Common use of Principal Funding Account Clause in Contracts

Principal Funding Account. (a) The Seller hereby -------------------------- directs the Trustee, for the benefit of the Series 1997-T Certificateholders, to establish and maintain or cause to be established and maintained in the name of the Trustee, on behalf of the Series 1997-T Certificateholders, with an Eligible Institution (which initially shall be FNBC) a segregated trust account (the "Principal Funding Account"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Series 1997-T Certificateholders. The Trustee shall possess all right, title and interest in all Eligible Investments or other amounts on deposit from time to time in the Principal Funding Account and in all proceeds thereof. The Principal Funding Account shall be under the sole dominion and control of the Trustee for the benefit of the Series 1997-T Certificateholders. If, at any time, the institution holding the Principal Funding Account ceases to be an Eligible Institution, the Trustee (or the Servicer on its behalf) shall within 10 Business Days establish a new Principal Funding Account meeting the conditions specified above with an Eligible Institution, and shall transfer any cash and/or any Eligible Investments or other amounts to such new Principal Funding Account. Pursuant to the authority granted to the Servicer in subsection 3.01(b), the Servicer shall have the power, revocable by the Trustee, (i) to make withdrawals, or to instruct the Trustee to make withdrawals, from the Principal Funding Account from time to time, in the amounts and for the purposes set forth herein and (ii) on each Distribution Date (from and after the commencement of the Accumulation Period) prior to the termination of the Principal Funding Account, to make deposits, or to instruct the Trustee to make deposits, into the Principal Funding Account in the amounts specified in, and otherwise in accordance with, subsection 4.07(e).

Principal Funding Account. (a) The Seller hereby -------------------------- directs Trustee shall establish and maintain with a Qualified Institution, which may be the Trustee, in the name of the Trust, on behalf of the Trust, for the benefit of the Series 1997-T Investor Certificateholders, to establish and maintain or cause to be established and maintained in the name of the Trustee, on behalf of the Series 1997-T Certificateholders, with an Eligible Institution (which initially shall be FNBC) a segregated trust account with the corporate trust department of such Qualified Institution (the "Principal Funding Account"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Series 1997-T Investor Certificateholders. The Trustee shall possess all right, title and interest in all Eligible Investments or other amounts funds on deposit from time to time in the Principal Funding Account and in all proceeds thereof. The Principal Funding Account shall be under the sole dominion and control of the Trustee for the benefit of the Series 1997-T Investor Certificateholders. If, If at any time, time the institution holding the Principal Funding Account ceases to be an Eligible a Qualified Institution, the Seller shall notify the Trustee, and the Trustee upon being notified (or the Servicer on its behalf) shall shall, within 10 Business Days Days, establish a new Principal Funding Account meeting the conditions specified above with an Eligible a Qualified Institution, and shall transfer any cash and/or or any Eligible Investments or other amounts investments to such new Principal Funding Account. Pursuant to the authority granted to the Servicer in subsection 3.01(b), the Servicer shall have the power, revocable by the The Trustee, at the direction of the Servicer, shall (i) to make withdrawals, or to instruct the Trustee to make withdrawals, withdrawals from the Principal Funding Account from time to time, in the amounts and for the purposes set forth herein in this Series Supplement, and (ii) on each Distribution Transfer Date (from and after the commencement of the Controlled Accumulation Period) prior to the termination of the Principal Funding Account, to Account make deposits, or to instruct the Trustee to make deposits, a deposit into the Principal Funding Account in the amounts amount specified in, and otherwise in accordance with, subsection 4.07(e4.09(e). (b) Funds on deposit in the Principal Funding Account shall be invested at the direction of the Servicer by the Trustee in Permitted Investments. Funds on deposit in the Principal Funding Account on any Transfer Date, after giving effect to any withdrawals from the Principal Funding Account on such Transfer Date, shall be invested in such investments that will mature so that such funds will be available for withdrawal on or prior to the following Transfer Date. The Trustee shall maintain for the benefit of the Investor Certificateholders possession of the negotiable instruments or securities, if any, evidencing such Permitted Investments. No Permitted Investment shall be disposed of prior to its maturity. On the Transfer Date occurring in the month following the commencement of the Controlled Accumulation Period and on each Transfer Date thereafter with respect to the Controlled Accumulation Period, the Trustee, acting at the Servicer's direction given on or before such Transfer Date, shall transfer from the Principal Funding Account to the Finance Charge Account the Principal Funding Investment Proceeds on deposit in the Principal Funding Account, but not in excess of the Covered Amount, for application in the following priority: (i) an amount equal to that portion of the Covered Amount computed pursuant to clause (a) of the definition of Covered Amount shall be treated as Class A Available Funds to be applied pursuant to subsection 4.09(a)(i); (ii) an amount equal to that portion of the Covered Amount computed pursuant to clause (b) of the definition of Covered Amount shall be treated as Class B Available Funds to be applied pursuant to subsection 4.09(b)(i); and (iii) the balance, if any, shall be treated as Class C Available Funds to be applied pursuant to subsection 4.09(c). Any Excess Principal Funding Investment Proceeds shall be paid to the Seller on each Transfer Date. An amount equal to any Principal Funding Investment Shortfall will be deposited in the Finance Charge Account on each Transfer Date from the Reserve Account to the extent funds are available pursuant to, and in accordance with, subsection 4.15(d). Principal Funding Investment Proceeds (including reinvested interest) shall not be considered part of the amounts on deposit in the Principal Funding Account for purposes of this Series Supplement.

