Common use of Reserve Account Clause in Contracts

Reserve Account. (a) There shall be established in the name of and maintained with the Indenture Trustee for the benefit of the Noteholders an Eligible Deposit Account known as the Ally Auto Receivables Trust 20[ ]-[ ] Reserve Account (the “Reserve Account”) to include the money and other property deposited and held therein pursuant to this Section 4.07(a) and Section 4.06(c). On the Closing Date, the Depositor shall [cause the purchaser of the Notes to transfer an amount equal to] [deposit] the Reserve Account [Initial] Deposit in immediately available funds into the Reserve Account. The Reserve Account shall constitute property of the Issuing Entity.

Appears in 5 contracts

Samples: Servicing Agreement (Ally Auto Assets LLC), Servicing Agreement (Ally Auto Assets LLC), Servicing Agreement (Ally Auto Assets LLC)

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Reserve Account. (a) There shall be established in the name of and maintained with the Indenture Trustee for the benefit of the Noteholders an Eligible Deposit Account known as the Ally Auto Receivables Trust 20[ ]2017-[ ] 5 Reserve Account (the “Reserve Account”) to include the money and other property deposited and held therein pursuant to this Section 4.07(a) and Section 4.06(c). On the Closing Date, the Depositor shall [cause the purchaser of the Notes to transfer an amount equal to] [deposit] to the Reserve Account [Initial] Deposit in immediately available funds into the Reserve Account. The Reserve Account shall constitute property of the Issuing Entity.

Appears in 3 contracts

Samples: Servicing Agreement, Servicing Agreement (Ally Auto Receivables Trust 2017-5), Servicing Agreement (Ally Auto Receivables Trust 2017-5)

Reserve Account. (a) There shall be established in the name of and maintained with the Indenture Trustee for the benefit of the Noteholders an Eligible Deposit Account known as the Ally Auto Receivables Trust 20[ ]2010-[ ] 3 Reserve Account (the “Reserve Account”) to include the money and other property deposited and held therein pursuant to this Section 4.07(a) and Section 4.06(c). On the Closing Date, the Depositor shall [cause the purchaser of the Notes to transfer an amount equal to] [deposit] deposit the Reserve Account [Initial] Deposit in immediately available funds into the Reserve Account. The Reserve Account shall constitute property of the Issuing Entity.

Appears in 3 contracts

Samples: Sale and Servicing Agreement, Trust Sale and Servicing Agreement (Ally Auto Receivables Trust 2010-3), Trust Sale and Servicing Agreement (Ally Auto Receivables Trust 2010-3)

Reserve Account. (a) There shall be established in the name of and maintained with the Indenture Trustee for the benefit of the Noteholders an Eligible Deposit Account known as the Ally Capital Auto Receivables Asset Trust 20[ ]2016-[ ] 2 Reserve Account (the “Reserve Account”) to include the money and other property deposited and held therein pursuant to this Section 4.07(a) and Section 4.06(c). On the Closing Date, the Depositor shall [cause the purchaser of the Notes to transfer an amount equal to] [deposit] deposit the Reserve Account [Initial] Initial Deposit in immediately available funds into the Reserve Account. The Reserve Account shall constitute property of the Issuing Entity.

Appears in 3 contracts

Samples: Trust Sale and Servicing Agreement, Trust Sale and Servicing Agreement (Capital Auto Receivables Asset Trust 2016-2), Trust Sale and Servicing Agreement (Capital Auto Receivables Asset Trust 2016-2)

Reserve Account. (a) There shall be established in the name of and maintained with the Indenture Trustee for the benefit of the Noteholders an Eligible Deposit Account known as the Ally Auto Receivables Trust 20[ ]2014-[ ] 3 Reserve Account (the “Reserve Account”) to include the money and other property deposited and held therein pursuant to this Section 4.07(a) and Section 4.06(c). On the Closing Date, the Depositor shall [cause the purchaser of the Notes to transfer an amount equal to] [deposit] to the Reserve Account [Initial] Deposit in immediately available funds into the Reserve Account. The Reserve Account shall constitute property of the Issuing Entity.

Appears in 2 contracts

Samples: Servicing Agreement (Ally Auto Assets LLC), Servicing Agreement (Ally Auto Receivables Trust 2014-3)

Reserve Account. (a) There shall be established in the name of and maintained with the Indenture Trustee for the benefit of the Noteholders an Eligible Deposit Account known as the Ally Capital Auto Receivables Asset Trust 20[ ]2015-[ ] 3 Reserve Account (the “Reserve Account”) to include the money and other property deposited and held therein pursuant to this Section 4.07(a), Section 4.06(c) and Section 4.06(c4.06(d). On the Initial Closing Date, the Depositor shall [cause the purchaser of the Notes to transfer an amount equal to] [deposit] deposit the Reserve Account [Initial] Initial Deposit in immediately available funds into the Reserve Account. The Reserve Account shall constitute property of the Issuing Entity.

Appears in 2 contracts

Samples: Trust Sale and Servicing Agreement (Capital Auto Receivables Asset Trust 2015-3), Trust Sale and Servicing Agreement (Capital Auto Receivables Asset Trust 2015-3)

Reserve Account. (a) There shall be established in the name of and maintained with the Indenture Trustee for the benefit of the Noteholders an Eligible Deposit Account known as the Ally Auto Receivables Trust 20[ ]2012-[ ] 3 Reserve Account (the “Reserve Account”) to include the money and other property deposited and held therein pursuant to this Section 4.07(a) and Section 4.06(c). On the Closing Date, the Depositor shall [cause the purchaser of the Notes to transfer an amount equal to] [deposit] to the Reserve Account [Initial] Deposit in immediately available funds into the Reserve Account. The Reserve Account shall constitute property of the Issuing Entity.

