Common use of Interest Funding Account Clause in Contracts

Interest Funding Account. (a) The Trustee shall establish and maintain with a Qualified Institution, which may be the Trustee, in the name of the Trust, on behalf of the Trust, for the benefit of the Investor Certificateholders, a segregated trust account with the corporate trust department of such Qualified Institution (the "Interest Funding Account"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Series 2000-K Certificateholders. The Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Interest Funding Account and in all proceeds thereof. The Interest Funding Account shall be under the sole dominion and control of the Trustee for the benefit of the Series 2000-K Certificateholders. If at any time the institution holding the Interest Funding Account ceases to be a Qualified Institution, the Seller shall notify the Trustee, and the Trustee upon being notified (or the Servicer on its behalf) shall, within 10 Business Days, establish a new Interest Funding Account meeting the conditions specified above with a Qualified Institution, and shall transfer any cash or any investments to such new Interest Funding Account. The Trustee, at the direction of the Servicer, shall (i) make withdrawals from the Interest Funding Account from time to time, in the amounts and for the purposes set forth in this Series Supplement, and (ii) on each Transfer Date make a deposit into the Interest Funding Account in the amounts specified in, and otherwise in accordance with, subsections 4.09(a) and (b). (b) Funds on deposit in the Interest Funding Account shall be invested at the direction of the Servicer by the Trustee in Permitted Investments. Funds on deposit in the Interest Funding Account on any Transfer Date, after giving effect to any withdrawals from the Interest Funding Account on such Transfer Date, shall be invested in such investments that will mature so that such funds will be available for withdrawal on or prior to the following Transfer Date. The Trustee shall: (i) hold each Permitted Investment (other than such as are described in clause (c) of the definition thereof) that constitutes investment property through a securities intermediary, which securities intermediary shall agree with the Trustee that (I) such investment property shall at all times be credited to a securities account of the Trustee, (II) such securities intermediary shall comply with entitlement orders originated by the Trustee without the further consent of any other person or entity, (III) all property credited to such securities account shall be treated as a financial asset, (IV) such securities intermediary shall waive any lien on, security interest in, or right of set-off with respect to any property credited to such securities account, and (V) such agreement shall be governed by the laws of the State of New York; (ii) maintain possession of each other Permitted Investment not described in clause (i) above (other than such as are described in clause (c) of the definition thereof); and (iii) cause each Permitted Investment described in clause (c) of the definition thereof to be registered in the name of the Trustee by the issuer thereof; provided, that no Permitted Investment shall be disposed of prior to its maturity date. Terms used in clause (i) above that are defined in the New York UCC and not otherwise defined herein shall have the meaning set forth in the New York UCC. On each Transfer Date, the Trustee, acting at the Servicer's direction given on or before such Transfer Date, shall transfer from the Interest Funding Account to the Finance Charge Account the Interest Funding Investment Proceeds on deposit in the Interest Funding Account for application as Class A Available Funds applied pursuant to subsection 4.09(a)(i). Interest Funding Investment Proceeds (including reinvested interest) shall not be considered part of the amounts on deposit in the Interest Funding Account for purposes of this Series Supplement. SECTION 8. Article V

