Accounts; Deposits to and Distributions from Accounts. On or before the Issuance Date, the Indenture Trustee will cause to be established and maintained two Qualified Accounts denominated as follows: the "Interest Funding Account" and the "Principal Funding Account" (collectively, the "Series [o] Accounts") in the name of the Indenture Trustee, bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Series [o] Noteholders. The Series [o] Accounts constitute Supplemental Accounts and shall be under the sole dominion and control of the Indenture Trustee for the benefit of the Series [o] Noteholders. If, at any time, the institution holding any Series [o] Account ceases to be a Qualified Institution, the Issuer will within ten (10) Business Days (or such longer period, not to exceed thirty (30) calendar days, as to which each Note Rating Agency may consent) establish a new applicable Series [o] Account, that is a Qualified Account and shall transfer any cash and/or investments to such new Series [o] Account. From the date such new Series [o] Account is established, it will be a Series [o] Account, bearing the name of the Series [o] Account it has replaced.
Appears in 2 contracts
Samples: Indenture Supplement (Daimlerchrysler Master Owner Trust), Indenture Supplement (Daimlerchrysler Wholesale Receivables LLC)
Accounts; Deposits to and Distributions from Accounts. On or before the Issuance Date, the Indenture Trustee will cause to be established and maintained two Qualified Accounts denominated as follows: the "Interest Funding Account" and the "Principal Funding Account" (collectively, the "Series [o] 2004-B Accounts") in the name of the Indenture Trustee, bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Series [o] 2004-B Noteholders. The Series [o] 2004-B Accounts constitute Supplemental Accounts and shall be under the sole dominion and control of the Indenture Trustee for the benefit of the Series [o] 2004-B Noteholders. If, at any time, the institution holding any Series [o] 2004-B Account ceases to be a Qualified Institution, the Issuer will within ten (10) Business Days (or such longer period, not to exceed thirty (30) calendar days, as to which each Note Rating Agency may consent) establish a new applicable Series [o] 2004-B Account, that is a Qualified Account and shall transfer any cash and/or investments to such new Series [o] 2004-B Account. From the date such new Series [o] 2004-B Account is established, it will be a Series [o] 2004-B Account, bearing the name of the Series [o] 2004-B Account it has replaced.
Appears in 2 contracts
Samples: Indenture Supplement (Daimlerchrysler Master Owner Trust), Series 2004 B Indenture Supplement (Daimlerchrysler Master Owner Trust)
Accounts; Deposits to and Distributions from Accounts. On or before the Issuance Date, the Indenture Trustee will cause to be established and maintained two Qualified Accounts denominated as follows: the "Interest Funding Account" and the "Principal Funding Account" (collectively, the "Series [o] 2002-A Accounts") in the name of the Indenture Trustee, bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Series [o] 2002-A Noteholders. The Series [o] 2002-A Accounts constitute Supplemental Accounts and shall be under the sole dominion and control of the Indenture Trustee for the benefit of the Series [o] 2002-A Noteholders. If, at any time, the institution holding any Series [o] 2002-A Account ceases to be a Qualified Institution, the Issuer will within ten (10) Business Days (or such longer period, not to exceed thirty (30) calendar days, as to which each Note Rating Agency may consent) establish a new applicable Series [o] 2002-A Account, that is a Qualified Account and shall transfer any cash and/or investments to such new Series [o] 2002-A Account. From the date such new Series [o] 2002-A Account is established, it will be a Series [o] 2002-A Account, bearing the name of the Series [o] 2002-A Account it has replaced.
Appears in 2 contracts
Samples: Indenture Supplement (Daimlerchrysler Master Owner Trust), Series 2002 a Indenture Supplement (Daimlerchrysler Master Owner Trust)
Accounts; Deposits to and Distributions from Accounts. On or before the Issuance Date, the Indenture Trustee will cause to be established and maintained two Qualified Accounts denominated as follows: the "Interest Funding Account" and the "Principal Funding Account" (collectively, the "Series [o] 2004-A Accounts") in the name of the Indenture Trustee, bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Series [o] 2004-A Noteholders. The Series [o] 2004-A Accounts constitute Supplemental Accounts and shall be under the sole dominion and control of the Indenture Trustee for the benefit of the Series [o] 2004-A Noteholders. If, at any time, the institution holding any Series [o] 2004-A Account ceases to be a Qualified Institution, the Issuer will within ten (10) Business Days (or such longer period, not to exceed thirty (30) calendar days, as to which each Note Rating Agency may consent) establish a new applicable Series [o] 2004-A Account, that is a Qualified Account and shall transfer any cash and/or investments to such new Series [o] 2004-A Account. From the date such new Series [o] 2004-A Account is established, it will be a Series [o] 2004-A Account, bearing the name of the Series [o] 2004-A Account it has replaced.