Principal Funding Account. (a) The Seller hereby -------------------------- directs Indenture Trustee shall establish and maintain with an Eligible Institution, which may be the Indenture Trustee, in the name of the Trust, on behalf of the Trust, for the benefit of the Series 19972002-T Certificateholders3 Noteholders, to establish and maintain or cause to be established and maintained in the name of the Trustee, on behalf of the Series 1997-T Certificateholders, with an Eligible Institution (which initially shall be FNBC) a segregated trust account with the corporate trust department of such Eligible Institution (the "Principal Funding AccountPRINCIPAL FUNDING ACCOUNT"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Series 19972002-T Certificateholders3 Noteholders. The Indenture Trustee shall possess all right, title and interest in all Eligible Investments or other amounts funds on deposit from time to time in the Principal Funding Account and in all proceeds thereof. The Principal Funding Account shall be under the sole dominion and control of the Indenture Trustee for the benefit of the Series 19972002-T Certificateholders3 Noteholders. If, If at any time, time the institution holding the Principal Funding Account ceases to be an Eligible Institution, the Transferor shall notify the Indenture Trustee, and the Indenture Trustee upon being notified (or the Servicer on its behalf) shall shall, within 10 Business Days Days, (or such longer period as to which the Rating Agency has consented) establish a new Principal Funding Account meeting the conditions specified above with an Eligible Institution, and shall transfer any cash and/or or any Eligible Investments or other amounts investments to such new Principal Funding Account. Pursuant to the authority granted to the Servicer in subsection 3.01(b), the Servicer shall have the power, revocable by the The Indenture Trustee, at the direction of the Servicer, shall (i) to make withdrawals, or to instruct the Trustee to make withdrawals, withdrawals from the Principal Funding Account from time to time, in the amounts and for the purposes set forth herein in this Indenture Supplement, and (ii) on each Distribution Date (from and after the commencement of the Controlled Accumulation Period) prior to the termination of the Principal Funding Account, to make deposits, or to instruct the Trustee to make deposits, deposits into the Principal Funding Account in the amounts specified in, and otherwise in accordance with, subsection 4.07(e4.04(c)(i).

Principal Funding Account. (a) The Seller hereby -------------------------- directs Indenture Trustee shall establish and maintain with an Eligible Institution, which may be the Indenture Trustee, in the name of the Trust, on behalf of the Trust, for the benefit of the Series 19972001-T Certificateholders2 Noteholders, to establish and maintain or cause to be established and maintained in the name of the Trustee, on behalf of the Series 1997-T Certificateholders, with an Eligible Institution (which initially shall be FNBC) a segregated trust account with the corporate trust department of such Eligible Institution (the "Principal Funding AccountPRINCIPAL FUNDING ACCOUNT"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Series 19972001-T Certificateholders2 Noteholders. The Indenture Trustee shall possess all right, title and interest in all Eligible Investments or other amounts funds on deposit from time to time in the Principal Funding Account and in all proceeds thereof. The Principal Funding Account shall be under the sole dominion and control of the Indenture Trustee for the benefit of the Series 19972001-T Certificateholders2 Noteholders. If, If at any time, time the institution holding the Principal Funding Account ceases to be an Eligible Institution, the Transferor shall notify the Indenture Trustee, and the Indenture Trustee upon being notified (or the Servicer on its behalf) shall shall, within 10 Business Days Days, (or such longer period as to which the Rating Agency has consented) establish a new Principal Funding Account meeting the conditions specified above with an Eligible Institution, and shall transfer any cash and/or or any Eligible Investments or other amounts investments to such new Principal Funding Account. Pursuant to the authority granted to the Servicer in subsection 3.01(b), the Servicer shall have the power, revocable by the The Indenture Trustee, at the direction of the Servicer, shall (i) to make withdrawals, or to instruct the Trustee to make withdrawals, withdrawals from the Principal Funding Account from time to time, in the amounts and for the purposes set forth herein in this Indenture Supplement, and (ii) on each Distribution Date (from and after the commencement of the Controlled Accumulation Period) prior to the termination of the Principal Funding Account, to make deposits, or to instruct the Trustee to make deposits, deposits into the Principal Funding Account in the amounts specified in, and otherwise in accordance with, subsection 4.07(e4.04(c)(i).

Principal Funding Account. (a) The Seller hereby -------------------------- ------------------------- directs the Trustee, for the benefit of the Series 19971999-T X Certificateholders, to establish and maintain or cause to be established and maintained in the name of the Trustee, on behalf of the Series 19971999-T X Certificateholders, with an Eligible Institution (which initially shall be FNBC) a segregated trust account (the "Principal Funding Account"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Series 19971999-T X Certificateholders. The Trustee shall possess all right, title and interest in all Eligible Investments or other amounts on deposit from time to time in the Principal Funding Account and in all proceeds thereof. The Principal Funding Account shall be under the sole dominion and control of the Trustee for the benefit of the Series 19971999-T X Certificateholders. If, at any time, the institution holding the Principal Funding Account ceases to be an Eligible Institution, the Trustee (or the Servicer on its behalf) shall within 10 Business Days establish a new Principal Funding Account meeting the conditions specified above with an Eligible Institution, and shall transfer any cash and/or any Eligible Investments or other amounts to such new Principal Funding Account. Pursuant to the authority granted to the Servicer in subsection 3.01(b), the Servicer shall have the power, revocable by the Trustee, (i) to make withdrawals, or to instruct the Trustee to make withdrawals, from the Principal Funding Account from time to time, in the amounts and for the purposes set forth herein and (ii) on each Distribution Date (from and after the commencement of the Accumulation Period) prior to the termination of the Principal Funding Account, to make deposits, or to instruct the Trustee to make deposits, into the Principal Funding Account in the amounts specified in, and otherwise in accordance with, subsection 4.07(e).

Principal Funding Account. (a) The Seller hereby -------------------------- directs the Trustee, for the benefit of the Series 19971999-T Y Certificateholders, to establish and maintain or cause to be established and maintained in the name of the Trustee, on behalf of the Series 19971999-T Y Certificateholders, with an Eligible Institution (which initially shall be FNBC) a segregated trust account (the "Principal Funding Account"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Series 19971999-T Y Certificateholders. The Trustee shall possess all right, title and interest in all Eligible Investments or other amounts on deposit from time to time in the Principal Funding Account and in all proceeds thereof. The Principal Funding Account shall be under the sole dominion and control of the Trustee for the benefit of the Series 19971999-T Y Certificateholders. If, at any time, the institution holding the Principal Funding Account ceases to be an Eligible Institution, the Trustee (or the Servicer on its behalf) shall within 10 Business Days establish a new Principal Funding Account meeting the conditions specified above with an Eligible Institution, and shall transfer any cash and/or any Eligible Investments or other amounts to such new Principal Funding Account. Pursuant to the authority granted to the Servicer in subsection 3.01(b), the Servicer shall have the power, revocable by the Trustee, (i) to make withdrawals, or to instruct the Trustee to make withdrawals, from the Principal Funding Account from time to time, in the amounts and for the purposes set forth herein and (ii) on each Distribution Date (from and after the commencement of the Accumulation Period) prior to the termination of the Principal Funding Account, to make deposits, or to instruct the Trustee to make deposits, into the Principal Funding Account in the amounts specified in, and otherwise in accordance with, subsection 4.07(e).