Interest Funding Account. (a) The Trustee shall establish and maintain with a Qualified Institution, which may be the Trustee, in the name of the Trust, on behalf of the Trust, for the benefit of the Investor CertificateholdersHolders, a segregated trust account with the corporate trust department of such Qualified Institution (the "“Interest Funding Account"”), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Series 2000-K CertificateholdersInvestor Holders or establish and maintain the Interest Funding Account with a Qualified Institution. The Interest Funding Account shall be divided into three administrative subaccounts, the Class A Interest Funding Account (the “Class A Interest Funding Account”), the Class B Interest Funding Account (the “Class B Interest Funding Account”) and the Collateral Interest Monthly Interest Funding Account (the “Collateral Interest Monthly Interest Funding Account”). The Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Interest Funding Account and in all proceeds thereof. The Interest Funding Account shall be under the sole dominion and control of the Trustee for the benefit of the Series 2000-K CertificateholdersInvestor Holders. If at any time the institution a Qualified Institution holding the Interest Funding Account ceases to be a Qualified Institution, the Seller Transferor shall notify the Trustee, and the Trustee upon being notified (or the Servicer on its behalf) shall, within 10 Business Days, establish a new Interest Funding Account meeting the conditions specified above with a Qualified Institutionabove, and shall transfer any cash or any investments to such new Interest Funding Account. The Trustee, at the direction of the Servicer, shall (i) make withdrawals from the Interest Funding Account and the relevant subaccount from time to time, in the amounts and for the purposes set forth in this Series Supplement, and (ii) on each Transfer Date make a deposit into the Interest Funding Account in the amounts specified in, and otherwise in accordance with, subsections 4.09(a) and (b). (b) Funds on deposit in the Interest Funding Account shall be invested at the direction of the Servicer by the Trustee in Permitted Investments. Funds on deposit in the Interest Funding Account on any Transfer Date, after giving effect to any withdrawals from the Interest Funding Account on such Transfer Date, shall be invested in such investments that will mature so that such funds will be available for withdrawal on or prior to the following Transfer Date. The Trustee shall: (i) hold each Permitted Investment (other than such as are described in clause (c) of the definition thereof) that constitutes investment property through a securities intermediary, which securities intermediary shall agree with the Trustee that (I) such investment property shall at all times be credited to a securities account of the Trustee, (II) such securities intermediary shall comply with entitlement orders originated by the Trustee without the further consent of any other person or entity, (III) all property credited to such securities account shall be treated as a financial asset, (IV) such securities intermediary shall waive any lien on, security interest in, or right of set-off with respect to any property credited to such securities account, and (V) such agreement shall be governed by the laws of the State of New York; (ii) maintain possession of each other Permitted Investment not described in clause (i) above (other than such as are described in clause (c) of the definition thereof); and (iii) cause each Permitted Investment described in clause (c) of the definition thereof to be registered in the name of the Trustee by the issuer thereof; provided, that no Permitted Investment shall be disposed of prior to its maturity date. Terms used in clause (i) above that are defined in the New York UCC and not otherwise defined herein shall have the meaning set forth in the New York UCC. On each Transfer Date, the Trustee, acting at the Servicer's direction given on or before such Transfer Date, shall transfer from the Interest Funding Account to the Finance Charge Account the Interest Funding Investment Proceeds on deposit in the Interest Funding Account for application as Class A Available Funds applied pursuant to subsection 4.09(a)(i). Interest Funding Investment Proceeds (including reinvested interest) shall not be considered part of the amounts on deposit in the Interest Funding Account for purposes of this Series Supplement. SECTION 8. Article V.