Appears in 2 contracts

Samples: Servicing Agreement (Ally Auto Receivables Trust 2012-3), Servicing Agreement (Ally Auto Receivables Trust 2012-3)

Reserve Account. (a) There shall be established in the name of and maintained with the Indenture Trustee for the benefit of the Noteholders an Eligible Deposit Account known as the Ally Auto Receivables Trust 20[ ]2017-[ ] 3 Reserve Account (the “Reserve Account”) to include the money and other property deposited and held therein pursuant to this Section 4.07(a) and Section 4.06(c). On the Closing Date, the Depositor shall [cause the purchaser of the Notes to transfer an amount equal to] [deposit] to the Reserve Account [Initial] Deposit in immediately available funds into the Reserve Account. The Reserve Account shall constitute property of the Issuing Entity.

Appears in 2 contracts

Samples: Servicing Agreement (Ally Auto Receivables Trust 2017-3), Servicing Agreement (Ally Auto Receivables Trust 2017-3)

Reserve Account. (a) There shall be established with U.S. Bank National Association, in the name of and maintained with the Indenture Trustee for the benefit of the Noteholders an Eligible Deposit Account known as the Ally Auto Receivables Trust 20[ ]2022-[ ] 2 Reserve Account (the “Reserve Account”) to include the money and other property deposited and held therein pursuant to this Section 4.07(a) and Section 4.06(c). On the Closing Date, the Depositor shall [cause the purchaser of the Notes to transfer an amount equal to] [deposit] to the Reserve Account [Initial] Deposit in immediately available funds into the Reserve Account. The Reserve Account shall constitute property of the Issuing Entity.

Appears in 2 contracts

Samples: Servicing Agreement (Ally Auto Receivables Trust 2022-2), Servicing Agreement (Ally Auto Receivables Trust 2022-2)

Reserve Account. (a) There shall be established in the name of and maintained with the Indenture Trustee for the benefit of the Noteholders an Eligible Deposit Account known as the Ally Auto Receivables Trust 20[ ]2018-[ ] 3 Reserve Account (the “Reserve Account”) to include the money and other property deposited and held therein pursuant to this Section 4.07(a) and Section 4.06(c). On the Closing Date, the Depositor shall [cause the purchaser of the Notes to transfer an amount equal to] [deposit] to the Reserve Account [Initial] Deposit in immediately available funds into the Reserve Account. The Reserve Account shall constitute property of the Issuing Entity.

Appears in 2 contracts

Samples: Servicing Agreement (Ally Auto Receivables Trust 2018-3), Servicing Agreement (Ally Auto Receivables Trust 2018-3)

Reserve Account. (a) There shall be established in the name of and maintained with the Indenture Trustee for the benefit of the Noteholders an Eligible Deposit Account known as the Ally Auto Receivables Trust 20[ ]2016-[ ] 3 Reserve Account (the “Reserve Account”) to include the money and other property deposited and held therein pursuant to this Section 4.07(a) and Section 4.06(c). On the Closing Date, the Depositor shall [cause the purchaser of the Notes to transfer an amount equal to] [deposit] to the Reserve Account [Initial] Deposit in immediately available funds into the Reserve Account. The Reserve Account shall constitute property of the Issuing Entity.

Appears in 2 contracts

Samples: Servicing Agreement (Ally Auto Receivables Trust 2016-3), Servicing Agreement (Ally Auto Receivables Trust 2016-3)

Reserve Account. (a) There shall be established with U.S. Bank National Association, in the name of and maintained with the Indenture Trustee for the benefit of the Noteholders an Eligible Deposit Account known as the Ally Auto Receivables Trust 20[ ]2023-[ ] 1 Reserve Account (the “Reserve Account”) to include the money and other property deposited and held therein pursuant to this Section 4.07(a) and Section 4.06(c). On the Closing Date, the Depositor shall [cause the purchaser of the Notes to transfer an amount equal to] [deposit] to the Reserve Account [Initial] Deposit in immediately available funds into the Reserve Account. The Reserve Account shall constitute property of the Issuing Entity.

Appears in 2 contracts

Samples: Servicing Agreement (Ally Auto Receivables Trust 2023-1), Servicing Agreement (Ally Auto Receivables Trust 2023-1)

Reserve Account. (a) There shall be established in the name of and maintained with the Indenture Trustee for the benefit of the Noteholders an Eligible Deposit Account known as the Ally Auto Receivables Trust 20[ ]2010-[ ] 5 Reserve Account (the “Reserve Account”) to include the money and other property deposited and held therein pursuant to this Section 4.07(a) and Section 4.06(c). On the Closing Date, the Depositor shall [cause the purchaser of the Notes to transfer an amount equal to] [deposit] deposit the Reserve Account [Initial] Deposit in immediately available funds into the Reserve Account. The Reserve Account shall constitute property of the Issuing Entity.

Appears in 2 contracts

Samples: Trust Sale and Servicing Agreement (Ally Auto Receivables Trust 2010-5), Trust Sale and Servicing Agreement (Ally Auto Receivables Trust 2010-5)

Reserve Account. (a) There shall be established in the name of and maintained with the Indenture Trustee for the benefit of the Noteholders an Eligible Deposit Account known as the Ally Auto Receivables Trust 20[ ]2019-[ ] 1 Reserve Account (the “Reserve Account”) to include the money and other property deposited and held therein pursuant to this Section 4.07(a) and Section 4.06(c). On the Closing Date, the Depositor shall [cause the purchaser of the Notes to transfer an amount equal to] [deposit] to the Reserve Account [Initial] Deposit in immediately available funds into the Reserve Account. The Reserve Account shall constitute property of the Issuing Entity.