Principal Funding Account. (a) The Seller hereby -------------------------- ------------------------- directs the Trustee, for the benefit of the Series 1997-T 1998- Certificateholders, to establish and maintain or cause to be established and maintained in the name of the Trustee, on behalf of the Series 1997-T 1998- Certificateholders, with an Eligible Institution (which initially shall be FNBC) a segregated trust account (the "Principal Funding Account"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Series 1997-T 1998- Certificateholders. The Trustee shall possess all right, title and interest in all Eligible Investments or other amounts on deposit from time to time in the Principal Funding Account and in all proceeds thereof. The Principal Funding Account shall be under the sole dominion and control of the Trustee for the benefit of the Series 1997-T 1998- Certificateholders. If, at any time, the institution holding the Principal Funding Account ceases to be an Eligible Institution, the Trustee (or the Servicer on its behalf) shall within 10 Business Days establish a new Principal Funding Account meeting the conditions specified above with an Eligible Institution, and shall transfer any cash and/or any Eligible Investments or other amounts to such new Principal Funding Account. Pursuant to the authority granted to the Servicer in subsection 3.01(b), the Servicer shall have the power, revocable by the Trustee, (i) to make withdrawals, or to instruct the Trustee to make withdrawals, from the Principal Funding Account from time to time, in the amounts and for the purposes set forth herein and (ii) on each Distribution Date (from and after the commencement of the Accumulation Period) prior to the termination of the Principal Funding Account, to make deposits, or to instruct the Trustee to make deposits, into the Principal Funding Account in the amounts specified in, and otherwise in accordance with, subsection 4.07(e).

Principal Funding Account. (a) The Seller hereby -------------------------- directs Indenture Trustee shall establish and maintain with an Eligible Institution, which may be the TrusteeIndenture Trustee in the name of the Trust, on behalf of the Trust, for the benefit of the Series 19972002-T Certificateholders1 Noteholders, to establish and maintain or cause to be established and maintained in the name of the Trustee, on behalf of the Series 1997-T Certificateholders, with an Eligible Institution (which initially shall be FNBC) a segregated trust account with the corporate trust department of such Eligible Institution (the "Principal Funding Account"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Series 19972002-T Certificateholders1 Noteholders. The Indenture Trustee shall possess all right, title and interest in all Eligible Investments or other amounts funds on deposit from time to time in the Principal Funding Account and in all proceeds thereof. The Principal Funding Account shall be under the sole dominion and control of the Indenture Trustee for the benefit of the Series 19972002-T Certificateholders1 Noteholders. If, If at any time, time the institution holding the Principal Funding Account ceases to be an Eligible Institution, the Transferor shall notify the Indenture Trustee, and the Indenture Trustee upon being notified (or the Servicer Transferor on its behalf) shall shall, within 10 ten Business Days Days, establish a new Principal Funding Account meeting the conditions specified above with an Eligible Institution, and shall transfer any cash and/or or any Eligible Investments or other amounts investments to such new Principal Funding Account. Pursuant to the authority granted to the Servicer in subsection 3.01(b), the Servicer shall have the power, revocable by the The Indenture Trustee, at the direction of the Servicer, shall (i) to make withdrawals, or to instruct the Trustee to make withdrawals, withdrawals from the Principal Funding Account from time to time, in the amounts and for the purposes set forth herein in this Series 2002-1 Indenture Supplement, and (ii) on each Distribution Date (from and after the frox xxx xxxxx xxx commencement of the Controlled Accumulation Period) prior to the termination of the Principal Funding Account, to make deposits, or to instruct the Trustee to make deposits, deposits into the Principal Funding Account in the amounts specified in, and otherwise in accordance with, subsection 4.07(eSection 4.03(c).

Principal Funding Account. (a) The Seller hereby -------------------------- directs Indenture Trustee shall establish and maintain with an Eligible Institution, which may be the Indenture Trustee, in the name of the Trust, on behalf of the Trust, for the benefit of the Series 1997-T CertificateholdersNoteholders, to establish and maintain or cause to be established and maintained in the name of the Trustee, on behalf of the Series 1997-T Certificateholders, with an Eligible Institution (which initially shall be FNBC) a segregated trust account with the corporate trust department of such Eligible Institution (the "Principal Funding Account"), bearing a designation clearly indicating that ------------------------- the funds deposited therein are held for the benefit of the Series 1997-T CertificateholdersNoteholders. The Indenture Trustee shall possess all right, title and interest in all Eligible Investments or other amounts funds on deposit from time to time in the Principal Funding Account and in all proceeds thereof. The Principal Funding Account shall be under the sole dominion and control of the Indenture Trustee for the benefit of the Series 1997-T CertificateholdersNoteholders. If, If at any time, time the institution holding the Principal Funding Account ceases to be an Eligible Institution, the Transferor shall notify the Indenture Trustee, and the Indenture Trustee upon being notified (or the Servicer on its behalf) shall shall, within 10 Business Days Days, establish a new Principal Funding Account meeting the conditions specified above with an Eligible Institution, and shall transfer any cash and/or or any Eligible Investments or other amounts investments to such new Principal Funding Account. Pursuant to the authority granted to the Servicer in subsection 3.01(b), the Servicer shall have the power, revocable by the The Indenture Trustee, at the direction of the Servicer, shall (i) to make withdrawals, or to instruct the Trustee to make withdrawals, withdrawals from the Principal Funding Account from time to time, in the amounts and for the purposes set forth herein in this Indenture Supplement, and (ii) on each Distribution Date (from and after the commencement of the Controlled Accumulation Period) prior to the termination of the Principal Funding Account, to make deposits, or to instruct the Trustee to make deposits, deposits into the Principal Funding Account in the amounts specified in, and otherwise in accordance with, subsection 4.07(e4.04(c)(i).

