Common use of Reserve Fund Clause in Contracts

Reserve Fund. Pursuant to Section 5.01 of the Trust Agreement, the Transferor shall establish and the Indenture Trustee shall maintain the Reserve Fund (a) with the Indenture Trustee, until the Outstanding Amount is reduced to zero, and (b) thereafter with the Owner Trustee. Deposits and withdrawals from the Reserve Fund shall be made as directed pursuant to the Basic Documents, including Section 8.04(b) of the Indenture. Pursuant to the Indenture, the Reserve Fund shall be under the sole dominion and control of the Indenture Trustee.

Appears in 24 contracts

Samples: Vehicle Lease (BMW Vehicle Lease Trust 2012-1), Financial Services Vehicle Trust, BMW Vehicle Lease Trust 2011-1

AutoNDA by SimpleDocs

Reserve Fund. Pursuant to Section 5.01 of the Trust Agreement, the Transferor shall establish and the Indenture Trustee shall maintain the Reserve Fund (a) with the Indenture Trustee, until the Outstanding Amount is reduced to zero, and (b) thereafter with the Owner Trustee. Deposits and withdrawals from the Reserve Fund shall be made as directed pursuant to the Basic Documents, including Section 8.04(b) of the Indenture. Pursuant to the Indenture, the Reserve Fund shall be under the sole dominion and control Section 10.01 of the Indenture Trusteeand Section 3.3 hereof.

Appears in 3 contracts

Samples: BMW Auto Leasing LLC, BMW Vehicle Lease Trust 2007-1, BMW Vehicle Lease Trust 2000-A

Reserve Fund. Pursuant to Section 5.01 of the Trust Agreement, the Transferor shall establish and the Indenture Trustee shall maintain the Reserve Fund (a) with the Indenture Trustee, until the Outstanding Amount is reduced to zero, and (b) thereafter with the Owner Trustee. Deposits and withdrawals from the Reserve Fund shall be made as directed pursuant to the Basic Documents, including Section 8.04(b) of the Indenture. Pursuant to , Section 10.01of the Indenture, the Reserve Fund shall be under the sole dominion and control Section 11.04 of the Indenture TrusteeAdministration Agreement and Section 13.03 hereof.

Appears in 1 contract

Samples: Ryder Truck Rental I Lp

Reserve Fund. Pursuant to Section 5.01 of the Trust Agreement, the Transferor shall establish and the Indenture Trustee shall maintain the Reserve Fund (a) with the Indenture Trustee, until the Senior Note Outstanding Amount is reduced to zero, and (b) thereafter with the Owner Trustee. Deposits and withdrawals from the Reserve Fund shall be made as directed pursuant to the Basic Documents, including Section 8.04(b) of the Indenture. Pursuant to , Section 10.01 of the Indenture, the Reserve Fund shall be under the sole dominion and control Section 11.04 of the Indenture TrusteeAdministration Agreement and Section 13.03 hereof.

Appears in 1 contract

Samples: Ryder Funding Ii Lp

AutoNDA by SimpleDocs

Reserve Fund. Pursuant to Section 5.01 of the Trust Agreement, the Transferor shall establish and the Indenture Trustee shall maintain the Reserve Fund (a) with the Indenture Trustee, until the Note Outstanding Amount is reduced to zero, and (b) thereafter with the Owner Trustee. Deposits and withdrawals from the Reserve Fund shall be made as directed pursuant to the Basic Documents, including Section 8.04(b) of the Indenture. Pursuant to , Section 10.01 of the Indenture, the Reserve Fund shall be under the sole dominion and control Section 11.04 of the Indenture TrusteeAdministration Agreement and Section 13.03 hereof.

Appears in 1 contract

Samples: Ryder Truck Rental Lt

Time is Money Join Law Insider Premium to draft better contracts faster.