BACKGROUND. The Grantor is engaging in a securitization transaction in which it will issue the Notes under an Indenture and the Secured Party will hold funds in bank accounts for the benefit of the Noteholders. The parties are entering into this Agreement to perfect the security interest in the bank accounts. The parties agree as follows:
Appears in 84 contracts
Samples: Account Control Agreement (Ford Credit Auto Owner Trust 2024-A), Account Control Agreement (Ford Credit Auto Lease Trust 2024-A), Account Control Agreement (Ford Credit Auto Lease Trust 2024-A)
BACKGROUND. The Grantor is engaging in a securitization transaction in which it will issue the Notes under an the Indenture (as defined below), and the Secured Party will hold funds in bank accounts for the benefit of the Noteholders. The parties are entering into this Agreement to perfect the security interest in the bank accounts. The parties agree as follows:
Appears in 31 contracts
Samples: Account Control Agreement (Verizon Master Trust), Control Agreement (Verizon Master Trust), Control Agreement (Verizon Master Trust)
BACKGROUND. The Grantor is engaging in a securitization transaction in which it will issue the Notes under an Indenture the Indenture, and the Secured Party will hold funds in bank accounts for the benefit of the Noteholders. The parties are entering into this Agreement to perfect the security interest in the bank accounts. The parties agree as follows:
Appears in 14 contracts
Samples: Account Control Agreement (Verizon Owner Trust 2020-C), Control Agreement (Verizon Owner Trust 2020-C), Account Control Agreement (Verizon Owner Trust 2020-B)
BACKGROUND. The Grantor is engaging in a securitization transaction in which it will issue the Notes under an Indenture Indenture, and the Secured Party will hold funds in bank accounts for the benefit of the Noteholders. The parties are entering into this Agreement to perfect the security interest in the bank accounts. The parties agree as follows:
Appears in 2 contracts
Samples: Control Agreement (Verizon ABS LLC), Control Agreement (Verizon ABS LLC)