Principal Funding Account. (a) The Seller hereby -------------------------- ------------------------- directs the Trustee, for the benefit of the Series 19971998-T V Certificateholders, to establish and maintain or cause to be established and maintained in the name of the Trustee, on behalf of the Series 19971998-T V Certificateholders, with an Eligible Institution (which initially shall be FNBC) a segregated trust account (the "Principal Funding Account"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Series 19971998-T V Certificateholders. The Trustee shall possess all right, title and interest in all Eligible Investments or other amounts on deposit from time to time in the Principal Funding Account and in all proceeds thereof. The Principal Funding Account shall be under the sole dominion and control of the Trustee for the benefit of the Series 19971998-T V Certificateholders. If, at any time, the institution holding the Principal Funding Account ceases to be an Eligible Institution, the Trustee (or the Servicer on its behalf) shall within 10 Business Days establish a new Principal Funding Account meeting the conditions specified above with an Eligible Institution, and shall transfer any cash and/or any Eligible Investments or other amounts to such new Principal Funding Account. Pursuant to the authority granted to the Servicer in subsection 3.01(b), the Servicer shall have the power, revocable by the Trustee, (i) to make withdrawals, or to instruct the Trustee to make withdrawals, from the Principal Funding Account from time to time, in the amounts and for the purposes set forth herein and (ii) on each Distribution Date (from and after the commencement of the Accumulation Period) prior to the termination of the Principal Funding Account, to make deposits, or to instruct the Trustee to make deposits, into the Principal Funding Account in the amounts specified in, and otherwise in accordance with, subsection 4.07(e).

Principal Funding Account. (a) The Seller hereby -------------------------- directs Indenture Trustee shall establish and maintain with an Eligible Institution, which may be the Indenture Trustee, in the name of the Trust, on behalf of the Trust, for the benefit of the Series 19972002-T Certificateholders1 Noteholders, to establish and maintain or cause to be established and maintained in the name of the Trustee, on behalf of the Series 1997-T Certificateholders, with an Eligible Institution (which initially shall be FNBC) a segregated trust account with the corporate trust department of such Eligible Institution (the "Principal Funding AccountPRINCIPAL FUNDING ACCOUNT"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Series 19972002-T Certificateholders1 Noteholders. The Indenture Trustee shall possess all right, title and interest in all Eligible Investments or other amounts funds on deposit from time to time in the Principal Funding Account and in all proceeds thereof. The Principal Funding Account shall be under the sole dominion and control of the Indenture Trustee for the benefit of the Series 19972002-T Certificateholders1 Noteholders. If, If at any time, time the institution holding the Principal Funding Account ceases to be an Eligible Institution, the Transferor shall notify the Indenture Trustee, and the Indenture Trustee upon being notified (or the Servicer on its behalf) shall shall, within 10 Business Days Days, (or such longer period as to which the Rating Agency has consented) establish a new Principal Funding Account meeting the conditions specified above with an Eligible Institution, and shall transfer any cash and/or or any Eligible Investments or other amounts investments to such new Principal Funding Account. Pursuant to the authority granted to the Servicer in subsection 3.01(b), the Servicer shall have the power, revocable by the The Indenture Trustee, at the direction of the Servicer, shall (i) to make withdrawals, or to instruct the Trustee to make withdrawals, withdrawals from the Principal Funding Account from time to time, in the amounts and for the purposes set forth herein in this Indenture Supplement, and (ii) on each Distribution Date (from and after the commencement of the Controlled Accumulation Period) prior to the termination of the Principal Funding Account, to make deposits, or to instruct the Trustee to make deposits, deposits into the Principal Funding Account in the amounts specified in, and otherwise in accordance with, subsection 4.07(e4.04(c)(i).

Principal Funding Account. (a) The Seller hereby -------------------------- directs Indenture Trustee shall establish and maintain with an Eligible Institution, which may be the Indenture Trustee, in the name of the Trust, on behalf of the Trust, for the benefit of the Series 19972002-T Certificateholders2 Noteholders, to establish and maintain or cause to be established and maintained in the name of the Trustee, on behalf of the Series 1997-T Certificateholders, with an Eligible Institution (which initially shall be FNBC) a segregated trust account with the corporate trust department of such Eligible Institution (the "Principal Funding AccountPRINCIPAL FUNDING ACCOUNT"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Series 19972002-T Certificateholders2 Noteholders. The Indenture Trustee shall possess all right, title and interest in all Eligible Investments or other amounts funds on deposit from time to time in the Principal Funding Account and in all proceeds thereof. The Principal Funding Account shall be under the sole dominion and control of the Indenture Trustee for the benefit of the Series 19972002-T Certificateholders2 Noteholders. If, If at any time, time the institution holding the Principal Funding Account ceases to be an Eligible Institution, the Transferor shall notify the Indenture Trustee, and the Indenture Trustee upon being notified (or the Servicer on its behalf) shall shall, within 10 Business Days Days, (or such longer period as to which the Rating Agency has consented) establish a new Principal Funding Account meeting the conditions specified above with an Eligible Institution, and shall transfer any cash and/or or any Eligible Investments or other amounts investments to such new Principal Funding Account. Pursuant to the authority granted to the Servicer in subsection 3.01(b), the Servicer shall have the power, revocable by the The Indenture Trustee, at the direction of the Servicer, shall (i) to make withdrawals, or to instruct the Trustee to make withdrawals, withdrawals from the Principal Funding Account from time to time, in the amounts and for the purposes set forth herein in this Indenture Supplement, and (ii) on each Distribution Date (from and after the commencement of the Controlled Accumulation Period) prior to the termination of the Principal Funding Account, to make deposits, or to instruct the Trustee to make deposits, deposits into the Principal Funding Account in the amounts specified in, and otherwise in accordance with, subsection 4.07(e4.04(c)(i).

Principal Funding Account. (a) The Seller hereby -------------------------- directs Indenture Trustee shall establish and maintain with an Eligible Institution, which may be the Indenture Trustee, in the name of the Trust, on behalf of the Trust, for the benefit of the Series 19972001-T CertificateholdersA Noteholders, to establish and maintain or cause to be established and maintained in the name of the Trustee, on behalf of the Series 1997-T Certificateholders, with an Eligible Institution (which initially shall be FNBC) a segregated trust account with the corporate trust department of such Eligible Institution (the "Principal Funding Account"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Series 19972001-T CertificateholdersA Noteholders. The Indenture Trustee shall possess all right, title and interest in all Eligible Investments or other amounts funds on deposit from time to time in the Principal Funding Account and in all proceeds thereof. The Principal Funding Account shall be under the sole dominion and control of the Indenture Trustee for the benefit of the Series 19972001-T CertificateholdersA Noteholders. If, If at any time, time the institution holding the Principal Funding Account ceases to be an Eligible Institution, the Transferors shall notify the Indenture Trustee, and the Indenture Trustee upon being notified (or the Servicer on its behalf) shall shall, within 10 Business Days Days, (or such longer period as to which the Rating Agency has consented) establish a new Principal Funding Account meeting the conditions specified above with an Eligible Institution, and shall transfer any cash and/or or any Eligible Investments or other amounts investments to such new Principal Funding Account. Pursuant to the authority granted to the Servicer in subsection 3.01(b), the Servicer shall have the power, revocable by the The Indenture Trustee, at the direction of the Servicer, shall (i) to make withdrawals, or to instruct the Trustee to make withdrawals, withdrawals from the Principal Funding Account from time to time, in the amounts and for the purposes set forth herein in this Indenture Supplement, and (ii) on each Distribution Payment Date (from and after the commencement of the Controlled Accumulation Period) prior to the termination of the Principal Funding Account, to make deposits, or to instruct the Trustee to make deposits, deposits into the Principal Funding Account in the amounts specified in, and otherwise in accordance with, subsection 4.07(e4.04(c)(i).

