Establishment of Trust Accounts. (a) (i) The Servicer, for the benefit of the Noteholders and the Certificateholders, shall establish and maintain in the name of the Indenture Trustee an Eligible Deposit Account (the “Collection Account”), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Noteholders and the Certificateholders.
Appears in 78 contracts
Samples: Sale and Servicing Agreement (CNH Equipment Trust 2024-B), Sale and Servicing Agreement (CNH Equipment Trust 2024-B), Sale and Servicing Agreement (CNH Equipment Trust 2024-A)
Establishment of Trust Accounts. (a) (i) The Servicer, for the benefit of the Noteholders and the Certificateholders, shall establish cause to be established and maintain maintained with and in the name of the Indenture Trustee an Eligible Deposit Account (the “Collection Account”), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Noteholders and the Certificateholders.
Appears in 56 contracts
Samples: Sale and Servicing Agreement (World Omni Auto Receivables LLC), Sale and Servicing Agreement (World Omni Auto Receivables Trust 2019-B), Sale and Servicing Agreement (World Omni Auto Receivables Trust 2019-A)
Establishment of Trust Accounts. (a) (i) The Servicer, for the benefit of the Noteholders and the CertificateholdersCertificateholder, shall establish with the Indenture Trustee, and maintain in the name of the Indenture Trustee Trustee, an Eligible Deposit Account (the “Collection Account”), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Noteholders and the CertificateholdersCertificateholder.
Appears in 34 contracts
Samples: Sale and Servicing Agreement (John Deere Owner Trust 2021-B), Sale and Servicing Agreement (John Deere Owner Trust 2021-B), Sale and Servicing Agreement (John Deere Owner Trust 2021)
Establishment of Trust Accounts. (a) (i) The Servicer, for the benefit of the Noteholders and the Certificateholders, shall establish and maintain in the name of the Indenture Trustee an Eligible Deposit Account (the “"Collection Account”"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Noteholders and the Certificateholders.
Appears in 19 contracts
Samples: Sale and Servicing Agreement (Bond Securitization LLC), Sale and Servicing Agreement (Bond Securitization LLC), Sale and Servicing Agreement (Premier Auto Trust 1998-2)
Establishment of Trust Accounts. (a) (i) The Servicer, for the benefit of the Noteholders and the Certificateholders, shall establish cause to be established and maintain maintained with the Account Bank and in the name of the Indenture Trustee Trustee, an Eligible Deposit Account (the “Collection Account”), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Noteholders and the Certificateholders.
Appears in 17 contracts
Samples: Sale and Servicing Agreement (World Omni Auto Receivables Trust 2024-B), Sale and Servicing Agreement (World Omni Auto Receivables Trust 2024-B), Sale and Servicing Agreement (World Omni Auto Receivables Trust 2024-A)
Establishment of Trust Accounts. (a) (i) The Servicer, for the benefit of the Noteholders and the Certificateholders, shall establish cause to be established and maintain maintained with the Indenture Trustee and in the name of the Issuing Entity, for the benefit of the Indenture Trustee an Eligible Deposit Account (the “Collection Account”), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Noteholders and the Certificateholders.
Appears in 14 contracts
Samples: Sale and Servicing Agreement (World Omni Auto Receivables Trust 2021-A), Sale and Servicing Agreement (World Omni Auto Receivables Trust 2021-A), Sale and Servicing Agreement (World Omni Select Auto Trust 2020-A)
Establishment of Trust Accounts. (a) (i) The Servicer, for the benefit of the Noteholders and the CertificateholdersCertificateholder, shall establish and maintain in the name of the Indenture Trustee an Eligible Deposit Account (the “Collection Account”), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Noteholders and the CertificateholdersCertificateholder.
Appears in 13 contracts
Samples: Sale and Servicing Agreement (John Deere Owner Trust 2013-B), Sale and Servicing Agreement (John Deere Owner Trust 2013), Sale and Servicing Agreement (John Deere Owner Trust 2012-B)
Establishment of Trust Accounts. (a) (ia)(i) The Servicer, for the benefit of the Noteholders and the Certificateholders, shall establish and maintain in the name of the Indenture Trustee an Eligible Deposit Account (the “"Collection Account”"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Noteholders and the Certificateholders.
