Common use of Strict Compliance Clause in Contracts

Strict Compliance. Funds or credit balances held by Securities Intermediary in the Reserve Account shall not be (i) invested or reinvested, (ii) sold or redeemed, or (iii) transferred from the Reserve Account, in either case except as provided in this Section 4.

Appears in 117 contracts

Sources: Securities Account Control Agreement (Toyota Auto Receivables 2026-B Owner Trust), Securities Account Control Agreement (Toyota Auto Receivables 2026-B Owner Trust), Securities Account Control Agreement (Toyota Auto Receivables 2026-a Owner Trust)