Reserve Account. (a) On the Closing Date, the Seller shall deposit the Specified Reserve Balance into the Reserve Account. Amounts held from time to time in the Reserve Account shall be held by the Trust Collateral Agent for the benefit of the Noteholders.
Appears in 110 contracts
Samples: Sale and Servicing (GM Financial Consumer Automobile Receivables Trust 2024-2), Sale and Servicing (GM Financial Consumer Automobile Receivables Trust 2024-2), Sale and Servicing (GM Financial Consumer Automobile Receivables Trust 2024-1)
Reserve Account. (a) (i) On the Closing Date, the Seller shall deposit the Specified Reserve Balance into the Reserve Account. Amounts held from time to time in the Reserve Account shall be held by the Trust Collateral Agent Indenture Trustee for the benefit of the Noteholders.
Appears in 32 contracts
Samples: Sale and Servicing Agreement (Exeter Automobile Receivables Trust 2024-2), Sale and Servicing Agreement (Exeter Automobile Receivables Trust 2024-1), Form of Sale and Servicing Agreement (Exeter Automobile Receivables Trust 2024-1)
Reserve Account. (ai) On the Closing Date, the Seller shall deposit the Specified Reserve Balance into the Reserve Account. Amounts held from time to time in the Reserve Account shall be held by the Trust Collateral Agent for the benefit of the Noteholders.
Appears in 22 contracts
Samples: Sale and Servicing (AFS SenSub Corp.), Sale and Servicing (Americredit Automobile Receivables Trust 2012-2), Sale and Servicing (Americredit Automobile Receivables Trust 2011-5)
Reserve Account. (a) On the Closing Date, the Seller shall deposit the Specified Reserve Balance into the Reserve Account. Amounts held from time to time in the Reserve Account shall be held by direct the Trust Collateral Agent for in writing to deposit to the benefit of Reserve Account a cash amount equal to the NoteholdersReserve Account Requirement.
Appears in 16 contracts
Samples: Sale and Servicing Agreement (Credit Acceptance Corp), Sale and Servicing Agreement (Credit Acceptance Corp), Sale and Servicing Agreement (Credit Acceptance Corp)
Reserve Account. (a) (i) On the Closing Date, the Seller shall deposit the Specified Reserve Balance into the Reserve Account. Amounts held from time to time in the Reserve Account shall be held by the Trust Collateral Agent for the benefit of the Noteholders.
Appears in 6 contracts
Samples: Sale and Servicing (Americredit Automobile Receivables Trust 2012-1), Sale and Servicing (General Motors Financial Company, Inc.), Sale and Servicing (Americredit Automobile Receivables Trust 2011-4)
Reserve Account. (a) On the Closing Date, the Seller shall deposit the Specified Reserve Balance into the Reserve Account. Amounts held from time to time in the Reserve Account shall be held by the Trust Collateral Agent Indenture Trustee for the benefit of the Noteholders.
Appears in 5 contracts
Samples: Sale and Servicing Agreement (Exeter Automobile Receivables Trust 2024-3), Sale and Servicing Agreement (Exeter Automobile Receivables Trust 2024-3), Sale and Servicing Agreement (Exeter Automobile Receivables Trust 2024-2)
Reserve Account. (a) (i) On the Closing Date, the Seller shall deposit the Specified Reserve Balance Initial Deposit into the Reserve Account. Amounts held from time to time in the Reserve Account shall be held by the Trust Collateral Agent Indenture Trustee for the benefit of the Noteholders.
Appears in 4 contracts
Samples: Sale and Servicing Agreement (Chevy Chase Bank FSB), Sale and Servicing Agreement (Chevy Chase Bank FSB), Sale and Servicing Agreement (Chevy Chase Bank FSB)
Reserve Account. (a) On the Closing Date, the Seller shall deposit the Specified Reserve Balance into the Reserve Account. Amounts held from time to time in the Reserve Account shall be held by in the name of the Trust Collateral Agent for the benefit of the Noteholders.
Appears in 1 contract
Samples: Sale and Servicing (AmeriCredit Automobile Receivables Trust 2024-1)
