Money for Payments To Be Held in Trust. As provided in Section 8.2(a) and (b), all payments of amounts due and payable with respect to any Notes that are to be made from amounts distributed from the Collection Account or any other Trust Account pursuant to Section 8.2(c) shall be made on behalf of the Issuer by the Indenture Trustee or by another Paying Agent, and no amounts so distributed from the Collection Account for payments of Notes shall be paid over to the Issuer except as provided in this Section. On or before the Business Day next preceding each Distribution Date and Redemption Date, the Issuer shall distribute or cause to be distributed to the Indenture Trustee (or any other Paying Agent) an aggregate sum sufficient to pay the amounts then becoming due under the Notes, such sum to be held in trust for the benefit of the Persons entitled thereto and (unless the Paying Agent is the Indenture Trustee) shall promptly notify the Indenture Trustee of its action or failure so to act. The Issuer shall cause each Paying Agent other than the Indenture Trustee to execute and deliver to the Indenture Trustee an instrument in which such Paying Agent shall agree with the Indenture Trustee (and if the Indenture Trustee acts as Paying Agent, it hereby so agrees), subject to the provisions of this Section, that such Paying Agent will:
Appears in 12 contracts
Samples: Indenture (SLM Education Credit Funding LLC), Indenture (SLM Funding Corp), Indenture (SLM Funding Corp)
Money for Payments To Be Held in Trust. As provided in Section 8.2(a) and (b), all All payments of amounts due and payable with respect to any Notes that are to be made from amounts distributed withdrawn from the Collection Account, the Note Distribution Account or any other Trust and the Reserve Account pursuant to Section 8.2(c) shall be made on behalf of the Issuer by the Indenture Trustee or by another Paying Agent, and no amounts so distributed withdrawn from the Collection Account, the Note Distribution Account or the Reserve Account for payments of Notes shall be paid over to the Issuer except as provided in this Section. On or before the Business Day next preceding each Distribution Payment Date and Redemption Date, the Issuer shall distribute deposit or cause to be distributed to deposited in the Indenture Trustee (or any other Paying Agent) Note Distribution Account an aggregate sum sufficient to pay the amounts then becoming due under the Notes, such sum to be held in trust for the benefit of the Persons entitled thereto thereto, and (unless the Paying Agent is the Indenture Trustee) shall promptly notify the Indenture Trustee of its action or failure so to act. The Issuer shall will cause each Paying Agent other than the Indenture Trustee to execute and deliver to the Indenture Trustee an instrument in which such Paying Agent shall agree with the Indenture Trustee (and if the Indenture Trustee acts as Paying Agent, it hereby so agrees), subject to the provisions of this Section, that such Paying Agent will:
Appears in 11 contracts
Samples: Indenture (Hyundai Auto Receivables Trust 2006-A), Indenture (Hyundai Auto Receivables Trust 2006-B), Hyundai Abs Funding Corp
Money for Payments To Be Held in Trust. As provided in Section 8.2(a8.02(a) and (b), all payments of amounts due and payable with respect to any Notes that are to be made from amounts distributed withdrawn from the Collection Account or any other Trust and the Note Distribution Account pursuant to Section 8.2(c8.02(c), (d), (e) and (g) shall be made on behalf of the Issuer Issuing Entity by the Indenture Trustee or by another Paying Agent, and no amounts so distributed withdrawn from the Collection Account and the Note Distribution Account for payments of Notes shall be paid over to the Issuer Issuing Entity except as provided in this Section. On or before the Business Day next preceding each Distribution Payment Date and Redemption Date, the Issuer Issuing Entity shall distribute allocate or cause to be distributed allocated in the Note Distribution Account for distribution to the Indenture Trustee (or any other Paying Agent) Noteholders an aggregate sum sufficient to pay the amounts then becoming due under the Notes, such sum to be held in trust for the benefit of the Persons entitled thereto thereto, and (unless the Paying Agent is the Indenture Trustee) shall promptly notify the Indenture Trustee of its action or failure so to act. The Issuer shall Issuing Entity will cause each Paying Agent other than the Indenture Trustee to execute and deliver to the Indenture Trustee an instrument in which such Paying Agent shall agree with the Indenture Trustee (and if the Indenture Trustee acts as Paying Agent, it hereby so agrees), subject to the provisions of this Section, that such Paying Agent will:
Appears in 10 contracts
Samples: Indenture (World Omni Auto Receivables Trust 2008-B), Indenture (World Omni Auto Receivables LLC), Indenture (World Omni Auto Receivables Trust 2009-A)
Money for Payments To Be Held in Trust. As provided in Section 8.2(a) and (b)8.02, all payments of amounts due and payable with respect to any Notes that are to be made from amounts distributed withdrawn from the Collection Account or any other Trust the Note Distribution Account pursuant to Section 8.2(c8.02(b) and 8.03 shall be made on behalf of the Issuer by the Indenture Trustee or by another Paying Agent, and no amounts so distributed withdrawn from the Collection Account such accounts for payments of Notes shall be paid over to the Issuer except as provided in this Section. On or before the Business Day next immediately preceding each Distribution Date and Redemption Date, the Issuer shall distribute deposit or cause to be distributed to deposited in the Indenture Trustee (or any other Paying Agent) Note Distribution Account an aggregate sum sufficient to pay the amounts then becoming due under the Notes, such sum to be held in trust for the benefit of the Persons entitled thereto and (unless the Paying Agent is the Indenture Trustee) shall promptly notify the Indenture Trustee of its action or failure so to act. The Issuer shall will cause each Paying Agent other than the Indenture Trustee to execute and deliver to the Indenture Trustee an instrument in which such Paying Agent shall agree with the Indenture Trustee (and if the Indenture Trustee acts as Paying Agent, it hereby so agrees), subject to the provisions of this Section, that such Paying Agent will:
Appears in 10 contracts
Samples: Indenture (Harley-Davidson Motorcycle Trust 2009-4), Indenture (Harley-Davidson Motorcycle Trust 2010-1), Indenture (Harley-Davidson Motorcycle Trust 2009-3)
Money for Payments To Be Held in Trust. As provided in Section 8.2(a) and (b), all All payments of amounts due and payable with respect to any Notes that are to be made from amounts distributed withdrawn from the Collection Account or any other Trust Account pursuant to Section 8.2(c) Accounts shall be made on behalf of the Issuer by the Indenture Trustee or by another a Paying Agent, and no amounts so distributed withdrawn from the Collection any Trust Account for payments of Notes shall be paid over to the Issuer except as provided in this Section. On or before the Business Day next preceding each Distribution Payment Date and or the Redemption Date, the Issuer shall distribute deposit or cause to be distributed to deposited in the Indenture Trustee (or any other Paying Agent) Collection Account and the Principal Distribution Account an aggregate sum sufficient to pay the amounts then becoming due under the Notes, such sum to be held in trust for the benefit of the Persons entitled thereto thereto, and (unless the Paying Agent is the Indenture Trustee) shall promptly notify the Indenture Trustee Trustee, in writing, of its action or failure so to act. The Issuer shall will cause each Paying Agent other than the Indenture Trustee to execute and deliver to the Indenture Trustee an instrument in which such Paying Agent shall agree with the Indenture Trustee (and if the Indenture Trustee acts as Paying Agent, it hereby so agrees), subject to the provisions of this Section, that such Paying Agent will:
Appears in 9 contracts
Samples: California Republic (California Republic Auto Receivables Trust 2016-2), California Republic (California Republic Auto Receivables Trust 2016-2), California Republic (California Republic Auto Receivables Trust 2017-1)
Money for Payments To Be Held in Trust. As provided in -------------------------------------- Section 8.2(a) and (b), all payments of amounts due and payable with respect to any Notes that are to be made from amounts distributed from the Collection Account or any other Trust Account pursuant to Section 8.2(c) shall be made on behalf of the Issuer by the Indenture Trustee or by another Paying Agent, and no amounts so distributed from the Collection Account for payments of Notes shall be paid over to the Issuer except as provided in this Section. On or before the Business Day next preceding each Distribution Date and Redemption Date, the Issuer shall distribute or cause to be distributed to the Indenture Trustee (or any other Paying Agent) an aggregate sum sufficient to pay the amounts then becoming due under the Notes, such sum to be held in trust for the benefit of the Persons entitled thereto and (unless the Paying Agent is the Indenture Trustee) shall promptly notify the Indenture Trustee of its action or failure so to act. The Issuer shall cause each Paying Agent other than the Indenture Trustee to execute and deliver to the Indenture Trustee an instrument in which such Paying Agent shall agree with the Indenture Trustee (and if the Indenture Trustee acts as Paying Agent, it hereby so agrees), subject to the provisions of this Section, that such Paying Agent will:
Appears in 8 contracts
Samples: SLM Funding Corp, SLM Funding Corp, SLM Funding Corp
Money for Payments To Be Held in Trust. As provided in Section 8.2(aSections 8.02(a) and (b), all payments of amounts due and payable with respect to any Notes that are to be made from amounts distributed from the Collection Account or any other Trust Account pursuant to Section 8.2(c) Sections 2.07 and 2.08 of the Administration Agreement shall be made on behalf of the Issuer by the Indenture Trustee or by another Paying Agent, and no amounts so distributed from the Collection Account for payments of Notes shall be paid over to the Issuer except as provided in this Section. On or before the Business Day next preceding each Distribution Date and Redemption Date, the Issuer shall distribute or cause to be distributed to the Indenture Trustee (or any other Paying Agent) an aggregate sum sufficient to pay the amounts then becoming due under the Notes, such sum to be held in trust for the benefit of the Persons entitled thereto and (unless the Paying Agent is the Indenture Trustee) shall promptly notify the Indenture Trustee of its action or failure so to act. The Issuer shall cause each Paying Agent other than the Indenture Trustee to execute and deliver to the Indenture Trustee an instrument in which such Paying Agent shall agree with the Indenture Trustee (and if the Indenture Trustee acts as Paying Agent, it hereby so agrees), subject to the provisions of this Section, that such Paying Agent will:
Appears in 8 contracts
Samples: Indenture (SLM Private Credit Student Loan Trust 2005-B), Indenture (SLM Private Credit Student Loan Trust 2005-A), Indenture (SLM Education Credit Funding LLC)
Money for Payments To Be Held in Trust. As provided in Section 8.2(a) and (b), all All payments of amounts due and payable with respect to any Notes that are to be made from amounts distributed withdrawn from the Collection Account, the Note Distribution Account or any other Trust and the Reserve Account pursuant to Section 8.2(c) shall be made on behalf of the Issuer by the Indenture Trustee or by another Paying Agent, and no amounts so distributed withdrawn from the Collection Account, the Note Distribution Account or the Reserve Account for payments of Notes shall be paid over to the Issuer except as provided in this Section. On or before the Business Day next preceding each Distribution Payment Date and Redemption Date, the Issuer shall distribute deposit or cause to be distributed to deposited in the Indenture Trustee (or any other Paying Agent) Note Distribution Account an aggregate sum sufficient to pay the amounts then becoming due under the Notes, such sum to be held in trust for the benefit of the Persons entitled thereto thereto, and (unless the Paying Agent is the Indenture Trustee) shall promptly notify the Indenture Trustee of its action or failure so to act. The Issuer shall will cause each Paying Agent other than the Indenture Trustee to execute and deliver to the Indenture Trustee an instrument in which such Paying Agent shall agree with the Indenture Trustee (and if the Indenture Trustee acts as Paying Agent, it hereby so agrees), subject to the provisions of this Section, that such Paying Agent will:
Appears in 8 contracts
Samples: Indenture (BMW Vehicle Owner Trust 2011-A), Indenture (BMW Vehicle Owner Trust 2011-A), Vehicle Owner (BMW Fs Securities LLC)
Money for Payments To Be Held in Trust. As provided in Section 8.2(a) and (b), all payments of amounts due and payable with respect to any Notes or any Swap Agreement that are to be made from amounts distributed from the Collection Account or any other Trust Account pursuant to Section 8.2(c) Sections 2.7 and 2.8 of the Administration Agreement shall be made on behalf of the Issuer by the Indenture Trustee or by another Paying Agent, and no amounts so distributed from the Collection Account for payments of Notes to Noteholders or any Swap Counterparty shall be paid over to the Issuer except as provided in this Section. On or before the Business Day next preceding each Distribution Date and Redemption Date, the Issuer shall distribute or cause to be distributed to the Indenture Trustee (or any other Paying Agent) an aggregate sum sufficient to pay the amounts then becoming due under the NotesNotes or any Swap Agreement, such sum to be held in trust for the benefit of the Persons entitled thereto and (unless the Paying Agent is the Indenture Trustee) shall promptly notify the Indenture Trustee of its action or failure so to act. The Issuer shall cause each Paying Agent other than the Indenture Trustee to execute and deliver to the Indenture Trustee an instrument in which such Paying Agent shall agree with the Indenture Trustee (and if the Indenture Trustee acts as Paying Agent, it hereby so agrees), subject to the provisions of this Section, that such Paying Agent will:
Appears in 8 contracts
Samples: Indenture (SLM Funding LLC), Indenture (SLM Funding LLC), Indenture (SLM Funding LLC)
Money for Payments To Be Held in Trust. As provided in Section 8.2(a) and (b), all payments of amounts due and payable with respect to any Notes that are to be made from amounts distributed withdrawn from the Collection Account or any other Trust and the Note Distribution Account pursuant to Section 8.2(c) shall be made on behalf of the Issuer by the Indenture Trustee or by another Paying Agent, and no amounts so distributed withdrawn from the Collection Account and the Note Distribution Account for payments of Notes shall be paid over to the Issuer except as provided in this Section. On or before the Business Day next preceding each Distribution Payment Date and Redemption Date, the Issuer shall distribute deposit or cause to be distributed to deposited in the Indenture Trustee (or any other Paying Agent) Note Distribution Account an aggregate sum sufficient to pay the amounts then becoming due under the Notes, such sum to be held in trust for the benefit of the Persons entitled thereto and (unless the Paying Agent is the Indenture Trustee) shall promptly notify the Indenture Trustee of its action or failure so to act. The Issuer shall will cause each Paying Agent other than the Indenture Trustee to execute and deliver to the Indenture Trustee an instrument in which such Paying Agent shall agree with the Indenture Trustee (and if the Indenture Trustee acts as Paying Agent, it hereby so agrees), subject to the provisions of this Section, that such Paying Agent will:
Appears in 7 contracts
Samples: Indenture (Case Receivables Ii Inc), Indenture (Case Receivables Ii Inc), Indenture (Case Receivables Ii Inc)
Money for Payments To Be Held in Trust. As provided in Section 8.2(a) and (b)8.02, all payments of amounts due and payable with respect to any Notes Notes, that are to be made from amounts distributed from the Collection Account or any other Trust Account pursuant to Section 8.2(c) 8.02 shall be made on behalf of the Issuer by the Indenture Trustee or by another Paying Agent, and no amounts so distributed from the Collection Account for payments of Notes shall be paid over to the Issuer except as provided in this Section. The Indenture Trustee is hereby appointed as the initial “Paying Agent” hereunder and the Indenture Trustee hereby accepts such appointment. On or before the Business Day next preceding each Distribution Date and Redemption Date, the Issuer shall distribute or cause to be distributed to the Indenture Trustee (or any other Paying Agent) an aggregate sum sufficient to pay the amounts then becoming due under each Class of the Notes, such sum to be held in trust for the benefit of the Persons entitled thereto and (unless the Paying Agent is the Indenture Trustee) shall promptly notify the Indenture Trustee of its action or failure so to act. The Issuer shall will cause each Paying Agent other than the Indenture Trustee to execute and deliver to the Indenture Trustee an instrument in which such Paying Agent shall agree with the Indenture Trustee (and if the Indenture Trustee acts as Paying Agent, it hereby so agrees), subject to the provisions of this Section, that such Paying Agent will:
Appears in 6 contracts
Samples: www.snl.com, www.snl.com, www.snl.com
Money for Payments To Be Held in Trust. As provided in Section 8.2(a) Sections 5.04 and (b)8.02, all payments of amounts due and payable with respect to any Notes that are to be made from amounts distributed withdrawn from the Collection Account or any other Trust and the Note Distribution Account pursuant to Section 8.2(c8.02(c) shall be made on behalf of the Issuer by the Indenture Trustee or by another Paying Agent, and no amounts so distributed withdrawn from the Collection Account and the Note Distribution Account for payments of Notes shall be paid over to the Issuer except as provided in this Section. On or before the Business Day next immediately preceding each Distribution Payment Date and Redemption Date, the Issuer shall distribute deposit or cause to be distributed to deposited in the Indenture Trustee (or any other Paying Agent) Note Distribution Account an aggregate sum sufficient to pay the amounts then becoming due under the Notes, such sum to be held in trust for the benefit of the Persons entitled thereto thereto, and (unless the Paying Agent is the Indenture Trustee) shall promptly notify the Indenture Trustee in writing of its action or failure so to act. The Issuer shall will cause each Paying Agent other than the Indenture Trustee to execute and deliver to the Indenture Trustee an instrument in which such Paying Agent shall agree with the Indenture Trustee (and if the Indenture Trustee acts as Paying Agent, it hereby so agrees), subject to the provisions of this Section, that such Paying Agent will:
Appears in 6 contracts
Samples: Indenture (American Honda Receivables Corp), Indenture (American Honda Receivables Corp), American Honda Receivables Corp
Money for Payments To Be Held in Trust. As provided in Section 8.2(a) and (b), all payments of amounts due and payable with respect to any Notes that are to be made from amounts distributed from the Collection Account or any other Trust Account pursuant to Section 8.2(c) Sections 2.7 and 2.8 of the Administration Agreement shall be made on behalf of the Issuer by the Indenture Trustee or by another Paying Agent, and no amounts so distributed from the Collection Account for payments of Notes shall be paid over to the Issuer except as provided in this Section. On or before the Business Day next preceding each Distribution Date and Redemption Date, the Issuer shall distribute or cause to be distributed to the Indenture Trustee (or any other Paying Agent) an aggregate sum sufficient to pay the amounts then becoming due under the Notes, such sum to be held in trust for the benefit of the Persons entitled thereto and (unless the Paying Agent is the Indenture Trustee) shall promptly notify the Indenture Trustee of its action or failure so to act. The Issuer shall cause each Paying Agent other than the Indenture Trustee to execute and deliver to the Indenture Trustee an instrument in which such Paying Agent shall agree with the Indenture Trustee (and if the Indenture Trustee acts as Paying Agent, it hereby so agrees), subject to the provisions of this Section, that such Paying Agent will:
