Establishment of Other Accounts. (i) The Indenture Trustee shall establish, initially with itself, the Reserve Account, the Collection Account and the Note Distribution Account, each in the name of the Indenture Trustee for the benefit of the Noteholders and, solely in the case of the Collection Account and the Reserve Account, the Certificateholders. The Indenture Trustee shall establish, initially with itself, the Class N Reserve Account in the name of the Indenture Trustee for the benefit of the Class N Noteholders.
Establishment of Other Accounts. Prior to the initial Advance in any currency other than Dollars hereunder or Reinvestment in or pledge of Collateral Obligations denominated in any currency other than Dollars, evidence that each Account with respect to such currency has been established; and
Establishment of Other Accounts. The Obligors shall establish with an Acceptable Bank, and will maintain in full force and effect during the periods throughout the term of this Agreement set forth below, (i) a Debt Service Reserve Account (said account, together with any replacements thereof or substitutions therefor, the “Debt Service Reserve Account”), upon the first occurrence of an event that requires funds to be deposited therein to satisfy the Debt Service Reserve Requirement (whether by amounts on deposit in such Debt Service Reserve Account and/or availability under a Debt Service Reserve Letter of Credit), (ii) a Default Revenue Account (said account, together with any replacements thereof or substitutions therefor, the “Default Revenue Account”), upon the first occurrence of a Default or an Event of Default and Trustee’s receipt of written direction from the Required Secured Parties in accordance with Section 7.1(a), (iii) a Control Account (said account, together with any replacements thereof or substitutions therefor, the “Control Account”), upon the first occurrence of a Control Event and Trustee’s receipt of written direction from the Required Secured Parties and (iv) a Collateral Proceeds Account (said account, together with any replacements thereof or substitutions therefor, the “Collateral Proceeds Account”), upon the first occurrence of any event that requires funds to be deposited in the Collateral Proceeds Account in accordance with Section 7.5; provided, that each such Account shall be established and maintained by the Trustee (it being understood that the Trustee shall be an Acceptable Bank for purposes herein so long as the Trustee satisfies the requirements of Section 8.11 hereof) for the benefit of the Secured Parties.
Establishment of Other Accounts. The Purchaser shall establish the Collection Account.