Principal Funding Account. (ass) The Seller hereby -------------------------- directs Trustee shall establish and maintain with a Qualified Institution, which may be the Trustee, in the name of the Trust, on behalf of the Trust, for the benefit of the Series 1997-T Investor Certificateholders, to establish and maintain or cause to be established and maintained in the name of the Trustee, on behalf of the Series 1997-T Certificateholders, with an Eligible Institution (which initially shall be FNBC) a segregated trust account with the corporate trust department of such Qualified Institution (the "Principal Funding Account"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Series 1997-T Investor Certificateholders. The Trustee shall possess all right, title and interest in all Eligible Investments or other amounts funds on deposit from time to time in the Principal Funding Account and in all proceeds thereof. The Principal Funding Account shall be under the sole dominion and control of the Trustee for the benefit of the Series 1997-T Investor Certificateholders. If, If at any time, time the institution holding the Principal Funding Account ceases to be an Eligible a Qualified Institution, the Seller shall notify the Trustee, and the Trustee upon being notified (or the Servicer on its behalf) shall shall, within 10 Business Days Days, establish a new Principal Funding Account meeting the conditions specified above with an Eligible a Qualified Institution, and shall transfer any cash and/or or any Eligible Investments or other amounts investments to such new Principal Funding Account. Pursuant to the authority granted to the Servicer in subsection 3.01(b), the Servicer shall have the power, revocable by the The Trustee, at the direction of the Servicer, shall (i) to make withdrawals, or to instruct the Trustee to make withdrawals, withdrawals from the Principal Funding Account from time to time, in the amounts and for the purposes set forth herein in this Series Supplement, and (ii) on each Distribution Transfer Date (from and after the commencement of the Controlled Accumulation Period) prior to the termination of the Principal Funding Account, to Account make deposits, or to instruct the Trustee to make deposits, a deposit into the Principal Funding Account in the amounts amount specified in, and otherwise in accordance with, subsection 4.07(e4.09(f).. (tt) Funds on deposit in the Principal Funding Account shall be invested at the direction of the Servicer by the Trustee in Permitted Investments. Funds on deposit in the Principal Funding Account on any Transfer Date, after giving effect to any withdrawals from the Principal Funding Account on such Transfer Date, shall be invested in such investments that will mature so that such funds will be available for withdrawal on or prior to the following Transfer Date. The Trustee shall maintain for the benefit of the Investor Certificateholders possession of the negotiable instruments or securities, if any, evidencing such Permitted Investments. No Permitted Investment shall be disposed of prior to its maturity. On the Transfer Date occurring in the month following the commencement of the Controlled Accumulation Period and on each Transfer Date thereafter with respect to the Controlled Accumulation Period and on the first Transfer Date with respect to the Rapid Amortization Period, the Trustee, acting at the Servicer's direction given on or before such Transfer Date, shall transfer from the Principal Funding Account to the Finance Charge Account the Principal Funding Investment Proceeds on deposit in the Principal Funding Account, but not in excess of the Covered Amount, for application in the following priority: (i) an amount up to that portion of the Covered Amount computed pursuant to clause (a) of the definition of Covered Amount shall be treated as Class A Available Funds to be applied pursuant to subsection 4.09(a)(i); and (ii) an amount up to that portion of the Covered Amount computed pursuant to clause (b) of the definition of Covered Amount shall be treated as Class B Available Funds to be applied pursuant to subsection 4.09(b)(i). Any Excess Principal Funding Investment Proceeds shall be paid to the Seller on each Transfer Date. An amount equal to any Principal Funding Investment Shortfall will be deposited in the Finance Charge Account on each Transfer Date from the Reserve Account to the extent funds are available pursuant to, and in accordance with, subsection 4.15(d). Principal Funding Investment Proceeds (including reinvested interest) shall not be considered part of the amounts on deposit in the Principal Funding Account for purposes of this Series Supplement. SECTION 4.15

Principal Funding Account. (ass) The Seller hereby -------------------------- directs Trustee shall establish and maintain with a Qualified Institution, which may be the Trustee, in the name of the Trust, on behalf of the Trust, for the benefit of the Series 1997-T Investor Certificateholders, to establish and maintain or cause to be established and maintained in the name of the Trustee, on behalf of the Series 1997-T Certificateholders, with an Eligible Institution (which initially shall be FNBC) a segregated trust account with the corporate trust department of such Qualified Institution (the "Principal Funding Account"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Series 1997-T Investor Certificateholders. The Trustee shall possess all right, title and interest in all Eligible Investments or other amounts funds on deposit from time to time in the Principal Funding Account and in all proceeds thereof. The Principal Funding Account shall be under the sole dominion and control of the Trustee for the benefit of the Series 1997-T Investor Certificateholders. If, If at any time, time the institution holding the Principal Funding Account ceases to be an Eligible a Qualified Institution, the Seller shall notify the Trustee, and the Trustee upon being notified (or the Servicer on its behalf) shall shall, within 10 Business Days Days, establish a new Principal Funding Account meeting the conditions specified above with an Eligible a Qualified Institution, and shall transfer any cash and/or or any Eligible Investments or other amounts investments to such new Principal Funding Account. Pursuant to the authority granted to the Servicer in subsection 3.01(b), the Servicer shall have the power, revocable by the The Trustee, at the direction of the Servicer, shall (i) to make withdrawals, or to instruct the Trustee to make withdrawals, withdrawals from the Principal Funding Account from time to time, in the amounts and for the purposes set forth herein in this Series Supplement, and (ii) on each Distribution Transfer Date (from and after the commencement of the Controlled Accumulation Period) prior to the termination of the Principal Funding Account, to Account make deposits, or to instruct the Trustee to make deposits, a deposit into the Principal Funding Account in the amounts amount specified in, and otherwise in accordance with, subsection 4.07(e4.09(f).. (tt) Funds on deposit in the Principal Funding Account shall be invested at the direction of the Servicer by the Trustee in Permitted Investments. Funds on deposit in the Principal Funding Account on any Transfer Date, after giving effect to any withdrawals from the Principal Funding Account on such Transfer Date, shall be invested in such investments that will mature so that such funds will be available for withdrawal on or prior to the following Transfer Date. The Trustee shall maintain for the benefit of the Investor Certificateholders possession of the negotiable instruments or securities, if any, evidencing such Permitted Investments. No Permitted Investment shall be disposed of prior to its maturity. On the Transfer Date occurring in the month following the commencement of the Controlled Accumulation Period and on each Transfer Date thereafter with respect to the Controlled Accumulation Period and on the first Transfer Date with respect to the Rapid Amortization Period, the Trustee, acting at the Servicer's direction given on or before such Transfer Date, shall transfer from the Principal Funding Account to the Finance Charge Account the Principal Funding Investment Proceeds on deposit in the Principal Funding Account, but not in excess of the Covered Amount, for application in the following priority:

