribution Account. Subject to Section 5.01(b), the Owner Trustee Paying Agent shall possess all right, title and interest in all funds on deposit from time to time in the Trust Collection Certificate Distribution Account and in all proceeds thereof (other than any net investment earnings on Eligible Investments held therein)thereof. Except as otherwise expressly provided herein, the Trust Collection Certificate Distribution Account shall be under the sole dominion and control of the Owner Trustee Paying Agent for the benefit of the Certificateholders. If, at any time, the Trust Collection Certificate Distribution Account ceases to be an Eligible Deposit AccountAccount or if the majority of Certificateholders, in their sole discretion, notify the Owner Trustee Paying Agent in writing that the Certificate Distribution Account should be moved, then the Paying Agent (or the Administrator on behalf of the Owner TrusteePaying Agent, if the Trust Collection Certificate Distribution Account is not then held by the Owner Trustee Paying Agent or an affiliate Affiliate thereof) shall within 10 Business Days establish a new equivalent Eligible Deposit Account at a depository institution or trust company selected by a majority of the Certificateholders and shall transfer any cash and/or any investments to such new account.. 15 (NAROT 2019-B Amended & Restated Trust Agreement)

Establishment of Accounts. (a) On or prior to the Distribution Date on which any Certificates are then held by anyone other than the Notes Administrator or one of all Classes have been paid in full (or substantially all of the Trust Estate is otherwise released from the lien of the Indenture)its Affiliates, the Owner TrusteePaying Agent, for the benefit of the Certificateholders, shall establish and maintain, or shall cause to be established and maintained, in the name of the Trust (or in such other name as shall be specified in the Sale and Servicing Agreement)Issuer, the trust collection certificate distribution account (the “Trust Collection Certificate Distribution Account”). The Trust Collection Certificate Distribution Account shall be established and maintained as an Eligible Deposit Account, and, subject to provisions of the Sale and Servicing Agreement, bearing a designation clearly indicating that, subject to Section 5.01(b), that the funds deposited therein are held by the Trust Issuer under the sole dominion and control of the Paying Agent for the benefit of the Certificateholders. No checks shall be issued, in each case in accordance printed, or honored with Section 5.01 of respect to the Sale and Servicing AgreementCertificate Distribution Account. Subject to Section 5.01(b), the Owner Trustee Paying Agent shall possess all right, title and interest in all funds on deposit from time to time in the Trust Collection Certificate Distribution Account and in all proceeds thereof (other than any net investment earnings on Eligible Investments held therein)thereof. Except as otherwise expressly provided herein, the Trust Collection Certificate Distribution Account shall be under the sole dominion and control of the Owner Trustee Paying Agent for the benefit of the 14 (Nissan 2017-B Amended & Restated Trust Agreement) Certificateholders. If, at any time, the Trust Collection Certificate Distribution Account ceases to be an Eligible Deposit AccountAccount or if the majority of Certificateholders, in their sole discretion, notify the Owner Trustee Paying Agent in writing that the Certificate Distribution Account should be moved, then the Paying Agent (or the Administrator on behalf of the Owner TrusteePaying Agent, if the Trust Collection Certificate Distribution Account is not then held by the Owner Trustee Paying Agent or an affiliate Affiliate thereof) shall within 10 Business Days establish a new equivalent Eligible Deposit Account at a depository institution or trust company selected by a majority of the Certificateholders and shall transfer any cash and/or any investments to such new account.

