Control of Securities Accounts. Notwithstanding anything to the contrary contained herein, the Trust agrees that each of the Collection Account, the Note Payment Account, the Certificate Payment Account and the Reserve Account will only be established at an Eligible Institution that agrees substantially as follows: (i) it will comply with “entitlement orders” (as defined in Section 8-102(a)(8) of the Relevant UCC) relating to such accounts issued by the Indenture Trustee without further consent by the Trust; (ii) until the termination of the Indenture, it will not enter into any other agreement relating to any such account pursuant to which it agrees to comply with entitlement orders of any Person other than the Indenture Trustee; and (iii) all assets delivered or credited to it in connection with such accounts and all investments thereof will be promptly credited to such accounts.
Control of Securities Accounts. Notwithstanding anything else contained herein, the Trust agrees that each of the Collection Account, the Pre-Funding Account, the Note Payment Account, the Reserve Account, the Negative Carry Account and the Yield Supplement Account will only be established at a Qualified Institution or Qualified Trust Institution that agrees substantially as follows: (i) it will comply with "entitlement orders" (as defined in Section 8-102(a)(8) of the Relevant UCC; i.e., orders directing the transfer or redemption of any financial asset) relating to such accounts issued by the Indenture Trustee without further consent by the Seller or the Trust; (ii) until the termination of the Indenture, it will not enter into any other agreement relating to any such account pursuant to which it agrees to comply with entitlement orders of any Person other than the Indenture Trustee; and (iii) all assets delivered or credited to it in connection with such accounts and all investments thereof will be promptly credited to such accounts.
Control of Securities Accounts. Notwithstanding anything else contained herein, the Trust agrees that each of the Collection Account, the Note Payment Account, the Reserve Account and the Yield Supplement Account will only be established at a Qualified Institution or Qualified Trust Institution that agrees substantially as follows: (i) it will comply with "entitlement orders" (as defined in Section 8-102(a)(8) of the UCC; i.e., orders directing the transfer or redemption of any financial asset) relating to such accounts issued by the Indenture Trustee without further consent by the Seller or the Trust; (ii) until the termination of the Indenture, it will not enter into any other agreement relating to any such account pursuant to which it agrees to comply with entitlement orders of any Person other than the Indenture Trustee; and (iii) all assets delivered or credited to it in connection with such accounts and all investments thereof will be promptly credited to such accounts.
Control of Securities Accounts. The Issuer and the Trustee agree that (a) the Trustee is a "securities intermediary" within the meaning of Section 8-102(14) of the UCC with respect to Investment Securities and other "financial assets" within the meaning of Section 8-102(a)(9) of the UCC (the "Financial Assets") from time to time on deposit in any Account or otherwise in the possession of the Trustee under this Indenture; (b) each Account maintained pursuant to this Indenture is and will be maintained as a "securities account" within the meaning of Section 8-501 of the UCC; (c) the Issuer is an "entitlement holder" within the meaning of Section 8-102(a)(7) of the UCC in respect of the Financial Assets credited to any Account created pursuant to this Indenture; (d) all Financial Assets in registered form or payable to or to the order of and credited to any Account shall be registered in the name of, payable to or to the order of, or specially endorsed to, the Trustee or in blank and held by the Trustee; and (e) in no case will any financial asset credited to any securities account be registered in the name of, payable to or to the order of, or specially endorsed to the Issuer except to the extent the foregoing have been specially endorsed to the Trustee or indorsed in blank. If at any time the Trustee, in its capacity as securities intermediary, shall receive an entitlement order (i.e. an order directing transfer or redemption of any financial asset relating to any Account) or any instruction (within the meaning of Section 9-104 of the UCC, i.e., an instruction directing the disposition of funds in any Account) originated by the Trustee for the benefit of the Registered Owners from time to time of the Bonds, the Trustee shall comply with such entitlement order or instruction without further consent by the Issuer or any other person. The Financial Assets in any Account shall not be subject to deduction, set-off, banker's lien or any other right, including such rights which may be held by the Trustee in its capacity as securities intermediary, and the Trustee shall not grant, permit or consent to any other lien, right or interest in the Financial Assets. Except for compensation to be paid to the Trustee pursuant to Section 11.04 of this Indenture, the Trustee subordinates and waives all claims of the Trustee (acting in its capacity as securities intermediary within the meaning of Section 8-102 of the UCC) in any Account created under this Indenture to the prior lien and security interest gra...
Control of Securities Accounts. 62 SECTION 4.11 PRE-FUNDING ACCOUNT............................................62 SECTION 4.12 NEGATIVE CARRY ACCOUNT.........................................63 ARTICLE V YIELD SUPPLEMENT LETTER OF CREDIT AND THE YIELD SUPPLEMENT ACCOUNT 63 SECTION 5.1 YIELD SUPPLEMENT LETTER OF CREDIT AND THE YIELD SUPPLEMENT ACCOUNT.............................................63 ARTICLE VI THE SELLER 66 SECTION 6.1 REPRESENTATIONS, WARRANTIES AND COVENANTS OF SELLER............66 SECTION 6.2 LIABILITY OF SELLER; INDEMNITIES...............................67 SECTION 6.3 MERGER OR CONSOLIDATION OF, OR ASSUMPTION OF THE OBLIGATIONS OF, SELLER.........................................68 SECTION 6.4 LIMITATION ON LIABILITY OF SELLER AND OTHERS...................69 SECTION 6.5 SELLER MAY OWN NOTES OR CERTIFICATES...........................69 ARTICLE VII THE SERVICER 69
Control of Securities Accounts. Notwithstanding anything else contained herein, the Servicer agrees that each of the Certificate Account, the Payahead Account, the Reserve Fund and the Yield Supplement Account will be established only with the Trustee or another institution meeting the requirements of Section 14.01(a), Section 14.07(a)(i) or Section 14.11(a), as applicable, which agrees substantially as follows: (i) it will comply with Entitlement Orders related to such account issued by the Trustee without further consent by the Servicer; (ii) until termination of the Agreement, it will not enter into any other agreement related to such account pursuant to which it agrees to comply with Entitlement Orders of any Person other than the Trustee; and (iii) all assets delivered or credited to it in connection with such account and all investments thereof will be promptly credited to such account. ARTICLE FIFTEEN THE CERTIFICATES
Control of Securities Accounts. 63 ARTICLE V
Control of Securities Accounts. 78 ARTICLE V YIELD SUPPLEMENT LETTER OF CREDIT SECTION 5.1 Yield Supplement Letter of Credit and the Yield Supplement Account . . . . . . . . . . . . . . . . 79
Control of Securities Accounts. 12 2.5. Control of Deposit Account..................................................13 2.6. Issuer's Rights.............................................................14 2.7. Cash Equivalents............................................................14 2.8. Remedies....................................................................14 2.9. Waiver of Set-Off Rights....................................................15 2.10. Cooperation.................................................................15
Control of Securities Accounts. 65 SECTION 4.13 Pre-Funding and Reinvestment Period.......................................66 ARTICLE V
