Establishment of Special Funding Account. On the Reserve Funding Date, the Collateral Custodian shall establish and shall thereafter maintain a separate segregated trust account with the Paying Agent in Minneapolis, Minnesota in the name of the Collateral Custodian (the “Special Funding Account”). On the Reserve Funding Date, the Seller shall deposit into the Special Funding Account an amount not less than $12,500,000 in immediately available funds.
Appears in 4 contracts
Samples: Sale and Servicing Agreement (Capitalsource Inc), Sale and Servicing Agreement (Capitalsource Inc), Sale and Servicing Agreement (Capitalsource Inc)