Appears in 2 contracts

Samples: Servicing Agreement (Ally Auto Receivables Trust 2019-1), Servicing Agreement (Ally Auto Receivables Trust 2019-1)

Reserve Account. (a) There shall be established in the name of and maintained with the Indenture Trustee for the benefit of the Noteholders an Eligible Deposit Account known as the Ally Auto Receivables Trust 20[ ]2013-[ ] 2 Reserve Account (the “Reserve Account”) to include the money and other property deposited and held therein pursuant to this Section 4.07(a) and Section 4.06(c). On the Closing Date, the Depositor shall [cause the purchaser of the Notes to transfer an amount equal to] [deposit] to the Reserve Account [Initial] Deposit in immediately available funds into the Reserve Account. The Reserve Account shall constitute property of the Issuing Entity.

Appears in 2 contracts

Samples: Servicing Agreement (Ally Auto Assets LLC), Servicing Agreement (Ally Auto Receivables Trust 2013-2)

Reserve Account. (a) There shall be established in the name of and maintained with the Indenture Trustee for the benefit of the Noteholders an Eligible Deposit Account known as the Ally Auto Receivables Trust 20[ ]2012-[ ] 4 Reserve Account (the “Reserve Account”) to include the money and other property deposited and held therein pursuant to this Section 4.07(a) and Section 4.06(c). On the Closing Date, the Depositor shall [cause the purchaser of the Notes to transfer an amount equal to] [deposit] to the Reserve Account [Initial] Deposit in immediately available funds into the Reserve Account. The Reserve Account shall constitute property of the Issuing Entity.

Appears in 2 contracts

Samples: Servicing Agreement (Ally Auto Receivables Trust 2012-4), Servicing Agreement (Ally Auto Receivables Trust 2012-4)

Reserve Account. (a) There shall be established in the name of and maintained with the Indenture Trustee for the benefit of the Noteholders an Eligible Deposit Account known as the Ally Capital Auto Receivables Asset Trust 20[ ]-[ ] Reserve Account (the “Reserve Account”) to include the money and other property deposited and held therein pursuant to this Section 4.07(a), Section 4.06(c) and Section 4.06(c4.06(d). On the [Initial] Closing Date, the Depositor shall [cause the purchaser of the Notes to transfer an amount equal to] [deposit] deposit the Reserve Account [Initial] Deposit in immediately available funds into the Reserve Account. The Reserve Account shall constitute property of the Issuing Entity.

Appears in 2 contracts

Samples: Trust Sale and Servicing Agreement (Capital Auto Receivables LLC), Trust Sale and Servicing Agreement (Capital Auto Receivables LLC)

Reserve Account. (a) There shall be established in the name of and maintained with the Indenture Trustee for the benefit of the Noteholders an Eligible Deposit Account known as the Ally Capital Auto Receivables Asset Trust 20[ ]2013-[ ] 4 Reserve Account (the “Reserve Account”) to include the money and other property deposited and held therein pursuant to this Section 4.07(a), Section 4.06(c) and Section 4.06(c4.06(d). On the Initial Closing Date, the Depositor shall [cause the purchaser of the Notes to transfer an amount equal to] [deposit] deposit the Reserve Account [Initial] Initial Deposit in immediately available funds into the Reserve Account. The Reserve Account shall constitute property of the Issuing Entity.

Appears in 2 contracts

Samples: Trust Sale and Servicing Agreement (Capital Auto Receivables Asset Trust 2013-4), Trust Sale and Servicing Agreement (Capital Auto Receivables Asset Trust 2013-4)

Reserve Account. (a) There shall be established in the name of and maintained with the Indenture Trustee for the benefit of the Noteholders an Eligible Deposit Account known as the Ally Auto Receivables Trust 20[ ]2012-[ ] 2 Reserve Account (the “Reserve Account”) to include the money and other property deposited and held therein pursuant to this Section 4.07(a) and Section 4.06(c). On the Closing Date, the Depositor shall [cause the purchaser of the Notes to transfer an amount equal to] [deposit] to the Reserve Account [Initial] Deposit in immediately available funds into the Reserve Account. The Reserve Account shall constitute property of the Issuing Entity.

Appears in 2 contracts

Samples: Servicing Agreement (Ally Auto Receivables Trust 2012-2), Servicing Agreement (Ally Auto Receivables Trust 2012-2)

Reserve Account. (a) There shall be established in the name of and maintained with the Indenture Trustee for the benefit of the Noteholders an Eligible Deposit Account known as the Ally Capital Auto Receivables Asset Trust 20[ ]2014-[ ] 1 Reserve Account (the “Reserve Account”) to include the money and other property deposited and held therein pursuant to this Section 4.07(a), Section 4.06(c) and Section 4.06(c4.06(d). On the Initial Closing Date, the Depositor shall [cause the purchaser of the Notes to transfer an amount equal to] [deposit] deposit the Reserve Account [Initial] Initial Deposit in immediately available funds into the Reserve Account. The Reserve Account shall constitute property of the Issuing Entity.