Interest Funding Account. (a) The Trustee shall establish and maintain with a Qualified Institution, which may be the Trustee, in the name of the Trust, on behalf of the Trust, for the benefit of the Investor Certificateholders, a segregated trust account with the corporate trust department of such Qualified Institution (the "Interest Funding Account"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Series 20001997-K M Certificateholders. The Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Interest Funding Account and in all proceeds thereof. The Interest Funding Account shall be under the sole dominion and control of the Trustee for the benefit of the Series 20001997-K M Certificateholders. If at any time the institution holding the Interest Funding Account ceases to be a Qualified Institution, the Seller shall notify the Trustee, and the Trustee upon being notified (or the Servicer on its behalf) shall, within 10 Business Days, establish a new Interest Funding Account meeting the conditions specified above with a Qualified Institution, and shall transfer any cash or any investments to such new Interest Funding Account. The Trustee, at the direction of the Servicer, shall (i) make withdrawals from the Interest Funding Account from time to time, in the amounts and for the purposes set forth in this Series Supplement, and (ii) on each Transfer Date make a deposit into the Interest Funding Account in the amounts specified in, and otherwise in accordance with, subsections 4.09(a) and (b). (b) Funds on deposit in the Interest Funding Account shall be invested at the direction of the Servicer by the Trustee in Permitted Investments. Funds on deposit in the Interest Funding Account on any Transfer Date, after giving effect to any withdrawals from the Interest Funding Account on such Transfer Date, shall be invested in such investments that will mature so that such funds will be available for withdrawal on or prior to the following Transfer Date. The Trustee shall: (i) hold each Permitted Investment (other than such as are described in clause (c) of the definition thereof) that constitutes investment property through a securities intermediary, which securities intermediary shall agree with the Trustee that (I) such investment property shall at all times be credited to a securities account of the Trustee, (II) such securities intermediary shall comply with entitlement orders originated by the Trustee without the further consent of any other person or entity, (III) all property credited to such securities account shall be treated as a financial asset, (IV) such securities intermediary shall waive any lien on, security interest in, or right of set-off with respect to any property credited to such securities account, and (V) such agreement shall be governed by the laws of the State of New York; (ii) maintain possession of each other Permitted Investment not described in clause (i) above (other than such as are described in clause (c) of the definition thereof); and (iii) cause each Permitted Investment described in clause (c) of the definition thereof to be registered in the name of the Trustee by the issuer thereof; provided, that no Permitted Investment shall be disposed of prior to its maturity date. Terms used in clause (i) above that are defined in the New York UCC and not otherwise defined herein shall have the meaning set forth in the New York UCC. On each Transfer Date, the Trustee, acting at the Servicer's direction given on or before such Transfer Date, shall transfer from the Interest Funding Account to the Finance Charge Account the Interest Funding Investment Proceeds on deposit in the Interest Funding Account for application as Class A Available Funds applied pursuant to subsection 4.09(a)(i). Interest Funding Investment Proceeds (including reinvested interest) shall not be considered part of the amounts on deposit in the Interest Funding Account for purposes of this Series Supplement. SECTION 8. Article V.

Interest Funding Account. (a) The Trustee shall establish and maintain with a Qualified Institution, which may be the Trustee, in the name of the Trust, on behalf of the Trust, for the benefit of the Investor Certificateholders, a segregated trust account with the corporate trust department of such Qualified Institution (the "Interest Funding Account"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Series 2000-K G Certificateholders. The Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Interest Funding Account and in all proceeds thereof. The Interest Funding Account shall be under the sole dominion and control of the Trustee for the benefit of the Series 2000-K G Certificateholders. If at any time the institution holding the Interest Funding Account ceases to be a Qualified Institution, the Seller shall notify the Trustee, and the Trustee upon being notified (or the Servicer on its behalf) shall, within 10 Business Days, establish a new Interest Funding Account meeting the conditions specified above with a Qualified Institution, and shall transfer any cash or any investments to such new Interest Funding Account. The Trustee, at the direction of the Servicer, shall (i) make withdrawals from the Interest Funding Account from time to time, in the amounts and for the purposes set forth in this Series Supplement, and (ii) on each Transfer Date make a deposit into the Interest Funding Account in the amounts specified in, and otherwise in accordance with, subsections 4.09(a) and (b). (b) Funds on deposit in the Interest Funding Account shall be invested at the direction of the Servicer by the Trustee in Permitted Investments. Funds on deposit in the Interest Funding Account on any Transfer Date, after giving effect to any withdrawals from the Interest Funding Account on such Transfer Date, shall be invested in such investments that will mature so that such funds will be available for withdrawal on or prior to the following Transfer Date. The Trustee shall: (i) hold each Permitted Investment (other than such as are described in clause (c) of the definition thereof) that constitutes investment property through a securities intermediary, which securities intermediary shall agree with the Trustee that (I) such investment property shall at all times be credited to a securities account of the