Common use of Subsequent Receipts Clause in Contracts

Subsequent Receipts. In the event that Bank One shall receive, subsequent to any such assignment, any amounts whatsoever in respect to the EDUCATION ONE Loans so assigned in the nature of those described in Section 3.04 above, such amounts shall be held by Bank One in trust for FMC or the Purchaser Trust to which it has sold the Notes, and the Bank One shall promptly deliver such amounts to the trustee under the Trust Indenture.

Appears in 9 contracts

Samples: Note Purchase Agreement, Note Purchase Agreement, Note Purchase Agreement

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