Appears in 2 contracts

Samples: Trust Sale and Servicing Agreement (Capital Auto Receivables Asset Trust 2014-1), Trust Sale and Servicing Agreement (Capital Auto Receivables Asset Trust 2014-1)

Reserve Account. (a) There shall be established in the name of and maintained with the Indenture Trustee for the benefit of the Noteholders an Eligible Deposit Account known as the Ally Capital Auto Receivables Asset Trust 20[ ]2016-[ ] 3 Reserve Account (the “Reserve Account”) to include the money and other property deposited and held therein pursuant to this Section 4.07(a) and Section 4.06(c). On the Closing Date, the Depositor shall [cause the purchaser of the Notes to transfer an amount equal to] [deposit] deposit the Reserve Account [Initial] Initial Deposit in immediately available funds into the Reserve Account. The Reserve Account shall constitute property of the Issuing Entity.

Appears in 2 contracts

Samples: Trust Sale and Servicing Agreement (Capital Auto Receivables Asset Trust 2016-3), Trust Sale and Servicing Agreement (Capital Auto Receivables Asset Trust 2016-3)

Reserve Account. (a) There shall be established in the name of and maintained with the Indenture Trustee for the benefit of the Noteholders an Eligible Deposit Account known as the Ally Auto Receivables Trust 20[ ]2012-[ ] 5 Reserve Account (the “Reserve Account”) to include the money and other property deposited and held therein pursuant to this Section 4.07(a) and Section 4.06(c). On the Closing Date, the Depositor shall [cause the purchaser of the Notes to transfer an amount equal to] [deposit] to the Reserve Account [Initial] Deposit in immediately available funds into the Reserve Account. The Reserve Account shall constitute property of the Issuing Entity.

Appears in 2 contracts

Samples: Servicing Agreement (Ally Auto Receivables Trust 2012-5), Servicing Agreement (Ally Auto Receivables Trust 2012-5)

Reserve Account. (a) There shall be established with U.S. Bank National Association, in the name of and maintained with the Indenture Trustee for the benefit of the Noteholders an Eligible Deposit Account known as the Ally Auto Receivables Trust 20[ ]2022-[ ] 1 Reserve Account (the “Reserve Account”) to include the money and other property deposited and held therein pursuant to this Section 4.07(a) and Section 4.06(c). On the Closing Date, the Depositor shall [cause the purchaser of the Notes to transfer an amount equal to] [deposit] to the Reserve Account [Initial] Deposit in immediately available funds into the Reserve Account. The Reserve Account shall constitute property of the Issuing Entity.

Appears in 2 contracts

Samples: Servicing Agreement (Ally Auto Receivables Trust 2022-1), Servicing Agreement (Ally Auto Receivables Trust 2022-1)

Reserve Account. (a) There shall be established in the name of and maintained with the Indenture Trustee for the benefit of the Noteholders an Eligible Deposit Account known as the Ally Auto Receivables Trust 20[ ]2017-[ ] 4 Reserve Account (the “Reserve Account”) to include the money and other property deposited and held therein pursuant to this Section 4.07(a) and Section 4.06(c). On the Closing Date, the Depositor shall [cause the purchaser of the Notes to transfer an amount equal to] [deposit] to the Reserve Account [Initial] Deposit in immediately available funds into the Reserve Account. The Reserve Account shall constitute property of the Issuing Entity.

Appears in 2 contracts

Samples: Servicing Agreement (Ally Auto Receivables Trust 2017-4), Servicing Agreement (Ally Auto Receivables Trust 2017-4)

Reserve Account. (a) There shall be established in the name of and maintained with the Indenture Trustee for the benefit of the Noteholders an Eligible Deposit Account known as the Ally Capital Auto Receivables Asset Trust 20[ ]2013-[ ] 1 Reserve Account (the “Reserve Account”) to include the money and other property deposited and held therein pursuant to this Section 4.07(a), Section 4.06(c) and Section 4.06(c4.06(d). On the Initial Closing Date, the Depositor shall [cause the purchaser of the Notes to transfer an amount equal to] [deposit] deposit the Reserve Account [Initial] Initial Deposit in immediately available funds into the Reserve Account. The Reserve Account shall constitute property of the Issuing Entity.

Appears in 2 contracts

Samples: Trust Sale and Servicing Agreement (Capital Auto Receivables Asset Trust 2013-1), Trust Sale and Servicing Agreement (Capital Auto Receivables Asset Trust 2013-1)

Reserve Account. (a) There shall be established in the name of and maintained with the Indenture Trustee for the benefit of the Noteholders an Eligible Deposit Account known as the Ally Capital Auto Receivables Asset Trust 20[ ]2015-[ ] 2 Reserve Account (the “Reserve Account”) to include the money and other property deposited and held therein pursuant to this Section 4.07(a), Section 4.06(c) and Section 4.06(c4.06(d). On the Initial Closing Date, the Depositor shall [cause the purchaser of the Notes to transfer an amount equal to] [deposit] deposit the Reserve Account [Initial] Initial Deposit in immediately available funds into the Reserve Account. The Reserve Account shall constitute property of the Issuing Entity.

Appears in 2 contracts

Samples: Trust Sale and Servicing Agreement (Capital Auto Receivables Asset Trust 2015-2), Trust Sale and Servicing Agreement (Capital Auto Receivables Asset Trust 2015-2)

Reserve Account. (a) There shall be established in the name of and maintained with the Indenture Trustee for the benefit of the Noteholders an Eligible Deposit Account known as the Ally Auto Receivables Trust 20[ ]2011-[ ] 2 Reserve Account (the “Reserve Account”) to include the money and other property deposited and held therein pursuant to this Section 4.07(a) and Section 4.06(c). On the Closing Date, the Depositor shall [cause the purchaser of the Notes to transfer an amount equal to] [deposit] to the Reserve Account [Initial] Deposit in immediately available funds into the Reserve Account. The Reserve Account shall constitute property of the Issuing Entity.

