Common use of Establishment of Trust Accounts Clause in Contracts

Establishment of Trust Accounts. (a) (i) The Trust Collateral Agent, on behalf of the Noteholders, shall establish and maintain in its own name an Eligible Deposit Account (the “Collection Account”), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Trust Collateral Agent on behalf of the Noteholders. The Collection Account shall initially be established with the Trust Collateral Agent.

Appears in 126 contracts

Samples: Sale and Servicing (GM Financial Consumer Automobile Receivables Trust 2024-2), Sale and Servicing (GM Financial Consumer Automobile Receivables Trust 2024-2), Sale and Servicing (AmeriCredit Automobile Receivables Trust 2010-1)

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Establishment of Trust Accounts. (a) (i) The Trust Collateral Agent, on behalf of the NoteholdersNoteholders and the Insurer, shall establish and maintain in its own name an Eligible Deposit Account (the “Collection Account”), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Trust Collateral Agent on behalf of the NoteholdersNoteholders and the Insurer. The Collection Account shall initially be established with the Trust Collateral Agent.

Appears in 19 contracts

Samples: Sale and Servicing Agreement (Americredit Financial Services Inc), Sale and Servicing Agreement (AmeriCredit Automobile Receivables Trust 2008-a-F), Sale and Servicing Agreement (AmeriCredit Automobile Receivables Trust 2004-C-A)

Establishment of Trust Accounts. (a) (i) The Trust Collateral Agent, on behalf of the NoteholdersNoteholders and the Insurer, shall establish and maintain in its own name an Eligible Deposit Account (the "Collection Account"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Trust Collateral Agent on behalf of the NoteholdersNoteholders and the Insurer. The Collection Account shall initially be established with the Trust Collateral Agent.

Appears in 15 contracts

Samples: Sale and Servicing Agreement (Americredit Automobile Receivables Trust 2003-B-X), Sale and Servicing Agreement (AmeriCredit Automobile Receivables Trust 2007-a-X), Sale and Servicing Sale and Servicing Agreement (Americredit Financial Services Inc)

Establishment of Trust Accounts. (a) (i) The Trust Collateral Agent, on behalf of the NoteholdersNoteholders and the Insurer, shall establish and maintain in its own name an Eligible Deposit Account (the “Collection Account”), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Trust Collateral Agent Agent, in trust, on behalf of the NoteholdersNoteholders and the Insurer. The Collection Account shall initially be established with the Trust Collateral Agent.

Appears in 7 contracts

Samples: Sale and Servicing (UPFC Auto Receivables Corp.), Sale and Servicing (UPFC Auto Receivables Trust 2007-A), Sale and Servicing (UPFC Auto Receivables Trust 2006-B)

Establishment of Trust Accounts. (a) (i) The Trust Collateral Agent, on behalf of the NoteholdersNoteholders and the Insurer, shall establish and maintain in its own name an Eligible Deposit Account (the “Collection Account”"COLLECTION ACCOUNT"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Trust Collateral Agent on behalf of the NoteholdersNoteholders and the Insurer. The Collection Account shall initially be established with the Trust Collateral Agent.

Appears in 6 contracts

Samples: Sale and Servicing Agreement (Americredit Financial Services Inc), Sale and Servicing (Americredit Financial Services Inc), Sale and Servicing (Americredit Financial Services Inc)

Establishment of Trust Accounts. (a) (i) The Trust Collateral Agent, on behalf of the Noteholders, the Certificateholders and the Insurer, shall establish and maintain in its own name an Eligible Deposit Account (the "Collection Account"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Trust Collateral Agent on behalf of the Noteholders, the Certificateholders and the Insurer. The Collection Account shall initially be established with the Trust Collateral Agent.

Appears in 4 contracts

Samples: Sale and Servicing (National Auto Finance Co Inc), Sale and Servicing Agreement (National Auto Finance Co Inc), Sale and Servicing Agreement (National Financial Auto Funding Trust)

Establishment of Trust Accounts. (a) (i) The Trust Collateral Agent, on behalf of the Noteholders, shall establish and maintain in its own name an Eligible Deposit Account (the "Collection Account"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Trust Collateral Agent on behalf of the Noteholders. The Collection Account shall initially be established with the Trust Collateral Agent.

Appears in 2 contracts

Samples: Sale and Servicing Agreement (Americredit Automobile Receivables Trust 2005-1), Sale and Servicing Agreement (Americredit Corp)

Establishment of Trust Accounts. (a) (i) The Trust Collateral Agent, on behalf of the Noteholders, [shall establish and maintain in its own name]/[in the name of and for the benefit of the Trust shall establish] an Eligible Deposit Account (the “Collection Account”), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of [the Trust Collateral Agent on behalf of the NoteholdersNoteholders]/[the Trust]. The Collection Account shall initially be established with the Trust Collateral Agent.

Appears in 2 contracts

Samples: Sale and Servicing (Afs Sensub Corp.), Sale and Servicing (AFS SenSub Corp.)

Establishment of Trust Accounts. (a) (ia)(i) The Trust Collateral Agent, on behalf of the NoteholdersSecurityholders and the Insurer, shall establish and maintain in its own name an Eligible Deposit Account (the "Collection Account"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Trust Collateral Agent on behalf of the Noteholders. The Collection Account shall initially be established with Securityholders and the Trust Collateral AgentInsurer.