Appears in 11 contracts
Samples: Sale and Servicing Agreement (CNH Capital Receivables Inc), Sale and Servicing Agreement (Case Receivables Ii Inc), Sale and Servicing Agreement (World Omni Auto Receivables LLC)
Establishment of Trust Accounts. (a) (i) The Servicer, for the benefit of the Noteholders and the CertificateholdersCertificateholder, shall establish with the Account Bank, and maintain in the name of the Indenture Trustee Trustee, an Eligible Deposit Account (the “Collection Account”), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Noteholders and the CertificateholdersCertificateholder.
Appears in 9 contracts
Samples: Sale and Servicing Agreement (Deere John Capital Corp), Sale and Servicing Agreement (John Deere Receivables LLC), Sale and Servicing Agreement (Deere John Capital Corp)
Establishment of Trust Accounts. (a) (i) The ServicerIndenture Trustee, for the benefit on behalf of the Noteholders and the CertificateholdersNoteholders, shall establish and maintain in the its own name of the Indenture Trustee an Eligible Deposit Account (the “Collection Account”), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Noteholders and Indenture Trustee on behalf of the CertificateholdersNoteholders. The Collection Account shall initially be established with the Indenture Trustee.
Appears in 9 contracts
Samples: Sale and Servicing Agreement (Exeter Automobile Receivables Trust 2021-4), Sale and Servicing Agreement (Exeter Automobile Receivables Trust 2021-3), Form of Sale and Servicing Agreement (Exeter Automobile Receivables Trust 2021-3)
Establishment of Trust Accounts. (a) (i) The Servicer, for the benefit of the Noteholders and the Certificateholders, shall establish cause to be established and maintain maintained with the Indenture Trustee and in the name of the Indenture Trustee Issuing Entity, an Eligible Deposit Account (the “Collection Account”), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Noteholders and the Certificateholders.
Appears in 8 contracts
Samples: Sale and Servicing Agreement (World Omni Auto Receivables Trust 2022-A), Sale and Servicing Agreement (World Omni Auto Receivables Trust 2022-A), Sale and Servicing Agreement (World Omni Auto Receivables Trust 2021-D)
Establishment of Trust Accounts. (a) (i) The ServicerTrustee, for the benefit on behalf of the Noteholders Securityholders and the CertificateholdersNote Insurer, shall establish and maintain in the its own name of the Indenture Trustee an Eligible Deposit Account (the “"Collection Account”"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Noteholders Trustee on behalf of the Securityholders and the CertificateholdersNote Insurer.
Appears in 6 contracts
Samples: Sale and Servicing Agreement (Consumer Portfolio Services Inc), Sale and Servicing Agreement (Consumer Portfolio Services Inc), Servicing Agreement (Consumer Portfolio Services Inc)
Establishment of Trust Accounts. (a) (i) The Servicer, for the benefit of the Noteholders and the Certificateholders, shall establish and maintain in the name of the Indenture Trustee an Eligible Deposit Account (the “"Collection Account”"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Noteholders and Certificateholders. Investment earnings on funds in the CertificateholdersCollection Account shall be paid to the Servicer as additional servicing compensation.
Appears in 6 contracts
Samples: Pooling and Servicing Agreement (National City Bank /), Pooling and Servicing Agreement (Deutsche Recreational Asset Funding Corp), Pooling and Servicing Agreement (Ml Asset Backed Corp)
Establishment of Trust Accounts. (a) (i) The ServicerIndenture Trustee, for the benefit on behalf of the Noteholders and the CertificateholdersInsurer, shall will establish and maintain in the its own name of the Indenture Trustee an one or more Eligible Deposit Account Accounts (collectively, the “"Collection Account”"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Indenture Trustee on behalf of the Noteholders and the CertificateholdersInsurer. The Collection Account will initially be established with the Indenture Trustee.