Appears in 5 contracts
Samples: Master Administration Agreement (SLM Funding LLC), Master Administration Agreement (SLM Funding LLC), Master Administration Agreement (SLM Funding LLC)
Money for Payments To Be Held in Trust. As provided in Section 8.2(a) and (b), all All payments of amounts due and payable with respect to any Notes that are to be made from amounts distributed withdrawn from the Collection Account, the Note Interest Distribution Account or any other Trust and the Principal Distribution Account pursuant to Section 8.2(c) shall be made on behalf of the Issuer by the Indenture Trustee or by another Paying Agent, and no amounts so distributed withdrawn from the Collection Account, the Note Interest Distribution Account or the Principal Distribution Account for payments of Notes shall be paid over to the Issuer except as provided in this Section. On or before the Business Day next preceding each Distribution Date and Redemption Date, the Issuer shall distribute deposit or cause to be distributed to deposited in the Indenture Trustee (or any other Paying Agent) Note Interest Distribution Account and the Principal Distribution Account an aggregate sum sufficient to pay the amounts then becoming due under the Notes, such sum to be held in trust for the benefit of the Persons entitled thereto thereto, and (unless the Paying Agent is the Indenture Trustee) shall promptly notify the Indenture Trustee of its action or failure so to act. The Issuer shall will cause each Paying Agent (other than the Indenture Trustee Trustee) to execute and deliver to the Indenture Trustee an instrument in which such Paying Agent shall agree with the Indenture Trustee (and if the Indenture Trustee acts as Paying Agent, it hereby so agrees)Trustee, subject to the provisions of this Section, that such Paying Agent will:
Appears in 4 contracts
Samples: Indenture (Morgan Stanley Auto Loan Trust 2004-Hb2), Indenture (Morgan Stanley Auto Loan Trust 2003-Hb1), Purchase and Servicing Agreement (Morgan Stanley Auto Loan Trust 2004-Hb1)
Money for Payments To Be Held in Trust. As provided in Section 8.2(aSections 5.4(b) and (b)8.5, all payments of amounts due and payable with respect to any Notes that are to be made from amounts distributed withdrawn from the Trust Collection Account or any other Trust Account pursuant to Section 8.2(c) shall be made on behalf of the Issuer Issuing Entity by the Indenture Trustee or by another Paying Agent, and no amounts so distributed from the Collection Account withdrawn therefrom for payments of on Notes shall be paid over to the Issuer Issuing Entity except as provided in this Section. On or before the Business Day next preceding each Distribution Payment Date and Redemption Date, the Issuer Issuing Entity shall distribute allocate or cause to be distributed to allocated into the Indenture Trustee (or any other Paying Agent) Trust Collection Account for distribution an aggregate sum sufficient to pay the amounts then becoming due under the Notes, and the Paying Agent shall hold such sum to be held in trust for the benefit of the Persons entitled thereto and (unless the Paying Agent is the Indenture Trustee) shall promptly notify the Indenture Trustee of its action or any failure so by the Issuing Entity to acteffect such deposit. The Issuer Issuing Entity shall cause each Paying Agent other than the Indenture Trustee to execute and deliver to the Indenture Trustee an instrument in which such Paying Agent shall agree with the Indenture Trustee (and if the Indenture Trustee acts as Paying Agent, it hereby so agreesagrees to the extent relevant), subject to the provisions of this Section, that such Paying Agent willshall:
Appears in 4 contracts
Samples: Indenture (World Omni LT), Indenture (World Omni LT), Indenture (World Omni Auto Leasing LLC)
Money for Payments To Be Held in Trust. As provided in Section 8.2(a) and (b), all All payments of amounts due and payable with respect to any Notes that are to be made from amounts distributed withdrawn from the Collection Account, the Note Distribution Account or any other Trust and the Reserve Account pursuant to Section 8.2(c) shall be made on behalf of the Issuer by the Indenture Trustee or by another Paying Agent, and no amounts so distributed withdrawn from the Collection Account, the Note Distribution Account or the Reserve Account for payments of Notes [or any Swap Counterparty] shall be paid over to the Issuer except as provided in this Section. On or before the Business Day next preceding each Distribution Payment Date and Redemption Date, the Issuer shall distribute deposit or cause to be distributed to deposited in the Indenture Trustee (or any other Paying Agent) Note Distribution Account an aggregate sum sufficient to pay the amounts then becoming due under the NotesNotes [or each Swap Agreement], such sum to be held in trust for the benefit of the Persons entitled thereto thereto, and (unless the Paying Agent is the Indenture Trustee) shall promptly notify the Indenture Trustee of its action or failure so to act. The Issuer shall will cause each Paying Agent other than the Indenture Trustee to execute and deliver to the Indenture Trustee an instrument in which such Paying Agent shall agree with the Indenture Trustee (and if the Indenture Trustee acts as Paying Agent, it hereby so agrees), subject to the provisions of this Section, that such Paying Agent will:
Appears in 4 contracts
Samples: Indenture (BMW Fs Securities LLC), Indenture (BMW Fs Securities LLC), BMW Fs Securities LLC
Money for Payments To Be Held in Trust. As provided in Section 8.2(a) and (b), all payments of amounts due and payable with respect to any Notes or any Swap Agreement that are to be made from amounts distributed from the Collection Account or any other Trust Account pursuant to Section 8.2(c) Sections 2.7 and 2.8 of the Administration Agreement shall be made on behalf of the Issuer by the Indenture Trustee or by another Paying Agent, and no amounts so distributed from the Collection Account for payments of Notes or any Swap Agreement shall be paid over to the Issuer except as provided in this Section. On or before the Business Day next preceding each Distribution Date and Redemption Date, the Issuer shall distribute or cause to be distributed to the Indenture Trustee (or any other Paying Agent) an aggregate sum sufficient to pay the amounts then becoming due under the NotesNotes or any Swap Agreement, such sum to be held in trust for the benefit of the Persons entitled thereto and (unless the Paying Agent is the Indenture Trustee) shall promptly notify the Indenture Trustee of its action or failure so to act. The Issuer shall cause each Paying Agent other than the Indenture Trustee to execute and deliver to the Indenture Trustee an instrument in which such Paying Agent shall agree with the Indenture Trustee (and if the Indenture Trustee acts as Paying Agent, it hereby so agrees), subject to the provisions of this Section, that such Paying Agent will:
Appears in 4 contracts
Samples: Indenture (SLM Funding LLC), Administration Agreement (SLM Funding LLC), Administration Agreement (SLM Funding LLC)
Money for Payments To Be Held in Trust. As provided in Section 8.2(a) and (b), all payments of amounts due and payable with respect to any Notes that are to be made from amounts distributed from the Collection Account or any other Trust Account pursuant to Section 8.2(c) 2.7, or deposited into the Collection Account from the Capitalized Interest Account, the Supplemental Purchase Account, the Borrower Benefit Account, the Floor Income Rebate Account or the Reserve Account, pursuant to Sections 2.7 and 2.8 of the Administration Agreement shall be made on behalf of the Issuer by the Indenture Trustee or by another Paying Agent, and no amounts so distributed from the Collection Account or any other Trust Account for payments of Notes to Noteholders shall be paid over to the Issuer except as provided in this Section. On or before the Business Day next preceding each Quarterly Distribution Date and Redemption Date, the Issuer shall distribute or cause to be distributed to the Indenture Trustee (or any other Paying Agent) an aggregate sum sufficient to pay the amounts then becoming due under the Notes, such sum to be held in trust for the benefit of the Persons entitled thereto and (unless the Paying Agent is the Indenture Trustee) shall promptly notify the Indenture Trustee of its action or failure so to act. The Issuer shall cause each Paying Agent other than the Indenture Trustee to execute and deliver to the Indenture Trustee an instrument in which such Paying Agent shall agree with the Indenture Trustee (and if the Indenture Trustee acts as Paying Agent, it hereby so agrees), subject to the provisions of this Section, that such Paying Agent will:
Appears in 4 contracts
Samples: Indenture (SLM Student Loan Trust 2008-4), Indenture (SLM Student Loan Trust 2008-5), Indenture (SLM Student Loan Trust 2008-9)
Money for Payments To Be Held in Trust. As provided in Section 8.2(a) and (b)8.02, all payments of amounts due and payable with respect to any Notes that are to be made from amounts distributed from the Collection Account or any other Trust Account pursuant to Section 8.2(c) shall be made on behalf of the Issuer by the Indenture Trustee or by another Paying Agent, and no amounts so distributed from the Collection Account for payments of Notes shall be paid over to the Issuer except as provided in this Section. On or before the Business Day next preceding each Distribution Quarterly Payment Date and Redemption Date, the Issuer shall distribute or cause to be distributed to the Indenture Trustee (or any other Paying Agent) an aggregate sum sufficient to pay the amounts then becoming due under the Notes, such sum to be held in trust for the benefit of the Persons entitled thereto and (unless the Paying Agent is the Indenture Trustee) shall promptly notify the Indenture Trustee and any Swap Counterparties of its action or failure so to act. The Issuer shall will cause each Paying Agent other than the Indenture Trustee to execute and deliver to the Indenture Trustee an instrument in which such Paying Agent shall agree with the Indenture Trustee (and if the Indenture Trustee acts as Paying Agent, it hereby so agrees), subject to the provisions of this Section, that such Paying Agent will:
Appears in 4 contracts
Samples: SMS Student Loan Trust 2000-A, Asset Backed Securities Corp, Wells Fargo Student Loans Receivables I LLC
Money for Payments To Be Held in Trust. As provided in Section 8.2(a) and (b)8.02, all payments of amounts due and payable with respect to any Notes that are to be made from amounts distributed withdrawn from the Collection Account or any other Trust and the Note Distribution Account pursuant to Section 8.2(c8.02(b) shall be made on behalf of the Issuer by the Indenture Trustee or by another Paying AgentAgent (pursuant to the written instructions of the Servicer), and no amounts so distributed withdrawn from the Collection Account and the Note Distribution Account for payments of Notes shall be paid over to the Issuer except as provided in this Sectionthe Pooling and Servicing Agreement. On or before the Business Day next preceding each Distribution Payment Date and Redemption Date, upon written notice and instruction from the Issuer Servicer, the Indenture Trustee shall distribute withdraw from the Collection Account and deposit or cause to be distributed deposited in the Note Distribution Account, to the Indenture Trustee (or any other Paying Agent) extent available, an aggregate sum sufficient to pay the amounts then becoming due under the Notesdue, such sum to be held in trust for the benefit of the Persons entitled thereto and (unless the Paying Agent is the Indenture Trustee) shall promptly notify the Indenture Trustee Paying Agent of its action or failure to so to act. The Issuer shall will cause each Paying Agent other than the Indenture Trustee to execute and deliver to the Indenture Trustee an instrument in which such Paying Agent shall agree with the Indenture Trustee (and if the Indenture Trustee acts as Paying Agent, it hereby so agrees), subject to the provisions of this Section, that such Paying Agent will:
Appears in 4 contracts
Samples: Pooling and Servicing Agreement (Cit Funding Co, LLC), Indenture (CIT Equipment Collateral 2004-Ef1), Indenture (CIT Equipment Collateral 2005-Vt1)
Money for Payments To Be Held in Trust. As provided in Section 8.2(a) and (b), all payments of amounts due and payable with respect to any Notes that are to be made from amounts distributed from the Collection Account or any other Trust the Reserve Account pursuant to Section 8.2(c) Sections 2.7 and 2.8 of the Administration Agreement shall be made on behalf of the Issuer by the Indenture Trustee or by another Paying Agent, and no amounts so distributed from the Collection Account for payments of Notes to Noteholders shall be paid over to the Issuer except as provided in this Section. On or before the Business Day next preceding each Distribution Date and Redemption Date, the Issuer shall distribute or cause to be distributed to the Indenture Trustee (or any other Paying Agent) an aggregate sum sufficient to pay the amounts then becoming due under the Notes, such sum to be held in trust for the benefit of the Persons entitled thereto and (unless the Paying Agent is the Indenture Trustee) shall promptly notify the Indenture Trustee of its action or failure so to act. The Issuer shall cause each Paying Agent other than the Indenture Trustee to execute and deliver to the Indenture Trustee an instrument in which such Paying Agent shall agree with the Indenture Trustee (and if the Indenture Trustee acts as Paying Agent, it hereby so agrees), subject to the provisions of this Section, that such Paying Agent will:
Appears in 4 contracts
Samples: Indenture (SLM Funding LLC), Indenture (SLM Funding LLC), Indenture (SLM Funding LLC)
Money for Payments To Be Held in Trust. As provided in Section 8.2(a) and (b)3.01, all payments of amounts due and payable with respect to any Notes or Swaps that are to be made from amounts distributed withdrawn from the Collection Account or any other Trust and the Note Distribution Account pursuant to Section 8.2(c) 3.01 shall be made on behalf of the Issuer by the Indenture Trustee or by another Paying Agent, and no amounts so distributed withdrawn from the Collection Account and the Note Distribution Account for payments of Notes or any Swaps shall be paid over to the Issuer except as provided in this SectionSection 3.03. On or before the Business Day next immediately preceding each Distribution Payment Date and Redemption Date, the Issuer shall distribute deposit or cause to be distributed to deposited in the Indenture Trustee (or any other Paying Agent) Note Distribution Account an aggregate sum sufficient to pay the amounts then becoming due under the Notesdue, such sum to be held in trust for the benefit of the Persons entitled thereto and (unless the Paying Agent is the Indenture Trustee) shall promptly notify the Indenture Trustee in writing of its action or failure so to act. The Issuer shall will cause each Paying Agent other than the Indenture Trustee to execute and deliver to the Indenture Trustee an instrument in which such Paying Agent shall agree with the Indenture Trustee (and if the Indenture Trustee acts as Paying Agent, it hereby so agrees), subject to the provisions of this SectionSection 3.03, that such Paying Agent will:
Appears in 3 contracts
Samples: Indenture (American Capital Strategies LTD), Indenture (American Capital Strategies LTD), Indenture (American Capital Strategies LTD)
Money for Payments To Be Held in Trust. As provided in Section 8.2(a) and (b), all payments of amounts due and payable with respect to any Notes that are to be made from amounts distributed from the Collection Account or any other Trust Account pursuant to Section 8.2(c) 2.7 and 2.8 of the Administration Agreement shall be made on behalf of the Issuer by the Indenture Trustee or by another Paying Agent, and no amounts so distributed from the Collection Account for payments of Notes shall be paid over to the Issuer except as provided in this Section. On or before the Business Day next preceding each Distribution Date and Redemption Date, the Issuer shall distribute or cause to be distributed to the Indenture Trustee (or any other Paying Agent) an aggregate sum sufficient to pay the amounts then becoming due under the Notes, such sum to be held in trust for the benefit of the Persons entitled thereto and (unless the Paying Agent is the Indenture Trustee) shall promptly notify the Indenture Trustee of its action or failure so to act. The Issuer shall cause each Paying Agent other than the Indenture Trustee to execute and deliver to the Indenture Trustee an instrument in which such Paying Agent shall agree with the Indenture Trustee (and if the Indenture Trustee acts as Paying Agent, it hereby so agrees), subject to the provisions of this Section, that such Paying Agent will:
Appears in 3 contracts
Samples: Administration Agreement (SLM Funding LLC), SLM Funding Corp, SLM Funding LLC
Money for Payments To Be Held in Trust. As provided in Section 8.2(a) and (b), all payments of amounts due and payable with respect to any Notes that are to be made from amounts distributed from the Collection Account or any other Trust Account pursuant to Section 8.2(c) Sections 2.7 and 2.8 of the Administration Agreement shall be made on behalf of the Issuer by the Indenture Trustee Administrator or by another Paying Agent, and no amounts so distributed from the Collection Account for payments of Notes to Noteholders shall be paid over to the Issuer except as provided in this Section. On or before the Business Day next preceding each Distribution Date and Redemption Date, the Issuer shall distribute or cause to be distributed to the Indenture Trustee Administrator (or any other Paying Agent) an aggregate sum sufficient to pay the amounts then becoming due under the Notes, such sum to be held in trust for the benefit of the Persons entitled thereto and shall promptly notify the Indenture Trustee and (unless the Paying Agent is the Indenture Trustee) shall promptly notify ), the Indenture Trustee Administrator, of its action or failure so to act. The Issuer shall cause each Paying Agent other than the Indenture Administrator and the Indenture Trustee to execute and deliver to the Indenture Trustee an instrument in which such Paying Agent shall agree with the Indenture Trustee (and if the Indenture Trustee acts as Paying Agent, it hereby so agrees), subject to the provisions of this Section, that such Paying Agent will:
Appears in 3 contracts
Samples: Indenture (SLC Student Loan Trust 2007-1), Indenture (SLC Student Loan Trust 2007-2), Indenture (SLC Private Student Loan Trust 2006-A)
Money for Payments To Be Held in Trust. As provided in Section 8.2(a8.02(a) and (b), all payments of amounts due and payable with respect to any Notes that are to be made from amounts distributed withdrawn from the Collection Account or any other Trust and the Note Distribution Account pursuant to Section 8.2(c8.02(c) shall be made on behalf of the Issuer by the Indenture Trustee or by another Paying Agent, and no amounts so distributed withdrawn from the Collection Account and the Note Distribution Account for payments of Notes shall be paid over to the Issuer except as provided in this Section. On or before the Business Day next preceding 12:00 noon (New York time) on each Distribution Date and the Redemption Date, the Issuer shall distribute deposit or cause to be distributed to deposited in the Indenture Trustee (or any other Paying Agent) Note Distribution Account an aggregate sum sufficient to pay the amounts then becoming due under the Notes, such sum to be held in trust for the benefit of the Persons entitled thereto and (unless the Paying Agent is the Indenture Trustee) shall promptly notify the Indenture Trustee of its action or failure so to act. The Issuer shall will cause each Paying Agent other than the Indenture Trustee to execute and deliver to the Indenture Trustee an instrument in which such Paying Agent shall agree with the Indenture Trustee (and if the Indenture Trustee acts as Paying Agent, it hereby so agrees), subject to the provisions of this Section, that such Paying Agent will:
