Common use of Establishment of Trust Account Clause in Contracts

Establishment of Trust Account. The Trustee or the Paying Agent on the Trust’s behalf, for the benefit of the Certificateholders, shall establish and maintain in the name of the Trust an Eligible Deposit Account (the “Certificate Distribution Account”), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Certificateholders. The Trust shall possess all right, title and interest in all funds on deposit from time to time in the Certificate Distribution Account and in all proceeds thereof. Except as otherwise expressly provided herein, the Certificate Distribution Account shall be under the sole dominion and control of the Trustee or the Paying Agent for the benefit of the Certificateholders. If, at any time, the Certificate Distribution Account ceases to be an Eligible Deposit Account, the Trustee or the Paying Agent on the Trust’s behalf (or the Depositor on behalf of the Trustee, if the Certificate Distribution Account is not then held by the initial Paying Agent or the Trustee or an affiliate thereof) shall, within 10 Business Days (or such longer period, not to exceed 30 calendar days, as to which the Rating Agency Condition shall be satisfied), establish a new Certificate Distribution Account as an Eligible Deposit Account and shall transfer any cash and/or any investments to such new Certificate Distribution Account.

Establishment of Trust Account. The Trustee or the Paying Agent on the Trust’s behalf, for the benefit of the Certificateholders, shall establish and maintain in the name of the Trust an Eligible Deposit Account (the “Certificate Distribution Account”), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Certificateholders. The Trust shall possess all right, title and interest in all funds on deposit from time to time in the Certificate Distribution Account and in all proceeds thereof. Except as otherwise expressly provided herein, the Certificate Distribution Account shall be under the sole dominion and control of the Trustee or the Paying Agent for the benefit of the Certificateholders. If, at any time, the Certificate Distribution Account ceases to be an Eligible Deposit Account, the Trustee or the Paying Agent on the Trust’s behalf (or the Depositor on behalf of the Trustee, if the Certificate Distribution Account is not then held by the initial Paying Agent or the Trustee or an affiliate Affiliate thereof) shall, within 10 Business Days (or such longer period, not to exceed 30 calendar days, as to which the Rating Agency Condition shall be satisfied), establish a new Certificate Distribution Account as an Eligible Deposit Account and shall transfer any cash and/or any investments to such new Certificate Distribution Account.

Establishment of Trust Account. The Trustee or the Paying Agent on the Trust’s behalfOwner Trustee, for the benefit of the Certificateholders, shall establish and maintain (or shall cause to be established and maintained) in the name of the Trust Issuer an Eligible Deposit Account (the “"Certificate Distribution Account”"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Certificateholders. The Trust Issuer shall possess all right, title and interest in all funds on deposit from time to time in the Certificate Distribution Account and in all the proceeds thereof. Except as otherwise expressly provided herein, the Certificate Distribution Account shall be under the sole dominion and control of the Owner Trustee or the Paying Agent for the benefit of the Certificateholders. If, at any time, the Certificate Distribution Account ceases to be an Eligible Deposit Account, the Owner Trustee or the Paying Agent on the Trust’s behalf (or the Depositor on behalf of the Owner Trustee, if the Certificate Distribution Account is not then held by the initial Paying Agent or the Owner Trustee or an affiliate Affiliate thereof) shall, shall within 10 ten Business Days (or such longer period, not to exceed 30 calendar days, as to which the each Rating Agency Condition shall be satisfied), may consent) establish a new Certificate Distribution Account as an Eligible Deposit Account and shall transfer any cash and/or any investments to such new Certificate Distribution Account.. Monies on deposit in the Certificate Distribution Account may be invested in Eligible Investments upon the terms set forth in Section 4.01 of the Sale and Servicing Agreement, as if the Certificate Distribution Account were an "Account". Earnings on investments of funds in the Certificate Distribution Account

Establishment of Trust Account. The Trustee or the Paying Agent on the Trust’s behalfOwner Trustee, for the benefit of the CertificateholdersCertificateholder, shall establish and maintain in the name of the Trust an Eligible Deposit Account a segregated corporate trust account with a Qualified Institution, (the “Certificate Distribution Account”"CERTIFICATE DISTRIBUTION ACCOUNT"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the CertificateholdersCertificateholder. The Trust Owner Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Certificate Distribution Account and in all proceeds thereof. Except as otherwise expressly provided herein, the Certificate Distribution Account shall be under the sole dominion and control of the Owner Trustee or the Paying Agent for the benefit of the CertificateholdersCertificateholder. If, at any time, the institution with the Certificate Distribution Account is established ceases to be an Eligible Deposit Accounta Qualified Institution, the Owner Trustee or the Paying Agent on the Trust’s behalf (or the Trust Depositor on behalf of the Owner Trustee, if the Certificate Distribution Account is not then held by the initial Paying Agent or the Owner Trustee or an affiliate Affiliate thereof) shall, shall within 10 ten Business Days (or such longer period, not to exceed 30 calendar days, as to which the each Rating Agency Condition shall be satisfied), may consent) establish a new Certificate Distribution Account as an Eligible Deposit Account with a Qualified Institution and shall transfer any cash and/or any investments to such new Certificate Distribution Account.