Appears in 2 contracts

Samples: Servicing Agreement (Ally Auto Receivables Trust 2011-2), Servicing Agreement (Ally Auto Receivables Trust 2011-2)

Reserve Account. (a) There shall be established in the name of and maintained with the Indenture Trustee for the benefit of the Noteholders an Eligible Deposit Account known as the Ally Auto Receivables Trust 20[ ]2011-[ ] 4 Reserve Account (the “Reserve Account”) to include the money and other property deposited and held therein pursuant to this Section 4.07(a) and Section 4.06(c). On the Closing Date, the Depositor shall [cause the purchaser of the Notes to transfer an amount equal to] [deposit] to the Reserve Account [Initial] Deposit in immediately available funds into the Reserve Account. The Reserve Account shall constitute property of the Issuing Entity.

Appears in 2 contracts

Samples: Servicing Agreement (Ally Auto Receivables Trust 2011-4), Servicing Agreement (Ally Auto Receivables Trust 2011-4)

Reserve Account. (a) There shall be established in the name of and maintained with the Indenture Trustee for the benefit of the Noteholders an Eligible Deposit Account known as the Ally Capital Auto Receivables Asset Trust 20[ ]2013-[ ] 3 Reserve Account (the “Reserve Account”) to include the money and other property deposited and held therein pursuant to this Section 4.07(a), Section 4.06(c) and Section 4.06(c4.06(d). On the Initial Closing Date, the Depositor shall [cause the purchaser of the Notes to transfer an amount equal to] [deposit] deposit the Reserve Account [Initial] Initial Deposit in immediately available funds into the Reserve Account. The Reserve Account shall constitute property of the Issuing Entity.

Appears in 2 contracts

Samples: Trust Sale and Servicing Agreement (Capital Auto Receivables Asset Trust 2013-3), Trust Sale and Servicing Agreement (Capital Auto Receivables Asset Trust 2013-3)

Reserve Account. (a) There shall be established in the name of and maintained with the Indenture Trustee for the benefit of the Noteholders an Eligible Deposit Account known as the Ally Auto Receivables Trust 20[ ]2011-[ ] 5 Reserve Account (the “Reserve Account”) to include the money and other property deposited and held therein pursuant to this Section 4.07(a) and Section 4.06(c). On the Closing Date, the Depositor shall [cause the purchaser of the Notes to transfer an amount equal to] [deposit] to the Reserve Account [Initial] Deposit in immediately available funds into the Reserve Account. The Reserve Account shall constitute property of the Issuing Entity.

Appears in 2 contracts

Samples: Servicing Agreement (Ally Auto Receivables Trust 2011-5), Servicing Agreement (Ally Auto Receivables Trust 2011-5)

Reserve Account. (a) There shall be established in the name of and maintained with the Indenture Trustee for the benefit of the Noteholders an Eligible Deposit Account known as the Ally Auto Receivables Trust 20[ ]2015-[ ] 2 Reserve Account (the “Reserve Account”) to include the money and other property deposited and held therein pursuant to this Section 4.07(a) and Section 4.06(c). On the Closing Date, the Depositor shall [cause the purchaser of the Notes to transfer an amount equal to] [deposit] to the Reserve Account [Initial] Deposit in immediately available funds into the Reserve Account. The Reserve Account shall constitute property of the Issuing Entity.

Appears in 2 contracts

Samples: Servicing Agreement (Ally Auto Receivables Trust 2015-2), Servicing Agreement (Ally Auto Receivables Trust 2015-2)

Reserve Account. (a) There shall be established in the name of and maintained with the Indenture Trustee for the benefit of the Noteholders an Eligible Deposit Account known as the Ally Auto Receivables Trust 20[ ]2011-[ ] 1 Reserve Account (the “Reserve Account”) to include the money and other property deposited and held therein pursuant to this Section 4.07(a) and Section 4.06(c). On the Closing Date, the Depositor shall [cause the purchaser of the Notes to transfer an amount equal to] [deposit] to the Reserve Account [Initial] Deposit in immediately available funds into the Reserve Account. The Reserve Account shall constitute property of the Issuing Entity.

Appears in 2 contracts

Samples: Servicing Agreement (Ally Auto Receivables Trust 2011-1), Servicing Agreement (Ally Auto Receivables Trust 2011-1)

Reserve Account. (a) There shall be established in the name of and maintained with the Indenture Trustee for the benefit of the Noteholders an Eligible Deposit Account known as the Ally Auto Receivables Trust 20[ ]2015-[ ] 1 Reserve Account (the “Reserve Account”) to include the money and other property deposited and held therein pursuant to this Section 4.07(a) and Section 4.06(c). On the Closing Date, the Depositor shall [cause the purchaser of the Notes to transfer an amount equal to] [deposit] to the Reserve Account [Initial] Deposit in immediately available funds into the Reserve Account. The Reserve Account shall constitute property of the Issuing Entity.

Appears in 2 contracts

Samples: Servicing Agreement (Ally Auto Receivables Trust 2015-1), Servicing Agreement (Ally Auto Receivables Trust 2015-1)

Reserve Account. (a) There shall be established in the name of and maintained with the Indenture Trustee for the benefit of the Noteholders an Eligible Deposit Account known as the Ally Auto Receivables Trust 20[ ]2019-[ ] 2 Reserve Account (the “Reserve Account”) to include the money and other property deposited and held therein pursuant to this Section 4.07(a) and Section 4.06(c). On the Closing Date, the Depositor shall [cause the purchaser of the Notes to transfer an amount equal to] [deposit] to the Reserve Account [Initial] Deposit in immediately available funds into the Reserve Account. The Reserve Account shall constitute property of the Issuing Entity.

