Common use of Transaction Accounts Clause in Contracts

Transaction Accounts. (a) On or prior to the Closing Date, the Securities Intermediary on behalf of the Issuer shall establish and maintain, in the name of the Securities Intermediary, for the benefit of the Securityholders, the Distribution Account, the Reserve Account and the Collection Account and the Issuer shall establish the Lockbox Account as a non-interest bearing, segregated account at the Lockbox Bank and in the name of the Securities Intermediary for the benefit of the Securityholders, in each case, as provided in Sections 7.01, 7.02 and 7.03 of the Sale and Servicing Agreement.

Transaction Accounts. (a) On or prior to the Closing Date, the Securities Intermediary on behalf of the Issuer shall establish and maintain, in the name of the Securities Intermediary, for the benefit of the Securityholders, the Distribution Account, the Reinvestment Account, the Reserve Account and the Collection Account and the Issuer shall establish the Lockbox Account as a non-interest bearing, segregated account at the Lockbox Bank and in the name of the Securities Intermediary for the benefit of the Securityholders, in each case, as provided in Sections 7.01, 7.02 7.02, 7.03 and 7.03 7.04 of the Sale and Servicing Agreement.

Transaction Accounts. (a) On or prior to the Closing Date, the Securities Intermediary on behalf of the Issuer shall establish and maintain, in the name of the Securities IntermediaryTrustee, for the benefit of the SecurityholdersNoteholders, the Distribution Account, the General Reserve Account, the Collection Account and the Collection Principal Reinvestment Account and the Issuer shall establish the Lockbox Account as a non-interest bearing, segregated account at the Lockbox Bank and in the name of the Securities Intermediary Trustee for the benefit of the SecurityholdersNoteholders, in each case, as provided in Sections 7.01, 7.02 and 7.03 of the Sale and Servicing Agreement.

Transaction Accounts. (a) On or prior to the Closing Date, the Securities Intermediary on behalf of the Issuer shall establish and maintain, in the name of the Securities Intermediary, for the benefit of the Securityholders, the Distribution Account, the Reserve Account, the Investment Account and the Collection Account and the Issuer shall establish the Lockbox Account as a non-interest bearing, segregated account at the Lockbox Bank and in the name of the Securities Intermediary for the benefit of the Securityholders, in each case, as provided in Sections 7.01, 7.02 7.02, 7.03 and 7.03 7.04 of the Sale and Servicing Agreement.