Common use of Designated Accounts Clause in Contracts

Designated Accounts. The Collection Account, the Note Distribution Account and the Reserve Account, collectively. Determination Date: The tenth day of each calendar month, or if such tenth day is not a Business Day, the next succeeding Business Day. Discount Rate: 0.00% per annum.

Appears in 27 contracts

Samples: Servicing Agreement (Ally Auto Receivables Trust 2024-1), Servicing Agreement (Ally Auto Receivables Trust 2024-1), Servicing Agreement

AutoNDA by SimpleDocs

Designated Accounts. The Collection Account, the Note Distribution Account and the Reserve Account, collectively. Determination Date: The tenth day of each calendar month, or if such tenth day is not a Business Day, the next succeeding Business Day. Discount Rate: 0.003.50% per annum.

Appears in 10 contracts

Samples: Servicing Agreement (Ally Auto Receivables Trust 2014-1), Servicing Agreement (Ally Auto Receivables Trust 2014-1), Servicing Agreement (Ally Auto Receivables Trust 2013-1)

Designated Accounts. The Collection Account, the Note Distribution Account and the Reserve Account, collectively. Determination Date: The tenth day of each calendar month, or if such tenth day is not a Business Day, the next succeeding Business Day. Discount Rate: 0.003.00% per annum.

Appears in 8 contracts

Samples: Servicing Agreement (Ally Auto Receivables Trust 2016-2), Servicing Agreement (Ally Auto Receivables Trust 2016-2), Servicing Agreement (Ally Auto Receivables Trust 2016-1)

Designated Accounts. The Collection Account, the Note Distribution Account and the Reserve Account, collectively. Determination Date: The tenth day of each calendar month, or if such tenth day is not a Business Day, the next succeeding Business Day. Discount Rate: 0.005.75% per annum.

Appears in 7 contracts

Samples: Servicing Agreement (Ally Auto Receivables Trust 2011-2), Servicing Agreement (Ally Auto Receivables Trust 2011-2), Servicing Agreement (Ally Auto Receivables Trust 2011-1)

Designated Accounts. The Collection Account, the Note Distribution Account and the Reserve Account, collectively. Determination Date: The tenth day of each calendar month, or if such tenth day is not a Business Day, the next succeeding Business Day. Discount Rate: 0.005.00% per annum.

Appears in 6 contracts

Samples: Servicing Agreement (Ally Auto Receivables Trust 2012-2), Servicing Agreement (Ally Auto Receivables Trust 2012-2), Servicing Agreement (Ally Auto Receivables Trust 2012-1)

Designated Accounts. The Collection Account, the Note Distribution Account and the Reserve Account, collectively. Determination Date: The tenth day of each calendar month, or if such tenth day is not a Business Day, the next succeeding Business Day. Discount Rate: 0.005.50% per annum.

Appears in 6 contracts

Samples: Servicing Agreement (Ally Auto Receivables Trust 2011-4), Servicing Agreement (Ally Auto Receivables Trust 2011-4), Servicing Agreement (Ally Auto Receivables Trust 2011-3)

Designated Accounts. The Collection Account, the Note Distribution Account and the Reserve Account, collectively. Determination Date: The tenth day of each calendar month, or if such tenth day is not a Business Day, the next succeeding Business Day. Discount Rate: 0.006.00% per annum.

Appears in 5 contracts

Samples: Sale and Servicing Agreement, Trust Sale and Servicing Agreement (Ally Auto Receivables Trust 2010-3), Trust Sale and Servicing Agreement (Ally Auto Receivables Trust 2010-3)

Designated Accounts. The Collection Account, the Note Distribution Account and the Reserve Account, collectively. Determination Date: The tenth fifteenth day of each calendar month, or if such tenth fifteenth day is not a Business Day, the next succeeding Business Day. Discount Rate: 0.00% per annum%.

Appears in 5 contracts

Samples: Trust Sale and Servicing Agreement, Trust Sale and Servicing Agreement (Capital Auto Receivables Asset Trust 2016-3), Trust Sale and Servicing Agreement (Capital Auto Receivables Asset Trust 2016-3)

Designated Accounts. The Collection Account, the Note Distribution Account and the Reserve Account, collectively. Determination Date: The tenth day of each calendar month, or if such tenth day is not a Business Day, the next succeeding Business Day. Discount Rate: 0.002.25% per annum.

Appears in 4 contracts

Samples: Servicing Agreement (Ally Auto Assets LLC), Servicing Agreement (Ally Auto Receivables Trust 2014-3), Servicing Agreement (Ally Auto Receivables Trust 2014-2)

Designated Accounts. The Collection Account, the Note Distribution Account and the Reserve Account, collectively. Determination Date: The tenth day of each calendar month, or if such tenth day is not a Business Day, the next succeeding Business Day. Discount Rate: 0.008.50% per annum.