Appears in 6 contracts
Samples: Sale and Servicing Agreement (Triad Automobile Receivables Trust 2006-B), Sale and Servicing (Triad Automobile Receivables Trust 2004-A), Sale and Servicing (Triad Automobile Receivables Trust 2003-B)
Establishment of Trust Accounts. (a) (i) The Master Servicer, for the benefit of the Noteholders and the CertificateholdersNoteholders, shall establish and maintain in the name of the Indenture Trustee an Eligible Deposit Account (the “Collection "Note Distribution Account”"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Noteholders and Noteholders. The Note Distribution Account shall initially be established with the CertificateholdersTrustee.
Appears in 5 contracts
Samples: Master Servicing Agreement (Gs Mortgage Securities Corp), Master Servicing Agreement (Structured Asset Mortgage Investments Inc), Master Servicing Agreement (Structured Asset Mortgage Investments Inc)
Establishment of Trust Accounts. (a) (i1) The Servicer, for the benefit of the Noteholders and the Certificateholders, shall establish and maintain in the name of the Indenture Trustee an Eligible Deposit Account (the “"Collection Account”"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Noteholders and the Certificateholders.
Appears in 4 contracts
Samples: Pooling and Servicing Agreement (Gs Mortgage Securities Corp), Pooling and Servicing Agreement (Gs Mortgage Securities Corp), Pooling and Servicing Agreement (Goldman Sachs Asset Backed Securities Corp)
Establishment of Trust Accounts. (a) (i) The Servicer, for the benefit of the Noteholders Noteholders[, the Counterparties] and the Certificateholders, shall establish and maintain in the name of the Indenture Trustee an Eligible Deposit Account (the “Collection Account”), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Noteholders Noteholders[, the Counterparties] and the Certificateholders.
Appears in 4 contracts
Samples: Sale and Servicing Agreement (CNH Capital Receivables LLC), Sale and Servicing Agreement (CNH Capital Receivables LLC), Sale and Servicing Agreement (CNH Capital Receivables LLC)
Establishment of Trust Accounts. (a) (i) The Servicer, for the benefit of the Noteholders and the Certificateholders, shall establish and maintain in the name of the Indenture Trustee an Eligible Deposit Account (the “"Collection Account”"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Noteholders and the Certificateholders. The Collection Account shall initially be established with the Trustee.
Appears in 3 contracts
Samples: Sale and Servicing Agreement (Barnett Auto Receivables Corp), Sale and Servicing Agreement (Oxford Resources Corp), Execution Copy (Oxford Resources Corp)
Establishment of Trust Accounts. (a) (i) The Servicer, for the benefit of the Noteholders and the Certificateholders, shall establish cause to be established and maintain maintained with the Indenture Trustee and in the name of the Indenture Trustee Issuing Entity an Eligible Deposit Account (the “Collection Account”), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Noteholders and the Certificateholders.
Appears in 3 contracts
Samples: Sale and Servicing Agreement (World Omni Auto Receivables LLC), Sale and Servicing Agreement (World Omni Select Auto Trust 2021-A), Sale and Servicing Agreement (World Omni Select Auto Trust 2021-A)
Establishment of Trust Accounts. (a) (i) The ServicerIndenture Trustee, for the benefit on behalf of the Noteholders and the CertificateholdersInsurer, shall will establish and maintain in the its own name of the Indenture Trustee an one or more Eligible Deposit Account Accounts (collectively, the “Collection Account”), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Indenture Trustee on behalf of the Noteholders and the CertificateholdersInsurer. The Collection Account will initially be established with the Indenture Trustee.
Appears in 3 contracts
Samples: Sale and Servicing Agreement (Triad Financial Special Purpose LLC), Sale and Servicing Agreement (Triad Financial Special Purpose LLC), Sale and Servicing Agreement (Triad Financial Special Purpose LLC)
Establishment of Trust Accounts. (a) (ia)(i) The Servicer, for the benefit of the Noteholders and the Certificateholders, shall establish cause to be established and maintain maintained with and in the name of the Indenture Trustee an Eligible Deposit Account (the “Collection Account”), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Noteholders and the Certificateholders.
