Establishment of Certificate Distribution Account. (a) The Owner Trustee, for the benefit of the Certificateholders and the Security Insurer, shall establish and maintain in the name of the Trust an Eligible Deposit Account (the "Certificate Distribution Account"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Certificateholders and the Security Insurer.
Appears in 9 contracts
Samples: Trust Agreement (TMS Auto Holdings Inc), Trust Agreement (Franklin Receivables LLC), Trust Agreement (Franklin Receivables LLC)
Establishment of Certificate Distribution Account. (a) The Owner Trustee, for the benefit of the Certificateholders and the Security InsurerCertificateholders, shall establish and maintain in the name of the Trust an Eligible Deposit Account (the "“Certificate Distribution Account"”), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Certificateholders and the Security InsurerCertificateholders.
Appears in 5 contracts
Samples: Trust Agreement (Franklin Auto Trust 2008-A), Trust Agreement (Franklin Receivables LLC), Trust Agreement (Franklin Auto Trust 2007-1)
Establishment of Certificate Distribution Account. (a) The Owner Trustee, for the benefit of the Certificateholders and the Security Insurer, shall establish and maintain in the name of the Trust an Eligible Deposit Account (the "“Certificate Distribution Account"”), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Certificateholders and the Security Insurer.
Appears in 4 contracts
Samples: Trust Agreement (Franklin Auto Trust 2004-1), Trust Agreement (Franklin Receivables Auto Trust 2003-1), Trust Agreement (Franklin Auto Trust 2004-2)
Establishment of Certificate Distribution Account. (a) The Owner TrusteeServicer, for the benefit of the Certificateholders and the Security InsurerCertificateholders, shall establish and maintain in the name of the Trust Owner Trustee an Eligible Deposit Account known as the Certificate Distribution Account (the "Certificate Distribution Account"), bearing a an additional designation clearly indicating that the funds deposited therein are held for the benefit of the Certificateholders and the Security InsurerCertificateholders. The Certificate Distribution Account shall initially be established with .
Appears in 3 contracts
Samples: Trust Agreement (Asset Backed Securities Corp), Trust Agreement (Gs Mortgage Securities Corp), Trust Agreement (Ace Securities Corp)
Establishment of Certificate Distribution Account. (a) The Owner Trustee, for the benefit of the Certificateholders and the Security InsurerCertificateholders, shall establish or cause to be established and maintain in the name of the Trust an Eligible Deposit Account (the "Certificate Distribution Account"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Certificateholders and Certificateholders. The Certificate Distribution Account shall be initially established with the Security InsurerCertificate Paying Agent.
Appears in 3 contracts
Samples: Trust Agreement (Ml Asset Backed Corp), Trust Agreement (Securitized Asset Backed Receivables LLC), Trust Agreement (Painewebber Asset Acceptance Corp)
Establishment of Certificate Distribution Account. (a) The Owner Trustee, for the benefit of the Certificateholders and the Security InsurerCertificateholders, shall establish and maintain in the name of the Trust an Eligible Deposit Account (the "Certificate Distribution Account"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Certificateholders and the Security InsurerCertificateholders.
Appears in 2 contracts
Samples: Trust Agreement (Money Store Auto Trust 1996-2), Trust Agreement (Nationsfinancial Funding Corp)
Establishment of Certificate Distribution Account. (a) The ------------------------------------------------- Owner Trustee, for the benefit of the Certificateholders and the Security Insurer, shall establish and maintain in the name of the Trust an Eligible Deposit Account (the "Certificate Distribution Account"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Certificateholders and the Security Insurer.
Appears in 2 contracts
Samples: Trust Agreement (Franklin Receivables LLC), Trust Agreement (Franklin Receivables LLC)
Establishment of Certificate Distribution Account. (a) The ------------------------------------------------- Owner Trustee, for the benefit of the Certificateholders and the Security InsurerCertificateholders, shall establish or cause to be established and maintain in the name of the Trust an Eligible Deposit Account (the "Certificate Distribution Account"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Certificateholders and Certificateholders. The Certificate Distribution Account shall be initially established with the Security InsurerCertificate Paying Agent.
Appears in 2 contracts
Samples: Trust Agreement (Prudential Securities Secured Financing Corp), Trust Agreement (Prudential Securities Secured Financing Corp)
Establishment of Certificate Distribution Account. (a) The Owner TrusteeServicer, for the benefit of the Certificateholders and the Security InsurerCertificateholder, shall establish and maintain in the name of the Trust Owner Trustee an Eligible Deposit Account known as the Ally Master Owner Trust Certificate Distribution Account (the "“Certificate Distribution Account"”), bearing a an additional designation clearly indicating that the funds deposited therein are held for the benefit of the Certificateholders and Certificateholder. The Certificate Distribution Account shall initially be established with the Security InsurerOwner Trustee.
Appears in 1 contract
Establishment of Certificate Distribution Account. (a) The Owner TrusteeServicer, for the benefit of the Certificateholders and the Security InsurerCertificateholders, shall establish and maintain in the name of the Trust Owner Trustee an Eligible Deposit Account known as the Certificate Distribution Account (the "Certificate Distribution Account"), bearing a an additional designation clearly indicating that the funds deposited therein are held for the benefit of the Certificateholders and the Security InsurerCertificateholders. The Certificate Distribution Account shall initially be established with.
Appears in 1 contract
Samples: Trust Agreement (Goldman Sachs Asset Backed Securities Corp)
Establishment of Certificate Distribution Account. (a) The Owner Trustee, for the benefit of the Certificateholders and the Security InsurerCertificateholders, shall establish or cause to be established and maintain maintained in the name of the Trust an Eligible Deposit Account (the "Certificate Distribution Account"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Certificateholders and Certificateholders. The Certificate Distribution Account shall be initially established with the Security InsurerCertificate Paying Agent.
Appears in 1 contract