Appears in 3 contracts
Samples: Metlife Capital Equipment Loan Trusts, Metlife Capital Equipment Loan Trusts, Metlife Capital Equipment Loan Trusts
Money for Payments To Be Held in Trust. As provided in Section 8.2(a) and (b)8.02, all payments of amounts due and payable with respect to any Notes that are to be made from amounts distributed from the Collection Account or any other Trust Account pursuant to Section 8.2(c) 8.02 shall be made on behalf of the Issuer by the Indenture Trustee or by another Paying Agent, and no amounts so distributed from the Collection Account for payments of Notes shall be paid over to the Issuer except as provided in this Section. The Indenture Trustee is hereby appointed as the initial “Paying Agent” hereunder and the Indenture Trustee hereby accepts such appointment. On or before the Business Day next preceding each Distribution Date and Redemption Date, the Issuer shall distribute or cause to be distributed to the Indenture Trustee (or any other Paying Agent) an aggregate sum sufficient to pay the amounts then becoming due under each Class of the Notes, such sum to be held in trust for the benefit of the Persons entitled thereto and (unless the Paying Agent is the Indenture Trustee) shall promptly notify the Indenture Trustee of its action or failure so to act. The Issuer shall will cause each Paying Agent other than the Indenture Trustee to execute and deliver to the Indenture Trustee an instrument in which such Paying Agent shall agree with the Indenture Trustee (and if the Indenture Trustee acts as Paying Agent, it hereby so agrees), subject to the provisions of this Section, that such Paying Agent will:
Appears in 3 contracts
Samples: Note Purchase Agreements (National Collegiate Student Loan Trust 2005-2), www.capitaliq.spglobal.com, www.snl.com
Money for Payments To Be Held in Trust. As provided in Section 8.2(a) and (b)8.02, all payments of amounts due and payable with respect to any Notes that are to be made from amounts distributed withdrawn from the Collection Account or any other Trust and the Note Distribution Account pursuant to Section 8.2(c8.02(b) shall be made on behalf of the Issuer by the Indenture Trustee or by another Paying Agent, and no amounts so distributed withdrawn from the Collection Account and the Note Distribution Account for payments of Notes shall be paid over to the Issuer except as provided in this Section. On or before the Business Day next immediately preceding each Distribution Date and Redemption Date, the Issuer shall distribute deposit or cause to be distributed to deposited in the Indenture Trustee (or any other Paying Agent) Note Distribution Account an aggregate sum sufficient to pay the amounts then becoming due under the Notesdue, such sum to be held in trust for the benefit of the Persons entitled thereto and (unless the Paying Agent is the Indenture Trustee) shall promptly notify the Indenture Trustee in writing of its action or failure so to act. The Issuer shall will cause each Paying Agent other than the Indenture Trustee to execute and deliver to the Indenture Trustee an instrument in which such Paying Agent shall agree with the Indenture Trustee (and if the Indenture Trustee acts as Paying Agent, it hereby so agrees), subject to the provisions of this Section, that such Paying Agent will:
Appears in 3 contracts
Samples: Orix Credit Alliance Receivables Trust 2000-A, Orix Credit Alliance Receivables Trust 1999-A, Orix Credit Alliance Receivables Trust 2000 B
Money for Payments To Be Held in Trust. As provided in Section 8.2(a) and (b), all payments of amounts due and payable with respect to any Notes that are to be made from amounts distributed from the Collection Account or any other Trust Account pursuant to Section 8.2(c) shall be made on behalf of the Issuer by the Indenture Trustee or by another Paying Agent, and no amounts so distributed from the Collection Account for payments of Notes shall be paid over to the Issuer except as provided in this Section. On or before the One Business Day next preceding prior to each Distribution Date and Redemption Date, the Issuer shall distribute deposit or cause to be distributed deposited to the Indenture Trustee Collection Account Available Funds (or any other Paying Agentwhich shall be immediately available) an aggregate with respect to the related Collection Period. Such sum sufficient to pay the amounts then becoming due under the Notes, such sum to shall be held in trust for the benefit of the Persons entitled thereto and (unless the Note Paying Agent is the Indenture Trustee) ), the Issuer shall promptly notify the Indenture Trustee of its action or failure so to act. The Issuer shall hereby appoints the Person serving as Indenture Trustee as Note Paying Agent to make payments to Noteholders on behalf of the Issuer in accordance with the provisions of the Notes, this Indenture and the Series Supplement, and such Person hereby accepts such appointment (subject to removal in the event it no longer serves as Indenture Trustee pursuant to Section 6.8). The Issuer will cause each Note Paying Agent other than the Indenture Trustee to execute and deliver to the Indenture Trustee an instrument in which such Note Paying Agent shall agree with the Indenture Trustee (and if the Indenture Trustee acts as Note Paying AgentAgent with respect to clauses (i) and (v), it hereby so agrees), subject to the provisions of this Section, that such Note Paying Agent will:
Appears in 3 contracts
Samples: Indenture (Household Auto Receivables Corp), Indenture (Household Auto Receivables Corp), Household Auto Receivables Corp
Money for Payments To Be Held in Trust. As provided in Section 8.2(a) and (b), all payments of amounts due and payable with respect to any Notes that are to be made from amounts distributed from the Collection Account, or deposited into the Collection Account from the Capitalized Interest Account, the Supplemental Purchase Account or any other Trust Account the Reserve Account, pursuant to Section 8.2(c) Sections 2.7 and 2.8 of the Administration Agreement shall be made on behalf of the Issuer by the Indenture Trustee or by another Paying Agent, and no amounts so distributed from the Collection Account for payments of Notes to Noteholders shall be paid over to the Issuer except as provided in this Section. On or before the Business Day next preceding each Distribution Date and Redemption Date, the Issuer shall distribute or cause to be distributed to the Indenture Trustee (or any other Paying Agent) an aggregate sum sufficient to pay the amounts then becoming due under the Notes, such sum to be held in trust for the benefit of the Persons entitled thereto and (unless the Paying Agent is the Indenture Trustee) shall promptly notify the Indenture Trustee of its action or failure so to act. The Issuer shall cause each Paying Agent other than the Indenture Trustee to execute and deliver to the Indenture Trustee an instrument in which such Paying Agent shall agree with the Indenture Trustee (and if the Indenture Trustee acts as Paying Agent, it hereby so agrees), subject to the provisions of this Section, that such Paying Agent will:
Appears in 3 contracts
Samples: Indenture (SLM Student Loan Trust 2006-1), Indenture (SLM Student Loan Trust 2005-10), Indenture (SLM Funding LLC)
Money for Payments To Be Held in Trust. As provided in Section 8.2(a) and (b)8.02, all payments of amounts due and payable with respect to any Notes that are to be made from amounts distributed withdrawn from the Collection Account or any other Trust and the Note Distribution Account pursuant to Section 8.2(c8.02(b) shall be made on behalf of the Issuer by the Indenture Trustee or by another Paying Agent, and no amounts so distributed withdrawn from the Collection Account and the Note Distribution Account for payments of Notes shall be paid over to the Issuer except as provided in this Section. On or before the Business Day next immediately preceding each Distribution Payment Date and Redemption Date, the Issuer shall distribute deposit or cause to be distributed to deposited in the Indenture Trustee (or any other Paying Agent) Note Distribution Account an aggregate sum sufficient to pay the amounts then becoming due under the Notesdue, such sum to be held in trust for the benefit of the Persons entitled thereto and (unless the Paying Agent is the Indenture Trustee) shall promptly notify the Indenture Trustee in writing of its action or failure so to act. The Issuer shall will cause each Paying Agent other than the Indenture Trustee to execute and deliver to the Indenture Trustee an instrument in which such Paying Agent shall agree with the Indenture Trustee (and if the Indenture Trustee acts as Paying Agent, it hereby so agrees), subject to the provisions of this Section, that such Paying Agent will:
Appears in 3 contracts
Samples: Indenture (Greatamerica Leasing Receivables 2000-1 LLC), Indenture (Greatamerica Leasing Receivables 2001-1 LLC), Indenture (Greatamerica Leasing Receivables 2000-1 LLC)
Money for Payments To Be Held in Trust. As provided in Section 8.2(a) and (b), all All payments of amounts due and payable with respect to any Notes that are to be made from amounts distributed withdrawn from the Collection Account or any other Trust and the Note Distribution Account pursuant to Section 8.2(c8.02(c) shall be made on behalf of the Issuer by the Indenture Trustee or by another Paying Agent, and no amounts so distributed withdrawn from the Collection Account and the Note Distribution Account for payments of Notes shall be paid over to the Issuer except as provided in this Section. On or before the Business Day next preceding each Distribution Date and Redemption Date, the Issuer shall distribute deposit or cause to be distributed to deposited in the Indenture Trustee (or any other Paying Agent) Note Distribution Account an aggregate sum sufficient to pay the amounts then becoming due under the Notes, such sum to be held in trust for the benefit of the Persons entitled thereto thereto, and (unless the Paying Agent is the Indenture Trustee) shall promptly notify the Indenture Trustee in writing of its action or failure so to act. The Issuer shall will cause each Paying Agent other than the Indenture Trustee to execute and deliver to the Indenture Trustee an instrument in which such Paying Agent shall agree with the Indenture Trustee (and if the Indenture Trustee acts as Paying Agent, it hereby so agrees), subject to the provisions of this Section, that such Paying Agent will:
Appears in 3 contracts
Samples: Indenture (First Merchants Acceptance Corp), Indenture (First Merchants Acceptance Corp), Indenture (First Merchants Acceptance Corp)
Money for Payments To Be Held in Trust. As provided in Section 8.2(a8.02(a) and (b), all payments of amounts due and payable with respect to any Notes that are to be made from amounts distributed withdrawn from the Collection Account or any other Trust and the Note Distribution Account pursuant to Section 8.2(c8.02(c), (d), (e), (f) and (g) shall be made on behalf of the Issuer by the Indenture Trustee or by another Paying Agent, and no amounts so distributed withdrawn from the Collection Account and the Note Distribution Account for payments of Notes shall be paid over to the Issuer except as provided in this Section. On or before the Business Day next preceding each Distribution Payment Date and Redemption Date, the Issuer shall distribute allocate or cause to be distributed allocated in the Note Distribution Account for distribution to the Indenture Trustee (or any other Paying Agent) Noteholders an aggregate sum sufficient to pay the amounts then becoming due under the Notes, such sum to be held in trust for the benefit of the Persons entitled thereto thereto, and (unless the Paying Agent is the Indenture Trustee) shall promptly notify the Indenture Trustee of its action or failure so to act. The Issuer shall will cause each Paying Agent other than the Indenture Trustee to execute and deliver to the Indenture Trustee an instrument in which such Paying Agent shall agree with the Indenture Trustee (and if the Indenture Trustee acts as Paying Agent, it hereby so agrees), subject to the provisions of this Section, that such Paying Agent will:
Appears in 3 contracts
Samples: World Omni Auto Receivables Trust 2005-A, World Omni Auto Receivables LLC, Indenture (World Omni Auto Receivables LLC)
Money for Payments To Be Held in Trust. (a) As provided in Section 8.2(a) and (b)9.02 of the Trust Agreement, all payments of amounts due and payable with respect to any Notes that are to be made from amounts distributed withdrawn from the Collection Account, the Spread Account or any other Trust and the Payahead Account pursuant to Section 8.2(c) shall be made on behalf of the Issuer by the Indenture Trustee or by another Paying Agent, and no amounts so distributed withdrawn from the Collection Account, the Spread Account and the Payahead Account for payments of Notes shall be paid over to the Issuer except as provided in this Section. On or before The Notes shall be non-recourse obligations of the Business Day next preceding each Distribution Date Issuer and Redemption Date, shall be limited in right of payment to amounts available from the Pledged Assets and the Policy as provided in this Indenture and the Issuer shall distribute or cause to not otherwise be distributed to liable for payments on the Indenture Trustee (or Notes. No Person shall be personally liable for any other Paying Agent) an aggregate sum sufficient to pay the amounts then becoming due payable under the Notes. If any other provision of this Indenture conflicts or is deemed to conflict with the provisions of this paragraph, such sum to be held in trust for the benefit provisions of the Persons entitled thereto and (unless the Paying Agent is the Indenture Trustee) this paragraph shall promptly notify the Indenture Trustee of its action or failure so to actcontrol. The Issuer shall will cause each Paying Agent other than the Indenture Trustee to execute and deliver to the Indenture Trustee and the Insurer an instrument in which such Paying Agent shall agree with the Indenture Trustee (and if the Indenture Trustee acts as Paying Agent, it hereby so agrees), subject to the provisions of this Section, that such Paying Agent will:
Appears in 3 contracts
Samples: Indenture (Uacsc 1999-B Owner Tr Auto Rec Bk Notes), Indenture (Bay View Securitization Corp), Indenture (Uacsc Auto Trusts)
Money for Payments To Be Held in Trust. As provided in Section 8.2(a) and (b), all All payments of amounts due and payable with respect to any Notes that are to be made from amounts distributed withdrawn from the Collection Account, the Note Interest Distribution Account, the Principal Distribution Account or any other Trust and the Reserve Account pursuant to Section 8.2(c) shall be made on behalf of the Issuer by the Indenture Trustee or by another Paying Agent, and no amounts so distributed withdrawn from the Collection Account, the Note Interest Distribution Account, the Principal Distribution Account or the Reserve Account for payments of Notes shall be paid over to the Issuer except as provided in this Section. On or before the Business Day next preceding each Distribution Payment Date and Redemption Date, the Issuer shall distribute deposit or cause to be distributed to deposited in the Indenture Trustee (or any other Paying Agent) Note Interest Distribution Account and the Principal Distribution Account an aggregate sum sufficient to pay the amounts then becoming due under the Notes, such sum to be held in trust for the benefit of the Persons entitled thereto thereto, and (unless the Paying Agent is the Indenture Trustee) shall promptly notify the Indenture Trustee of its action or failure so to act. The Issuer shall will cause each Paying Agent other than the Indenture Trustee to execute and deliver to the Indenture Trustee an instrument in which such Paying Agent shall agree with the Indenture Trustee (and if the Indenture Trustee acts as Paying Agent, it hereby so agrees), subject to the provisions of this Section, that such Paying Agent will:the
Appears in 2 contracts
Samples: Indenture (Regions Auto Receivables Trust 2002-1), Indenture (National City Auto Receivables Trust 2002-A)
Money for Payments To Be Held in Trust. As provided in Section 8.2(a8.02(a) and (b), all payments of amounts due and payable with respect to any Notes that are to be made from amounts distributed withdrawn from the Collection Account or any other Trust and the Note Distribution Account pursuant to Section 8.2(c8.02[(c), (d), (e) and (g)] shall be made on behalf of the Issuer Issuing Entity by the Indenture Trustee or by another Paying Agent, and no amounts so distributed withdrawn from the Collection Account and the Note Distribution Account for payments of Notes shall be paid over to the Issuer Issuing Entity except as provided in this Section. On or before the Payment Determination Date or the Business Day next preceding each Distribution Date and prior to the Redemption Date, as applicable, the Issuer Issuing Entity shall distribute allocate or cause to be distributed allocated in the Note Distribution Account for distribution to the Indenture Trustee (or any other Paying Agent) Noteholders an aggregate sum sufficient to pay the amounts then becoming due under the Notes, such sum to be held in trust for the benefit of the Persons entitled thereto thereto, and (unless the Paying Agent is the Indenture Trustee) shall promptly notify the Indenture Trustee of its action or failure so to act. The Issuer shall Issuing Entity will cause each Paying Agent other than the Indenture Trustee to execute and deliver to the Indenture Trustee an instrument in which such Paying Agent shall agree with the Indenture Trustee (and if the Indenture Trustee acts as Paying Agent, it hereby so agrees), subject to the provisions of this Section, that such Paying Agent will:
Appears in 2 contracts
Samples: Indenture (World Omni Auto Receivables LLC), World Omni Auto Receivables LLC
Money for Payments To Be Held in Trust. As provided in Section 8.2(a) and (b), all payments of amounts due and payable with respect to any Notes that are to be made from amounts distributed from the Collection Account or any other Trust Account pursuant to Section 8.2(c) 2.7, or deposited into the Collection Account from the Capitalized Interest Account, the Supplemental Purchase Account, the Borrower Benefit Account, the Floor Income Rebate Account or the Reserve Account, pursuant to Sections 2.7 and 2.8 of the Administration Agreement, shall be made on behalf of the Issuer by the Indenture Trustee or by another Paying Agent, and no amounts so distributed from the Collection Account or any other Trust Account for payments of Notes to Noteholders shall be paid over to the Issuer except as provided in this Section. On or before the Business Day next preceding each Distribution Date and Redemption Date, the Issuer shall distribute or cause to be distributed to the Indenture Trustee (or any other Paying Agent) an aggregate sum sufficient to pay the amounts then becoming due under the Notes, such sum to be held in trust for the benefit of the Persons entitled thereto and (unless the Paying Agent is the Indenture Trustee) shall promptly notify the Indenture Trustee of its action or failure so to act. The Issuer shall cause each Paying Agent other than the Indenture Trustee to execute and deliver to the Indenture Trustee an instrument in which such Paying Agent shall agree with the Indenture Trustee (and if the Indenture Trustee acts as Paying Agent, it hereby so agrees), subject to the provisions of this Section, that such Paying Agent will:
Appears in 2 contracts
Samples: Indenture (SLM Student Loan Trust 2007-3), SLM Funding LLC