Appears in 3 contracts
Samples: Sale and Servicing Agreement (World Omni Auto Receivables Trust 2010-A), Sale and Servicing Agreement (World Omni Auto Receivables Trust 2010-A), Sale and Servicing Agreement (World Omni Auto Receivables LLC)
Establishment of Trust Accounts. (a) (i) The Servicer, for the benefit of the Noteholders and the CertificateholdersCertificateholder, shall establish and maintain in the name of the Indenture Trustee an Eligible Deposit Account (the “"Collection Account”"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Noteholders and the CertificateholdersCertificateholder.
Appears in 3 contracts
Samples: Sale and Servicing Agreement (John Deere Owner Trust 2006), Sale and Servicing Agreement (Deere John Receivables Inc), Sale and Servicing Agreement (Deere John Receivables Inc)
Establishment of Trust Accounts. (a) (i) The ServicerTrustee, for the benefit of the Noteholders and the Certificateholders, shall establish and maintain in the name of the Indenture Trustee an Eligible Deposit Account (the “"Collection Account”"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Noteholders and the Certificateholders.
Appears in 2 contracts
Samples: Trust Agreement (Gs Mortgage Securities Corp), Trust Agreement (Goldman Sachs Asset Backed Securities Corp)
Establishment of Trust Accounts. (a) (ia)(i) The ServicerIndenture Trustee, for the benefit of the Noteholders and the CertificateholdersResidual Interestholder, shall establish and maintain in the name of the Indenture Trustee an Eligible Deposit Account (the “"Collection Account”"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Noteholders and the CertificateholdersResidual Interestholder.
Appears in 2 contracts
Samples: Transfer and Servicing Agreement (Deutsche Recreational Asset Funding Corp), Transfer and Servicing Agreement (Deutsche Recreational Asset Funding Corp)
Establishment of Trust Accounts. (a) (i) The ServicerIndenture Trustee, for the benefit on behalf of the Noteholders [and the CertificateholdersInsurer], shall will establish and maintain in the its own name of the Indenture Trustee an one or more Eligible Deposit Account Accounts (collectively, the “"Collection Account”"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Indenture Trustee on behalf of the Noteholders [and the CertificateholdersInsurer]. The Collection Account will initially be established with the Indenture Trustee.
Appears in 2 contracts
Samples: Sale and Servicing (Triad Financial Special Purpose LLC), Sale and Servicing (Triad Financial Special Purpose LLC)
Establishment of Trust Accounts. (a) (ia)(i) The Servicer, for the benefit of the Noteholders and the CertificateholdersNoteholders, shall establish and maintain in the name of the Indenture Trustee an Eligible Deposit Account (the “"Collection Account”"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Noteholders and the CertificateholdersNoteholders.
Appears in 2 contracts
Samples: Transfer and Servicing Agreement (Metlife Capital Equipment Loan Trusts), Transfer and Servicing Agreement (Metlife Capital Equipment Loan Trusts)
Establishment of Trust Accounts. (a) (i) The Servicer, for the benefit of the Noteholders and the CertificateholdersNoteholders, shall establish and maintain in the name of the Indenture Trustee an Eligible Deposit Account (the “"Collection Account”"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Noteholders and the CertificateholdersNoteholders.
Appears in 2 contracts
Samples: Transfer and Servicing Agreement (Advanta Bank Corp), Transfer and Servicing Agreement (Advanta Bank Corp)
Establishment of Trust Accounts. (a) (i) The Servicer, for the benefit of the Noteholders and the Certificateholders, shall establish and maintain in the name of the Indenture Trustee an Eligible Deposit Account (the “Collection Account”), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Noteholders and the Certificateholders. The Collection Account shall be maintained with the Trustee as long as such account is an Eligible Deposit Account.