Trustee, (II) such securities intermediary shall comply with entitlement orders originated by the Trustee without the further consent of any other person or entity, (III) all property credited to such securities account shall be treated as a financial asset, (IV) such securities intermediary shall waive any lien on, security interest in, or right of set-off with respect to any property credited to such securities account, and (V) such agreement shall be governed by the laws of the State of New York; (ii) maintain possession of each other Permitted Investment not described in clause (i) above (other than such as are described in clause (c) of the definition thereof); and (iii) cause each Permitted Investment described in clause (c) of the definition thereof to be registered in the name of the Trustee by the issuer thereof; provided, that no Permitted Investment shall be disposed of prior to its maturity date. Terms used in clause (i) above that are defined in the New York UCC and not otherwise defined herein shall have the meaning set forth in the New York UCC. On each Transfer Date, the Trustee, acting at the Servicer's direction given on or before such Transfer Date, shall transfer from the Interest Funding Account to the Finance Charge Account the Interest Funding Investment Proceeds on deposit in the Interest Funding Account for application as Class A Available Funds applied pursuant to subsection 4.09(a)(i). Interest Funding Investment Proceeds (including reinvested interest) shall not be considered part of the amounts on deposit in the Interest Funding Account for purposes of this Series Supplement. SECTION 8. Article VV of the Agreement. Article V of the Agreement shall read in its entirety as follows and shall be applicable only to the Investor Certificateholders:

Interest Funding Account. (a) The Trustee shall establish and maintain with a Qualified Institution, which may be the Trustee, in the name of the Trust, on behalf of the Trust, for the benefit of the Investor CertificateholdersHolders, a segregated trust account with the corporate trust department of such Qualified Institution (the "Interest Funding Account"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Series 2000-K CertificateholdersInvestor Holders or establish and maintain the Interest Funding Account with a Qualified Institution. The Interest Funding Account shall be divided into three administrative subaccounts, the Class A Interest Funding Account (the "Class A Interest Funding Account"), the Class B Interest Funding Account (the "Class B Interest Funding Account") and the Collateral Interest Monthly Interest Funding Account (the "Collateral Interest Monthly Interest Funding Account"). The Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Interest Funding Account and in all proceeds thereof. The Interest Funding Account shall be under the sole dominion and control of the Trustee for the benefit of the Series 2000-K CertificateholdersInvestor Holders. If at any time the institution a Qualified Institution holding the Interest Funding Account ceases to be a Qualified Institution, the Seller Transferor shall notify the Trustee, and the Trustee upon being notified (or the Servicer on its behalf) shall, within 10 Business Days, establish a new Interest Funding Account meeting the conditions specified above with a Qualified Institutionabove, and shall transfer any cash or any investments to such new Interest Funding Account. The Trustee, at the direction of the Servicer, shall (i) make withdrawals from the Interest Funding Account and the relevant subaccount from time to time, in the amounts and for the purposes set forth in this Series Supplement, and (ii) on each Transfer Date make a deposit into the Interest Funding Account in the amounts specified in, and otherwise in accordance with, subsections 4.09(a) and (b). (b) Funds on deposit in the Interest Funding Account shall be invested at the direction of the Servicer by the Trustee in Permitted Investments. Funds on deposit in the Interest Funding Account on any Transfer Date, after giving effect to any withdrawals from the Interest Funding Account on such Transfer Date, shall be invested in such investments that will mature so that such funds will be available for withdrawal on or prior to the following Transfer Date. The Trustee shall: (i) hold each Permitted Investment (other than such as are described in clause (c) of the definition thereof) that constitutes investment property through a securities intermediary, which securities intermediary shall agree with the Trustee that (I) such investment property shall at all times be credited to a securities account of the Trustee, (II) such securities intermediary shall comply with entitlement orders originated by the Trustee without the further consent of any other person or entity, (III) all property credited to such securities account shall be treated as a financial asset, (IV) such securities intermediary shall waive any lien on, security interest in, or right of set-off with respect to any property credited to such securities account, and (V) such agreement shall be governed by the laws of the State of New York; (ii) maintain possession of each other Permitted Investment not described in clause (i) above (other than such as are described in clause (c) of the definition thereof); and (iii) cause each Permitted Investment described in clause (c) of the definition thereof to be registered in the name of the Trustee by the issuer thereof; provided, that no Permitted Investment shall be disposed of prior to its maturity date. Terms used in clause (i) above that are defined in the New York UCC and not otherwise defined herein shall have the meaning set forth in the New York UCC. On each Transfer Date, the Trustee, acting at the Servicer's direction given on or before such Transfer Date, shall transfer from the Interest Funding Account to the Finance Charge Account the Interest Funding Investment Proceeds on deposit in the Interest Funding Account for application as Class A Available Funds applied pursuant to subsection 4.09(a)(i). Interest Funding Investment Proceeds (including reinvested interest) shall not be considered part of the amounts on deposit in the Interest Funding Account for purposes of this Series Supplement. SECTION 8. Article V.