Appears in 2 contracts

Samples: Servicing Agreement (Ally Auto Receivables Trust 2019-2), Servicing Agreement (Ally Auto Receivables Trust 2019-2)

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Reserve Account. (a) There shall be established in the name of and maintained with the Indenture Trustee for the benefit of the Noteholders an Eligible Deposit Account known as the Ally Auto Receivables Trust 20[ ]2011-[ ] 3 Reserve Account (the “Reserve Account”) to include the money and other property deposited and held therein pursuant to this Section 4.07(a) and Section 4.06(c). On the Closing Date, the Depositor shall [cause the purchaser of the Notes to transfer an amount equal to] [deposit] to the Reserve Account [Initial] Deposit in immediately available funds into the Reserve Account. The Reserve Account shall constitute property of the Issuing Entity.

Appears in 2 contracts

Samples: Servicing Agreement (Ally Auto Receivables Trust 2011-3), Servicing Agreement (Ally Auto Receivables Trust 2011-3)

Reserve Account. (a) There shall be established in the name of and maintained with the Indenture Trustee for the benefit of the Noteholders an Eligible Deposit Account known as the Ally Capital Auto Receivables Asset Trust 20[ ]2016-[ ] 1 Reserve Account (the “Reserve Account”) to include the money and other property deposited and held therein pursuant to this Section 4.07(a) and Section 4.06(c). On the Closing Date, the Depositor shall [cause the purchaser of the Notes to transfer an amount equal to] [deposit] deposit the Reserve Account [Initial] Initial Deposit in immediately available funds into the Reserve Account. The Reserve Account shall constitute property of the Issuing Entity.

Appears in 2 contracts

Samples: Trust Sale and Servicing Agreement (Capital Auto Receivables Asset Trust 2016-1), Trust Sale and Servicing Agreement (Capital Auto Receivables Asset Trust 2016-1)

Reserve Account. (a) There shall be established in the name of and maintained with the Indenture Trustee for the benefit of the Noteholders an Eligible Deposit Account known as the Ally Auto Receivables Trust 20[ ]2017-[ ] 2 Reserve Account (the “Reserve Account”) to include the money and other property deposited and held therein pursuant to this Section 4.07(a) and Section 4.06(c). On the Closing Date, the Depositor shall [cause the purchaser of the Notes to transfer an amount equal to] [deposit] to the Reserve Account [Initial] Deposit in immediately available funds into the Reserve Account. The Reserve Account shall constitute property of the Issuing Entity.

Appears in 2 contracts

Samples: Servicing Agreement (Ally Auto Receivables Trust 2017-2), Servicing Agreement (Ally Auto Receivables Trust 2017-2)

Reserve Account. (a) There shall be established in the name of and maintained with the Indenture Trustee for the benefit of the Noteholders an Eligible Deposit Account known as the Ally Auto Receivables Trust 20[ ]2016-[ ] 1 Reserve Account (the “Reserve Account”) to include the money and other property deposited and held therein pursuant to this Section 4.07(a) and Section 4.06(c). On the Closing Date, the Depositor shall [cause the purchaser of the Notes to transfer an amount equal to] [deposit] to the Reserve Account [Initial] Deposit in immediately available funds into the Reserve Account. The Reserve Account shall constitute property of the Issuing Entity.

Appears in 2 contracts

Samples: Servicing Agreement (Ally Auto Receivables Trust 2016-1), Servicing Agreement (Ally Auto Receivables Trust 2016-1)

Reserve Account. (a) There shall be established in the name of and maintained with the Indenture Trustee for the benefit of the Noteholders an Eligible Deposit Account known as the Ally Capital Auto Receivables Asset Trust 20[ ]2015-[ ] 4 Reserve Account (the “Reserve Account”) to include the money and other property deposited and held therein pursuant to this Section 4.07(a), Section 4.06(c) and Section 4.06(c4.06(d). On the Initial Closing Date, the Depositor shall [cause the purchaser of the Notes to transfer an amount equal to] [deposit] deposit the Reserve Account [Initial] Initial Deposit in immediately available funds into the Reserve Account. The Reserve Account shall constitute property of the Issuing Entity.

Appears in 2 contracts

Samples: Trust Sale and Servicing Agreement (Capital Auto Receivables Asset Trust 2015-4), Trust Sale and Servicing Agreement (Capital Auto Receivables Asset Trust 2015-4)

Reserve Account. (a) There shall be established in the name of and maintained with the Indenture Trustee for the benefit of the Noteholders an Eligible Deposit Account known as the Ally Auto Receivables Trust 20[ ]2010-[ ] 2 Reserve Account (the “Reserve Account”) to include the money and other property deposited and held therein pursuant to this Section 4.07(a) and Section 4.06(c). On the Closing Date, the Depositor shall [cause the purchaser of the Notes to transfer an amount equal to] [deposit] deposit the Reserve Account [Initial] Deposit in immediately available funds into the Reserve Account. The Reserve Account shall constitute property of the Issuing Entity.

Appears in 2 contracts

Samples: Trust Sale and Servicing Agreement (Ally Auto Receivables Trust 2010-2), Trust Sale and Servicing Agreement (Ally Auto Receivables Trust 2010-2)

Reserve Account. (a) There shall be established in the name of and maintained with the Indenture Trustee for the benefit of the Noteholders an Eligible Deposit Account known as the Ally Auto Receivables Trust 20[ ]2016-[ ] 2 Reserve Account (the “Reserve Account”) to include the money and other property deposited and held therein pursuant to this Section 4.07(a) and Section 4.06(c). On the Closing Date, the Depositor shall [cause the purchaser of the Notes to transfer an amount equal to] [deposit] to the Reserve Account [Initial] Deposit in immediately available funds into the Reserve Account. The Reserve Account shall constitute property of the Issuing Entity.