Principal Funding Account. (a) The Seller hereby -------------------------- directs Indenture Trustee shall establish and maintain with an Eligible Institution, which may be the Indenture Trustee, in the name of the Trust, on behalf of the Trust, for the benefit of the Series 19972001-T Certificateholders1 Noteholders, to establish and maintain or cause to be established and maintained in the name of the Trustee, on behalf of the Series 1997-T Certificateholders, with an Eligible Institution (which initially shall be FNBC) a segregated trust account with the corporate trust department of such Eligible Institution (the "Principal Funding AccountPRINCIPAL FUNDING ACCOUNT"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Series 19972001-T Certificateholders1 Noteholders. The Indenture Trustee shall possess all right, title and interest in all Eligible Investments or other amounts funds on deposit from time to time in the Principal Funding Account and in all proceeds thereof. The Principal Funding Account shall be under the sole dominion and control of the Indenture Trustee for the benefit of the Series 19972001-T Certificateholders1 Noteholders. If, If at any time, time the institution holding the Principal Funding Account ceases to be an Eligible Institution, the Transferor shall notify the Indenture Trustee, and the Indenture Trustee upon being notified (or the Servicer on its behalf) shall shall, within 10 Business Days Days, (or such longer period as to which the Rating Agency has consented) establish a new Principal Funding Account meeting the conditions specified above with an Eligible Institution, and shall transfer any cash and/or or any Eligible Investments or other amounts investments to such new Principal Funding Account. Pursuant to the authority granted to the Servicer in subsection 3.01(b), the Servicer shall have the power, revocable by the The Indenture Trustee, at the direction of the Servicer, shall (i) to make withdrawals, or to instruct the Trustee to make withdrawals, withdrawals from the Principal Funding Account from time to time, in the amounts and for the purposes set forth herein in this Indenture Supplement, and (ii) on each Distribution Date (from and after the commencement of the Controlled Accumulation Period) prior to the termination of the Principal Funding Account, to make deposits, or to instruct the Trustee to make deposits, deposits into the Principal Funding Account in the amounts specified in, and otherwise in accordance with, subsection 4.07(e4.04(c)(i).

Principal Funding Account. (a) The Seller hereby -------------------------- directs Servicer shall establish, in the Trusteename of the Trust, on behalf of the Trust, for the benefit of the Series 19972002-T Certificateholders1 Certificateholders and the Collateral Interest Holder, to establish and maintain or cause to as their interests appear herein, a "PRINCIPAL FUNDING ACCOUNT" which shall be established and maintained in the name of the Trustee, on behalf of the Series 1997-T Certificateholders, with an Eligible Institution (which initially shall be FNBC) a segregated trust account (the "Principal Funding Deposit Account"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Series 19972002-T Certificateholders1 Certificateholders and the Collateral Interest Holder. The Trustee shall possess all right, title and interest in all Eligible Investments or other amounts funds on deposit from time to time in the Principal Funding Account and in all proceeds thereof. The Principal Funding Account shall be under the sole dominion and control of the Trustee for the benefit of the Series 19972002-T Certificateholders1 Certificateholders and the Collateral Interest Holder. If, If at any time, the institution holding time the Principal Funding Account ceases to be an Eligible InstitutionDeposit Account, the Trustee (or the Servicer on its behalf) shall shall, within 10 ten (10) Business Days (or such longer period, not to exceed thirty calendar days, as to which each Rating Agency shall consent) establish a new Principal Funding Account meeting the conditions specified above with as an Eligible InstitutionDeposit Account, and shall transfer any cash and/or or any Eligible Investments or other amounts investments to such new Principal Funding Account. Pursuant to the authority granted to the Servicer in subsection 3.01(b), the Servicer shall have the power, revocable by the The Trustee, at the direction of the Servicer, shall (i) to make withdrawals, or to instruct the Trustee to make withdrawals, withdrawals from the Principal Funding Account from time to time, in the amounts and for the purposes set forth herein in this Supplement, and (ii) on each Distribution Date (from and after the commencement of the Controlled Accumulation Period) prior to the termination of the Principal Funding Account, to Account make deposits, or to instruct the Trustee to make deposits, deposits into the Principal Funding Account in the amounts specified in, and otherwise in accordance with, subsection 4.07(eSECTION 4.05(e).

