Maintenance of Accounts. If an institution maintaining the Bank Accounts ceases to be a Qualified Institution, the Servicer will, with the Indenture Trustee’s assistance as necessary, move the Bank Accounts to a Qualified Institution within 30 days.
Appears in 64 contracts
Samples: Sale and Servicing Agreement (Ford Credit Auto Receivables Two LLC), Sale and Servicing Agreement (Ford Credit Auto Owner Trust 2018-A), Sale and Servicing Agreement (Ford Credit Auto Owner Trust 2017-B)
Maintenance of Accounts. If an institution maintaining the Bank Accounts ceases to be a Qualified Institution, the Servicer will, with the Indenture Trustee’s assistance as necessary, move the Bank Accounts to a Qualified Institution within 30 thirty (30) days.
Appears in 21 contracts
Samples: Transfer and Servicing Agreement (Vzot 2018-A), Transfer and Servicing Agreement (Verizon Owner Trust 2020-C), Transfer and Servicing Agreement (Verizon Owner Trust 2019-B)
Maintenance of Accounts. If an institution maintaining the Bank Accounts ceases to be a Qualified Institution, the Servicer will, with the Indenture Trustee’s 's assistance as necessary, move the Bank Accounts to a Qualified Institution within 30 days.
Appears in 20 contracts
Samples: Sale and Servicing Agreement (Ford Credit Auto Owner Trust 2024-A), Sale and Servicing Agreement (Ford Credit Auto Owner Trust 2022-D), Sale and Servicing Agreement (Ford Credit Auto Owner Trust 2023-A)
Maintenance of Accounts. If an institution maintaining one of the Bank Accounts ceases to be a Qualified Institution, the Servicer Servicer, with respect to the Collection Account and the Principal Payment Account, or the Depositor, with respect to the Reserve Account, will, with the Indenture Trustee’s or Owner Trustee’s assistance as necessary, within 30 days, move the such Bank Accounts Account to a Qualified Institution within 30 daysInstitution.
Appears in 17 contracts
Samples: Sale and Servicing Agreement (Ford Credit Auto Owner Trust 2014-A), Sale and Servicing Agreement (Ford Credit Auto Owner Trust 2013-C), Sale and Servicing Agreement (Ford Credit Auto Receivables Two LLC)
Maintenance of Accounts. If an institution maintaining one of the Bank Accounts ceases to be a Qualified Institution, the Servicer Servicer, with respect to the Collection Account and the Principal Payment Account, or the Depositor, with respect to the Reserve Account, will, with the Indenture Trustee’s 's or Owner Trustee's assistance as necessary, within 30 calendar days, move the such Bank Accounts Account to a Qualified Institution within 30 daysInstitution.
Appears in 10 contracts
Samples: Sale and Servicing Agreement (Ford Credit Auto Owner Trust 2008-A), Sale and Servicing Agreement (Ford Credit Auto Owner Trust 2009-C), Sale and Servicing Agreement (Ford Credit Auto Owner Trust 2009-E)
Maintenance of Accounts. If an institution maintaining one of the Bank Accounts ceases to be a Qualified Institution, the Servicer Servicer, for the Collection Account and the Principal Payment Account, or the Depositor, for the Reserve Account, will, with the Indenture Trustee’s or Owner Trustee’s assistance as necessary, within 30 days, move the Bank Accounts Account to a Qualified Institution within 30 daysInstitution.
Appears in 8 contracts
Samples: Sale and Servicing Agreement (Ford Credit Auto Owner Trust 2014-B), Sale and Servicing Agreement (Ford Credit Auto Owner Trust 2014-C), Sale and Servicing Agreement (Ford Credit Auto Owner Trust 2015-B)
Maintenance of Accounts. If an institution maintaining one of the Bank Accounts ceases to be a Qualified Institution or Qualified Trust Institution, the Servicer Servicer, with respect to the Collection Account and the Principal Payment Account, or the Depositor, with respect to the Reserve Account, will, with the Indenture Trustee’s 's or Owner Trustee's assistance as necessary, within 30 calendar days, move the such Bank Accounts Account to a Qualified Institution within 30 daysor Qualified Trust Institution.
Appears in 7 contracts
Samples: Sale and Servicing Agreement (Ford Credit Auto Owner Trust 2006-A), Sale and Servicing Agreement (Ford Credit Auto Owner Trust 2007-B), Sale and Servicing Agreement (Ford Credit Auto Owner Trust 2006-C)
Maintenance of Accounts. If an institution maintaining one of the Bank Accounts ceases to be a Qualified Institution, the Servicer Servicer, with respect to the Collection Account and the Principal Payment Account, or the Depositor, with respect to the Reserve Account, will, with the Indenture Trustee’s or Owner Trustee’s assistance as necessary, within 30 calendar days, move the such Bank Accounts Account to a Qualified Institution within 30 daysInstitution.
Appears in 5 contracts
Samples: Sale and Servicing Agreement (Ford Credit Auto Owner Trust 2011-B), Sale and Servicing Agreement (Ford Credit Auto Owner Trust 2011-A), Sale and Servicing Agreement (Ford Credit Auto Owner Trust 2011-B)
Maintenance of Accounts. If an institution maintaining the Bank Accounts ceases to be a Qualified Institution, the Servicer will, with the Indenture Trustee’s assistance as necessary, move the Bank Accounts to a Qualified Institution within 30 [thirty (30)] days.
Appears in 3 contracts
Samples: Transfer and Servicing Agreement (Verizon ABS LLC), Transfer and Servicing Agreement (Verizon ABS LLC), Transfer and Servicing Agreement (Verizon ABS LLC)
Maintenance of Accounts. If an institution maintaining the Bank Accounts ceases to be a Qualified Institution, the Servicer Servicer, for the Collection Account, or the Depositor, for the Reserve Account, will, with the Indenture Trustee’s assistance as necessary, move the Bank Accounts Account to a Qualified Institution within 30 days.
Appears in 1 contract
Samples: Sale and Servicing Agreement (Ford Credit Auto Receivables Two LLC)