Appears in 4 contracts

Samples: Servicing Agreement (Ally Auto Receivables Trust 2022-3), Servicing Agreement (Ally Auto Receivables Trust 2022-3), Trust Sale and Servicing Agreement (Capital Auto Receivables Asset Trust 2008-1)

Designated Accounts. The Collection Account, the Note Distribution Account and the Reserve Account, collectively. Determination Date: The tenth day of each calendar month, or if such tenth day is not a Business Day, the next succeeding Business Day. Discount Rate: 0.009.25% per annum.

Appears in 3 contracts

Samples: Trust Sale and Servicing Agreement (Capital Auto Receivables Asset Trust 2007-3), Trust Sale and Servicing Agreement (Capital Auto Receivables LLC), Trust Sale and Servicing Agreement (Capital Auto Receivables Asset Trust 2007-1)

Designated Accounts. The Collection Account, the Note Distribution Account and the Reserve Account, collectively. Determination Date: The tenth day of each calendar month, or if such tenth day is not a Business Day, the next succeeding Business Day. App. A-9 Discount Rate: 0.007.55% per annum.

Appears in 2 contracts

Samples: Servicing Agreement (Ally Auto Receivables Trust 2023-1), Servicing Agreement (Ally Auto Receivables Trust 2023-1)

Designated Accounts. The Collection Account, the Note Distribution Account and the Reserve Account, collectively. Determination Date: The tenth day of each calendar month, or if such tenth day is not a Business Day, the next succeeding Business Day. App. A-8 Discount Rate: 0.005.00% per annum.

Appears in 2 contracts

Samples: Servicing Agreement (Ally Auto Assets LLC), Servicing Agreement (Ally Auto Receivables Trust 2013-2)

AutoNDA by SimpleDocs

Designated Accounts. The Collection Account, [the Accumulation Account,] [the Pre-Funding Account,] the Note Distribution Account, the Reserve Account [and the Class N Reserve Account], collectively. Determination Date: The tenth day of each calendar month, or if such tenth day is not a Business Day, the next succeeding Business Day. Discount Rate: 0.00% per annum.

Appears in 2 contracts

Samples: Receivables Purchase Agreement (Carvana Receivables Depositor LLC), Receivables Purchase Agreement (Carvana Receivables Depositor LLC)

Designated Accounts. The Collection Account, the Note Distribution Account and the Reserve Account, collectively. Determination Date: The tenth day of each calendar month, or if such tenth day is not a Business Day, the next succeeding Business Day. Discount Rate: 0.002.00% per annum.

Appears in 2 contracts

Samples: Servicing Agreement (Ally Auto Receivables Trust 2016-3), Servicing Agreement (Ally Auto Receivables Trust 2016-3)

Designated Accounts. The Collection Account, the Note Distribution Account and the Reserve Account, collectively. Determination Date: The tenth day of each calendar month, or if such tenth day is not a Business Day, the next succeeding Business Day. Discount Rate: 0.008.00% per annum.

Appears in 2 contracts

Samples: Servicing Agreement (Ally Auto Receivables Trust 2022-2), Servicing Agreement (Ally Auto Receivables Trust 2022-2)

Designated Accounts. The [Accumulation Account,] Collection Account, the Note Distribution Account and the Reserve Account, collectively. Determination Date: The tenth day of each calendar month, or if such tenth day is not a Business Day, the next succeeding Business Day. Discount Rate: 0.00[___]% per annum.

Appears in 1 contract

Samples: Trust Sale and Servicing Agreement (Capital Auto Receivables LLC)

Designated Accounts. The Collection Account, the Note Distribution Account and the Reserve Account, collectively. Determination Date: The tenth day of each calendar month, or if such tenth day is not a Business Day, the next succeeding Business Day. Discount Rate: 0.009.30% per annum.

Appears in 1 contract

Samples: Trust Sale and Servicing Agreement (Capital Auto Receivables Asset Trust 2007-2)

Designated Accounts. The Collection Account, the Note Distribution Account and the Reserve Account, collectively. Determination Date: The tenth day of each calendar month, or if such tenth day is not a Business Day, the next succeeding Business Day. Discount Rate: 0.009.35% per annum.

Appears in 1 contract

Samples: Trust Sale and Servicing Agreement (Capital Auto Receivables LLC)

Designated Accounts. The [Accumulation Account, the] Collection Account, the Note Distribution Account and the Reserve Account, collectively. Determination Date: The tenth day of each calendar month, or if such tenth day is not a Business Day, the next succeeding Business Day. Discount Rate: 0.00[ ]% per annum.

Appears in 1 contract

Samples: Trust Sale and Servicing Agreement (Capital Auto Receivables LLC)

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