Appears in 2 contracts
Samples: Sale and Servicing (Ace Securities Corp), Sale and Servicing (Ace Securities Corp)
Establishment of Trust Accounts. (a) (i) The ServicerIndenture Trustee, for the benefit on behalf of the Noteholders and the CertificateholdersNoteholders, shall establish and maintain in the its own name of the Indenture Trustee an Eligible Deposit Account (the “"Collection Account”"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Noteholders and Indenture Trustee on behalf of the CertificateholdersNoteholders. The Collection Account shall initially be established with the Indenture Trustee.
Appears in 2 contracts
Samples: Sale and Servicing (Americredit Corp), Sale and Servicing Agreement (Americredit Corp)
Establishment of Trust Accounts. (a) (i) The Servicer, for the benefit of the Noteholders and the Certificateholders, shall establish and maintain in the name of the Indenture Trustee an Eligible Deposit Account (the “"Collection Account”"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Noteholders and the Certificateholders. The Collection Account shall be maintained with the Trustee as long as such account is an Eligible Deposit Account.
Appears in 2 contracts
Samples: Sale and Servicing Agreement (Barnett Auto Receivables Corp), Sale and Servicing Agreement (Ace Securities Corp)
Establishment of Trust Accounts. (a) (i) The ServicerOwner Trustee, for the benefit of the Noteholders and the Certificateholders, shall establish and maintain in the name of the Indenture Owner Trustee an Eligible Deposit Account (the “"Collection Account”"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Noteholders and the Certificateholders.
Appears in 2 contracts
Samples: Trust Agreement (Gs Mortgage Securities Corp), Trust Agreement (Goldman Sachs Asset Backed Securities Corp)
Establishment of Trust Accounts. (a) (ia)(i) The Servicer, for the benefit of the Noteholders and the Certificateholders, shall establish and maintain in the name of the Indenture Trustee an Eligible Deposit Account (the “"Collection Account”"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Noteholders and the Certificateholders.
Appears in 2 contracts
Samples: Transfer and Servicing Agreement (Deutsche Recreational Asset Funding Corp), Transfer and Servicing Agreement (Deutsche Recreational Asset Funding Corp)
Establishment of Trust Accounts. (a) (ia) The Servicer, for the benefit of the Noteholders and the Certificateholders, shall establish cause to be established and maintain maintained with and in the name of the Indenture Trustee an Eligible Deposit Account (the “"Collection Account”"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Noteholders and the Certificateholders.
Appears in 1 contract
Samples: Sale and Servicing Agreement (World Omni Auto Receivables LLC)
Establishment of Trust Accounts. (a) (i) The Servicer, ------------------------------- for the benefit of the Noteholders and the Certificateholders, shall establish and maintain in the name of the Indenture Trustee an Eligible Deposit Account (the “"Collection Account”"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Noteholders and Certificateholders. Investment earnings on funds in the CertificateholdersCollection Account shall be paid to the Servicer as additional servicing compensation.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Morgan Stanley Abs Capital Ii Inc)
Establishment of Trust Accounts. (a) (i) The Servicer, ------------------------------- for the benefit of the Noteholders and the CertificateholdersNoteholders, shall establish and maintain in the name of the Indenture Trustee an Eligible Deposit Account (the “Collection "Note Distribution Account”"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Noteholders and Noteholders. The Note Distribution Account shall initially be established with the CertificateholdersTrustee.
Appears in 1 contract
Samples: Sale and Servicing Agreement (Credit Suisse First Boston Mortgage Securities Corp)
Establishment of Trust Accounts. (a) (ia)(i) The Servicer, for the benefit of the Noteholders and the Certificateholders, shall establish cause to be established and maintain maintained with and in the name of the Indenture Trustee an Eligible Deposit Account (the “"Collection Account”"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Noteholders and the Certificateholders.
