Reserve Fund. (a) On the Closing Date, the Seller will deposit the Reserve Fund Initial Deposit into the Reserve Fund from the net proceeds of the sale of the Notes. The Reserve Fund shall be the property of the Issuer subject to the rights of the Indenture Trustee in the Reserve Fund Property.
Appears in 130 contracts
Samples: Sale and Servicing Agreement (Honda Auto Receivables 2024-2 Owner Trust), Sale and Servicing Agreement (Honda Auto Receivables 2024-2 Owner Trust), Sale and Servicing Agreement (Honda Auto Receivables 2024-1 Owner Trust)
Reserve Fund. (a) On or prior to the Closing Date, the Seller will Indenture Trustee, on behalf of the Trust Depositor shall deposit the Reserve Fund Initial Deposit into the Reserve Fund from the net proceeds of the sale of the Notes. The Reserve Fund shall be the property of the Issuer subject to the rights of the Indenture Trustee in the Reserve Fund PropertySecurities.
Appears in 30 contracts
Samples: Sale and Servicing Agreement (Harley Davidson Customer Funding Corp), Sale and Servicing Agreement (Harley Davidson Customer Funding Corp), Sale and Servicing Agreement (Harley Davidson Customer Funding Corp)
Reserve Fund. (a) On the Closing Date, the Seller will Indenture Trustee, on behalf of the Trust Depositor shall deposit the Reserve Fund Initial Deposit into the Reserve Fund from the net proceeds of the sale of the Notes. The Reserve Fund shall be the property of the Issuer subject to the rights of the Indenture Trustee in the Reserve Fund Property.
Appears in 21 contracts
Samples: Sale and Servicing Agreement (Harley-Davidson Motorcycle Trust 2024-A), Sale and Servicing Agreement (Harley-Davidson Motorcycle Trust 2024-A), Sale and Servicing Agreement (Harley-Davidson Motorcycle Trust 2023-B)
Reserve Fund. (a) On the Closing Date, the Seller will Depositor shall deposit the Reserve Fund Initial Deposit into the Reserve Fund from the net proceeds of the sale of the Notes. The Reserve Fund shall be Property has been conveyed by the property of Depositor to the Issuer subject pursuant to Section 2.01(a). Pursuant to the rights Indenture, the Issuer will pledge all of its right, title and interest in, to and under the Reserve Fund and the Reserve Fund Property to the Indenture Trustee in on behalf of the Reserve Fund PropertyNoteholders to secure its obligations under the Notes and the Indenture.
Appears in 13 contracts
Samples: Sale and Servicing Agreement (Mercedes-Benz Auto Receivables Trust 2024-1), Sale and Servicing Agreement (Mercedes-Benz Auto Receivables Trust 2024-1), Sale and Servicing Agreement (Mercedes-Benz Auto Receivables Trust 2023-2)
Reserve Fund. (a) On the Closing Date, the Seller will Depositor shall deposit the Reserve Fund Initial Deposit into the Reserve Fund from the net proceeds of the sale of the Class A Notes. The Reserve Fund shall be Property has been conveyed by the property of Depositor to the Issuer subject pursuant to Section 2.01(a). Pursuant to the rights Indenture, the Issuer will pledge all of its right, title and interest in, to and under the Reserve Fund and the Reserve Fund Property to the Indenture Trustee in on behalf of the Reserve Fund PropertyNoteholders to secure its obligations under the Notes and the Indenture.
Appears in 11 contracts
Samples: Sale and Servicing Agreement (Mercedes-Benz Auto Receivables Trust 2018-1), Sale and Servicing Agreement (Mercedes-Benz Auto Receivables Trust 2018-1), Sale and Servicing Agreement (Mercedes-Benz Auto Receivables Trust 2016-1)
Reserve Fund. (a) On the Closing Date, the Seller Owner Trustee will deposit deposit, on behalf of the Seller, the Reserve Fund Initial Deposit into the Reserve Fund from the net proceeds of the sale of the Notes. The Reserve Fund shall be the property of the Issuer subject to the rights of the Indenture Trustee in the Reserve Fund Property.
Appears in 7 contracts
Samples: Sale and Servicing Agreement (Honda Auto Receivables 2002-4 Owner Trust), Sale and Servicing Agreement (American Honda Receivables Corp), Sale and Servicing Agreement (American Honda Receivables Corp)
Reserve Fund. (a) On the Closing Date, the Seller will Indenture Trustee, on behalf of the Trust Depositor, shall deposit the Reserve Fund Initial Deposit into the Reserve Fund from the net proceeds of the sale of the Notes. The Reserve Fund shall be the property of the Issuer subject to the rights of the Indenture Trustee in the Reserve Fund Property.
Appears in 6 contracts
Samples: Sale and Servicing Agreement (Harley-Davidson Motorcycle Trust 2015-2), Sale and Servicing Agreement (Harley-Davidson Motorcycle Trust 2015-2), Sale and Servicing Agreement (Harley-Davidson Motorcycle Trust 2015-1)
Reserve Fund. (a) On the Closing Date, the Seller will Depositor shall deposit the Reserve Fund Initial Deposit into the Reserve Fund from the net proceeds of the sale of the NotesNotes that are publicly offered. The Reserve Fund shall be Property has been conveyed by the property of Depositor to the Issuer subject pursuant to Section 2.01(a). Pursuant to the rights Indenture, the Issuer will pledge all of its right, title and interest in, to and under the Reserve Fund and the Reserve Fund Property to the Indenture Trustee in on behalf of the Reserve Fund PropertyNoteholders to secure its obligations under the Notes and the Indenture.