Interest Funding Account. (a) The Trustee shall establish and maintain with a Qualified Institution, which may be the Trustee, in the name of the Trust, on behalf of the Trust, for the benefit of the Investor Certificateholders, a segregated trust account with the corporate trust department of such Qualified Institution (the "Interest Funding Account"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Series 2000-K F Certificateholders. The Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Interest Funding Account and in all proceeds thereof. The Interest Funding Account shall be under the sole dominion and control of the Trustee for the benefit of the Series 2000-K F Certificateholders. If at any time the institution holding the Interest Funding Account ceases to be a Qualified Institution, the Seller shall notify the Trustee, and the Trustee upon being notified (or the Servicer on its behalf) shall, within 10 Business Days, establish a new Interest Funding Account meeting the conditions specified above with a Qualified Institution, and shall transfer any cash or any investments to such new Interest Funding Account. The Trustee, at the direction of the Servicer, shall (i) make withdrawals from the Interest Funding Account from time to time, in the amounts and for the purposes set forth in this Series Supplement, and (ii) on each Transfer Date make a deposit into the Interest Funding Account in the amounts specified in, and otherwise in accordance with, subsections 4.09(a) and (b). (b) Funds on deposit in the Interest Funding Account shall be invested at the direction of the Servicer by the Trustee in Permitted Investments. Funds on deposit in the Interest Funding Account on any Transfer Date, after giving effect to any withdrawals from the Interest Funding Account on such Transfer Date, shall be invested in such investments that will mature so that such funds will be available for withdrawal on or prior to the following Transfer Date. The Trustee shall: (i) hold each Permitted Investment (other than such as are described in clause (c) of the definition thereof) that constitutes investment property through a securities intermediary, which securities intermediary shall agree with the Trustee that (I) such investment property shall at all times be credited to a securities account of the Trustee, (II) such securities intermediary shall comply with entitlement orders originated by the Trustee without the further consent of any other person or entity, (III) all property credited to such securities account shall be treated as a financial asset, (IV) such securities intermediary shall waive any lien on, security interest in, or right of set-off with respect to any property credited to such securities account, and (V) such agreement shall be governed by the laws of the State of New York; (ii) maintain possession of each other Permitted Investment not described in clause (i) above (other than such as are described in clause (c) of the definition thereof); and (iii) cause each Permitted Investment described in clause (c) of the definition thereof to be registered in the name of the Trustee by the issuer thereof; provided, that no Permitted Investment shall be disposed of prior to its maturity date. Terms used in clause (i) above that are defined in the New York UCC and not otherwise defined herein shall have the meaning set forth in the New York UCC. On each Transfer Date, the Trustee, acting at the Servicer's direction given on or before such Transfer Date, shall transfer from the Interest Funding Account to the Finance Charge Account the Interest Funding Investment Proceeds on deposit in the Interest Funding Account for application as Class A Available Funds applied pursuant to subsection 4.09(a)(i). Interest Funding Investment Proceeds (including reinvested interest) shall not be considered part of the amounts on deposit in the Interest Funding Account for purposes of this Series Supplement. SECTION 8. Article V