Appears in 1 contract
Samples: Sale and Servicing Agreement (World Omni Auto Receivables LLC)
Establishment of Trust Accounts. (a) (ia)(i) The ServicerIndenture Trustee, for the benefit of the Noteholders and the CertificateholdersResidual Interestholder, shall establish and maintain in the name of the Indenture Trustee an Eligible Deposit Account (the “Collection Account”), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Noteholders and the CertificateholdersResidual Interestholder.
Appears in 1 contract
Samples: Transfer and Servicing Agreement (Deutsche Recreational Asset Funding Corp)
Establishment of Trust Accounts. (a) (i) The Servicer, for the benefit of the Noteholders and the Certificateholders, shall establish cause to be established and maintain maintained with and in the name of the Indenture Trustee an Eligible Deposit Account (the “"Collection Account”"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Noteholders and the Certificateholders.
Appears in 1 contract
Samples: Sale and Servicing Agreement (World Omni Auto Receivables LLC)
Establishment of Trust Accounts. (a) (i) The ServicerIndenture Trustee, on behalf of the Noteholders, [shall establish and maintain in its own name]/[in the name of and for the benefit of the Noteholders and the Certificateholders, Trust shall establish and maintain in the name of the Indenture Trustee establish] an Eligible Deposit Account (the “Collection Account”), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of [the Noteholders and Indenture Trustee on behalf of the CertificateholdersNoteholders]/[the Trust]. The Collection Account shall initially be established with the Indenture Trustee.
Appears in 1 contract
Samples: Sale and Servicing (Efcar, LLC)
Establishment of Trust Accounts. (a) (i) The Master Servicer, for the benefit of the Noteholders and the CertificateholdersNoteholders, shall establish and maintain in the name of the Indenture Trustee an Eligible Deposit Account (the “Collection Note Distribution Account”), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Noteholders and Noteholders. The Note Distribution Account shall initially be established with the CertificateholdersTrustee.
Appears in 1 contract
Samples: Master Servicing Agreement (Gs Mortgage Securities Corp)
Establishment of Trust Accounts. (a) (i) The ServicerTransferor, for the benefit of the Noteholders and the CertificateholdersNoteholders, shall establish and maintain in the name of the Indenture Trustee an Eligible Deposit Account (the “"Collection Account”"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Noteholders and the CertificateholdersNoteholders.
Appears in 1 contract
Samples: Transfer and Servicing Agreement (Metlife Capital Equipment Loan Trusts)
Establishment of Trust Accounts. (a) (i) The Servicer, ------------------------------- for the benefit of the Noteholders and the Certificateholders, shall establish and maintain in the name of the Indenture Trustee an Eligible Deposit Account (the “"Collection Account”"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Noteholders and the Certificateholders.
Appears in 1 contract
Samples: Form of Sale and Servicing Agreement (Morgan Stanley Abs Capital Ii Inc)
Establishment of Trust Accounts. (a) (ia)(i) The Servicer, ------------------------------- for the benefit of the Noteholders and the Certificateholders, shall establish cause to be established and maintain maintained with and in the name of the Indenture Trustee an Eligible Deposit Account (the “"Collection Account”"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Noteholders and the Certificateholders.
Appears in 1 contract
Samples: Sale and Servicing Agreement (World Omni Auto Receivables LLC)
Establishment of Trust Accounts. (a) (i) The Servicer, for the benefit of the Noteholders and the Certificateholders, Noteholders' shall establish and maintain in the name of the Indenture Trustee an Eligible Deposit Account (the “Collection "Note Distribution Account”"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Noteholders and Noteholders. The Note Distribution Account shall initially be established with the CertificateholdersTrustee.
Appears in 1 contract
Samples: Sale and Servicing Agreement (Chevy Chase Bank FSB)
Establishment of Trust Accounts. (a) (ia)(i) The Servicer, for the benefit of the Noteholders and the CertificateholdersResidual Interestholder, shall establish and maintain in the name of the Indenture Trustee an Eligible Deposit Account (the “"Collection Account”"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Noteholders and the CertificateholdersResidual Interestholder.