Principal Funding Account. (a) The Seller hereby -------------------------- directs Indenture Trustee shall establish and maintain with an Eligible Institution, which may be the Indenture Trustee, in the name of the Indenture Trustee, for the benefit of the Series 1997-T Certificateholders2003-[*] Noteholders, to establish and maintain or cause to be established and maintained in the name of the Trustee, on behalf of the Series 1997-T Certificateholders, with an Eligible Institution (which initially shall be FNBC) a segregated trust account with the corporate trust department of such Eligible Institution (the "Principal Funding Account"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Series 1997-T Certificateholders2003-[*] Noteholders. The Indenture Trustee shall possess all right, title and interest in all Eligible Investments or other amounts funds on deposit from time to time in the Principal Funding Account and in all proceeds thereof. The Principal Funding Account shall be under the sole dominion and control of the Indenture Trustee for the benefit of the Series 1997-T Certificateholders2003-[*] Noteholders. If, If at any time, time the institution holding the Principal Funding Account ceases to be an Eligible Institution, the Transferor shall notify the Indenture Trustee, and the Indenture Trustee upon being notified (or the Servicer on its behalf) shall shall, within 10 Business Days Days, (or such longer period as to which the Rating Agency has consented) establish a new Principal Funding Account meeting the conditions specified above with an Eligible Institution, and shall transfer any cash and/or or any Eligible Investments or other amounts investments to such new Principal Funding Account. Pursuant to the authority granted to the Servicer in subsection 3.01(b), the Servicer shall have the power, revocable by the The Indenture Trustee, at the direction of the Servicer, shall (i) to make withdrawals, or to instruct the Trustee to make withdrawals, withdrawals from the Principal Funding Account from time to time, in the amounts and for the purposes set forth herein in this Indenture Supplement, and (ii) on each Distribution Date (from and after the commencement of the Controlled Accumulation Period) prior to the termination of the Principal Funding Account, to make deposits, or to instruct the Trustee to make deposits, deposits into the Principal Funding Account in the amounts specified in, and otherwise in accordance with, subsection 4.07(e4.04(c)(i).

Principal Funding Account. (a) The Seller hereby -------------------------- directs Indenture Trustee shall establish and maintain with an Eligible Institution, which may be the Indenture Trustee, in the name of the Trust, on behalf of the Trust, for the benefit of the Series 1997-T Certificateholders2003-[ ] Noteholders, to establish and maintain or cause to be established and maintained in the name of the Trustee, on behalf of the Series 1997-T Certificateholders, with an Eligible Institution (which initially shall be FNBC) a segregated trust account with the corporate trust department of such Eligible Institution (the "Principal Funding AccountPRINCIPAL FUNDING ACCOUNT"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Series 1997-T Certificateholders2003-[ ] Noteholders. The Indenture Trustee shall possess all right, title and interest in all Eligible Investments or other amounts funds on deposit from time to time in the Principal Funding Account and in all proceeds thereof. The Principal Funding Account shall be under the sole dominion and control of the Indenture Trustee for the benefit of the Series 1997-T Certificateholders2003-[ ] Noteholders. If, If at any time, time the institution holding the Principal Funding Account ceases to be an Eligible Institution, the Transferor shall notify the Indenture Trustee, and the Indenture Trustee upon being notified (or the Servicer on its behalf) shall shall, within 10 Business Days Days, (or such longer period as to which the Rating Agency has consented) establish a new Principal Funding Account meeting the conditions specified above with an Eligible Institution, and shall transfer any cash and/or or any Eligible Investments or other amounts investments to such new Principal Funding Account. Pursuant to the authority granted to the Servicer in subsection 3.01(b), the Servicer shall have the power, revocable by the The Indenture Trustee, at the direction of the Servicer, shall (i) to make withdrawals, or to instruct the Trustee to make withdrawals, withdrawals from the Principal Funding Account from time to time, in the amounts and for the purposes set forth herein in this Indenture Supplement, and (ii) on each Distribution Date (from and after the commencement of the Controlled Accumulation Period) prior to the termination of the Principal Funding Account, to make deposits, or to instruct the Trustee to make deposits, deposits into the Principal Funding Account in the amounts specified in, and otherwise in accordance with, subsection 4.07(e4.04(c)(i).

Principal Funding Account. (a) The Seller hereby -------------------------- directs Trustee shall establish and maintain with a Qualified Institution, which may be the Trustee, in the name of the Trust, on behalf of the Trust, for the benefit of the Series 1997-T Investor Certificateholders, to establish and maintain or cause to be established and maintained in the name of the Trustee, on behalf of the Series 1997-T Certificateholders, with an Eligible Institution (which initially shall be FNBC) a segregated trust account (the "Principal Funding Account"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Series 1997-T Investor Certificateholders. The Trustee shall possess all right, title and interest in all Eligible Investments or other amounts funds on deposit from time to time in the Principal Funding Account and in all proceeds thereof. The Principal Funding Account shall be under the sole dominion and control of the Trustee for the benefit of the Series 1997-T Investor Certificateholders. If, If at any time, time the institution holding the Principal Funding Account ceases to be an Eligible a Qualified Institution, the Transferor shall notify the Trustee, and the Trustee upon being notified (or the Servicer on its behalf) shall shall, within 10 Business Days Days, establish a new Principal Funding Account meeting the conditions specified above with an Eligible a Qualified Institution, and shall transfer any cash and/or or any Eligible Investments or other amounts investments to such new Principal Funding Account. Pursuant to the authority granted to the Servicer in subsection 3.01(b), the Servicer shall have the power, revocable by the The Trustee, at the direction of the Servicer, shall (i) to make withdrawals, or to instruct the Trustee to make withdrawals, withdrawals from the Principal Funding Account from time to time, in the amounts and for the purposes set forth herein in this Series Supplement, and (ii) on each Distribution Transfer Date (from and after the commencement of the Controlled Accumulation Period) prior to the termination of the Principal Funding Account, to Account make deposits, or to instruct the Trustee to make deposits, a deposit into the Principal Funding Account in the amounts amount specified in, and otherwise in accordance with, subsection 4.07(e4.9(e). (b) Funds on deposit in the Principal Funding Account shall be invested at the direction of the Servicer by the Trustee in Permitted Investments. Funds on deposit in the Principal Funding Account on any Transfer Date, after giving effect to any withdrawals from the Principal Funding Account on such Transfer Date, shall be invested in such investments that will mature so that such funds will be available for withdrawal on or prior to the following Transfer Date. The Trustee shall maintain for the benefit of the Investor Certificateholders possession of the negotiable instruments or securities, if any, evidencing such Permitted Investments. No Permitted Investment shall be disposed of prior to its maturity. On the Transfer Date occurring in the month following the commencement of the Controlled Accumulation Period and on each Transfer Date thereafter with respect to the Controlled Accumulation Period, the Trustee, acting at the Servicer's direction given on or before such Transfer Date, shall transfer from the Principal Funding Account to the Finance Charge Account the Principal Funding Investment Proceeds on deposit in the Principal Funding Account, but not in excess of the Covered Amount, for application as Class A Available Funds applied pursuant to subsection 4.9(a)(i). Any Excess Principal Funding Investment Proceeds shall be paid to the Transferor on each Transfer Date. An amount equal to any Principal Funding Investment Shortfall shall be deposited in the Finance Charge Account on each Transfer Date from the Reserve Account to the extent funds are available pursuant to subsection 4.16(d). Principal Funding Investment Proceeds (including reinvested interest) shall not be considered part of the amounts on deposit in the Principal Funding Account for purposes of this Series Supplement.

