Trust Accounts Distributions Statements to Certificateholders and Noteholders Sample Clauses

Trust Accounts Distributions Statements to Certificateholders and Noteholders. 16 Section 5.01 Establishment of Trust Accounts 16 Section 5.02 Collections 20 Section 5.03 Application of Collections 20
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Trust Accounts Distributions Statements to Certificateholders and Noteholders. Establishment of Trust Accounts(a) . (a) (i) The Master Servicer, on behalf of the Series Secured Parties with respect to each Series the holders of the Series Trust Certificates of each Series and the holders of the Owner Trust Certificates, shall establish and maintain in the name of the Trustee, a trust account which is an Eligible Deposit Account (the "Master Collection Account"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Series Secured Parties with respect to the Household Automotive Revolving Trusts the holders of the Series Trust Certificates of each Series and the holders of the Owner Trust Certificates. The Master Collection Account shall initially be established with the Trustee. The Trustee shall possess all right, title and interest in all funds on deposit from time to time in, and shall have sole dominion and control with respect to, the Master Collection Account and in all proceeds thereof for the benefit of the Series Secured Parties, the holders of the Series Trust Certificates of each Series, the holders of the Owner Trust Certificates, and, if a Trust Collateral Agent shall have been appointed with respect to any Series, the Trust Collateral Agent. Except as expressly provided in this Agreement, the Master Servicer agrees that it shall have no right of setoff or banker's lien against, and no right to otherwise deduct from, any funds held in the Master Collection Account for any amount owed to it by the Trust Collateral Agent, the Trust, or any Series Secured Party.
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Trust Accounts Distributions Statements to Certificateholders and Noteholders. SECTION 5.1.
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Trust Accounts Distributions Statements to Certificateholders and Noteholders. SECTION 5.01 Lock-Box Account.
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Trust Accounts Distributions Statements to Certificateholders and Noteholders. SECTION 5.1. Establishment of Trust Accounts. (a) (i) Name: Sxxxxx X. Xxxxx Title: Vice President and Assistant Treasurer The Administrator shall establish and maintain the Trust Accounts required to be established and maintained pursuant to the Series Supplement, and such Trust Accounts shall be subject to the sole dominion and control of the Administrator on behalf of the Indenture Trustee for the benefit of the Noteholders.
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Trust Accounts Distributions Statements to Certificateholders and Noteholders 
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Related to Trust Accounts Distributions Statements to Certificateholders and Noteholders

  • Statements to Certificateholders and Noteholders (a) On each Determination Date the Servicer shall provide to the Indenture Trustee (with a copy to the Rating Agencies), for the Indenture Trustee to make available to each Noteholder of record, and, if NH Credit or an Affiliate is not the Servicer or the Depositor is not the sole Certificateholder, to the Indenture Trustee (if the Indenture Trustee is responsible on the related Payment Date to make the payment required under Section 5.2(a) of the Trust Agreement) or the Trustee (if the Trustee is responsible on the related Payment Date to make the payment required under Section 5.2(a) of the Trust Agreement), for the Indenture Trustee or Trustee, as applicable, to forward to each Certificateholder of record, a statement substantially in the form of Exhibit C, setting forth at least the following information as to each Class of the Notes and the Certificates to the extent applicable:

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