Common use of Establishment of Trust Account Clause in Contracts

Establishment of Trust Account. The Owner Trustee, for the benefit of the Certificateholders, shall establish and maintain (or shall cause to be established and maintained) in the name of the Issuer an Eligible Account (the "Certificate Distribution Account"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Certificateholders.

Appears in 19 contracts

Samples: Trust Agreement (American Honda Receivables Corp), Trust Agreement (Honda Auto Receivables 2006-2 Owner Trust), Trust Agreement (Honda Auto Receivables 2007-1 Owner Trust)

AutoNDA by SimpleDocs

Establishment of Trust Account. The Owner Trustee, for the benefit of the CertificateholdersCertificateholder, shall establish and maintain (or shall cause to be established and maintained) in the name of the Issuer Trust an Eligible Securities Account (the "Certificate Distribution Account"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Certificateholders.Certificateholder. The 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

Appears in 3 contracts

Samples: Trust Agreement (Caterpillar Financial Funding Corp), Trust Agreement (Caterpillar Financial Funding Corp), Trust Agreement (Caterpillar Financial Funding Corp)

Establishment of Trust Account. (a) The Owner Trustee, for the benefit of the CertificateholdersCertificateholder, shall establish and maintain (or shall cause to be established and maintained) in the name of the Issuer Owner Trustee 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 CertificateholdersCertificateholder.

Appears in 2 contracts

Samples: Trust Agreement (American Capital Strategies LTD), Trust Agreement (American Capital Strategies LTD)

Establishment of Trust Account. (a) The Owner Trustee, for the benefit of the CertificateholdersCertificateholder, shall establish and maintain (or shall cause to be established and maintained) in the name of the Issuer Owner Trustee an Eligible Account (the "Certificate Distribution Account"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the CertificateholdersCertificateholder.

Appears in 1 contract

Samples: Trust Agreement (American Capital Strategies LTD)

Establishment of Trust Account. The Owner Trustee, for the benefit of the CertificateholdersCertificateholder, shall establish and maintain (or shall cause to be established and maintained) in the name of the Issuer Trust an Eligible Account (the "Certificate Distribution Account"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the CertificateholdersCertificateholder.

Appears in 1 contract

Samples: Trust Agreement (Orix Credit Alliance Receivables Trust 1999-A)

Establishment of Trust Account. (a) The Owner Trustee, for the benefit of the CertificateholdersCertificateholder, shall establish and maintain (or shall cause to be established and maintained) in the name of the Issuer Indenture Trustee an Eligible Account (the "Certificate Distribution Account"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the CertificateholdersCertificateholder.

Appears in 1 contract

Samples: Trust Agreement (American Capital Strategies LTD)

Establishment of Trust Account. The Owner Trustee, for the ------------------------------ benefit of the Certificateholders, shall cause the Paying Agent to establish and maintain (or shall cause to be established and maintained) in the name of the Issuer an Eligible Account Trust a segregated account with the Indenture Trustee (the "Certificate Distribution Account"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Certificateholders.

Appears in 1 contract

Samples: Trust Agreement (Thornburg Mortgage Asset Corp)

AutoNDA by SimpleDocs

Establishment of Trust Account. The Owner Trustee, for the benefit of the Certificateholders, shall establish and maintain (or shall cause to be established and maintained) in the name of the Issuer Trust an Eligible Account (the "Certificate Distribution Account"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Certificateholders.Eligible

Appears in 1 contract

Samples: Trust Agreement (Morgan Stanley Abs Capital I Inc)

Establishment of Trust Account. The Owner Trustee, for the benefit of the Certificateholders, shall establish and maintain (or shall cause to be established and maintained) in the name of the Issuer 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.

Appears in 1 contract

Samples: Trust Agreement (Ucfc Acceptance Corp)

Establishment of Trust Account. The Owner Trustee, for the benefit of the Certificateholders, shall establish and maintain (or shall cause to be established and maintained) in the name of the Issuer an Eligible Account (the "Certificate Distribution Account"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Certificateholders.

Appears in 1 contract

Samples: Trust Agreement (American Honda Receivables Corp)

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