Common use of Participation Interest Clause in Contracts

Participation Interest. The Indenture Trustee shall establish and maintain with itself a trust account (the "Payment Account") in which the Indenture Trustee shall, subject to the terms of this paragraph, deposit, on the same day as it is received from the Deposit Trustee, each remittance received by the Indenture Trustee with respect to the Series 1997-1

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Household Consumer Loan Trust 1997-1), Pooling and Servicing Agreement (Household Consumer Loan Trust 1997-1)

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Participation Interest. The Indenture Trustee shall establish and maintain with itself a trust account (the "Payment Account") in which the Indenture Trustee shall, subject to the terms of this paragraph, deposit, on the same day as it is received from the Deposit Trustee, each remittance received by the Indenture Trustee with respect to the Series 1997-12

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Household Consumer Loan Trust 1997-2), Pooling and Servicing Agreement (Household Consumer Loan Trust 1997-2)

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