Principal Funding Account. (a) The Seller hereby -------------------------- directs Indenture Trustee shall establish and maintain with an Eligible Institution, which may be the TrusteeIndenture Trustee in the name of the Trust, on behalf of the Trust, for the benefit of the Series 1997-T Certificateholders2000-_ Noteholders, to establish and maintain or cause to be established and maintained in the name of the Trustee, on behalf of the Series 1997-T Certificateholders, with an Eligible Institution (which initially shall be FNBC) a segregated trust account with the corporate trust department of such Eligible Institution (the "Principal Funding AccountPRINCIPAL FUNDING ACCOUNT"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Series 1997-T Certificateholders2000-_ Noteholders. The Indenture Trustee shall possess all right, title and interest in all Eligible Investments or other amounts funds on deposit from time to time in the Principal Funding Account and in all proceeds thereof. The Principal Funding Account shall be under the sole dominion and control of the Indenture Trustee for the benefit of the Series 1997-T Certificateholders2000-_ Noteholders. If, If at any time, time the institution holding the Principal Funding Account ceases to be an Eligible Institution, the Servicer shall notify the Indenture Trustee, and the Indenture Trustee upon being notified (or the Servicer on its behalf) shall shall, within 10 ten (10) Business Days Days, establish a new Principal Funding Account meeting the conditions specified above with an Eligible Institution, and shall transfer any cash and/or or any Eligible Investments or other amounts investments to such new Principal Funding Account. Pursuant to the authority granted to the Servicer in subsection 3.01(b), the Servicer shall have the power, revocable by the The Indenture Trustee, at the direction of the Servicer, shall (i) to make withdrawals, or to instruct the Trustee to make withdrawals, withdrawals from the Principal Funding Account from time to time, in the amounts and for the purposes set forth herein in this Indenture Supplement, and (ii) on each Distribution Date (from and after the commencement of the Controlled Accumulation Period) prior to the termination of the Principal Funding Account, to make deposits, or to instruct the Trustee to make deposits, deposits into the Principal Funding Account in the amounts specified in, and otherwise in accordance with, subsection 4.07(e4.04(c)(i).

Principal Funding Account. (a) The Seller hereby -------------------------- directs Indenture Trustee shall establish and maintain with an Eligible Institution, which may be the Indenture Trustee, in the name of the Trust, on behalf of the Trust, for the benefit of the Series 19972000-T Certificateholders1 Noteholders, to establish and maintain or cause to be established and maintained in the name of the Trustee, on behalf of the Series 1997-T Certificateholders, with an Eligible Institution (which initially shall be FNBC) a segregated trust account with the corporate trust department of such Eligible Institution (the "Principal Funding Account"), bearing a designation clearly ------------------------- indicating that the funds deposited therein are held for the benefit of the Series 19972000-T Certificateholders1 Noteholders. The Indenture Trustee shall possess all right, title and interest in all Eligible Investments or other amounts funds on deposit from time to time in the Principal Funding Account and in all proceeds thereof. The Principal Funding Account shall be under the sole dominion and control of the Indenture Trustee for the benefit of the Series 19972000-T Certificateholders1 Noteholders. If, If at any time, time the institution holding the Principal Funding Account ceases to be an Eligible Institution, the Transferor shall notify the Indenture Trustee, and the Indenture Trustee upon being notified (or the Servicer on its behalf) shall shall, within 10 Business Days Days, (or such longer period as to which the Rating Agency has consented) establish a new Principal Funding Account meeting the conditions specified above with an Eligible Institution, and shall transfer any cash and/or or any Eligible Investments or other amounts investments to such new Principal Funding Account. Pursuant to the authority granted to the Servicer in subsection 3.01(b), the Servicer shall have the power, revocable by the The Indenture Trustee, at the direction of the Servicer, shall (i) to make withdrawals, or to instruct the Trustee to make withdrawals, withdrawals from the Principal Funding Account from time to time, in the amounts and for the purposes set forth herein in this Indenture Supplement, and (ii) on each Distribution Date (from and after the commencement of the Controlled Accumulation Period) prior to the termination of the Principal Funding Account, to make deposits, or to instruct the Trustee to make deposits, deposits into the Principal Funding Account in the amounts specified in, and otherwise in accordance with, subsection 4.07(e4.04(c)(i).

Principal Funding Account. (a) The Seller hereby -------------------------- directs the ------------------------- Trustee, for the benefit of the Series 1997-T U Certificateholders, to establish and maintain or cause to be established and maintained in the name of the Trustee, on behalf of the Series 1997-T U Certificateholders, with an Eligible Institution (which initially shall be FNBC) a segregated trust account (the "Principal Funding Account"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Series 1997-T U Certificateholders. The Trustee shall possess all right, title and interest in all Eligible Investments or other amounts on deposit from time to time in the Principal Funding Account and in all proceeds thereof. The Principal Funding Account shall be under the sole dominion and control of the Trustee for the benefit of the Series 1997-T U Certificateholders. If, at any time, the institution holding the Principal Funding Account ceases to be an Eligible Institution, the Trustee (or the Servicer on its behalf) shall within 10 Business Days establish a new Principal Funding Account meeting the conditions specified above with an Eligible Institution, and shall transfer any cash and/or any Eligible Investments or other amounts to such new Principal Funding Account. Pursuant to the authority granted to the Servicer in subsection 3.01(b), the Servicer shall have the power, revocable by the Trustee, (i) to make withdrawals, or to instruct the Trustee to make withdrawals, from the Principal Funding Account from time to time, in the amounts and for the purposes set forth herein and (ii) on each Distribution Date (from and after the commencement of the Accumulation Period) prior to the termination of the Principal Funding Account, to make deposits, or to instruct the Trustee to make deposits, into the Principal Funding Account in the amounts specified in, and otherwise in accordance with, subsection 4.07(e).