Common use of Yield Supplement Account Clause in Contracts

Yield Supplement Account. (a) The Seller shall establish and maintain in the name of the Collateral Agent an Eligible Deposit Account to secure the Seller's obligations under the Yield Supplement Agreement (the "YIELD SUPPLEMENT ACCOUNT"). The Yield Supplement Account and any amounts therein shall not be property of the Trust, but shall be pledged to the Collateral Agent for the benefit of Certificateholders. The Yield Supplement Account shall initially be maintained at Bankers Trust Company.

Appears in 3 contracts

Samples: Pooling and Servicing Agreement (First Security Bank Na), Pooling and Servicing Agreement (First Security Bank Na), Pooling and Servicing Agreement (First Security Corp /Ut/)

AutoNDA by SimpleDocs

Yield Supplement Account. (a) The Seller shall establish and maintain in the name of the Collateral Agent an Eligible Deposit Account to secure the Seller's obligations under the Yield Supplement Agreement (the "YIELD SUPPLEMENT ACCOUNT"). The Yield Supplement Account and any amounts therein shall not be property of the Trust, but shall be pledged to the Collateral Agent for the benefit of Certificateholders. The Yield Supplement Account shall initially be maintained at Bankers Trust Company.the

Appears in 1 contract

Samples: Pooling and Servicing Agreement (First Security Bank Na)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.