Common use of Money for Payments to Noteholders to be Held in Trust Clause in Contracts

Money for Payments to Noteholders to be Held in Trust. (a) All payments of amounts due and payable with respect to any Notes that are to be made from amounts withdrawn from the Collection Account pursuant to Section 3.03(b) or Section 6.06 or from amounts withdrawn from the Residual Account pursuant to Section 3.04(b) shall be made on behalf of the Issuer by the Trustee, and no amounts so withdrawn from the Collection Account or the Residual Account for payments of Notes shall be paid over to the Issuer under any circumstances except as provided in this Section 8.03 or in Section 3.03(b), Section 3.04(b) or Section 6.06.

Appears in 3 contracts

Samples: Indenture (Copelco Capital Funding LLC 2000-A), Copelco Capital Funding LLC 99-1, Copelco Capital Funding LLC 99-B

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Money for Payments to Noteholders to be Held in Trust. (a) All payments of amounts due and payable with respect to any Notes that are to be made from amounts withdrawn from the Collection Account, the Reserve Account, the Pre-Funding Account pursuant to Section 3.03(b) or Section 6.06 or from amounts withdrawn from the Residual Capitalized Interest Account pursuant to Section 3.04(b) or Section 6.06 shall be made on behalf of the Issuer by the Indenture Trustee, and no amounts so withdrawn from the Collection Account, the Reserve Account, the Pre-Funding Account or the Residual Capitalized Interest Account for payments of Notes shall be paid over to the Issuer under any circumstances except as provided in this Section 8.03 or in Section 3.03(b)Sections 3.04, Section 3.04(b) 3.05, 3.06, 3.07 or Section 6.06.

Appears in 2 contracts

Samples: Indenture (Acc Consumer Finance Corp), Chevy Chase Bank FSB

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Money for Payments to Noteholders to be Held in Trust. (a) All payments of amounts due and payable with respect to any Notes that are to be made from amounts withdrawn from the Collection Account pursuant to Section 3.03(b) or Section 6.06 or from amounts withdrawn from the Residual Account pursuant to Section 3.04(b) shall be made on behalf of the Issuer Trust by the Trustee, and no amounts so withdrawn from the Collection Account or the Residual Account for payments of Notes shall be paid over to the Issuer Trust under any circumstances except as provided in this Section 8.03 or in Section 3.03(b), Section 3.04(b) or Section 6.06.

Appears in 1 contract

Samples: Indenture (Copelco Capital Funding Corp Xi)

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