Interest Funding Account. (a) The Trustee shall establish and maintain with a Qualified Institution, which may be the Trustee, in the name of the Trust, on behalf of the Trust, for the benefit of the Investor CertificateholdersHolders, a segregated trust account with the corporate trust department of such Qualified Institution (the "Interest Funding AccountINTEREST FUNDING ACCOUNT"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Series 2000-K CertificateholdersInvestor Holders or establish and maintain the Interest Funding Account with a Qualified Institution. The Interest Funding Account shall be divided into three administrative subaccounts, the Class A Interest Funding Account (the "CLASS A INTEREST FUNDING ACCOUNT"), the Class B Interest Funding Account (the "CLASS B INTEREST FUNDING ACCOUNT") and the Collateral Interest Monthly Interest Funding Account (the "COLLATERAL INTEREST MONTHLY INTEREST FUNDING ACCOUNT"). The Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Interest Funding Account and in all proceeds thereof. The Interest Funding Account shall be under the sole dominion and control of the Trustee for the benefit of the Series 2000-K CertificateholdersInvestor Holders. If at any time the institution a Qualified Institution holding the Interest Funding Account ceases to be a Qualified Institution, the Seller Transferor shall notify the Trustee, and the Trustee upon being notified (or the Servicer on its behalf) shall, within 10 Business Days, establish a new Interest Funding Account meeting the conditions specified above with a Qualified Institutionabove, and shall transfer any cash or any investments to such new Interest Funding Account. The Trustee, at the direction of the Servicer, shall (i) make withdrawals from the Interest Funding Account and the relevant subaccount from time to time, in the amounts and for the purposes set forth in this Series Supplement, and (ii) on each Transfer Date make a deposit into the Interest Funding Account in the amounts specified in, and otherwise in accordance with, subsections 4.09(a) and (b). (b) Funds on deposit in the Interest Funding Account shall be invested at the direction of the Servicer by the Trustee in Permitted Investments. Funds on deposit in the Interest Funding Account on any Transfer Date, after giving effect to any withdrawals from the Interest Funding Account on such Transfer Date, shall be invested in such investments that will mature so that such funds will be available for withdrawal on or prior to the following Transfer Date. The Trustee shall: (i) hold each Permitted Investment (other than such as are described in clause (c) of the definition thereof) that constitutes investment property through a securities intermediary, which securities intermediary shall agree with the Trustee that (I) such investment property shall at all times be credited to a securities account of the Trustee, (II) such securities intermediary shall comply with entitlement orders originated by the Trustee without the further consent of any other person or entity, (III) all property credited to such securities account shall be treated as a financial asset, (IV) such securities intermediary shall waive any lien on, security interest in, or right of set-off with respect to any property credited to such securities account, and (V) such agreement shall be governed by the laws of the State of New York; (ii) maintain possession of each other Permitted Investment not described in clause (i) above (other than such as are described in clause (c) of the definition thereof); and (iii) cause each Permitted Investment described in clause (c) of the definition thereof to be registered in the name of the Trustee by the issuer thereof; provided, that no Permitted Investment shall be disposed of prior to its maturity date. Terms used in clause (i) above that are defined in the New York UCC and not otherwise defined herein shall have the meaning set forth in the New York UCC. On each Transfer Date, the Trustee, acting at the Servicer's direction given on or before such Transfer Date, shall transfer from the Interest Funding Account to the Finance Charge Account the Interest Funding Investment Proceeds on deposit in the Interest Funding Account for application as Class A Available Funds applied pursuant to subsection 4.09(a)(i). Interest Funding Investment Proceeds (including reinvested interest) shall not be considered part of the amounts on deposit in the Interest Funding Account for purposes of this Series Supplement. SECTION 8. Article V.