Common use of Trust Accounts; Payments Clause in Contracts

Trust Accounts; Payments. (a) On or prior to the Closing Date, the Issuer shall cause the Master Servicer to establish and maintain, in the name of the Indenture Trustee for the benefit of the Noteholders [and the Securities Insurer], or on behalf of the Owner Trustee for the benefit of the Securityholders, the Collection Account as provided in Article V of the Sale and Servicing Agreement. The Indenture Trustee shall establish and maintain, in the name of the Indenture Trustee on behalf of the holders of the Notes, the Note Payment Account as provided in Article V of the Sale and Servicing Agreement. The Indenture Trustee shall establish and maintain, in the name of the Indenture Trustee on behalf of the holders of the Notes, the Policy Payments Account as provided in Article V of the Sale and Servicing Agreement. The Indenture Trustee shall also establish and maintain an account (the "Certificate Distribution Account") in the name of the Owner Trustee on behalf of the holders of the Residual Interest Certificates. The Indenture Trustee shall deposit amounts into each of the accounts in accordance with the terms hereof, the Sale and Servicing Agreement and the Servicer's Monthly Remittance Report.

Trust Accounts; Payments. (a) On or prior to the Closing Date, the Issuer Issuing Entity shall cause the Master Servicer to establish and maintain, in the name of the Indenture Trustee for the benefit of the Noteholders [and the Securities Insurer], or on behalf of the Owner Trustee for the benefit of the Securityholders, the Collection Account as provided in Article V of the Sale and Servicing Agreement. The Indenture Trustee shall establish and maintain, in the name of the Indenture Trustee on behalf of the holders of the Notes, the Note Payment Account as provided in Article V of the Sale and Servicing Agreement. The Indenture Trustee shall establish and maintain, in the name of the Indenture Trustee on behalf of the holders of the Notes, the Policy Payments Account as provided in Article V of the Sale and Servicing Agreement. The Indenture Trustee shall also establish and maintain an account (the "“Certificate Distribution Account"”) in the name of the Owner Trustee on behalf of the holders of the Residual Interest Certificates. The Indenture Trustee shall deposit amounts into each of the accounts in accordance with the terms hereof, the Sale and Servicing Agreement and the Servicer's ’s Monthly Remittance Report.

Trust Accounts; Payments. (a) On or prior to the Closing Date, the Issuer shall cause the Master Servicer to establish and maintain, in the name of the Indenture Trustee for the benefit of the Noteholders [and the Securities Insurer], or on behalf of the Owner Trustee for the benefit of the Securityholders, the Collection Account as provided in Article ARTICLE V of the Sale and Servicing Agreement. The Indenture Trustee shall establish and maintain, in the name of the Indenture Trustee on behalf of the holders of the Notes, the Note Payment Account as provided in Article ARTICLE V of the Sale and Servicing Agreement. The Indenture Trustee shall establish and maintain, in the name of the Indenture Trustee on behalf of the holders of the Notes, the Policy Payments Account as provided in Article ARTICLE V of the Sale and Servicing Agreement. The Indenture Trustee shall also establish and maintain an account (the "Certificate Distribution AccountCERTIFICATE DISTRIBUTION ACCOUNT") in the name of the Owner Trustee on behalf of the holders of the Residual Interest Certificates. The Indenture Trustee shall deposit amounts into each of the accounts in accordance with the terms hereof, the Sale and Servicing Agreement and the Servicer's Monthly Remittance Report.

Trust Accounts; Payments. (a) On or prior to the Closing Date, the Issuer shall cause the Master Servicer to establish and maintain, in the name of the Indenture Trustee for the benefit of the Noteholders [and the Securities Insurer], or on behalf of the Owner Trustee for the benefit of the Securityholders, the Collection Account as provided in Article V of the Sale and Servicing Agreement. The Indenture Trustee shall establish and maintain, in the name of the Indenture Trustee on behalf of the holders of the Notes, the Note Payment Account as provided in Article V of the Sale and Servicing Agreement. The Indenture Trustee shall establish and maintain, in the name of the Indenture Trustee on behalf of the holders of the Notes, the Policy Payments Account as provided in Article V of the Sale and Servicing Agreement. The Indenture Trustee shall also establish and maintain an account (the "Certificate Distribution Account") in the name of the Owner Trustee on behalf of the holders of the Residual Interest Certificates. The Indenture Trustee shall deposit amounts into each of the accounts in accordance with the terms hereof, the Sale and Servicing Agreement and the Servicer's Monthly Remittance Report.

Trust Accounts; Payments. (a) On or prior to the Closing Date, the Issuer shall cause the Master Servicer to establish and maintain, in the name of the Indenture Trustee for the benefit of the Noteholders [and the Securities Insurer], or on behalf of the Owner Trustee for the benefit of the Securityholders, the Collection Account as provided in Article V of the Sale and Servicing Agreement. The Indenture Trustee shall establish and maintain, in the name of the Indenture Trustee on behalf of the holders of the NotesNoteholders, the Note Payment Account as provided in Article V of the Sale and Servicing Agreement. The Indenture Trustee shall establish and maintain, in the name of the Indenture Trustee on behalf of the holders of the NotesNoteholders, the Policy Payments Account as provided in Article V of the Sale and Servicing Agreement. The Indenture Trustee shall also establish and maintain an account (the "Certificate Distribution Account") in the name of the Owner Trustee on behalf of the holders of the Residual Interest Certificates. The Indenture Trustee shall deposit amounts into each of the accounts in accordance with the terms hereof, the Sale and Servicing Agreement and the Servicer's Monthly Remittance Report.

Trust Accounts; Payments. (a) On or prior to the Closing Date, the Issuer shall cause the Master Servicer to establish and maintain, in the name of the Indenture Trustee for the benefit of the Noteholders [and the Securities Insurer], or on behalf of the Owner Trustee for the benefit of the Securityholders, the Collection Account as provided in Article V of the Sale and Servicing Agreement. The Indenture Trustee shall establish and maintain, in the name of the Indenture Trustee on behalf of the holders of the NotesNoteholders, the Note Payment Account as provided in Article V of the Sale and Servicing Agreement. The Indenture Trustee shall establish and maintain, in the name of the Indenture Trustee on behalf of the holders of the NotesNoteholders, the Policy Payments Account as provided in Article V of the Sale and Servicing Agreement. The Indenture Trustee shall also establish and maintain an account (the "“Certificate Distribution Account"”) in the name of the Owner Trustee on behalf of the holders of the Residual Interest Certificates. The Indenture Trustee shall deposit amounts into each of the accounts in accordance with the terms hereof, the Sale and Servicing Agreement and the Servicer's ’s Monthly Remittance Report.