Investor Certificateholders. The Paying Agent shall have the revocable authority to make withdrawals from the Distribution Account. Funds on deposit in the Distribution Account shall not be invested.
Investor Certificateholders. The Qualified Trust Institution shall maintain, either on its own or through its nominee or custodian for the benefit of the Series 1999-1 Investor Certificateholders, possession of any certificated negotiable instrument or security (other than certificated securities held by a clearing corporation) evidencing the Permitted Investments described in clause (a) of the definition thereof relating to the Collection Account from the time of purchase thereof until the time of maturity. Subject to the restrictions set forth above, the Servicer, or a Person designated in writing by the Servicer, shall instruct the Trustee in writing with respect to the investment of funds on deposit in the Series 1999-1
Investor Certificateholders. If and to the extent the Series Accounts and the property credited thereto are characterized as property of the Transferor, the Transferor hereby assigns, sets-over, conveys, pledges and grants a security interest and lien (free and clear of all other Liens) to the Trustee for the benefit of the Certificateholders, in all of the Transferor's right, title and interest (if any) in and to the Series Accounts and the amounts on deposit in the Series Accounts and all property now or hereafter credited thereto, including but not limited to Permitted Investments, together with all proceeds thereof, as collateral security for the amounts payable from time to time to the Trustee, for the benefit of the Series 1999-1
Investor Certificateholders. The Qualified Trust Institution shall maintain, either on its own or through its nominee or custodian for the benefit of the Series 1998-1 Investor Certificateholders, possession of any certificated negotiable instrument or security (other than certificated securities held by a clearing corporation) evidencing the Permitted Investments
Investor Certificateholders. The --------------------------------------------------- Series 1997-1 Investor Certificates shall represent fractional Undivided Interests in the Trust, consisting of the right to receive, to the extent necessary to make the required payments with respect to such Series 1997-1 Investor Certificates at the times and in the amount specified in this Agreement, (a) the related Investor Percentage of Collections received with respect to the Receivables, (b) funds on deposit in the Collection Account and the Excess Funding Account allocable to the Series 1997-1 Investor Certificates, (c) funds and securities on deposit in the Finance Charge Account, the Principal Account, the Distribution Account and the Series 1997-1 Collection Subaccount, (d) with respect to the Class A Certificates only, funds and securities on deposit in the Reserve Account, up to the Available Reserve Account Amount, and the Principal Funding Account and (e) with respect to the Class A Certificates and the Class B Certificates only, the right to receive payments pursuant to the Interest Rate Caps in accordance with Section 4.11. The Collateral Interest shall be subordinate to the Class A Certificates and the Class B Certificates to the extent described herein. The Class B Certificates shall be subordinate to the Class A Certificates to the extent described herein. The Exchangeable Seller Certificate shall represent the ownership interest in the Trust Assets not allocated to the Series 1997-1 Investor Certificates or any other Series outstanding; provided, however, the -------- ------- ownership interest represented by the Exchangeable Seller Certificate and any other Series outstanding shall not represent any interest in the Series 1997-1 Collection Subaccount, the Principal Funding Account, the Reserve Account or the Interest Rate Caps, except as specifically provided in this Article IV.
Investor Certificateholders. (b) The Series Accounts shall be established at a depository institution which agrees in writing as follows: (i) all money, securities, instruments and other property credited to any such account shall be treated as "financial assets" within the meaning of Section 8-102(a)(9) of the 1994 Official Text of the Uniform Commercial Code and (ii) such depository institution will comply with "entitlement orders" (within the meaning of Section 8-102(a)(8) of the 1994 Official Text of the Uniform Commercial Code) issued by the Trustee and relating to such account without further consent by the Transferor or any other person.
Investor Certificateholders. The Trustee and the Paying Agent shall pay to the Transferor upon request any moneys held by them for the payment of principal or interest which remains unclaimed for two years. After payment to the Transferor, Investor Certificateholders entitled to the money must look to the Transferor for payment as general creditors unless an applicable abandoned property law designates another Person.
Investor Certificateholders. The Trustee shall possess all right, title and interest in all amounts held from time to time in the Reserve Account and in all proceeds thereof. Pursuant to the authority granted to it pursuant to subsection 3.1(b), the Servicer shall have the power, revocable by the Trustee, to withdraw funds and to instruct the Trustee to withdraw funds from the Reserve Account for the purposes of carrying out its duties hereunder. Funds on deposit in the Reserve Account shall at all times be invested by the Trustee, at the written direction (or telephonic direction, promptly confirmed in writing) of the Servicer, in Permitted Investments. Any such investment shall mature and such funds shall be available for withdrawal on the Transfer Date following the Monthly Period in which such funds were processed for collection. Subject to the restrictions set forth above, the Servicer, or a Person designated in writing by the Servicer, shall instruct the applicable Qualified Institution in writing with respect to the investment of funds allocated to the Reserve Account. For purposes of determining the availability of funds or the balances in the Reserve Account for any reason under this Agreement, all investment earnings on such funds (net of losses and expenses) shall be deemed not to be available or on deposit until actually credited to the Reserve Account. Permitted Investments shall not be disposed of prior to their maturity. The foregoing notwithstanding, all amounts held in the Reserve Account may be transferred to, and held as part of, the "Reserve Account" established pursuant to the Younkers Agreement and Series 1995-1. In no event shall the funds held in the Reserve Account for Series 1998-1 and in the Reserve Account established pursuant to the Younkers Agreement and Series 1995-1 exceed the total amount required under the Younkers Agreement and Series 1995-1.
Investor Certificateholders. Notice of any amendment entered into pursuant to this clause (a) shall be given to the Rating Agencies.
Investor Certificateholders. (b) The Series Accounts shall be established at a depository institution which agrees in writing as follows: (i) all money, securities, instruments and other property credited to any such account shall be treated as "financial assets" within the meaning of Section 8-102(a)(9) of the 1994 Official Text of the Uniform Commercial Code and (ii) such depository institution will comply with "entitlement orders" (within the meaning of