Money for Payments To Be Held in Trust. As provided in Section Sections 8.2(a) and (b), all payments of amounts due and payable with respect to any Notes that are to be made from amounts distributed withdrawn from the Collection Account or any other Trust and the Note Distribution Account pursuant to Section 8.2(c) shall be made on behalf of the Issuer by the Indenture Trustee or by another Paying Agent, and no amounts so distributed withdrawn from the Collection Account and the Note Distribution Account for payments of Notes shall be paid over to the Issuer except as provided in this Section. On or before the Business Day next preceding each Distribution Payment Date and Redemption Date, the Issuer shall distribute deposit or cause to be distributed to deposited in the Indenture Trustee (or any other Paying Agent) Note Distribution Account an aggregate sum sufficient to pay the amounts then becoming due under the Notes, such sum to be held in trust for the benefit of the Persons entitled thereto and (unless the Paying Agent is the Indenture Trustee) shall promptly notify the Indenture Trustee of its action or failure so to act. The Issuer shall will cause each Paying Agent other than the Indenture Trustee to execute and deliver to the Indenture Trustee and the Insurer an instrument in which such Paying Agent shall agree with the Indenture Trustee (and if the Indenture Trustee acts as Paying Agent, it hereby so agrees), subject to the provisions of this Section, that such Paying Agent will:
Appears in 2 contracts
Samples: Tia Indenture (Painewebber Asset Acceptance Corp), Securitized Asset Backed Receivables LLC
Money for Payments To Be Held in Trust. As provided in Section 8.2(a8.02(a) and (b), all payments of amounts due and payable with respect to any Notes that are to be made from amounts distributed from the Collection Account or any other Trust Account pursuant to Section 8.2(c8.02(c) shall be made on behalf of the Issuer by the Indenture Trustee or by another Paying Agent, and no amounts so distributed from the Collection Account for payments of Notes shall be paid over to the Issuer except as provided in this Section. The Indenture Trustee is hereby appointed as the initial "Paying Agent" hereunder and the Indenture Trustee hereby accepts such appointment. On or before the Business Day next preceding each Distribution Date and Redemption Date, the Issuer shall distribute or cause to be distributed to the Indenture Trustee (or any other Paying Agent) an aggregate sum sufficient to pay the amounts then becoming due under the Notes, such sum to be held in trust for the benefit of the Persons entitled thereto and (unless the Paying Agent is the Indenture Trustee) shall promptly notify the Indenture Trustee Trustee, the Securities Insurer and the Swap Counterparty of its action or failure so to act. The Issuer shall will cause each Paying Agent other than the Indenture Trustee to execute and deliver to the Indenture Trustee an instrument in which such Paying Agent shall agree with the Indenture Trustee (and if the Indenture Trustee acts as Paying Agent, it hereby so agrees), subject to the provisions of this Section, that such Paying Agent will:
Appears in 2 contracts
Samples: Keycorp Student Loan Trust 2000-A, Keycorp Student Loan Trust 2000-B
Money for Payments To Be Held in Trust. As provided in Section 8.2(a) and (b), all All payments of amounts due and payable with respect to any Notes that are to be made from amounts distributed withdrawn from the Collection Account or any other Trust and the Note Distribution Account pursuant to Section 8.2(c) 8.02 shall be made on behalf of the Issuer by the Indenture Trustee or by another Paying Agent, and no amounts so distributed withdrawn from the Collection Account and the Note Distribution Account for payments of Notes shall be paid over to the Issuer except as provided in this Section. On or before the Business Day next preceding each Distribution Monthly Payment Date and Redemption Date, the Issuer shall distribute deposit or cause to be distributed to deposited in the Indenture Trustee (or any other Paying Agent) Note Distribution Account an aggregate sum sufficient to pay the amounts then becoming due under the Notes, such sum to be held in trust for the benefit of the Persons entitled thereto thereto, and (unless the Paying Agent is the Indenture Trustee) shall promptly notify the Indenture Trustee of its action or failure so to act. The Issuer shall cause each Paying Agent other than the Indenture Trustee to execute and deliver to the Indenture Trustee an instrument in which such Paying Agent shall agree with the Indenture Trustee (and if the Indenture Trustee acts as Paying Agent, it hereby so agrees), subject to the provisions of this Section, that such Paying Agent willshall:
Appears in 2 contracts
Samples: Indenture (Deutsche Recreational Asset Funding Corp), Deutsche Recreational Asset Funding Corp
Money for Payments To Be Held in Trust. As provided in Section 8.2(a) and (b)8.02, all payments of amounts due and payable with respect to any Notes that are to be made from amounts distributed from the Collection Account or any other Trust Account pursuant to Section 8.2(c) shall be made on behalf of the Issuer by the Indenture Trustee or by another Paying Agent, and no amounts so distributed from the Collection Account for payments of Notes shall be paid over to the Issuer except as provided in this Section. On or before the Business Day next preceding each Distribution Quarterly Payment Date and Redemption Date, the Issuer shall distribute or cause to be distributed to the Indenture Trustee (or any other Paying Agent) an aggregate sum sufficient to pay the amounts then becoming due under the Notes, such sum to be held in trust for the benefit of the Persons entitled thereto and (unless the Paying Agent is the Indenture Trustee) shall promptly notify the Indenture Trustee and the Swap Counterparty of its action or failure so to act. The Issuer shall will cause each Paying Agent other than the Indenture Trustee to execute and deliver to the Indenture Trustee an instrument in which such Paying Agent shall agree with the Indenture Trustee (and if the Indenture Trustee acts as Paying Agent, it hereby so agrees), subject to the provisions of this Section, that such Paying Agent will:
Appears in 2 contracts
Samples: Usa Group Secondary Market Services Inc, Usa Group Secondary Market Services Inc
Money for Payments To Be Held in Trust. As provided in Section 8.2(a8.02(a) and (b), all payments of amounts due and payable with respect to any Notes of a Series that are to be made from amounts distributed withdrawn from the Collection Deposit Account or any other Trust Account for that Series pursuant to Section 8.2(c8.02(c) shall be made on behalf of the Issuer by the Indenture Trustee or by another Paying Agent, and no amounts so distributed withdrawn from the Collection Deposit Account for a Series for payments of Notes of that Series shall be paid over to the Issuer except as provided in this SectionSection and in the related Indenture Supplement. On or before the Business Day next preceding each Distribution Payment Date and Redemption Date, the Issuer shall distribute allocate or cause to be distributed allocated in the Deposit Account for each outstanding Series for distribution to the Indenture Trustee (or any other Paying Agent) Noteholders of that Series an aggregate sum sufficient to pay the amounts then becoming due under the NotesNotes of such outstanding Series, such sum to be held in trust for the benefit of the Persons entitled thereto thereto, and (unless the Paying Agent is the Indenture Trustee) shall promptly notify the Indenture Trustee of its action or failure so to act. The Issuer shall will cause each Paying Agent other than the Indenture Trustee to execute and deliver to the Indenture Trustee an instrument in which such Paying Agent shall agree with the Indenture Trustee (and if the Indenture Trustee acts as Paying Agent, it hereby so agrees), subject to the provisions of this Section, that such Paying Agent will:
Appears in 2 contracts
Samples: Daimlerchrysler Services North America LLC, Daimlerchrysler Services North America LLC
Money for Payments To Be Held in Trust. As provided in Section 8.2(a) and (b)8.02, all payments of amounts due and payable with respect to any Notes Notes, that are to be made from amounts distributed from the Collection Account or any other Trust Account pursuant to Section 8.2(c) 8.02 shall be made on behalf of the Issuer by the Indenture Trustee or by another Paying Agent, and no amounts so distributed from the Collection Account for payments of Notes shall be paid over to the Issuer except as provided in this Section. The Indenture Trustee is hereby appointed as the initial "Paying Agent" hereunder and the Indenture Trustee hereby accepts such appointment. On or before the Business Day next preceding each Distribution Date and Redemption Date, the Issuer shall distribute or cause to be distributed to the Indenture Trustee (or any other Paying Agent) an aggregate sum sufficient to pay the amounts then becoming due under each Class of the Notes, such sum to be held in trust for the benefit of the Persons entitled thereto and (unless the Paying Agent is the Indenture Trustee) shall promptly notify the Indenture Trustee of its action or failure so to act. The Issuer shall will cause each Paying Agent other than the Indenture Trustee to execute and deliver to the Indenture Trustee an instrument in which such Paying Agent shall agree with the Indenture Trustee (and if the Indenture Trustee acts as Paying Agent, it hereby so agrees), subject to the provisions of this Section, that such Paying Agent will:
Appears in 2 contracts
Samples: National Collegiate Student Loan Trust 2007-2, National Collegiate Student Loan Trust 2007-1
Money for Payments To Be Held in Trust. As provided in Section 8.2(a8.02(a) and (b), all payments of amounts due and payable with respect to any Notes that are to be made from amounts distributed withdrawn from the Collection Account or any other Trust Account pursuant to Section 8.2(c8.02(c) shall be made on behalf of the Issuer by the Indenture Trustee or by another Paying Agent, and no amounts so distributed withdrawn from the Collection Account for payments of Notes shall be paid over to the Issuer except as provided in this Section. On or before the Business Day next preceding each Distribution Payment Date and Redemption Date, the Issuer shall distribute allocate or cause to be distributed allocated in the Collection Account for distribution to the Indenture Trustee (or any other Paying Agent) Noteholders an aggregate sum sufficient to pay the amounts then becoming due under the Notes, such sum to be held in trust for the benefit of the Persons entitled thereto thereto, and (unless the Paying Agent is the Indenture Trustee) shall promptly notify the Indenture Trustee of its action or failure so to act. The Issuer shall will cause each Paying Agent other than the Indenture Trustee to execute and deliver to the Indenture Trustee an instrument in which such Paying Agent shall agree with the Indenture Trustee (and if the Indenture Trustee acts as Paying Agent, it hereby so agrees), subject to the provisions of this Section, that such Paying Agent will:
Appears in 2 contracts
Samples: Indenture (Premier Auto Trust 1999-2), Premier Auto Trust 1999-1
Money for Payments To Be Held in Trust. As provided in Section 8.2(a) and (b), all payments of amounts due and payable with respect to any Notes that are to be made from amounts distributed from the Collection Account or any other Trust Account pursuant to Section 8.2(c) 2.7, or deposited into the Collection Account from the Capitalized Interest Account, the Supplemental Purchase Account, the Borrower Benefit Account, the Floor Income Rebate Account or the Reserve Account, pursuant to Sections 2.7 and 2.8 of the Administration Agreement shall be made on behalf of the Issuer by the Indenture Trustee or by another Paying Agent, and no amounts so distributed from the Collection Account or any other Trust Account for payments of Notes to Noteholders or any Swap Counterparty shall be paid over to the Issuer except as provided in this Section. On or before the Business Day next preceding each Distribution Date and Redemption Date, the Issuer shall distribute or cause to be distributed to the Indenture Trustee (or any other Paying Agent) an aggregate sum sufficient to pay the amounts then becoming due under the NotesNotes or any Swap Agreement, such sum to be held in trust for the benefit of the Persons entitled thereto and (unless the Paying Agent is the Indenture Trustee) shall promptly notify the Indenture Trustee of its action or failure so to act. The Issuer shall cause each Paying Agent other than the Indenture Trustee to execute and deliver to the Indenture Trustee an instrument in which such Paying Agent shall agree with the Indenture Trustee (and if the Indenture Trustee acts as Paying Agent, it hereby so agrees), subject to the provisions of this Section, that such Paying Agent will:
Appears in 2 contracts
Samples: SLM Funding LLC, SLM Funding LLC
Money for Payments To Be Held in Trust. As provided in Section 8.2(a8.02(a) and (b), all payments of amounts due and payable with respect to any Notes that are to be made from amounts distributed withdrawn from the Collection Account or any other Trust Account pursuant to Section 8.2(c8.02(c) shall be made on behalf of the Issuer by the Indenture Trustee or by another Paying Agent, and no amounts so distributed withdrawn from the Collection Account for payments of Notes shall be paid over to the Issuer except as provided in this Section. On or before the Business Day next preceding each Distribution Date and Redemption Date, the Issuer shall distribute allocate or cause to be distributed allocated in the Collection Account for distribution to the Indenture Trustee (or any other Paying Agent) Noteholders an aggregate sum sufficient to pay the amounts then becoming due under the Notes, such sum to be held in trust for the benefit of the Persons entitled thereto thereto, and (unless the Paying Agent is the Indenture Trustee) shall promptly notify the Indenture Trustee of its action or failure so to act. The Issuer shall will cause each Paying Agent other than the Indenture Trustee to execute and deliver to the Indenture Trustee an instrument in which such Paying Agent shall agree with the Indenture Trustee (and if the Indenture Trustee acts as Paying Agent, it hereby so agrees), subject to the provisions of this Section, that such Paying Agent will:
Appears in 2 contracts
Samples: Indenture (Premier Auto Trust 1998 4), Indenture (Premier Auto Trust 1998 5)
Money for Payments To Be Held in Trust. As provided in Section 8.2(a) and (b), all payments of amounts due and payable with respect to any Notes or the Swap Agreement that are to be made from amounts distributed from the Collection Account or any other Trust Account pursuant to Section 8.2(c) 2.7 and 2.8 of the Administration Agreement shall be made on behalf of the Issuer by the Indenture Trustee or by another Paying Agent, and no amounts so distributed from the Collection Account for payments of Notes or the Swap Agreement shall be paid over to the Issuer except as provided in this Section. On or before the Business Day next preceding each Distribution Date and Redemption Date, the Issuer shall distribute or cause to be distributed to the Indenture Trustee (or any other Paying Agent) an aggregate sum sufficient to pay the amounts then becoming due under the NotesNotes and the Swap Agreement, such sum to be held in trust for the benefit of the Persons entitled thereto and (unless the Paying Agent is the Indenture Trustee) shall promptly notify the Indenture Trustee of its action or failure so to act. The Issuer shall cause each Paying Agent other than the Indenture Trustee to execute and deliver to the Indenture Trustee an instrument in which such Paying Agent shall agree with the Indenture Trustee (and if the Indenture Trustee acts as Paying Agent, it hereby so agrees), subject to the provisions of this Section, that such Paying Agent will:
Appears in 2 contracts
Samples: Administration Agreement (SLM Funding LLC), SLM Funding LLC
Money for Payments To Be Held in Trust. As provided in Section 8.2(a) and (b)8.02, all payments of amounts due and payable with respect to any Notes that are to be made from amounts distributed from the Collection Account or any other Trust Account pursuant to Section 8.2(c) shall be made on behalf of the Issuer by the Indenture Trustee or by another Paying Agent, and no amounts so distributed from the Collection Account for payments of Notes shall be paid over to the Issuer except as provided in this Section. On or before the Business Day next preceding each Distribution Quarterly Payment Date and Redemption Date, the Issuer shall distribute or cause to be distributed to the Indenture Trustee (or any other Paying Agent) an aggregate sum sufficient to pay the amounts then becoming due under the Notes, such sum to be held in trust for the benefit of the Persons entitled thereto and (unless the Paying Agent is the Indenture Trustee) shall promptly notify the Indenture Trustee of its action or failure so to act. The Issuer shall will cause each Paying Agent other than the Indenture Trustee to execute and deliver to the Indenture Trustee an instrument in which such Paying Agent shall agree with the Indenture Trustee (and if the Indenture Trustee acts as Paying Agent, it hereby so agrees), subject to the provisions of this Section, that such Paying Agent will:
Appears in 2 contracts
Samples: Indenture (Usa Group Secondary Market Services Inc), Indenture (Wells Fargo Student Loans Receivables I LLC)
Money for Payments To Be Held in Trust. As provided in Section 8.2(a8.02(a) and (b), all payments of amounts due and payable with respect to any Notes that are to be made from amounts distributed withdrawn from the Collection Account or any other Trust and the Note Distribution Account pursuant to Section 8.2(c8.02(c), (d), (e) and (g) shall be made on behalf of the Issuer Issuing Entity by the Indenture Trustee or by another Paying Agent, and no amounts so distributed withdrawn from the Collection Account and the Note Distribution Account for payments of Notes shall be paid over to the Issuer Issuing Entity except as provided in this Section. On or before the Payment Determination Date or two Business Day next preceding each Distribution Date and Days prior to the Redemption Date, as applicable, the Issuer Issuing Entity shall distribute allocate or cause to be distributed allocated in the Note Distribution Account for distribution to the Indenture Trustee (or any other Paying Agent) Noteholders an aggregate sum sufficient to pay the amounts then becoming due under the Notes, such sum to be held in trust for the benefit of the Persons entitled thereto thereto, and (unless the Paying Agent is the Indenture Trustee) shall promptly notify the Indenture Trustee of its action or failure so to act. The Issuer shall Issuing Entity will cause each Paying Agent other than the Indenture Trustee to execute and deliver to the Indenture Trustee an instrument in which such Paying Agent shall agree with the Indenture Trustee (and if the Indenture Trustee acts as Paying Agent, it hereby so agrees), subject to the provisions of this Section, that such Paying Agent will:
Appears in 2 contracts
Samples: Indenture (World Omni Auto Receivables Trust 2011-A), Indenture (World Omni Auto Receivables Trust 2011-A)
Money for Payments To Be Held in Trust. As provided in Section 8.2(a8.02(a) and (b), all payments of amounts due and payable with respect to any Notes that are to be made from amounts distributed withdrawn from the Collection Account or any other Trust and the Note Distribution Account pursuant to Section 8.2(c8.02(c) shall be made on behalf of the Issuer by the Indenture Trustee or by another Paying Agent, and no amounts so distributed withdrawn from the Collection Account and the Note Distribution Account for payments of Notes shall be paid over to the Issuer except as provided in this Section. On or before the Business Day next preceding each Distribution Date and Redemption Date, the Issuer shall distribute deposit or cause to be distributed to deposited in the Indenture Trustee (or any other Paying Agent) Note Distribution Account an aggregate sum sufficient to pay the amounts then becoming due under the Notes, such sum to be held in trust for the benefit of the Persons entitled thereto and (unless the Paying Agent is the Indenture Trustee) shall promptly notify the Indenture Trustee of its action or failure to so to act. The Issuer shall will cause each Paying Agent other than the Indenture Trustee to execute and deliver to the Indenture Trustee an instrument in which such Paying Agent shall agree with the Indenture Trustee (and if the Indenture Trustee acts as Paying Agent, it hereby so agrees), subject to the provisions of this Section, that such Paying Agent will:
Appears in 2 contracts
Samples: Goldman Sachs Asset Backed Securities Corp, Gs Mortgage Securities Corp
Money for Payments To Be Held in Trust. As provided in Section 8.2(a) and (b)8.02, all payments of amounts due and payable with respect to any Notes [or the Interest Rate Swap Agreement] that are to be made from amounts distributed withdrawn from the Collection Account Account[, the Swap Collateral Account], the Reserve Fund, or any other Trust the Note Distribution Account pursuant to Section 8.2(c8.02(b) and 8.03 shall be made on behalf of the Issuer by the Indenture Trustee or by another Paying Agent, and no amounts so distributed withdrawn from the Collection Account such accounts for payments of Notes [or the Swap Counterparty] shall be paid over to the Issuer except as provided in this Section. On or before the Business Day next immediately preceding each Distribution Date and Redemption Date, the Issuer shall distribute deposit or cause to be distributed to deposited in the Indenture Trustee (or any other Paying Agent) Note Distribution Account an aggregate sum sufficient to pay the amounts then becoming due under the NotesNotes [and the Interest Rate Swap Agreement], such sum to be held in trust for the benefit of the Persons entitled thereto and (unless the Paying Agent is the Indenture Trustee) shall promptly notify the Indenture Trustee of its action or failure so to act. The Issuer shall will cause each Paying Agent other than the Indenture Trustee to execute and deliver to the Indenture Trustee an instrument in which such Paying Agent shall agree with the Indenture Trustee (and if the Indenture Trustee acts as Paying Agent, it hereby so agrees), subject to the provisions of this Section, that such Paying Agent will:
Appears in 2 contracts
Samples: Indenture (Harley-Davidson Customer Funding Corp.), Indenture (Harley Davidson Customer Funding Corp)
Money for Payments To Be Held in Trust. As -------------------------------------- provided in Section 8.2(a) and (b), all payments of amounts due and payable with respect to any Notes that are to be made from amounts distributed from the Collection Account or any other Trust Account pursuant to Section 8.2(c) shall be made on behalf of the Issuer by the Indenture Trustee or by another Paying Agent, and no amounts so distributed from the Collection Account for payments of Notes shall be paid over to the Issuer except as provided in this Section. On or before the Business Day next preceding each Distribution Date and Redemption Date, the Issuer shall distribute or cause to be distributed to the Indenture Trustee (or any other Paying Agent) an aggregate sum sufficient to pay the amounts then becoming due under the Notes, such sum to be held in trust for the benefit of the Persons entitled thereto and (unless the Paying Agent is the Indenture Trustee) shall promptly notify the Indenture Trustee of its action or failure so to act. The Issuer shall cause each Paying Agent other than the Indenture Trustee to execute and deliver to the Indenture Trustee an instrument in which such Paying Agent shall agree with the Indenture Trustee (and if the Indenture Trustee acts as Paying Agent, it hereby so agrees), subject to the provisions of this Section, that such Paying Agent will:
Appears in 2 contracts
Samples: Indenture (SLM Funding Corp), Indenture (SLM Funding Corp)
Money for Payments To Be Held in Trust. As provided in Section 8.2(a) and (b), all payments of amounts due and payable with respect to any Notes that are to be made from amounts distributed from the Collection Account, or deposited into the Collection Account from the Supplemental Purchase Account, the Add-On Consolidation Loan Account, the Capitalized Interest Account or any other Trust Account the Reserve Account, pursuant to Section 8.2(c) Sections 2.7 and 2.8 of the Administration Agreement shall be made on behalf of the Issuer by the Indenture Trustee or by another Paying Agent, and no amounts so distributed from the Collection Account for payments of Notes to Noteholders shall be paid over to the Issuer except as provided in this Section. On or before the Business Day next preceding each Distribution Date and Redemption Date, the Issuer shall distribute or cause to be distributed to the Indenture Trustee (or any other Paying Agent) an aggregate sum sufficient to pay the amounts then becoming due under the Notes, such sum to be held in trust for the benefit of the Persons entitled thereto and (unless the Paying Agent is the Indenture Trustee) shall promptly notify the Indenture Trustee of its action or failure so to act. The Issuer shall cause each Paying Agent other than the Indenture Trustee to execute and deliver to the Indenture Trustee an instrument in which such Paying Agent shall agree with the Indenture Trustee (and if the Indenture Trustee acts as Paying Agent, it hereby so agrees), subject to the provisions of this Section, that such Paying Agent will:
Appears in 2 contracts
Samples: Indenture (SLM Student Loan Trust 2005-3), Indenture (SLM Student Loan Trust 2005-4)
Money for Payments To Be Held in Trust. As provided in Section 8.2(a8.02(a) and (b), all payments of amounts due and payable with respect to any Notes that are to be made from amounts distributed withdrawn from the Collection Account or any other Trust and the Note Distribution Account pursuant to Section 8.2(c8.02(c), (d) and (e) shall be made on behalf of the Issuer Issuing Entity by the Indenture Trustee or by another Paying Agent, and no amounts so distributed withdrawn from the Collection Account and the Note Distribution Account for payments of Notes shall be paid over to the Issuer Issuing Entity except as provided in this Section. On or before the Payment Determination Date or the Business Day next preceding each Distribution Date and prior to the Redemption Date, as applicable, the Issuer Issuing Entity shall distribute allocate or cause to be distributed allocated in the Note Distribution Account for distribution to the Indenture Trustee (or any other Paying Agent) Noteholders an aggregate sum sufficient to pay the amounts then becoming due under the Notes, such sum to be held in trust for the benefit of the Persons entitled thereto thereto, and (unless the Paying Agent is the Indenture Trustee) shall promptly notify the Indenture Trustee of its action or failure so to act. The Issuer shall Issuing Entity will cause each Paying Agent other than the Indenture Trustee to execute and deliver to the Indenture Trustee an instrument in which such Paying Agent shall agree with the Indenture Trustee (and if the Indenture Trustee acts as Paying Agent, it hereby so agrees), subject to the provisions of this Section, that such Paying Agent will:
Appears in 2 contracts
Samples: Indenture (World Omni Auto Receivables LLC), Indenture (World Omni Auto Receivables LLC)
Money for Payments To Be Held in Trust. As provided in Section Sections 8.2(a) and (b), all payments of amounts due and payable with respect to any Notes that are to be made from amounts distributed withdrawn from the Collection Principal and Interest Account or any other Trust and the Note Distribution Account pursuant to Section 8.2(c) shall be made on behalf of the Issuer by the Indenture Trustee or by another Paying Agent, and no amounts so distributed withdrawn from the Collection Principal and Interest Account and either Note Distribution Account for payments of Notes shall be paid over to the Issuer except as provided in this Section. On or before the Business Day next preceding each Distribution Remittance Date and Redemption Date, the Issuer shall distribute deposit or cause to be distributed to deposited in the Indenture Trustee (or any other Paying Agent) Pool I Note Distribution Account and Pool II Note Distribution Account an aggregate sum sufficient to pay the amounts then becoming due under the Class AF Notes and Class AV Notes, respectively, such sum to be held in trust for the benefit of the Persons entitled thereto and (unless the Paying Agent is the Indenture Trustee) shall promptly notify the Indenture Trustee of its action or failure so to act. The Issuer shall will cause each Paying Agent other than the Indenture Trustee to execute and deliver to the Indenture Trustee and the Note Insurer an instrument in which such Paying Agent shall agree with the Indenture Trustee (and if the Indenture Trustee acts as Paying Agent, it hereby so agrees), subject to the provisions of this Section, that such Paying Agent will:
Appears in 1 contract
Samples: Money Store Home Equity Corp
Money for Payments To Be Held in Trust. As provided in Section 8.2(a) -------------------------------------- Sections 5.04 and (b)8.02, all payments of amounts due and payable with respect to any Notes that are to be made from amounts distributed withdrawn from the Collection Account or any other Trust and the Note Distribution Account pursuant to Section 8.2(c8.02(c) shall be made on behalf of the Issuer by the Indenture Trustee or by another Paying Agent, and no amounts so distributed withdrawn from the Collection Account and the Note Distribution Account for payments of Notes shall be paid over to the Issuer except as provided in this Section. On or before the Business Day next preceding each Distribution Date and Redemption Date, the Issuer shall distribute deposit or cause to be distributed to deposited in the Indenture Trustee (or any other Paying Agent) Note Distribution Account an aggregate sum sufficient to pay the amounts then becoming due under the Notes, such sum to be held in trust for the benefit of the Persons entitled thereto thereto, and (unless the Paying Agent is the Indenture Trustee) shall promptly notify the Indenture Trustee in writing of its action or failure so to act. The Issuer shall will cause each Paying Agent other than the Indenture Trustee to execute and deliver to the Indenture Trustee and to the Insurer an instrument in which such Paying Agent shall agree with the Indenture Trustee (and if the Indenture Trustee acts as Paying Agent, it hereby so agrees), subject to the provisions of this Section, that such Paying Agent will:
Appears in 1 contract
Samples: Pooled Auto Securities Shelf LLC
Money for Payments To Be Held in Trust. As provided in Section 8.2(a) and (b), all payments of amounts due and payable with respect to any Notes that are to be made from amounts distributed from the Collection Account, or deposited into the Collection Account from the Supplemental Purchase Account or any other Trust Account the Reserve Account, pursuant to Section 8.2(c) Sections 2.7 and 2.8 of the Administration Agreement shall be made on behalf of the Issuer by the Indenture Trustee or by another Paying Agent, and no amounts so distributed from the Collection Account for payments of Notes to Noteholders shall be paid over to the Issuer except as provided in this Section. On or before the Business Day next preceding each Distribution Date and Redemption Date, the Issuer shall distribute or cause to be distributed to the Indenture Trustee (or any other Paying Agent) an aggregate sum sufficient to pay the amounts then becoming due under the Notes, such sum to be held in trust for the benefit of the Persons entitled thereto and (unless the Paying Agent is the Indenture Trustee) shall promptly notify the Indenture Trustee of its action or failure so to act. The Issuer shall cause each Paying Agent other than the Indenture Trustee to execute and deliver to the Indenture Trustee an instrument in which such Paying Agent shall agree with the Indenture Trustee (and if the Indenture Trustee acts as Paying Agent, it hereby so agrees), subject to the provisions of this Section, that such Paying Agent will:
Appears in 1 contract
Samples: SLM Funding LLC
Money for Payments To Be Held in Trust. As provided in Section 8.2(a) and (b)8.2, all payments of amounts due and payable with respect to any Notes that are to be made from amounts distributed from the Collection Account or any other Trust Account pursuant to Section 8.2(c) shall be made on behalf of the Issuer by the Indenture Trustee or by another Paying Agent, and no amounts so distributed from the Collection Account for payments of Notes shall be paid over to the Issuer except as provided in this Section. On or before the Business Day next preceding each Distribution Quarterly Payment Date and Redemption Date, the Issuer shall distribute or cause to be distributed to the Indenture Trustee (or any other Paying Agent) an aggregate sum sufficient to pay the amounts then becoming due under the Notes, such sum to be held in trust for the benefit of the Persons entitled thereto and (unless the Paying Agent is the Indenture Trustee) shall promptly notify the Indenture Trustee of its action or failure so to act. The Issuer shall will cause each Paying Agent other than the Indenture Trustee to execute and deliver to the Indenture Trustee an instrument in which such Paying Agent shall agree with the Indenture Trustee (and if the Indenture Trustee acts as Paying Agent, it hereby so agrees), subject to the provisions of this Section, that such Paying Agent will:
Appears in 1 contract
Samples: Efg Funding Corp
Money for Payments To Be Held in Trust. As provided in Section 8.2(a8.02(a) and (b), all payments of amounts due and payable with respect to any Notes that are to be made from amounts distributed withdrawn from the Collection Account or any other Trust and the Note Distribution Account pursuant to Section 8.2(c8.02(b) shall be made on behalf of the Issuer by the Indenture Trustee or by another Paying Agent, and no amounts so distributed withdrawn from the Collection Account and the Note Distribution Account for payments of Notes shall be paid over to the Issuer except as provided in this Section. On or before the Business Day next preceding each Distribution Date and Redemption Date, the Issuer shall distribute deposit or cause to be distributed to deposited in the Indenture Trustee (or any other Paying Agent) Note Distribution Account an aggregate sum sufficient to pay the amounts then becoming due under the Notes, such sum to be held in trust for the benefit of the Persons entitled thereto and (unless the Paying Agent is the Indenture Trustee) shall promptly notify the Indenture Trustee of its action or failure to so to act. The Issuer shall will cause each Paying Agent other than the Indenture Trustee to execute and deliver to the Indenture Trustee an instrument in which such Paying Agent shall agree with the Indenture Trustee (and if the Indenture Trustee acts as Paying Agent, it hereby so agrees), subject to the provisions of this Section, that such Paying Agent will:
Appears in 1 contract
Samples: Gs Mortgage Securities Corp
Money for Payments To Be Held in Trust. As provided in Section 8.2(a) and (b), all All payments of amounts due and payable with respect to any Notes that are to be made from amounts distributed withdrawn from the Collection Account or any other Trust and the Note Distribution Account pursuant to Section 8.2(c) 8.02 shall be made on behalf of the Issuer by the Indenture Trustee or by another Paying Agent, and no amounts so distributed withdrawn from the Collection Account and the Principal Distribution Account for payments of Notes shall be paid over to the Issuer except as provided in this Section. On or before the Business Day next preceding each Distribution Monthly Payment Date and Redemption Date, the Issuer shall distribute deposit or cause to be distributed to deposited in the Indenture Trustee (or any other Paying Agent) Principal Distribution Account an aggregate sum sufficient to pay the amounts then becoming due under the Notes, such sum to be held in trust for the benefit of the Persons entitled thereto thereto, and (unless the Paying Agent is the Indenture Trustee) shall promptly notify the Indenture Trustee of its action or failure so to act. The Issuer shall cause each Paying Agent other than the Indenture Trustee to execute and deliver to the Indenture Trustee an instrument in which such Paying Agent shall agree with the Indenture Trustee (and if the Indenture Trustee acts as Paying Agent, it hereby so agrees), subject to the provisions of this Section, that such Paying Agent willshall:
Appears in 1 contract
Samples: Indenture (Deutsche Recreational Asset Funding Corp)
Money for Payments To Be Held in Trust. As provided in Section 8.2(a) and (b), all payments of amounts due and payable with respect to any Indenture Notes that are to be made from amounts distributed withdrawn from the Collection Account or any other Trust and the Note Distribution Account pursuant to Section 8.2(c) shall be made on behalf of the Issuer by the Indenture Trustee or by another Paying Agent, and no amounts so distributed withdrawn from the Collection Account and the Note Distribution Account for payments of Indenture Notes shall be paid over to the Issuer except as provided in this Section. On or before the Business Day next preceding each Distribution Payment Date and Redemption Date, the Issuer shall distribute deposit or cause to be distributed to deposited in the Indenture Trustee (or any other Paying Agent) Note Distribution Account an aggregate sum sufficient to pay the amounts then becoming due under the Indenture Notes, such sum to be held in trust for the benefit of the Persons entitled thereto and (unless the Paying Agent is the Indenture Trustee) shall promptly notify the Indenture Trustee of its action or failure so to act. The Issuer shall will cause each Paying Agent other than the Indenture Trustee to execute and deliver to the Indenture Trustee an instrument in which such Paying Agent shall agree with the Indenture Trustee (and if the Indenture Trustee acts as Paying Agent, it hereby so agrees), subject to the provisions of this Section, that such Paying Agent will:
Appears in 1 contract
Samples: Case Receivables Ii Inc
Money for Payments To Be Held in Trust. As provided in Section -------------------------------------- 8.2(a) and (b), all payments of amounts due and payable with respect to any Notes that are to be made from amounts distributed from the Collection Account or any other Trust Account pursuant to Section 8.2(c) shall be made on behalf of the Issuer by the Indenture Trustee or by another Paying Agent, and no amounts so distributed from the Collection Account for payments of Notes shall be paid over to the Issuer except as provided in this Section. On or before the Business Day next preceding each Distribution Date and Redemption Date, the Issuer shall distribute or cause to be distributed to the Indenture Trustee (or any other Paying Agent) an aggregate sum sufficient to pay the amounts then becoming due under the Notes, such sum to be held in trust for the benefit of the Persons entitled thereto and (unless the Paying Agent is the Indenture Trustee) shall promptly notify the Indenture Trustee of its action or failure so to act. The Issuer shall cause each Paying Agent other than the Indenture Trustee to execute and deliver to the Indenture Trustee an instrument in which such Paying Agent shall agree with the Indenture Trustee (and if the Indenture Trustee acts as Paying Agent, it hereby so agrees), subject to the provisions of this Section, that such Paying Agent will:
Appears in 1 contract
Samples: SLM Funding Corp
Money for Payments To Be Held in Trust. As provided in Section 8.2(a) Sections 5.04 and (b)8.02, all payments of amounts due and payable with respect to any Notes that are to be made from amounts distributed withdrawn from the Collection Account or any other Trust and the Note Distribution Account pursuant to Section 8.2(c8.02(c) shall be made on behalf of the Issuer by the Indenture Trustee or by another Paying Agent, and no amounts so distributed withdrawn from the Collection Account and the Note Distribution Account for payments of Notes shall be paid over to the Issuer except as provided in this Section. On or before the Business Day next immediately preceding each Distribution Date and Redemption Date, the Issuer shall distribute deposit or cause to be distributed to deposited in the Indenture Trustee (or any other Paying Agent) Note Distribution Account an aggregate sum sufficient to pay the amounts then becoming due under the Notes, such sum to be held in trust for the benefit of the Persons entitled thereto thereto, and (unless the Paying Agent is the Indenture Trustee) shall promptly notify the Indenture Trustee of its action or failure so to act. The Issuer shall will cause each Paying Agent other than the Indenture Trustee to execute and deliver to the Indenture Trustee an instrument in which such Paying Agent shall agree with the Indenture Trustee (and if the Indenture Trustee acts as Paying Agent, it hereby so agrees), subject to the provisions of this Section, that such Paying Agent will:
Appears in 1 contract
Samples: American Honda Receivables Corp
Money for Payments To Be Held in Trust. As provided in Section 8.2(a) and (b), all payments of amounts due and payable with respect to any Notes that are to be made from amounts distributed from the Collection Account or any other Trust Account pursuant to Section 8.2(c) Sections 2.7 and 2.8 of the Administration Agreement shall be made on behalf of the Issuer by the Indenture Trustee Administrator or by another Paying Agent, and no amounts so distributed from the Collection Account or any other Trust Account for payments of Notes to Noteholders shall be paid over to the Issuer except as provided in this Section. On or before the Business Day next preceding each Distribution Date and Redemption Date, the Issuer shall distribute or cause to be distributed to the Indenture Trustee Administrator (or any other Paying Agent) an aggregate sum sufficient to pay the amounts then becoming due under the Notes, such sum to be held in trust for the benefit of the Persons entitled thereto and shall promptly notify the Indenture Trustee and (unless the Paying Agent is the Indenture Trustee) shall promptly notify ), the Indenture Trustee Administrator, of its action or failure so to act. The Issuer shall cause each Paying Agent other than the Indenture Administrator and the Indenture Trustee to execute and deliver to the Indenture Trustee an instrument in which such Paying Agent shall agree with the Indenture Trustee (and if the Indenture Trustee acts as Paying Agent, it hereby so agrees), subject to the provisions of this Section, that such Paying Agent will:
Appears in 1 contract
Money for Payments To Be Held in Trust. As provided in Section 8.2(a) and (b), all payments of amounts due and payable with respect to any Notes that are to be made from amounts distributed from the Collection Account or any other Trust Account pursuant to Section 8.2(c) 2.7, or deposited into the Collection Account from the Capitalized Interest Account, the Supplemental Purchase Account, the Pre-Funding Account, the Borrower Benefit Account, the Floor Income Rebate Account or the Reserve Account, pursuant to Sections 2.7 and 2.8 of the Administration Agreement, shall be made on behalf of the Issuer by the Indenture Trustee or by another Paying Agent, and no amounts so distributed from the Collection Account or any other Trust Account for payments of Notes to Noteholders shall be paid over to the Issuer except as provided in this Section. On or before the Business Day next preceding each Distribution Date and Redemption Date, the Issuer shall distribute or cause to be distributed to the Indenture Trustee (or any other Paying Agent) an aggregate sum sufficient to pay the amounts then becoming due under the Notes, such sum to be held in trust for the benefit of the Persons entitled thereto and (unless the Paying Agent is the Indenture Trustee) shall promptly notify the Indenture Trustee of its action or failure so to act. The Issuer shall cause each Paying Agent other than the Indenture Trustee to execute and deliver to the Indenture Trustee an instrument in which such Paying Agent shall agree with the Indenture Trustee (and if the Indenture Trustee acts as Paying Agent, it hereby so agrees), subject to the provisions of this Section, that such Paying Agent will:
Appears in 1 contract
Money for Payments To Be Held in Trust. As provided in Section 8.2(a) and (b)SECTION 8.2, all payments of amounts due and payable with respect to any Notes that are to be made from amounts distributed withdrawn from the Collection Account or any other Trust Account pursuant to Section 8.2(c) SECTION 8.2 shall be made on behalf of the Issuer by the Indenture Trustee or by another Paying Agent, and no amounts so distributed withdrawn from the Collection Account for payments of Notes shall be paid over to the Issuer except as provided in this SectionSection and SECTION 2.11 of the Sale and Servicing Agreement. On or before the Business Day next preceding each Distribution Payment Date and Redemption Date, the Issuer shall distribute deposit or cause the Servicer to be distributed deposit in the Collection Account to the Indenture Trustee (or any other Paying Agent) extent of Available Amounts, an aggregate sum sufficient to pay the amounts then becoming due under the NotesNotes as and to the extent required by SECTION 2.11 of the Sale and Servicing Agreement, such sum to be held in trust for the benefit of the Persons entitled thereto thereto, and shall promptly notify in writing the Facility Administrator and the Indenture Trustee (unless the Paying Agent is the Indenture Trustee) shall promptly notify the Indenture Trustee of its action or failure so to act. The Issuer shall will cause each Paying Agent other than the Indenture Trustee Trustee, if any, to execute and deliver to the Facility Administrator and the Indenture Trustee an instrument in which such Paying Agent shall agree with the Indenture Trustee (and if the Indenture Trustee acts as Paying Agent, it hereby so agrees), subject to the provisions of this Section, that such Paying Agent will:
Appears in 1 contract
Samples: Indenture (Bluegreen Corp)
Money for Payments To Be Held in Trust. As provided in Section 8.2(a8.02(a) and (b), all payments of amounts due and payable with respect to any Notes that are to be made from amounts distributed withdrawn from the Collection Account or any other Trust and the Note Distribution Account pursuant to Section 8.2(c8.02(c), (d), (e) and (g) shall be made on behalf of the Issuer by the Indenture Trustee or by another Paying Agent, and no amounts so distributed withdrawn from the Collection Account and the Note Distribution Account for payments of Notes shall be paid over to the Issuer except as provided in this Section. On or before the Business Day next preceding each Distribution Payment Date and Redemption Date, the Issuer shall distribute allocate or cause to be distributed allocated in the Note Distribution Account for distribution to the Indenture Trustee (or any other Paying Agent) Noteholders an aggregate sum sufficient to pay the amounts then becoming due under the Notes, such sum to be held in trust for the benefit of the Persons entitled thereto thereto, and (unless the Paying Agent is the Indenture Trustee) shall promptly notify the Indenture Trustee of its action or failure so to act. The Issuer shall will cause each Paying Agent other than the Indenture Trustee to execute and deliver to the Indenture Trustee an instrument in which such Paying Agent shall agree with the Indenture Trustee (and if the Indenture Trustee acts as Paying Agent, it hereby so agrees), subject to the provisions of this Section, that such Paying Agent will:
Appears in 1 contract
Money for Payments To Be Held in Trust. As provided in Section 8.2(a) and (b)8.02, all payments of amounts due and payable with respect to any Notes that are to be made from amounts distributed withdrawn from the Collection Account or any other Trust and the Note Distribution Account pursuant to Section 8.2(c8.02(b) shall be made on behalf of the Issuer by the Indenture Trustee or by another Paying Agent, and no amounts so distributed withdrawn from the Collection Account and the Note Distribution Account for payments of Notes shall be paid over to the Issuer except as provided in this Section. On or before the Business Day next immediately preceding each Distribution Date and Redemption Date, the Issuer shall distribute deposit or cause to be distributed to deposited in the Indenture Trustee (or any other Paying Agent) Note Distribution Account an aggregate sum sufficient to pay the amounts then becoming due under the Notesdue, such sum to be held in trust for the benefit of the Persons entitled thereto and (unless the Paying Agent is the Indenture Trustee) shall promptly notify the Indenture Trustee of its action or failure to so to act. The Issuer shall will cause each Paying Agent other than the Indenture Trustee to execute and deliver to the Indenture Trustee an instrument in which such Paying Agent shall agree with the Indenture Trustee (and if the Indenture Trustee acts as Paying Agent, it hereby so agrees), subject to the provisions of this Section, that such Paying Agent will:
Appears in 1 contract
Samples: Newcourt Receivables Corp Ii
Money for Payments To Be Held in Trust. As provided in Section 8.2(a) and (b)SECTION 8.02, all payments of amounts due and payable with respect to any Notes that are to be made from amounts distributed withdrawn from the Collection Account or any other Trust and the Note Distribution Account pursuant to Section 8.2(cSECTION 8.02(b) shall be made on behalf of the Issuer by the Indenture Trustee or by another Paying Agent, and no amounts so distributed withdrawn from the Collection Account and the Note Distribution Account for payments of Notes shall be paid over to the Issuer except as provided in this Section. On or before the Business Day next immediately preceding each Distribution Date and Redemption Date, the Issuer shall distribute deposit or cause to be distributed to deposited in the Indenture Trustee (or any other Paying Agent) Note Distribution Account an aggregate sum sufficient to pay the amounts then becoming due under the Notesdue, such sum to be held in trust for the benefit of the Persons entitled thereto and (unless the Paying Agent is the Indenture Trustee) shall promptly notify the Indenture Trustee of its action or failure so to act. The Issuer shall will cause each Paying Agent other than the Indenture Trustee to execute and deliver to the Indenture Trustee an instrument in which such Paying Agent shall agree with the Indenture Trustee (and if the Indenture Trustee acts as Paying Agent, it hereby so agrees), subject to the provisions of this Section, that such Paying Agent will:
Appears in 1 contract
Samples: Sale and Servicing Agreement (Dealer Auto Receivables Corp)
Money for Payments To Be Held in Trust. As provided in Section 8.2(a) and (b), all payments of amounts due and payable with respect to any Notes or any of the Swap Agreements that are to be made from amounts distributed from the Collection Account, or deposited into the Collection Account from the Capitalized Interest Account, the Supplemental Purchase Account, the Borrower Benefit Account, the Add-On Consolidation Loan Account or any other Trust Account the Reserve Account, pursuant to Section 8.2(c) Sections 2.7, and 2.8 of the Administration Agreement shall be made on behalf of the Issuer by the Indenture Trustee or by another Paying Agent, and no amounts so distributed from the Collection Account for payments to Noteholders or any of Notes the Swap Counterparties shall be paid over to the Issuer except as provided in this Section. On or before the Business Day next preceding each Distribution Date and Redemption Date, the Issuer shall distribute or cause to be distributed to the Indenture Trustee (or any other Paying Agent) an aggregate sum sufficient to pay the amounts then becoming due under the NotesNotes or any of the Swap Agreements, such sum to be held in trust for the benefit of the Persons entitled thereto and (unless the Paying Agent is the Indenture Trustee) shall promptly notify the Indenture Trustee of its action or failure so to act. The Issuer shall cause each Paying Agent other than the Indenture Trustee to execute and deliver to the Indenture Trustee an instrument in which such Paying Agent shall agree with the Indenture Trustee (and if the Indenture Trustee acts as Paying Agent, it hereby so agrees), subject to the provisions of this Section, that such Paying Agent will:
Appears in 1 contract
Money for Payments To Be Held in Trust. As provided in Section 8.2(a) Sections 5.04 and (b)8.02, all payments of amounts due and payable with respect to any Notes that are to be made from amounts distributed withdrawn from the Collection Account or any other Trust and the Note Distribution Account pursuant to Section 8.2(c8.02(c) shall be made on behalf of the Issuer by the Indenture Trustee or by another Paying Agent, and no amounts so distributed withdrawn from the Collection Account and the Note Distribution Account for payments of Notes shall be paid over to the Issuer except as provided in this Section. On or before the Business Day next immediately preceding each Distribution Date and Redemption Date, the Issuer shall distribute deposit or cause to be distributed to deposited in the Indenture Trustee (or any other Paying Agent) Note Distribution Account an aggregate sum sufficient to pay the amounts then becoming due under the Notes, such sum to be held in trust for the benefit of the Persons entitled thereto thereto, and (unless the Paying Agent is the Indenture Trustee) shall promptly notify the Indenture Trustee in writing of its action or failure so to act. The Issuer shall will cause each Paying Agent other than the Indenture Trustee to execute and deliver to the Indenture Trustee an instrument in which such Paying Agent shall agree with the Indenture Trustee (and if the Indenture Trustee acts as Paying Agent, it hereby so agrees), subject to the provisions of this Section, that such Paying Agent will:
Appears in 1 contract
Samples: Pooled Auto Securities Shelf LLC
Money for Payments To Be Held in Trust. As provided in -------------------------------------- Section 8.2(a8.02(a) and (b), all payments of amounts due and payable with respect to any Notes that are to be made from amounts distributed from the Collection Account or any other Trust Account pursuant to Section 8.2(c8.02(c) shall be made on behalf of the Issuer by the Indenture Trustee or by another Paying Agent, and no amounts so distributed from the Collection Account for payments of Notes shall be paid over to the Issuer except as provided in this Section. On or before the Business Day next preceding each Interest Payment Date or Distribution Date and Redemption Date, the Issuer shall distribute or cause to be distributed to the Indenture Trustee (or any other Paying Agent) an aggregate sum sufficient to pay the amounts then becoming due under the Notes, such sum to be held in trust for the benefit of the Persons entitled thereto and (unless the Paying Agent is the Indenture Trustee) shall promptly notify the Indenture Trustee of its action or failure so to act. The Issuer shall will cause each Paying Agent other than the Indenture Trustee to execute and deliver to the Indenture Trustee an instrument in which such Paying Agent shall agree with the Indenture Trustee (and if the Indenture Trustee acts as Paying Agent, it hereby so agrees), subject to the provisions of this Section, that such Paying Agent will:
Appears in 1 contract
Samples: Signet Bank Maryland
Money for Payments To Be Held in Trust. As provided in Section 8.2(a) and (b)8.2, all payments of amounts due and payable with respect to any Notes that are to be made from amounts distributed withdrawn from the Collection Account or any other Trust and the Note Distribution Account pursuant to Section 8.2(c) shall be made on behalf of the Issuer by the Indenture Trustee or by another Note Paying Agent, and no amounts so distributed withdrawn from the Collection Account and the Note Distribution Account for payments of Notes shall be paid over to the Issuer except as provided in this Section. On or before the Business Day next preceding each Distribution Date and Redemption Date, the Issuer shall distribute deposit or cause to be distributed to deposited in the Indenture Trustee (or any other Paying Agent) Note Distribution Account an aggregate sum sufficient to pay the amounts then becoming due under the Notes, such sum to be held in trust for the benefit of the Persons entitled thereto and (unless the Note Paying Agent is the Indenture Trustee) shall promptly notify the Indenture Trustee of its action or failure so to act. The Issuer shall will cause each Note Paying Agent (other than the Indenture Trustee Trustee) to execute and deliver to the Indenture Trustee an instrument in which such Note Paying Agent shall agree with the Indenture Trustee (and if the Indenture Trustee acts as Note Paying Agent, it hereby so agrees), subject to the provisions of this Section, that such Note Paying Agent will:
Appears in 1 contract
Samples: Indenture (Bank One Auto Securitization Trust 2003-1)
Money for Payments To Be Held in Trust. As provided -------------------------------------- in Section 8.2(a8.02(a) and (b), all payments of amounts due and payable with respect to any Notes that are to be made from amounts distributed withdrawn from the Collection Account or any other Trust and the Note Distribution Account pursuant to Section 8.2(c8.02(c) shall be made on behalf of the Issuer by the Indenture Trustee or by another Paying Agent, and no amounts so distributed withdrawn from the Collection Account and the Note Distribution Account for payments of Notes shall be paid over to the Issuer except as provided in this Section. On or before the Business Day next preceding each Distribution Date and Redemption Date, the Issuer shall distribute deposit or cause to be distributed to deposited in the Indenture Trustee (or any other Paying Agent) Note Distribution Account an aggregate sum sufficient to pay the amounts then becoming due under the Notes, such sum to be held in trust for the benefit of the Persons entitled thereto and (unless the Paying Agent is the Indenture Trustee) shall promptly notify the Indenture Trustee of its action or failure to so to act. The Issuer shall will cause each Paying Agent other than the Indenture Trustee to execute and deliver to the Indenture Trustee an instrument in which such Paying Agent shall agree with the Indenture Trustee (and if the Indenture Trustee acts as Paying Agent, it hereby so agrees), subject to the provisions of this Section, that such Paying Agent will:
Appears in 1 contract
Samples: Asset Backed Securities Corp
Money for Payments To Be Held in Trust. As provided in Section 8.2(a) and (b), all All payments of amounts due and payable with respect to any Notes that are to be made from amounts distributed withdrawn from the Collection Account or any other Trust Account pursuant to Section 8.2(c) Accounts shall be made on behalf of the Issuer by the Indenture Trustee or by another Paying Agent, and no amounts so distributed withdrawn from the Collection Account, the Note Distribution Account or the Reserve Account for payments of Notes shall be paid over to the Issuer except as provided in this Section. 20[__]-[ ] Indenture) On or before the Business Day next preceding each Distribution Payment Date and Redemption Date, the Issuer shall distribute deposit or cause to be distributed to deposited in the Indenture Trustee (or any other Paying Agent) Note Distribution Account an aggregate sum sufficient to pay the amounts then becoming due under the Notes, such sum to be held in trust for the benefit of the Persons entitled thereto thereto, and (unless the Paying Agent is the Indenture Trustee) shall promptly notify the Indenture Trustee of its action or failure so to act. The Issuer shall will cause each Paying Agent other than the Indenture Trustee to execute and deliver to the Indenture Trustee an instrument in which such Paying Agent shall agree with the Indenture Trustee (and if the Indenture Trustee acts as Paying Agent, it hereby so agrees), subject to the provisions of this Section, that such Paying Agent will:
Appears in 1 contract
Samples: Hyundai Abs Funding Corp