Appears in 2 contracts

Samples: Sale and Servicing (Americredit Financial Services Inc), Sale and Servicing (Americredit Financial Services Inc)

Establishment of Trust Accounts. (a) (i) The Trust Collateral Agent, on behalf of the Noteholders, shall establish and maintain in its own name an Eligible Deposit Account (the “Collection Account”), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Trust Collateral Agent on behalf of the Noteholders. The Collection Account shall initially be established with the Trust Collateral Agent.Trust

Appears in 2 contracts

Samples: Sale and Servicing (AmeriCredit Automobile Receivables Trust 2021-3), Sale and Servicing (AmeriCredit Automobile Receivables Trust 2021-3)

Establishment of Trust Accounts. (a) (i) The Trust Collateral Agent, on behalf of the NoteholdersNoteholders and the Insurer, shall establish and maintain in its own name an Eligible Deposit Account (the “Collection Account”), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of by the Trust Collateral Agent on behalf of the NoteholdersNoteholders and the Insurer. The Collection Account shall initially be established with the Trust Collateral Agent.

Appears in 2 contracts

Samples: Sale and Servicing (AFS Funding Trust), Sale and Servicing (Americredit Automobile Receivable Trust 2005-D-A)

Establishment of Trust Accounts. (a) (i) The Trust Collateral Agent, on behalf of the Noteholders, shall establish and maintain in its own name an Eligible Deposit Account (the “Collection Account”), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Trust Collateral Agent on behalf of the Noteholders. The Collection Account shall initially be established with the Trust Collateral Agent.

Appears in 1 contract

Samples: Sale and Servicing (AmeriCredit Automobile Receivables Trust 2010-3)

Establishment of Trust Accounts. (a) (i) The Trust Collateral Agent, on behalf of the Noteholders, the Certificateholder and the Insurer, shall establish and maintain in its own name an Eligible Deposit Account (the "Collection Account"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Trust Collateral Agent on behalf of the Noteholders, the Certificateholder and the Insurer. The Collection Account shall initially be established with the Trust Collateral Agent.

Appears in 1 contract

Samples: Sale and Servicing Agreement (National Auto Finance Co Inc)

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Establishment of Trust Accounts. (a) (ia)(i) The Trust Collateral Agent, on behalf of the NoteholdersSecurityholders and the Insurer, shall establish and maintain in its own name an Eligible Deposit Account (the "Collection Account"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Trust Collateral Agent on behalf of the NoteholdersSecurityholders and the Insurer. The Collection Account shall initially be established with the Trust Collateral Agent.

Appears in 1 contract

Samples: Sale and Servicing (Advanta Automobile Receivables Trust 1997-1)

Establishment of Trust Accounts. (a) (i) The Trust Collateral Agent, on behalf of the NoteholdersHolders and the Insurer, shall establish and maintain in its own name an Eligible Deposit Account (the “Collection Account”), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Trust Collateral Agent Agent, in trust, on behalf of the NoteholdersHolders and the Insurer. The Collection Account shall initially be established with the Trust Collateral Agent.

Appears in 1 contract

Samples: Sale and Servicing Agreement (UPFC Auto Receivables Trust 2007-B)

Establishment of Trust Accounts. (a) (i) The Trust Collateral Agent, on behalf of the NoteholdersNoteholders and the Insurer, shall establish and maintain in its own name an Eligible Deposit Account (the “Collection Account”"COLLECTION ACCOUNT"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Trust Collateral Agent on behalf of the NoteholdersNoteholders and the Insurer. The Collection Account shall initially be established and maintained with the Trust Collateral Agent.

Appears in 1 contract

Samples: Sale and Servicing Agreement (MFN Financial Corp)

Establishment of Trust Accounts. (a) (i) The Trust Collateral Agent, on behalf of the Noteholders, [shall establish and maintain in its own name]/[in the name of and for the benefit of the Trust shall establish] an Eligible Deposit Account (the “Collection Account”), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Trust Collateral Agent on behalf of the NoteholdersNoteholders]/[the Trust]. The Collection Account shall initially be established with the Trust Collateral Agent.

Appears in 1 contract

Samples: Sale and Servicing (AFS SenSub Corp.)

Establishment of Trust Accounts. (a) (ia)(i) The Trust Collateral Agent, on behalf of the NoteholdersNoteholders and the Insurer, shall establish and maintain in its own name an Eligible Deposit Account (the "Collection Account"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Trust Collateral Agent on behalf of the Noteholders. The Collection Account shall initially be established with Noteholders and the Trust Collateral AgentInsurer.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Americredit Financial Services Inc)

Establishment of Trust Accounts. (a) (i) The Trust Collateral Agent, on behalf of the Noteholders, shall establish and maintain in its own name an Eligible Deposit Account (the "Collection Account"), bearing a designation clearly ------------------ indicating that the funds deposited therein are held for the benefit of the Trust Collateral Agent on behalf of the Noteholders. The Collection Account shall initially be established with the Trust Collateral Agent.

Appears in 1 contract

Samples: Sale and Servicing (Americredit Corp)

Establishment of Trust Accounts. (a) (i) (i) The Trust Collateral Agent, on behalf of the Noteholders, shall establish and maintain in its own name an Eligible Deposit Account (the “Collection Account”), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Trust Collateral Agent on behalf of the Noteholders. The Collection Account shall initially be established with the Trust Collateral Agent.

Appears in 1 contract

Samples: Sale and Servicing (AmeriCredit Automobile Receivables Trust 2012-4)

Establishment of Trust Accounts. (a) (i) (i) The Trust Collateral Agent, on behalf of the Noteholders, [shall establish and maintain in its own name]/[in the name of and for the benefit of the Trust shall establish] an Eligible Deposit Account (the “Collection Account”), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of [the Trust Collateral Agent on behalf of the NoteholdersNoteholders]/[the Trust]. The Collection Account shall initially be established with the Trust Collateral Agent.

Appears in 1 contract

Samples: Sale and Servicing (Afs Sensub Corp.)

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