Trust Accounts Controlling Party Sample Clauses
The 'Trust Accounts; Controlling Party' clause defines the establishment and management of trust accounts, specifying which party has authority over the account's administration. Typically, this clause outlines who is responsible for opening, maintaining, and controlling the trust account, as well as the procedures for depositing and disbursing funds held in trust. Its core function is to ensure clear responsibility and oversight for funds held on behalf of parties, thereby reducing the risk of mismanagement or disputes regarding control and access to the trust account.
Trust Accounts Controlling Party. Agreement to Terms of Subordination; Payments from Monies Received Only........................................................... 28 Section 2.02
Trust Accounts Controlling Party. Section 2.1. Agreement to Terms of Subordination; Payments from Monies Received Only
Trust Accounts Controlling Party. Agreement to Terms of Subordination; Payments from Monies Received Only.............................................25 SECTION 2.2 Trust Accounts...............................................25 SECTION 2.3 Deposits to the Collection Account and Special Payments Account...................................................26 SECTION 2.4
Trust Accounts Controlling Party. Agreement to Terms of Subordination; Payments from Monies Received Only 26 Section 2.02 Trust Accounts 27 Section 2.03 Deposits to the Collection Account and Special Payments Account 28 Section 2.04 Distributions of Special Payments 28 Section 2.05 Designated Representatives 30 Section 2.06 Controlling Party 31 Section 3.01 Written Notice of Distribution 33 Section 3.02 Distribution of Amounts on Deposit in the Collection Account 34 Section 3.03 Other Payments 37 Section 3.04 Payments to the Trustees and the Liquidity Providers 38 Section 3.05 Liquidity Facilities 38
Trust Accounts Controlling Party. Agreement to Terms of Subordination; Payments from Monies Received Only . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24 Section 2.2 Trust Accounts. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 Section 2.3 Deposits to the Collection Account and Special Payments Account . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26 Section 2.4
Trust Accounts Controlling Party. Agreement to Terms of Subordination; Payments from Monies Received Only . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 SECTION 2.2. Trust Accounts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 SECTION 2.3. Deposits to the Collection Account and Special Payments Account . . . . . . . . . . . . . . . . . . 27 SECTION 2.4. Distributions of Special Payments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27 SECTION 2.5. Designated Representatives . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 SECTION 2.6. Controlling Party . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31 ARTICLE III RECEIPT, DISTRIBUTION AND APPLICATION OF AMOUNTS RECEIVED
Trust Accounts Controlling Party. SECTION 2.1. Agreement to Terms of Subordination; Payments from Monies Received Only 23 SECTION 2.2. Trust Accounts 23 SECTION 2.3. Deposits to the Collection Account and Special Payments Account 25 SECTION 2.4. Distributions of Special Payments 25 SECTION 2.5. Designated Representatives 28 SECTION 2.6. Controlling Party 29 ARTICLE III RECEIPT, DISTRIBUTION AND APPLICATION OF AMOUNTS RECEIVED SECTION 3.1. Written Notice of Distribution 30 SECTION 3.2. Distribution of Amounts on Deposit in the Collection Account 32 SECTION 3.3. Distribution of Amounts on Deposit Following a Triggering Event 34 SECTION 3.4. Other Payments 36 SECTION 3.5. Payments to the Trustees and the Liquidity Providers 37 SECTION 3.6. Liquidity Facilities 37
Trust Accounts Controlling Party