Appears in 1 contract
Samples: Transfer and Servicing Agreement (Deutsche Recreational Asset Funding Corp)
Establishment of Trust Accounts. (a) (i) The a)(i)The Servicer, for the benefit of the Indenture Noteholders, the Class B Noteholders and the Certificateholders, shall establish and maintain in the name of the Indenture Trustee an Eligible Deposit Account (the “"Collection Account”"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Indenture Noteholders, the Class B Noteholders and the Certificateholders.
Appears in 1 contract
Samples: Sale and Servicing Agreement (Case Receivables Ii Inc)
Establishment of Trust Accounts. (a) (i) The ServicerTrustee, for the benefit on behalf of the Noteholders Securityholders and the CertificateholdersCredit Enhancer, shall establish and maintain in the its own name of the Indenture Trustee an Eligible Deposit Account (the “"Collection Account”"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Noteholders Trustee on behalf of the Securityholders and the CertificateholdersCredit Enhancer.
Appears in 1 contract
Samples: Sale and Servicing Agreement (Consumer Portfolio Services Inc)
Establishment of Trust Accounts. (a) (i1) The ------------------------------- Servicer, for the benefit of the Noteholders and the Certificateholders, shall establish and maintain in the name of the Indenture Trustee an Eligible Deposit Account (the “"Collection Account”"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Noteholders and the Certificateholders.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Asset Backed Securities Corp)
Establishment of Trust Accounts. (a) (i) The Servicer, for the benefit of the Noteholders and the Certificateholders, shall establish and maintain in the name of the Indenture Trustee an Eligible Deposit Account (the “"Collection Account”"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Noteholders and the Certificateholders.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (World Omni Auto Receivables LLC)
Establishment of Trust Accounts. (a) (i1.(a) The Servicer, for the benefit of the Noteholders and the Certificateholders, shall establish and maintain in the name of the Indenture Trustee an Eligible Deposit Account (the “"Collection Account”"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Noteholders and the Certificateholders.
Appears in 1 contract
Samples: Sale and Servicing Agreement (Case Receivables Ii Inc)
Establishment of Trust Accounts. (aa)(i) (i) The Servicer, for the benefit of the Noteholders and the Certificateholders, shall establish and maintain in the name of the Indenture Trustee an Eligible Deposit Account (the “"Collection Account”"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Noteholders and the Certificateholders.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Provident Lease Receivables Corp)
Establishment of Trust Accounts. (a) (i) The ServicerSeller, for the benefit of the Noteholders and the Certificateholders, shall establish and maintain in the name of the Indenture Trustee an Eligible Deposit Securities Account (the “"Collection Account”"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Noteholders and the Certificateholders.
Appears in 1 contract
Samples: Sale and Servicing Agreement (Caterpillar Financial Funding Corp)
Establishment of Trust Accounts. (a) (ia)(i) The Servicer, for the benefit of the Noteholders and the Certificateholders, shall establish and maintain in the name of the Indenture Trustee an Eligible Deposit Account (the “"Collection Account”"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Noteholders and the Certificateholders. The Collection Account shall be established and maintained with the Trustee.
Appears in 1 contract
Samples: Form of Sale and Servicing Agreement (Mellon Auto Receivables Corp)
Establishment of Trust Accounts. (a) (i) The Servicer, for the benefit of the Noteholders and the Certificateholders, shall establish cause to be established and maintain maintained with the Account Bank and in the name of the Indenture Trustee Issuing Entity, an Eligible Deposit Account (the “Collection Account”), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Noteholders and the Certificateholders.
Appears in 1 contract
Samples: Sale and Servicing Agreement (World Omni Auto Receivables Trust 2022-D)
Establishment of Trust Accounts. (a) (i) The Servicer, for ------------------------------- the benefit of the Noteholders and the Certificateholders, shall establish and maintain in the name of the Indenture Trustee an Eligible Deposit Account (the “"Collection Account”"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Noteholders and the Certificateholders.
Appears in 1 contract
Samples: Sale and Servicing Agreement (Asset Backed Securities Corp)
