Establishment of Reserve Account. First Union shall establish and maintain, and under the circumstances described in Section 4(E) CFS shall be required to fund, a separate interest bearing account in the name of First Union and CFS and designated as the Reserve account (the "Reserve Account"). CFS shall have no right or claim to any amounts deposited in or otherwise credited to any Reserve Account except to the extent expressly set forth herein.
Appears in 3 contracts
Samples: Origination Responsibility Agreement (Collegiate Funding Services Inc), Origination Responsibility Agreement (Collegiate Funding Services Inc), Origination Responsibility Agreement (Collegiate Funding Services Inc)