Establishment of Accounts. (a) On or prior to the Distribution Date on which any Certificates are then held by anyone other than the Notes Administrator or one of all Classes have been paid in full (or substantially all of the Trust Estate is otherwise released from the lien of the Indenture)its Affiliates, the Owner TrusteePaying Agent, for the benefit of the Certificateholders, shall establish and maintain, or shall cause to be established and maintained, in the name of the Trust (or in such other name as shall be specified in the Sale and Servicing Agreement)Issuer, the trust collection certificate distribution account (the “Trust Collection Certificate Distribution Account”). The Trust Collection Certificate Distribution Account shall be established and maintained as an Eligible Deposit Account, and, subject to provisions of the Sale and Servicing Agreement, bearing a designation clearly indicating that, subject to Section 5.01(b), that the funds deposited therein are held by the Trust Issuer under the sole dominion and control of the Paying Agent for the benefit of the Certificateholders. No checks shall be issued, in each case in accordance printed, or honored with Section 5.01 of respect to the Sale and Servicing AgreementCertificate Distribution Account. Subject to Section 5.01(b), the Owner Trustee Paying Agent shall possess all right, title and interest in all funds on deposit from time to time in the Trust Collection Certificate Distribution Account and in all proceeds thereof (other than any net investment earnings on Eligible Investments held therein)thereof. Except as otherwise expressly provided herein, the Trust Collection Certificate Distribution Account shall be under the sole dominion and control of the Owner Trustee Paying Agent for the benefit of the (NAROT 2018-A Amended & Restated Trust Agreement) Certificateholders. If, at any time, the Trust Collection Certificate Distribution Account ceases to be an Eligible Deposit AccountAccount or if the majority of Certificateholders, in their sole discretion, notify the Owner Trustee Paying Agent in writing that the Certificate Distribution Account should be moved, then the Paying Agent (or the Administrator on behalf of the Owner TrusteePaying Agent, if the Trust Collection Certificate Distribution Account is not then held by the Owner Trustee Paying Agent or an affiliate Affiliate thereof) shall within 10 Business Days establish a new equivalent Eligible Deposit Account at a depository institution or trust company selected by a majority of the Certificateholders and shall transfer any cash and/or any investments to such new account.

Establishment of Accounts. (a) On or prior to the Distribution Date on which any Certificates are then held by anyone other than the Notes Administrator or one of all Classes have been paid in full (or substantially all of the Trust Estate is otherwise released from the lien of the Indenture)its Affiliates, the Owner TrusteePaying Agent, for the benefit of the Certificateholders, shall establish and maintain, or shall cause to be established and maintained, in the name of the Trust (or in such other name as shall be specified in the Sale and Servicing Agreement)Issuer, the trust collection certificate distribution account (the “Trust Collection Certificate Distribution Account”). The Trust Collection Certificate Distribution Account shall be established and maintained as an Eligible Deposit Account, and, subject to provisions of the Sale and Servicing Agreement, bearing a designation clearly indicating that, subject to Section 5.01(b), that the funds deposited therein are held by the Trust Issuer under the sole dominion and control of the Paying Agent for the benefit of the Certificateholders. No checks shall be issued, in each case in accordance printed, or honored with Section 5.01 of respect to the Sale and Servicing AgreementCertificate Distribution Account. Subject to Section 5.01(b), the Owner Trustee Paying Agent shall possess all right, title and interest in all funds on deposit from time to time in the Trust Collection Certificate Distribution Account and in all proceeds thereof (other than any net investment earnings on Eligible Investments held therein)thereof. Except as otherwise expressly provided herein, the Trust Collection Certificate Distribution Account shall be under the sole dominion and control of the Owner Trustee Paying Agent for the benefit of the Certificateholders. If, at any time, the Trust Collection Certificate Distribution Account ceases to be an Eligible Deposit AccountAccount or if the majority of Certificateholders, in their sole discretion, notify the Owner Trustee Paying Agent in writing that the Certificate Distribution Account should be moved, then the Paying Agent (or the Administrator on behalf of the Owner TrusteePaying Agent, if the Trust Collection Certificate Distribution Account is not then held by the Owner Trustee Paying Agent or an affiliate Affiliate thereof) shall within 10 Business Days establish a new equivalent Eligible Deposit Account at a depository institution or trust company selected by a majority of the Certificateholders and shall transfer any cash and/or any investments to such new account.. 15 (NAROT 2019-A Amended & Restated Trust Agreement)

