Common use of Operations of the Reserve Account Clause in Contracts

Operations of the Reserve Account. The Reserve Account shall be operated, and all Investments shall be acquired and registered or held (as applicable), in accordance with the terms of this Agreement. No funds shall be withdrawn from or deposited into the Reserve Account, except as provided in the Indenture and the Sale and Servicing Agreement. To the extent that the Indenture and the Sale and Servicing Agreement require payments into the Reserve Account, the provisions set forth herein shall govern.

Appears in 99 contracts

Samples: Securities Account Control Agreement (Toyota Auto Receivables 2024-B Owner Trust), Securities Account Control Agreement (Toyota Auto Receivables 2014-C Owner Trust), Securities Account Control Agreement (Toyota Auto Receivables 2017-a Owner Trust)

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