Appears in 6 contracts
Samples: Sale and Servicing Agreement (Daimler Trucks Retail Trust 2024-1), Sale and Servicing Agreement (Daimler Trucks Retail Trust 2024-1), Sale and Servicing Agreement (Daimler Trucks Retail Trust 2023-1)
Reserve Fund. (a) On the Closing Date, the Seller will Depositor shall deposit the Reserve Fund Initial Deposit into the Reserve Fund from the net proceeds of the sale of the [Class A] Notes. The Reserve Fund shall be Property has been conveyed by the property of Depositor to the Issuer subject pursuant to Section 2.01(a). Pursuant to the rights Indenture, the Issuer will pledge all of its right, title and interest in, to and under the Reserve Fund and the Reserve Fund Property to the Indenture Trustee in on behalf of the Reserve Fund PropertyNoteholders to secure its obligations under the Notes and the Indenture.
Appears in 5 contracts
Samples: Sale and Servicing Agreement (Daimler Trucks Retail Receivables LLC), Sale and Servicing Agreement (Daimler Trucks Retail Receivables LLC), Sale and Servicing Agreement (Daimler Retail Receivables LLC)
Reserve Fund. (a) On the Closing Date, the Seller will Depositor shall deposit the Reserve Fund Initial Deposit into the Reserve Fund from the net proceeds of the sale of the Notes. The Reserve Fund shall be Property has been conveyed by the property of Depositor to the Issuer subject pursuant to Section 2.01(a). Pursuant to the rights Indenture, the Issuer will pledge all of its right, title and interest in, to and under the Reserve Fund and the Reserve Fund Property to the Indenture Trustee in on behalf of the Reserve Fund PropertySecurityholders and the Swap Counterparty to secure its obligations under the Notes and the Indenture.
Appears in 3 contracts
Samples: Sale and Servicing Agreement (Wachovia Auto Owner Trust 2008-A), Sale and Servicing Agreement (Wachovia Auto Loan Owner Trust 2007-1), Sale and Servicing Agreement (Wachovia Auto Loan Owner Trust 2008-1)
Reserve Fund. (a) On the Closing Date, the Seller will Depositor shall deposit the Reserve Fund Initial Deposit into the Reserve Fund from the net proceeds of the sale of the offered Notes. The Reserve Fund shall be Property has been conveyed by the property of Depositor to the Issuer subject pursuant to Section 2.01(a). Pursuant to the rights Indenture, the Issuer will pledge all of its right, title and interest in, to and under the Reserve Fund and the Reserve Fund Property to the Indenture Trustee in on behalf of the Reserve Fund PropertyNoteholders to secure its obligations under the Notes and the Indenture.
Appears in 2 contracts
Samples: Sale and Servicing Agreement (Daimler Trucks Retail Trust 2020-1), Sale and Servicing Agreement (Daimler Trucks Retail Trust 2020-1)
Reserve Fund. (a) On the Closing Date, the Seller will deposit deposit, on behalf of the Depositor, the Reserve Fund Initial Deposit into the Reserve Fund from the net proceeds of the sale of the NotesSecurities. The Reserve Fund shall be the property of the Issuer subject to the rights of the Indenture Trustee in the Reserve Fund PropertyCollateral.
Appears in 2 contracts
Samples: Sale and Servicing Agreement (Pooled Auto Securities Shelf LLC), Sale and Servicing Agreement (Pooled Auto Securities Shelf LLC)
Reserve Fund. (a) On the Closing Date, the Seller will deposit the Reserve Fund Initial Deposit into the Reserve Fund from the net proceeds of the sale of the Class A-2, Class A-3 and Class A-4 Notes. The Reserve Fund shall be the property of the Issuer subject to the rights of the Indenture Trustee in the Reserve Fund Property.
Appears in 1 contract
Samples: Sale and Servicing Agreement (Honda Auto Receivables 2010-2 Owner Trust)
Reserve Fund. (a) On the Closing Date, the Seller will Indenture Trustee, on behalf of the Trust Depositor shall deposit the Reserve Fund Initial Deposit into the Reserve Fund from the net proceeds of the sale of the Notes. The Reserve Fund shall be the property of the Issuer subject to the rights of On each Subsequent Transfer Date, the Indenture Trustee in shall transfer the Subsequent Reserve Fund Amount from the Pre-Funding Account to the Reserve Fund PropertyFund.
Appears in 1 contract
Samples: Sale and Servicing Agreement (Harley Davidson Customer Funding Corp)
Reserve Fund. (a) On the Closing Date, the Seller will Trust Depositor shall deposit (or cause to be deposited) the Reserve Fund Initial Deposit into the Reserve Fund from the net proceeds of the sale of the Notes. The Reserve Fund shall be the property of the Issuer subject to the rights of the Indenture Trustee in the Reserve Fund PropertySecurities.
Appears in 1 contract
Samples: Sale and Servicing Agreement (Fidelity Leasing Inc)
Reserve Fund. (a) On or prior to the Closing Date, the Seller will shall deposit an amount equal to the Reserve Fund Initial Deposit into the Reserve Fund from the net proceeds of the sale of the Notes. The Reserve Fund shall be the property of the Issuer subject to the rights of the Indenture Trustee in the Reserve Fund PropertyFund.
Appears in 1 contract
Samples: Sale and Servicing Agreement (Fleetwood Credit Receivables Corp)