Establishment of Accounts. (a) On or prior to the Distribution Date on which any Certificates are then held by anyone other than the Notes Administrator or one of all Classes have been paid in full (or substantially all of the Trust Estate is otherwise released from the lien of the Indenture)its Affiliates, the Owner TrusteePaying Agent, for the benefit of the Certificateholders, shall establish and maintain, or shall cause to be established and maintained, in the name of the Trust (or in such other name as shall be specified in the Sale and Servicing Agreement)Issuer, the trust collection certificate distribution account (the “Trust Collection Certificate Distribution Account”). The Trust Collection Certificate Distribution Account shall be established and maintained as an Eligible Deposit Account, and, subject to provisions of the Sale and Servicing Agreement, bearing a designation clearly indicating that, subject to Section 5.01(b), that the funds deposited therein are held by the Trust Issuer under the sole dominion and control of the Paying Agent for the benefit of the Certificateholders. No checks shall be issued, in each case in accordance printed, or honored with Section 5.01 of respect to the Sale and Servicing AgreementCertificate Distribution Account. Subject to Section 5.01(b), the Owner Trustee Paying Agent shall possess all right, title and interest in all funds on deposit from time to time in the Trust Collection Certificate Distribution Account and in all proceeds thereof (other than any net investment earnings on Eligible Investments held therein)thereof. Except as otherwise expressly provided herein, the Trust Collection Certificate Distribution Account shall be under the sole dominion and control of the Owner Trustee Paying Agent for the benefit of the Certificateholders. If, at any time, the Trust Collection Certificate Distribution Account ceases to be an Eligible Deposit AccountAccount or if the majority of Certificateholders, in their sole discretion, notify the Owner Trustee Paying Agent in writing that the Certificate Distribution Account should be moved, then the Paying Agent (or the Administrator on behalf of the Owner TrusteePaying Agent, if the Trust Collection Certificate Distribution Account is not then held by the Owner Trustee Paying Agent or an affiliate Affiliate thereof) shall within 10 ten (10) Business Days establish a new equivalent Eligible Deposit Account at a depository institution or trust company selected by a majority of the Certificateholders and shall transfer any cash and/or any investments to such new account.

Establishment of Accounts. (a) On or prior to the Distribution Date on which any Certificates are then held by anyone other than the Notes Administrator or one of all Classes have been paid in full (or substantially all of the Trust Estate is otherwise released from the lien of the Indenture)its Affiliates, the Owner Trustee, for the benefit of the Certificateholders, shall establish and maintain, or shall cause to be established and maintained, in the name of the Trust Issuer (or in such other name as shall be specified in the Sale and Servicing Agreement), the trust collection certificate distribution account (the “Trust Collection Certificate Distribution Account”). The Trust Collection Certificate Distribution Account shall be established and maintained as an Eligible Deposit Account, and, subject to provisions of the Sale and Servicing Agreement, bearing a designation clearly indicating that, subject to Section 5.01(b), the funds deposited therein are held by the Trust Issuer for the benefit of the Certificateholders, in each case in accordance with Section 5.01 of the Sale and Servicing Agreement. No checks shall be issued, printed, or honored with respect to the Certificate Distribution Account. Subject to Section 5.01(b), the Owner Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Trust Collection Certificate Distribution Account and in all proceeds thereof (other than any net investment earnings on Eligible Investments held therein)thereof. Except as otherwise expressly provided herein, the Trust Collection Certificate Distribution Account shall be under the sole dominion and control of the Owner Trustee for the benefit of the Certificateholders. If, at any time, the Trust Collection Certificate Distribution Account ceases to be an Eligible Deposit AccountAccount or if the majority of Certificateholders, in their sole discretion, notify the Owner Trustee in writing that the Certificate Distribution Account should be moved, then the Owner Trustee (or the Administrator on behalf of the Owner Trustee, if the Trust Collection Certificate Distribution Account is not then held by the Owner Trustee or an affiliate Affiliate thereof) shall within 10 Business Days establish a new equivalent Eligible Deposit Account at a depository institution or trust company selected by a majority of the Certificateholders and shall transfer any cash and/or any investments to such new account.