Appears in 2 contracts

Samples: Servicing Agreement (Ally Auto Receivables Trust 2016-2), Servicing Agreement (Ally Auto Receivables Trust 2016-2)

Reserve Account. (a) There shall be established in the name of and maintained with the Indenture Trustee for the benefit of the Noteholders an Eligible Deposit Account known as the Ally Auto Receivables Trust 20[ ]2018-[ ] 2 Reserve Account (the “Reserve Account”) to include the money and other property deposited and held therein pursuant to this Section 4.07(a) and Section 4.06(c). On the Closing Date, the Depositor shall [cause the purchaser of the Notes to transfer an amount equal to] [deposit] to the Reserve Account [Initial] Deposit in immediately available funds into the Reserve Account. The Reserve Account shall constitute property of the Issuing Entity.

Appears in 2 contracts

Samples: Servicing Agreement (Ally Auto Receivables Trust 2018-2), Servicing Agreement (Ally Auto Receivables Trust 2018-2)

Reserve Account. (a) There shall be established in the name of and maintained with the Indenture Trustee for the benefit of the Noteholders an Eligible Deposit Account known as the Ally Auto Receivables Trust 20[ ]2014-[ ] 2 Reserve Account (the “Reserve Account”) to include the money and other property deposited and held therein pursuant to this Section 4.07(a) and Section 4.06(c). On the Closing Date, the Depositor shall [cause the purchaser of the Notes to transfer an amount equal to] [deposit] to the Reserve Account [Initial] Deposit in immediately available funds into the Reserve Account. The Reserve Account shall constitute property of the Issuing Entity.

Appears in 2 contracts

Samples: Servicing Agreement (Ally Auto Receivables Trust 2014-2), Servicing Agreement (Ally Auto Receivables Trust 2014-2)

Reserve Account. (a) There shall be established in the name of and maintained with the Indenture Trustee for the benefit of the Noteholders an Eligible Deposit Account known as the Ally Auto Receivables Trust 20[ ]2012-[ ] 1 Reserve Account (the “Reserve Account”) to include the money and other property deposited and held therein pursuant to this Section 4.07(a) and Section 4.06(c). On the Closing Date, the Depositor shall [cause the purchaser of the Notes to transfer an amount equal to] [deposit] to the Reserve Account [Initial] Deposit in immediately available funds into the Reserve Account. The Reserve Account shall constitute property of the Issuing Entity.

Appears in 2 contracts

Samples: Servicing Agreement (Ally Auto Receivables Trust 2012-1), Servicing Agreement (Ally Auto Receivables Trust 2012-1)

Reserve Account. (a) There shall be established with U.S. Bank National Association, in the name of and maintained with the Indenture Trustee for the benefit of the Noteholders an Eligible Deposit Account known as the Ally Auto Receivables Trust 20[ ]2024-[ ] 1 Reserve Account (the “Reserve Account”) to include the money and other property deposited and held therein pursuant to this Section 4.07(a) and Section 4.06(c). On the Closing Date, the Depositor shall [cause the purchaser of the Notes to transfer an amount equal to] [deposit] to the Reserve Account [Initial] Deposit in immediately available funds into the Reserve Account. The Reserve Account shall constitute property of the Issuing Entity.

Appears in 2 contracts

Samples: Servicing Agreement (Ally Auto Receivables Trust 2024-1), Servicing Agreement (Ally Auto Receivables Trust 2024-1)

Reserve Account. (a) There shall be established in the name of and maintained with the Indenture Trustee for the benefit of the Noteholders an Eligible Deposit Account known as the Ally Capital Auto Receivables Asset Trust 20[ ]-[ ] Reserve Account (the “Reserve Account”) to include the money and other property deposited and held therein pursuant to this Section 4.07(a) and Section 4.06(c). On the [Initial] Closing Date, the Depositor shall [cause the purchaser of the Notes to transfer an amount equal to] [deposit] deposit the Reserve Account [Initial] Deposit in immediately available funds into the Reserve Account. The Reserve Account shall constitute property of the Issuing Entity.

Appears in 1 contract

Samples: Trust Sale and Servicing Agreement (Capital Auto Receivables LLC)

Reserve Account. (a) There shall be established in the name of and maintained with the Indenture Trustee for the benefit of the Noteholders an Eligible Deposit Account known as the Ally Capital Auto Receivables Asset Trust 20[ ]2003-[ ] 1 Reserve Account (the "Reserve Account") to include the money and other property deposited and held therein pursuant to this Section 4.07(a), Section 4.07(e) and Section 4.06(c). On the Initial Closing Date, the Depositor Seller shall [cause the purchaser of the Notes to transfer an amount equal to] [deposit] deposit the Reserve Account [Initial] Initial Deposit in immediately available funds into the Reserve Account. The Reserve Account shall constitute property of the Issuing Entity.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Capital Auto Receivables Inc)

Reserve Account. (a) There shall be established in the name of and maintained with the Indenture Trustee for the benefit of the Noteholders an Eligible Deposit Account known as the Ally Auto Receivables Trust 20[ ]-[ ] Reserve Account (the “Reserve Account”) to include the money and other property deposited and held therein pursuant to this Section 4.07(a) and Section 4.06(c). On the Closing Date, the Depositor shall [cause the purchaser of the Notes to transfer an amount equal to] [deposit] to the Reserve Account [Initial] Deposit in immediately available funds into the Reserve Account. The Reserve Account shall constitute property of the Issuing Entity.