Money for Payments To Be Held in Trust. As provided in Section 8.2(a) and (b), all payments of amounts due and payable with respect to any Notes that are to be made from amounts distributed from the Collection Account, or deposited into the Collection Account from the Capitalized Interest Account, the Supplemental Purchase Account, the Borrower Benefit Account or any other Trust Account the Reserve Account, pursuant to Section 8.2(c) Sections 2.7 and 2.8 of the Administration Agreement shall be made on behalf of the Issuer by the Indenture Trustee or by another Paying Agent, and no amounts so distributed from the Collection Account for payments of Notes to Noteholders shall be paid over to the Issuer except as provided in this Section. On or before the Business Day next preceding each Distribution Date and Redemption Date, the Issuer shall distribute or cause to be distributed to the Indenture Trustee (or any other Paying Agent) an aggregate sum sufficient to pay the amounts then becoming due under the Notes, such sum to be held in trust for the benefit of the Persons entitled thereto and (unless the Paying Agent is the Indenture Trustee) shall promptly notify the Indenture Trustee of its action or failure so to act. The Issuer shall cause each Paying Agent other than the Indenture Trustee to execute and deliver to the Indenture Trustee an instrument in which such Paying Agent shall agree with the Indenture Trustee (and if the Indenture Trustee acts as Paying Agent, it hereby so agrees), subject to the provisions of this Section, that such Paying Agent will:
Appears in 1 contract
Money for Payments To Be Held in Trust. As provided in Section 8.2(a) and (b), all All payments of amounts due and payable with respect to any Notes that are to be made from amounts distributed from the Collection Account or any other Trust Account pursuant to Section 8.2(c) shall be made on behalf of the Issuer by the Indenture Trustee or by another Paying Agent, and no amounts so distributed from the Collection Account for payments of Notes shall be paid over to the Issuer except as provided in this Section. On or before the Business Day next preceding each Distribution Payment Date and Redemption Date, the Issuer shall distribute allocate or cause to be distributed allocated to the Indenture Trustee (or any other Paying Agent) an aggregate sum sufficient to pay the amounts then becoming due under on the Notes, such sum to be held in trust for the benefit of the Persons entitled thereto and (unless the Paying Agent is the Indenture Trustee) shall promptly notify the Indenture Trustee of its action or failure so to act. The Issuer shall will cause each Paying Agent other than the Indenture Trustee to execute and deliver to the Indenture Trustee an instrument in which such Paying Agent shall agree with the Indenture Trustee (and if the Indenture Trustee acts as Paying Agent, it hereby so agrees), subject to the provisions of this Section, that such Paying Agent will:
Appears in 1 contract
Samples: Indenture (Uici)
Money for Payments To Be Held in Trust. As provided in Section 8.2(a) and (b), all payments of amounts due and payable with respect to any Notes or the Currency Swap Agreement that are to be made from amounts distributed from the Collection Account, or deposited into the Collection Account from the Capitalized Interest Account, the Supplemental Purchase Account, the Borrower Benefit Account, the Add-On Consolidation Loan Account or any other Trust Account the Reserve Account, pursuant to Section 8.2(c) Sections 2.7, and 2.8 of the Administration Agreement shall be made on behalf of the Issuer by the Indenture Trustee or by another Paying Agent, and no amounts so distributed from the Collection Account for payments of Notes to Noteholders or the Currency Swap Counterparty shall be paid over to the Issuer except as provided in this Section. On or before the Business Day next preceding each Distribution Date and Redemption Date, the Issuer shall distribute or cause to be distributed to the Indenture Trustee (or any other Paying Agent) an aggregate sum sufficient to pay the amounts then becoming due under the NotesNotes or the Currency Swap Agreement, such sum to be held in trust for the benefit of the Persons entitled thereto and (unless the Paying Agent is the Indenture Trustee) shall promptly notify the Indenture Trustee of its action or failure so to act. The Issuer shall cause each Paying Agent other than the Indenture Trustee to execute and deliver to the Indenture Trustee an instrument in which such Paying Agent shall agree with the Indenture Trustee (and if the Indenture Trustee acts as Paying Agent, it hereby so agrees), subject to the provisions of this Section, that such Paying Agent will:
Appears in 1 contract
Money for Payments To Be Held in Trust. As provided in Section 8.2(aSections 8.02(a) and (b), all payments of amounts due and payable with respect to any Notes that are to be made from amounts distributed from the Collection Account or any other Trust Account, or deposited into the Collection Account from any other Trust Account, pursuant to Section 8.2(c) Sections 2.07 and 2.08 of the Administration Agreement shall be made on behalf of the Issuer by the Indenture Trustee or by another Paying Agent, and no amounts so distributed from the Collection Account for payments of Notes to Noteholders shall be paid over to the Issuer except as provided in this Section. On or before the Business Day next preceding each Distribution Date and Redemption Date, the Issuer shall distribute or cause to be distributed to the Indenture Trustee (or any other Paying Agent) an aggregate sum sufficient to pay the amounts then becoming due under the Notes, such sum to be held in trust for the benefit of the Persons entitled thereto and (unless the Paying Agent is the Indenture Trustee) shall promptly notify the Indenture Trustee in writing of its action or failure so to act. The Issuer shall cause each Paying Agent other than the Indenture Trustee to execute and deliver to the Indenture Trustee an instrument in which such Paying Agent shall agree with the Indenture Trustee (and if the Indenture Trustee acts as Paying Agent, it hereby so agrees), subject to the provisions of this Section, that such Paying Agent will:
Appears in 1 contract
Samples: Indenture (SLM Private Credit Student Loan Trust 2006-B)
Money for Payments To Be Held in Trust. As provided -------------------------------------- in Section 8.2(a) and (b), all payments of amounts due and payable with respect to any Notes that are to be made from amounts distributed from the Collection Account or any other Trust Account pursuant to Section 8.2(c) shall be made on behalf of the Issuer by the Indenture Trustee or by another Paying Agent, and no amounts so distributed from the Collection Account for payments of Notes shall be paid over to the Issuer except as provided in this Section. On or before the Business Day next preceding each Distribution Date and Redemption Date, the Issuer shall distribute or cause to be distributed to the Indenture Trustee (or any other Paying Agent) an aggregate sum sufficient to pay the amounts then becoming due under the Notes, such sum to be held in trust for the benefit of the Persons entitled thereto and (unless the Paying Agent is the Indenture Trustee) shall promptly notify the Indenture Trustee of its action or failure so to act. The Issuer shall cause each Paying Agent other than the Indenture Trustee to execute and deliver to the Indenture Trustee an instrument in which such Paying Agent shall agree with the Indenture Trustee (and if the Indenture Trustee acts as Paying Agent, it hereby so agrees), subject to the provisions of this Section, that such Paying Agent will:
Appears in 1 contract
Samples: Indenture (SLM Funding Corp)
Money for Payments To Be Held in Trust. As provided in Section 8.2(a) and (b), all payments of amounts due and payable with respect to any Notes or any Swap Agreement that are to be made from amounts distributed from the Collection Account, or deposited into the Collection Account from the Supplemental Purchase Account, the Pre-Funding Account, the Add-On Consolidation Loan Account, the Capitalized Interest Account or any other Trust Account the Reserve Account, pursuant to Section 8.2(c) Sections 2.7 and 2.8 of the Administration Agreement shall be made on behalf of the Issuer by the Indenture Trustee or by another Paying Agent, and no amounts so distributed from the Collection Account for payments of Notes to Noteholders or any Swap Counterparty shall be paid over to the Issuer except as provided in this Section. On or before the Business Day next preceding each Distribution Date and Redemption Date, the Issuer shall distribute or cause to be distributed to the Indenture Trustee (or any other Paying Agent) an aggregate sum sufficient to pay the amounts then becoming due under the NotesNotes or any Swap Agreement, such sum to be held in trust for the benefit of the Persons entitled thereto and (unless the Paying Agent is the Indenture Trustee) shall promptly notify the Indenture Trustee of its action or failure so to act. The Issuer shall cause each Paying Agent other than the Indenture Trustee to execute and deliver to the Indenture Trustee an instrument in which such Paying Agent shall agree with the Indenture Trustee (and if the Indenture Trustee acts as Paying Agent, it hereby so agrees), subject to the provisions of this Section, that such Paying Agent will:
Appears in 1 contract
Samples: SLM Student Loan Trust 2005-6
Money for Payments To Be Held in Trust. As provided in Section Sections 8.2(a) and (b), all payments of amounts due and payable with respect to any Notes that are to be made from amounts distributed withdrawn from the Collection Principal and Interest Account or any other Trust and the Note Distribution Account pursuant to Section 8.2(c) shall be made on behalf of the Issuer by the Indenture Trustee or by another Paying Agent, and no amounts so distributed withdrawn from the Collection Principal and Interest Account and either Note Distribution Account for payments of Notes shall be paid over to the Issuer except as provided in this Section. On or before the Business Day next preceding each Distribution Remittance Date and Redemption Date, the Issuer shall distribute deposit or cause to be distributed deposited in the Pool I Note Distribution Account and Pool II Note Distribution Account, to the Indenture Trustee (or any other Paying Agent) extent of Pool Available Remittance Amounts, an aggregate sum sufficient to pay the amounts then becoming due under the Pool I Notes and Pool II Notes, respectively, such sum to be held in trust for the benefit of the Persons entitled thereto and (unless the Paying Agent is the Indenture Trustee) shall promptly notify the Indenture Trustee of its action or failure so to act. The Issuer shall will cause each Paying Agent other than the Indenture Trustee to execute and deliver to the Indenture Trustee an instrument in which such Paying Agent shall agree with the Indenture Trustee (and if the Indenture Trustee acts as Paying Agent, it hereby so agrees), subject to the provisions of this Section, that such Paying Agent will:
Appears in 1 contract
Money for Payments To Be Held in Trust. As provided in Section -------------------------------------- Sections 8.2(a) and (b), all payments of amounts due and payable with respect to any Notes that are to be made from amounts distributed withdrawn from the Collection Account or any other Trust and the Note Distribution Account pursuant to Section 8.2(c) shall be made on behalf of the Issuer by the Indenture Trustee or by another Paying Agent, and no amounts so distributed withdrawn from the Collection Account and the Note Distribution Account for payments of Notes shall be paid over to the Issuer except as provided in this Section. On or before the Business Day next preceding each Distribution Payment Date and Redemption Date, the Issuer shall distribute deposit or cause to be distributed to deposited in the Indenture Trustee (or any other Paying Agent) Note Distribution Account an aggregate sum sufficient to pay the amounts then becoming due under the Notes, such sum to be held in trust for the benefit of the Persons entitled thereto and (unless the Paying Agent is the Indenture Trustee) shall promptly notify the Indenture Trustee of its action or failure so to act. The Issuer shall will cause each Paying Agent other than the Indenture Trustee to execute and deliver to the Indenture Trustee and the Insurer an instrument in which such Paying Agent shall agree with the Indenture Trustee (and if the Indenture Trustee acts as Paying Agent, it hereby so agrees), subject to the provisions of this Section, that such Paying Agent will:
Appears in 1 contract
Money for Payments To Be Held in Trust. As provided in Section 8.2(a) and (b), all payments of amounts due and payable with respect to any Notes that are to be made from amounts distributed from the Collection Account or any other Trust Account pursuant to Section 8.2(c) shall be made on behalf of the Issuer by the Indenture Trustee or by another Paying Agent, and no amounts so distributed from the Collection Account for payments of Notes shall be paid over to the Issuer except as provided in this Section. On or before the Business Day next preceding each Distribution Date and Redemption Date, the Issuer shall distribute or cause to be distributed to the Indenture Trustee (or any other Paying Agent) an aggregate sum sufficient to pay the amounts then becoming due under the Notes, such sum to be held in trust for the benefit of the Persons entitled thereto and (unless the Paying Agent is the Indenture Trustee) shall promptly notify the Indenture Trustee of its action or failure so to act. The Issuer shall cause each Paying Agent other than the Indenture Trustee to execute and deliver to the Indenture Trustee an instrument in which such Paying Agent shall agree with the Indenture Trustee (and if the Indenture Trustee acts as Paying Agent, it hereby so agrees), subject to the provisions of this Section, that such Paying Agent will:acts
Appears in 1 contract
Samples: SLM Funding Corp
Money for Payments To Be Held in Trust. As provided in Section 8.2(a) and (b), all All payments of amounts due and payable with respect to any Notes that are to be made from amounts distributed withdrawn from the Collection Account, the Note Distribution Account or any other Trust and the Reserve Account pursuant to Section 8.2(c) shall be made on behalf of the Issuer by the Indenture Trustee or by another Paying Agent, and no amounts so distributed withdrawn from the Collection Account, the Note Distribution Account or the Reserve Account for payments of Notes [or any Swap Counterparty] shall be paid over to the Issuer except as provided in this Section. On or before the Business Day next preceding each Distribution Payment Date and Redemption Date, the Issuer shall distribute deposit or cause to be distributed to deposited in the Indenture Trustee (or any other Paying Agent) Note Distribution Account an aggregate sum sufficient to pay the amounts then becoming due under the NotesNotes [and any Swap Counterparty], such sum to be held in trust for the benefit of the Persons entitled thereto thereto, and (unless the Paying Agent is the Indenture Trustee) shall promptly notify the Indenture Trustee of its action or failure so to act. The Issuer shall will cause each Paying Agent other than the Indenture Trustee to execute and deliver to the Indenture Trustee an instrument in which such Paying Agent shall agree with the Indenture Trustee (and if the Indenture Trustee acts as Paying Agent, it hereby so agrees), subject to the provisions of this Section, that such Paying Agent will:
Appears in 1 contract
Samples: BMW Fs Securities LLC
Money for Payments To Be Held in Trust. As provided in Section 8.2(a) and (b)8.2, all payments of amounts due and payable with respect to any Notes that are to be made from amounts distributed withdrawn from the Collection Account or any other Trust and the Note Distribution Account pursuant to Section 8.2(c) shall be made on behalf of the Issuer Owner Trustee by the Indenture Trustee or by another Paying Agent, and no amounts so distributed withdrawn from the Collection Account and the Note Distribution Account for payments of Notes shall be paid over to the Issuer Owner Trustee except as provided in this Section. On or before the Business Day next preceding each Distribution Payment Date and Redemption Date, the Issuer Owner Trustee shall distribute deposit or cause to be distributed to deposited in the Indenture Trustee (or any other Paying Agent) Note Distribution Account an aggregate sum sufficient to pay the amounts then becoming due under the Notes, such sum to be held in trust for the benefit of the Persons entitled thereto and (unless the Paying Agent is the Indenture Trustee) shall promptly notify the Indenture Trustee of its action or failure so to act. The Issuer shall Owner Trustee will cause each Paying Agent other than the Indenture Trustee to execute and deliver to the Indenture Trustee an instrument in which such Paying Agent shall agree with the Indenture Trustee (and if the Indenture Trustee acts as Paying Agent, it hereby so agrees), subject to the provisions of this Section, that such Paying Agent will:
Appears in 1 contract
Samples: Bond Securitization LLC
Money for Payments To Be Held in Trust. As provided in Section 8.2(a) 8.2(a )and (b), all payments of amounts due and payable with respect to any Notes that are to be made from amounts distributed withdrawn from the Collection Account or any other Trust and the Distribution Account pursuant to Section 8.2(c) shall be made on behalf of the Issuer by the Indenture Trustee or by another Paying Agent, and no amounts so distributed withdrawn from the Collection Account and the Distribution Account for payments of Notes shall be paid over to the Issuer except as provided in this Section. On or before the Business Day next preceding each Distribution Date and Redemption Date, the Issuer shall distribute deposit or cause to be distributed to deposited in the Indenture Trustee (or any other Paying Agent) Distribution Account an aggregate sum sufficient to pay the amounts then becoming due under the Notes, such sum to be held in trust for the benefit of the Persons entitled thereto thereto, and (unless the Paying Agent is the Indenture Trustee) shall promptly notify the Indenture Trustee of its action or failure so to act. The Issuer shall will cause each Paying Agent other than the Indenture Trustee to execute and deliver to the Indenture Trustee an instrument in which such Paying Agent shall agree with the Indenture Trustee (and if the Indenture Trustee acts as Paying Agent, it hereby so agrees), subject to the provisions of this Section, that such Paying Agent will:
Appears in 1 contract
Samples: Onyx Acceptance Financial Corp
Money for Payments To Be Held in Trust. As provided in Section 8.2(a) and (b)8.02, all payments of amounts due and payable with respect to any Notes that are to be made from amounts distributed from the Collection Account or any other Trust Account pursuant to Section 8.2(c) shall be made on behalf of the Issuer by the Indenture Trustee or by another Paying Agent, and no amounts so distributed from the Collection Account for payments of Notes shall be paid over to the Issuer except as provided in this Section. On or before the Business Day next preceding each Distribution Quarterly Payment Date and Redemption Date, the Issuer shall distribute or cause to be distributed to the Indenture Trustee (or any other Paying Agent) an aggregate sum sufficient to pay the amounts then becoming due under the Notes, such sum to be held in trust for the benefit of the Persons entitled thereto thereto, and (unless the Paying Agent is the Indenture Trustee) shall promptly notify the Indenture Trustee of its action or failure so to act. The Issuer shall will cause each Paying Agent other than the Indenture Trustee to execute and deliver to the Indenture Trustee an instrument in which such Paying Agent shall agree with the Indenture Trustee (and if the Indenture Trustee acts as Paying Agent, it hereby so agrees), subject to the provisions of this Section, that such Paying Agent will:
Appears in 1 contract
