Common use of Yield Supplement Account Clause in Contracts

Yield Supplement Account. (a) On or prior to the Closing Date, the Issuer, the Yield Supplement Account Securities Intermediary and the Indenture Trustee shall have entered into the Yield Supplement Account Control Agreement pursuant to which the Yield Supplement Account shall be established and maintained for the benefit of the Noteholders and the Certificateholders. Pursuant to Section 2.5 of the Trust Agreement, on the Closing Date, the Owner Trustee shall deposit the Yield Supplement Account Initial Deposit into the Yield Supplement Account. No additional deposits will be made to the Yield Supplement Account after the Closing Date.

Appears in 6 contracts

Samples: Sale and Servicing Agreement (JPMorgan Chase Bank, National Association), Sale and Servicing Agreement (Chase Manhattan Bank Usa Chase Manhattan Auto Owner Tr 03 C), Sale and Servicing Agreement (Chase Manhattan Auto Owner Trust 2002-B)

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