Appears in 1 contract

Samples: Servicing Agreement (Ally Auto Assets LLC)

Reserve Account. (a) There shall be established in the name of and maintained with the Indenture Trustee for the benefit of the Noteholders an Eligible Deposit Account known as the Ally Capital Auto Receivables Asset Trust 20[ ]2001-[ ] 2 Reserve Account (the "Reserve Account") to include the money and other property deposited and held therein pursuant to this Section 4.07(a), Section 4.07(e) and Section 4.06(c). On the Closing Date, the Depositor Seller shall [cause the purchaser of the Notes to transfer an amount equal to] [deposit] deposit the Reserve Account [Initial] Initial Deposit in immediately available funds into the Reserve Account. The Reserve Account shall constitute property not under any circumstances be deemed to be part of or otherwise included in the Issuing EntityTrust.

Appears in 1 contract

Samples: Trust Sale and Servicing Agreement (Capital Auto Receivables Inc)

Reserve Account. (a) There shall be established in the name of and maintained with the Indenture Trustee for the benefit of the Noteholders an Eligible Deposit Account known as the Ally Capital Auto Receivables Asset Trust 20[ ]2006-[ ] 2 Reserve Account (the “Reserve Account”) to include the money and other property deposited and held therein pursuant to this Section 4.07(a), Section 4.07(e) and Section 4.06(c). On the Closing Date, the Depositor shall [cause the purchaser of the Notes to transfer an amount equal to] [deposit] deposit the Reserve Account [Initial] Deposit in immediately available funds into the Reserve Account. The Reserve Account shall constitute property of the Issuing Entity.

Appears in 1 contract

Samples: Trust Sale and Servicing Agreement (Capital Auto Receivables LLC)

Reserve Account. (a) There shall be established in the name of and maintained with the Indenture Trustee for the benefit of the Noteholders an Eligible Deposit Account known as the Ally Capital Auto Receivables Asset Trust 20[ ]2007-[ ] 1 Reserve Account (the “Reserve Account”) to include the money and other property deposited and held therein pursuant to this Section 4.07(a), Section 4.07(e) and Section 4.06(c). On the Closing Date, the Depositor shall [cause the purchaser of the Notes to transfer an amount equal to] [deposit] deposit the Reserve Account [Initial] Deposit in immediately available funds into the Reserve Account. The Reserve Account shall constitute property of the Issuing Entity.

Appears in 1 contract

Samples: Trust Sale and Servicing Agreement (Capital Auto Receivables Asset Trust 2007-1)

Reserve Account. (a) There shall be established in the name of and maintained with the Indenture Trustee for the benefit of the Noteholders an Eligible Deposit Account known as the Ally Auto Receivables Trust 20[ ]-[ ] 20 - Reserve Account (the “Reserve Account”) to include the money and other property deposited and held therein pursuant to this Section 4.07(a) and Section 4.06(c). On the [Initial] Closing Date, the Depositor shall [cause the purchaser of the Notes to transfer an amount equal to] [deposit] deposit the Reserve Account [Initial] Deposit in immediately available funds into the Reserve Account. The Reserve Account shall constitute property of the Issuing Entity.

Appears in 1 contract

Samples: Trust Sale and Servicing Agreement (Ally Auto Assets LLC)

Reserve Account. (a) There shall be established in the name of and maintained with the Indenture Trustee for the benefit of the Noteholders an Eligible Deposit Account known as the Ally Capital Auto Receivables Asset Trust 20[ ]2007-[ ] 3 Reserve Account (the “Reserve Account”) to include the money and other property deposited and held therein pursuant to this Section 4.07(a), Section 4.07(e) and Section 4.06(c). On the Closing Date, the Depositor shall [cause the purchaser of the Notes to transfer an amount equal to] [deposit] deposit the Reserve Account [Initial] Deposit in immediately available funds into the Reserve Account. The Reserve Account shall constitute property of the Issuing Entity.

Appears in 1 contract

Samples: Trust Sale and Servicing Agreement (Capital Auto Receivables Asset Trust 2007-3)

Reserve Account. (a) There shall be established in the name of and maintained with the Indenture Trustee for the benefit of the Noteholders an Eligible Deposit Account known as the Ally Capital Auto Receivables Asset Trust 20[ ]-[ ] Reserve Account (the “Reserve Account”) to include the money and other property deposited and held therein pursuant to this Section 4.07(a), Section 4.07(e) and Section 4.06(c). On the [Initial] Closing Date, the Depositor shall [cause the purchaser of the Notes to transfer an amount equal to] [deposit] deposit the Reserve Account [Initial] Deposit in immediately available funds into the Reserve Account. The Reserve Account shall constitute property of the Issuing Entity.

Appears in 1 contract

Samples: Trust Sale and Servicing Agreement (Capital Auto Receivables LLC)

Reserve Account. (a) There shall be established in the name of and maintained with the Indenture Trustee for the benefit of the Noteholders an Eligible Deposit Account known as the Ally Capital Auto Receivables Asset Trust 20[ ]2006-[ ] 1 Reserve Account (the "Reserve Account") to include the money and other property deposited and held therein pursuant to this Section 4.07(a), Section 4.07(e) and Section 4.06(c). On the Closing Date, the Depositor Seller shall [cause the purchaser of the Notes to transfer an amount equal to] [deposit] deposit the Reserve Account [Initial] Initial Deposit in immediately available funds into the Reserve Account. The Reserve Account shall constitute property of the Issuing EntityTrust.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Capital Auto Receivables Asset Trust 2006-1)

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