Money for Payments To Be Held in Trust. As provided in Section 8.2(a) and (b)8.02, all payments of amounts due and payable with respect to any Notes that are to be made from amounts distributed from the Collection Account or any other Trust Account pursuant to Section 8.2(c8.02(c) from amounts withdrawn from the Trust Accounts shall be made on behalf of the Issuer by the Indenture Trustee or by another Paying Agent, and no amounts so distributed from the Collection Account for payments of Notes withdrawn shall be paid over to the Issuer except as provided in this SectionIssuer. On or before the Business Day next preceding each Distribution Date and Redemption Date, the Issuer shall distribute deposit or cause to be distributed to deposited in the Indenture Trustee (or any other Paying Agent) Note Distribution Account an aggregate sum sufficient to pay the amounts then becoming due under the Notesdue, such sum to be held in trust for the benefit of the Persons entitled thereto and (unless the Paying Agent is the Indenture Trustee) shall promptly notify the Indenture Trustee of its action or failure so to act. The Issuer shall will cause each Paying Agent other than the Indenture Trustee to execute and deliver to the Indenture Trustee an instrument in which such Paying Agent shall agree with the Indenture Trustee (and if the Indenture Trustee acts as Paying Agent, it hereby so agrees), subject to the provisions of this Section, that such Paying Agent will:
Appears in 1 contract
Money for Payments To Be Held in Trust. As provided in Section 8.2(a) and (b)8.02, all payments of amounts due and payable with respect to any Notes that are to be made from amounts distributed withdrawn from the Collection Account or any other Trust and the Note Distribution Account pursuant to Section 8.2(c8.02(b) shall be made on behalf of the Issuer by the Indenture Trustee or by another Paying Agent, and no amounts so distributed withdrawn from the Collection Account and the Note Distribution Account for payments of Notes shall be paid over to the Issuer except as provided in this Section. On or before the Business Day next immediately preceding each Distribution Date and Redemption Date, the Issuer shall distribute deposit or cause to be distributed to deposited in the Indenture Trustee (or any other Paying Agent) Note Distribution Account an aggregate sum sufficient to pay the amounts then becoming due under the Notesdue, such sum to be held in trust for the benefit of the Persons entitled thereto and (unless the Paying Agent is 18 the Indenture Trustee) shall promptly notify the Indenture Trustee of its action or failure so to act. The Issuer shall will cause each Paying Agent other than the Indenture Trustee to execute and deliver to the Indenture Trustee an instrument in which such Paying Agent shall agree with the Indenture Trustee (and if the Indenture Trustee acts as Paying Agent, it hereby so agrees), subject to the provisions of this Section, that such Paying Agent will:
Appears in 1 contract
Samples: Sale and Servicing Agreement (Harley Davidson Customer Funding Corp)
Money for Payments To Be Held in Trust. As provided in Section 8.2(a) and (b), all All payments of amounts due and payable with respect to any Notes that are to be made from amounts distributed withdrawn from the Collection Account, the Principal Distribution Account or any other Trust and the Reserve Account pursuant to Section 8.2(c) shall be made on behalf of the Issuer by the Indenture Trustee or by another Paying Agent, and no amounts so distributed withdrawn from the Collection Account, the Principal Distribution Account or the Reserve Account for payments of Notes shall be paid over to the Issuer except as provided in this SectionSection 3.03. On or before the Business Day next preceding each Distribution Payment Date and the Redemption Date, the Issuer shall distribute deposit or cause to be distributed to deposited in the Indenture Trustee (or any other Paying Agent) Collection Account and the Principal Distribution Account an aggregate sum sufficient to pay the amounts then becoming due under the Notes, such sum to be held in trust for the benefit of the Persons entitled thereto thereto, and (unless the Paying Agent is the Indenture Trustee) shall promptly notify the Indenture Trustee Trustee, in writing, of its action or failure so to act. The Issuer shall will cause each Paying Agent other than the Indenture Trustee to execute and deliver to the Indenture Trustee an instrument in which such Paying Agent shall agree with the Indenture Trustee (and if the Indenture Trustee acts as Paying Agent, it hereby so agrees), subject to the provisions of this SectionSection 3.03, that such Paying Agent will:
Appears in 1 contract
Money for Payments To Be Held in Trust. As provided in Section 8.2(a) and (b), all All payments of amounts due and payable with respect to any Notes that are to be made from amounts distributed withdrawn from the Collection Account, the Note Interest Distribution Account or any other Trust and the Principal Distribution Account pursuant to Section 8.2(c) shall be made on behalf of the Issuer by the Indenture Trustee Trustee, the Bond Administrator or by another Paying Agent, and no amounts so distributed withdrawn from the Collection Account, the Note Interest Distribution Account or the Principal Distribution Account for payments of Notes shall be paid over to the Issuer except as provided in this Section. On or before the Business Day next preceding each Distribution Date and Redemption Date, the Issuer shall distribute deposit or cause to be distributed to deposited in the Indenture Trustee (or any other Paying Agent) Note Interest Distribution Account and the Principal Distribution Account an aggregate sum sufficient to pay the amounts then becoming due under the Notes, such sum to be held in trust for the benefit of the Persons entitled thereto thereto, and (unless the Paying Agent is the Indenture TrusteeTrustee or the Bond Administrator) shall promptly notify the Indenture Trustee and the Bond Administrator of its action or failure so to act. The Issuer shall will cause each Paying Agent (other than the Bond Administrator and the Indenture Trustee Trustee) to execute and deliver to the Indenture Trustee an instrument in which such Paying Agent shall agree with the Indenture Trustee Bond Administrator (and if the Indenture Trustee or the Bond Administrator acts as Paying Agent, it hereby so agrees), subject to the provisions of this Section, that such Paying Agent will:
Appears in 1 contract
Samples: Indenture (SSB Vehicle Securities Inc SSB Auto Loan Trust 2002-1)
Money for Payments To Be Held in Trust. As provided in Section 8.2(a8.02(a) and (b), all payments of amounts due and payable with respect to any Notes that are to be made from amounts distributed withdrawn from the Collection Account or any other Trust and the Note Distribution Account pursuant to Section 8.2(c8.02(c) shall be made on behalf of the Issuer by the Indenture Trustee or by another Paying Agent, and no amounts so distributed withdrawn from the Collection Account and the Note Distribution Account for payments of Notes shall be paid over to the Issuer except as provided in this Section. On or before the Business Day next preceding each Distribution Payment Date and Redemption Date, the Issuer shall distribute allocate or cause to be distributed allocated in the Note Distribution Account for distribution to the Indenture Trustee (or any other Paying Agent) Noteholders an aggregate sum sufficient to pay the amounts then becoming due under the Notes, such sum to be held in trust for the benefit of the Persons entitled thereto thereto, and (unless the Paying Agent is the Indenture Trustee) shall promptly notify the Indenture Trustee of its action or failure so to act. The Issuer shall will cause each Paying Agent other than the Indenture Trustee to execute and deliver to the Indenture Trustee an instrument in which such Paying Agent shall agree with the Indenture Trustee (and if the Indenture Trustee acts as Paying Agent, it hereby so agrees), subject to the provisions of this Section, that such Paying Agent will:
Appears in 1 contract
Money for Payments To Be Held in Trust. As provided in Section 8.2(a) and (b), all payments of amounts due and payable with respect to any Notes that are to be made from amounts distributed withdrawn from the Collection Account or any other Trust Account pursuant to Section 8.2(c8.2(b) shall be made on behalf of the Issuer by the Indenture Trustee or by another Paying Agent, and no amounts so distributed withdrawn from the Collection Account for payments of Notes shall be paid over to the Issuer Issuer, except as provided in this SectionSection 4.5 of the Pooling and Servicing Agreement. On or before each Payment Date (including the Business Day next preceding each Distribution Date Final Scheduled Payment Date) and Redemption Date, the Issuer shall distribute deposit or cause to be distributed to deposited in the Indenture Trustee (or any other Paying Agent) Collection Account an aggregate sum sufficient to pay the amounts then becoming due under the NotesNotes as and to the extent provided in Section 4.5 of the Pooling and Servicing Agreement, such sum to be held in trust for the benefit of the Persons entitled thereto and (unless the Paying Agent is the Indenture Trustee) shall promptly notify the Indenture Trustee of its action or failure so to act. The Issuer shall cause each Paying Agent (other than the Indenture Trustee Trustee) to execute and deliver to the Indenture Trustee and the Note Insurer an instrument in which such Paying Agent shall agree with the Indenture Trustee (and if the Indenture Trustee acts as Paying Agent, it hereby so agrees), subject to the provisions of this SectionSection 3.3, that such Paying Agent willshall:
Appears in 1 contract
Money for Payments To Be Held in Trust. As provided in Section 8.2(a) and (b), all payments of amounts due and payable with respect to any Notes that are to be made from amounts distributed from the Collection Account, or deposited into the Collection Account from the Add-On Consolidation Loan Account, the Capitalized Interest Account or any other Trust Account the Reserve Account, pursuant to Section 8.2(c) Sections 2.7, 2.8 and 2.9 of the Administration Agreement shall be made on behalf of the Issuer by the Indenture Trustee or by another the Paying Agent, and no amounts so distributed from the Collection Account for payments of Notes to Noteholders shall be paid over to the Issuer except as provided in this Section. On or before the Business Day next preceding each Distribution Date and Redemption Date, the Issuer shall distribute or cause to be distributed to the Indenture Trustee (or any other the Paying Agent) Agent an aggregate sum sufficient to pay the amounts then becoming due under the Notes, such sum to be held in trust for the benefit of the Persons entitled thereto and (unless the Paying Agent is the Indenture Trustee) shall promptly notify the Indenture Trustee of its action or failure so to act. The Issuer shall cause each the Paying Agent (other than the Indenture Trustee Wachovia Bank acting as Paying Agent) to execute and deliver to the Indenture Trustee an instrument in which such the Paying Agent shall agree with the Indenture Trustee (and if the Indenture Trustee acts as Paying Agent, it hereby so agrees)Trustee, subject to the provisions of this Section, that such the Paying Agent will:
Appears in 1 contract
Money for Payments To Be Held in Trust. As provided in Section 8.2(a) and (b), all payments of amounts due and payable with respect to any Notes that are to be made from amounts distributed from the Collection Account or any other Trust Account pursuant to Section 8.2(c) 2.7, or deposited into the Collection Account from the Capitalized Interest Account, the Supplemental Purchase Account, the Pre-Funding Account, the Borrower Benefit Account, the Floor Income Rebate Account or the Reserve Account, pursuant to Sections 2.7 and 2.8 of the Administration Agreement shall be made on behalf of the Issuer by the Indenture Trustee or by another Paying Agent, and no amounts so distributed from the Collection Account or any other Trust Account for payments of Notes to Noteholders shall be paid over to the Issuer except as provided in this Section. On or before the Business Day next preceding each Quarterly Distribution Date and Redemption Date, the Issuer shall distribute or cause to be distributed to the Indenture Trustee (or any other Paying Agent) an aggregate sum sufficient to pay the amounts then becoming due under the Notes, such sum to be held in trust for the benefit of the Persons entitled thereto and (unless the Paying Agent is the Indenture Trustee) shall promptly notify the Indenture Trustee of its action or failure so to act. The Issuer shall cause each Paying Agent other than the Indenture Trustee to execute and deliver to the Indenture Trustee an instrument in which such Paying Agent shall agree with the Indenture Trustee (and if the Indenture Trustee acts as Paying Agent, it hereby so agrees), subject to the provisions of this Section, that such Paying Agent will:
Appears in 1 contract
Money for Payments To Be Held in Trust. As provided in Section 8.2(a8.02(a) and (b), all payments of amounts due and payable with respect to any Notes that are to be made from amounts distributed from the Collection Account or any other Trust Reserve Account pursuant to Section 8.2(c8.02(c) shall be made on behalf of the Issuer by the Indenture Trustee or by another Paying Agent, and no amounts so distributed from the Collection Account for payments of Notes shall be paid over to the Issuer except as provided in this Section. On or before the Business Day next preceding each Distribution Date and Redemption Date, the Issuer shall distribute or cause to be distributed to the Indenture Trustee (or any other Paying Agent) an aggregate sum sufficient to pay the amounts then becoming due under the NotesNotes and/or Certificates, such sum to be held in trust for the benefit of the Persons entitled thereto and (unless the Paying Agent is the Indenture Trustee) shall promptly notify the Indenture Trustee of its action or failure so to act. The Issuer shall will cause each Paying Agent other than the Indenture Trustee to execute and deliver to the Indenture Trustee an instrument in which such Paying Agent shall agree with the Indenture Trustee (and if the Indenture Trustee acts as Paying Agent, it Agent hereby so agrees), subject to the provisions of this Section, that such Paying Agent will:
Appears in 1 contract
Money for Payments To Be Held in Trust. As provided in Section 8.2(a) and (b), all payments of amounts due and payable with respect to any Notes that are to be made from amounts distributed from the Collection Account or any other Trust Account pursuant to Section 8.2(c) 2.7, or deposited into the Collection Account from the Capitalized Interest Account, the Supplemental Purchase Account, the Borrower Benefit Account, the Add-On Consolidation Loan Account, the Floor Income Rebate Account or the Reserve Account, pursuant to Sections 2.7, and 2.8 of the Administration Agreement shall be made on behalf of the Issuer by the Indenture Trustee or by another Paying Agent, and no amounts so distributed from the Collection Account or any other Trust Account for payments of Notes to Noteholders shall be paid over to the Issuer except as provided in this Section. On or before the Business Day next preceding each Distribution Date and Redemption Date, the Issuer shall distribute or cause to be distributed to the Indenture Trustee (or any other Paying Agent) an aggregate sum sufficient to pay the amounts then becoming due under the Notes, such sum to be held in trust for the benefit of the Persons entitled thereto and (unless the Paying Agent is the Indenture Trustee) shall promptly notify the Indenture Trustee of its action or failure so to act. The Issuer shall cause each Paying Agent other than the Indenture Trustee to execute and deliver to the Indenture Trustee an instrument in which such Paying Agent shall agree with the Indenture Trustee (and if the Indenture Trustee acts as Paying Agent, it hereby so agrees), subject to the provisions of this Section, that such Paying Agent will:
Appears in 1 contract
Money for Payments To Be Held in Trust. As provided in Section 8.2(a) and (b), all All payments of amounts due and payable with respect to any Notes that are to be made from amounts distributed withdrawn from the Collection Account, the Note Distribution Account or any other Trust and the Reserve Account pursuant to Section 8.2(c) shall be made on behalf of the Issuer by the Indenture Trustee or by another Paying Agent, and no amounts so distributed withdrawn from the Collection Account, the Note Distribution Account or the Reserve Account for payments of Notes shall be paid over to the Issuer except as provided in this Section. On or before the Business Day next preceding each Distribution Date and Redemption Date, the Issuer shall distribute deposit or cause to be distributed to deposited in the Indenture Trustee (or any other Paying Agent) Note Distribution Account an aggregate sum sufficient to pay the amounts then becoming due under the Notes, such sum to be held in trust for the benefit of the Persons entitled thereto thereto, and (unless the Paying Agent is the Indenture Trustee) shall promptly notify the Indenture Trustee of its action or failure so to act. The Issuer shall will cause each Paying Agent other than the Indenture Trustee to execute and deliver to the Indenture Trustee an instrument in which such Paying Agent shall agree with the Indenture Trustee (and if the Indenture Trustee acts as Paying Agent, it hereby so agrees), subject to the provisions of this Section, that such Paying Agent will:
Appears in 1 contract
Samples: Indenture (SSB Vehicle Securities Inc BMW Vehicle Owner Trust 1999-A)
Money for Payments To Be Held in Trust. As provided in Section 8.2(a) and (b), all All payments of amounts due and payable with respect to any Notes that are to be made from amounts distributed from the Collection Account or any other Trust Account pursuant to Section 8.2(c) shall be made on behalf of the Issuer by the Indenture Trustee or by another Paying Agent, and no amounts so distributed from the Collection Account for payments of Notes shall be paid over to the Issuer except as provided in this Section. On or before the Business Day next preceding each Distribution Date and Redemption Primary Payment Date, the Issuer shall distribute or cause to be distributed to the Indenture Trustee (or any other Paying Agent) an aggregate sum sufficient to pay the amounts then becoming due under the Notes (or in the case of the Class A-2 Notes, becoming due on the related Secondary Payment Date), such sum to be held in trust for the benefit of the Persons entitled thereto and (unless the Paying Agent is the Indenture Trustee) shall promptly notify the Indenture Trustee and the Insurer of its action or failure so to act. The Issuer shall will cause each Paying Agent other than the Indenture Trustee to execute and deliver to the Indenture Trustee and the Insurer an instrument in which such Paying Agent shall agree with the Indenture Trustee (and if the Indenture Trustee acts as Paying Agent, it hereby so agrees), subject to the provisions of this Section, that such Paying Agent will:
Appears in 1 contract
Samples: Uici
Money for Payments To Be Held in Trust. As provided in Section 8.2(aSections 8.4(b), 8.4(c) and (b5.6(b), all payments of amounts due and payable with respect to any Senior Notes that are to be made from amounts distributed withdrawn from the Collection Series 2000-1 Payment Account or any other Trust Account pursuant to Section 8.2(c) shall be made on behalf of the Issuer Lease Trust by the Indenture Trustee or by another Paying Agent, and no amounts so distributed from the Collection Account withdrawn therefrom for payments of Senior Notes shall be paid over to the Issuer Lease Trust except as provided in this SectionSection 3.3. On or before the Business Day next preceding each Distribution Payment Date and Redemption Date, the Issuer shall distribute Lease Trustee shall, on behalf of the Lease Trust, deposit or cause to be distributed to deposited in the Indenture Trustee (or any other Paying Agent) Series 2000-1 Payment Account an aggregate sum sufficient to pay the amounts then becoming due under the Senior Notes, such sum to be held in trust for the benefit of the Persons entitled thereto and (unless the Paying Agent is the Indenture Trustee) shall promptly notify the Indenture Trustee of its action or failure so to act. The Issuer shall Lease Trustee will cause each Paying Agent other than the Indenture Trustee to execute and deliver to the Indenture Trustee an instrument in 27 which such Paying Agent shall agree with the Indenture Trustee (and if the Indenture Trustee acts as Paying Agent, it hereby so agreesagrees to the extent relevant), subject to the provisions of this SectionSection 3.3, that such Paying Agent will:
Appears in 1 contract
Samples: Indenture (Fcal LLC)