Appears in 2 contracts
Samples: Indenture Supplement (Daimlerchrysler Master Owner Trust), Indenture Supplement (Daimlerchrysler Master Owner Trust)
Accounts; Deposits to and Distributions from Accounts. On or before the Issuance Date, the Indenture Trustee will cause to be established and maintained two Qualified Accounts denominated as follows: the "Interest Funding Account" and the "Principal Funding Account" (collectively, the "Series [o] 2002-B Accounts") in the name of the Indenture Trustee, bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Series [o] 2002-B Noteholders. The Series [o] 2002-B Accounts constitute Supplemental Accounts and shall be under the sole dominion and control of the Indenture Trustee for the benefit of the Series [o] 2002-B Noteholders. If, at any time, the institution holding any Series [o] 2002-B Account ceases to be a Qualified Institution, the Issuer will within ten (10) Business Days (or such longer period, not to exceed thirty (30) calendar days, as to which each Note Rating Agency may consent) establish a new applicable Series [o] 2002-B Account, that is a Qualified Account and shall transfer any cash and/or investments to such new Series [o] 2002-B Account. From the date such new Series [o] 2002-B Account is established, it will be a Series [o] 2002-B Account, bearing the name of the Series [o] 2002-B Account it has replaced.
Appears in 2 contracts
Samples: Series 2002 B Indenture Supplement (Daimlerchrysler Master Owner Trust), Series 2002 B Indenture Supplement (Daimlerchrysler Master Owner Trust)
Accounts; Deposits to and Distributions from Accounts. On or before the Issuance Date, the Indenture Trustee will cause to be established and maintained two Qualified Accounts denominated as follows: the "Interest Funding Account" and the "Principal Funding Account" (collectively, the "Series [o_] Accounts") in the name of the Indenture Trustee, bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Series [o____] Noteholders. The Series [o____] Accounts constitute Supplemental Accounts and shall be under the sole dominion and control of the Indenture Trustee for the benefit of the Series [o____] Noteholders. If, at any time, the institution holding any Series [o____ ] Account ceases to be a Qualified Institution, the Issuer will within ten (10) Business Days (or such longer period, not to exceed thirty (30) calendar days, as to which each Note Rating Agency may consent) establish a new applicable Series [o____] Account, that is a Qualified Account and shall transfer any cash and/or investments to such new Series [o____] Account. From the date such new Series [o____] Account is established, it will be a Series [o_____ ] Account, bearing the name of the Series [o____] Account it has replaced.
Appears in 2 contracts
Samples: Indenture Supplement (Daimlerchrysler Wholesale Receivables LLC), Indenture Supplement (Carco Auto Loan Master Trust)
Accounts; Deposits to and Distributions from Accounts. On or before the Issuance Date, the Indenture Trustee will cause to be established and maintained two Qualified Accounts denominated as follows: the "Interest Funding Account" and the "Principal Funding Account" (collectively, the "Series [o] 2003-A Accounts") in the name of the Indenture Trustee, bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Series [o] 2003-A Noteholders. The Series [o] 2003-A Accounts constitute Supplemental Accounts and shall be under the sole dominion and control of the Indenture Trustee for the benefit of the Series [o] 2003-A Noteholders. If, at any time, the institution holding any Series [o] 2003-A Account ceases to be a Qualified Institution, the Issuer will within ten (10) Business Days (or such longer period, not to exceed thirty (30) calendar days, as to which each Note Rating Agency may consent) establish a new applicable Series [o] 2003-A Account, that is a Qualified Account and shall transfer any cash and/or investments to such new Series [o] 2003-A Account. From the date such new Series [o] 2003-A Account is established, it will be a Series [o] 2003-A Account, bearing the name of the Series [o] 2003-A Account it has replaced.
