Account Characteristics. (a) The Indenture Trustee shall establish and maintain each of the Designated Accounts at the Account Holder, and neither the Indenture Trustee nor the Account Holder shall change the name or account number of any of the Accounts without the prior written consent of Indenture Trustee and the Issuer. Amounts on deposit in the Designated Accounts shall be invested in the Investment Fund, as contemplated in the Indenture.
Appears in 2 contracts
Samples: Account Control Agreement (Carvana Auto Receivables Trust 2021-P4), Account Control Agreement (Carvana Auto Receivables Trust 2021-P4)
Account Characteristics. (a) The Indenture Trustee shall establish and maintain each of the Designated Accounts at the Account Holder, and neither the Indenture Trustee nor the Account Holder shall change the name or account number of any of the Accounts without the prior written consent of Indenture Trustee and the Issuer. Issuing Entity, Amounts on deposit in the Designated Accounts shall be invested in the Investment Fund, as contemplated in the Indenture.
Appears in 2 contracts
Samples: Account Control Agreement (Carvana Auto Receivables Trust 2022-P1), Account Control Agreement (Carvana Auto Receivables Trust 2022-P1)