Appears in 2 contracts
Samples: Series 2003 a Indenture Supplement (Daimlerchrysler Master Owner Trust), Indenture Supplement (Daimlerchrysler Master Owner Trust)
Accounts; Deposits to and Distributions from Accounts. On or before the Issuance Date, the Indenture Trustee will cause to be established and maintained two Qualified Accounts denominated as follows: the "Interest Funding Account" and the "Principal Funding Account" (collectively, the "Series [o] 2005-C Accounts") in the name of the Indenture Trustee, bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Series [o] 2005-C Noteholders. The Series [o] 2005-C Accounts constitute Supplemental Accounts and shall be under the sole dominion and control of the Indenture Trustee for the benefit of the Series [o] 2005-C Noteholders. If, at any time, the institution holding any Series [o] 2005-C Account ceases to be a Qualified Institution, the Issuer will within ten (10) Business Days (or such longer period, not to exceed thirty (30) calendar days, as to which each Note Rating Agency may consent) establish a new applicable Series [o] 2005-C Account, that is a Qualified Account and shall transfer any cash and/or investments to such new Series [o] 2005-C Account. From the date such new Series [o] 2005-C Account is established, it will be a Series [o] 2005-C Account, bearing the name of the Series [o] 2005-C Account it has replaced.
Appears in 1 contract
Samples: Indenture Supplement (Daimlerchrysler Master Owner Trust)
Accounts; Deposits to and Distributions from Accounts. On or before the Issuance Date, the Indenture Trustee will cause to be established and maintained two Qualified Accounts denominated as follows: the "Interest Funding Account" and the "Principal Funding Account" (collectively, the "Series [o] 2005-A Accounts") in the name of the Indenture Trustee, bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Series [o] 2005-A Noteholders. The Series [o] 2005-A Accounts constitute Supplemental Accounts and shall be under the sole dominion and control of the Indenture Trustee for the benefit of the Series [o] 2005-A Noteholders. If, at any time, the institution holding any Series [o] 2005-A Account ceases to be a Qualified Institution, the Issuer will within ten (10) Business Days (or such longer period, not to exceed thirty (30) calendar days, as to which each Note Rating Agency may consent) establish a new applicable Series [o] 2005-A Account, that is a Qualified Account and shall transfer any cash and/or investments to such new Series [o] 2005-A Account. From the date such new Series [o] 2005-A Account is established, it will be a Series [o] 2005-A Account, bearing the name of the Series [o] 2005-A Account it has replaced.
Appears in 1 contract
Samples: Indenture Supplement (Daimlerchrysler Wholesale Receivables LLC)
Accounts; Deposits to and Distributions from Accounts. On or before the Issuance Date, the Indenture Trustee will cause to be established and maintained two the Qualified Accounts denominated as follows: the "Interest Funding Account" and ", the "Principal Funding Account" and the "Reserve Fund" (collectively, the "Series [o] 2003-2 Accounts") in the name of the Indenture Trustee, bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Series [o] 2003-2 Noteholders. The Series [o] 2003-2 Accounts constitute Supplemental Accounts and shall be under the sole dominion and control of the Indenture Trustee for the benefit of the Series [o] 2003-2 Noteholders. If, at any time, the institution holding any Series [o] 2003-2 Account ceases to be a Qualified Institution, the Issuer will within ten (10) Business Days (or such longer period, not to exceed thirty (30) calendar days, as to which each Note Rating Agency may consent) establish a new applicable Series [o] 2003-2 Account, that is a Qualified Account and shall transfer any cash and/or investments to such new Series [o] 2003-2 Account. From the date such new Series [o] 2003-2 Account is established, it will be a Series [o] 2003-2 Account, bearing the name of the Series [o] 2003-2 Account it has replaced.
Appears in 1 contract
Samples: Indenture Supplement (CNH Wholesale Receivables Inc)
Accounts; Deposits to and Distributions from Accounts. On or before the Issuance Date, the Indenture Trustee will cause to be established and maintained two the Qualified Accounts denominated as follows: the "“Interest Funding Account" and ”, the "“Principal Funding Account" ” and the “Reserve Fund” (collectively, the "“Series [o] 2005-1 Accounts"”) in the name of the Indenture Trustee, bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Series [o] 2005-1 Noteholders. The Series [o] 2005-1 Accounts constitute Supplemental Accounts and shall be under the sole dominion and control of the Indenture Trustee for the benefit of the Series [o] 2005-1 Noteholders. If, at any time, the institution holding any Series [o] 2005-1 Account ceases to be a Qualified Institution, the Issuer will within ten (10) Business Days (or such longer period, not to exceed thirty (30) calendar days, as to which each Note Rating Agency may consent) establish a new applicable Series [o] 2005-1 Account, that is a Qualified Account and shall transfer any cash and/or investments to such new Series [o] 2005-1 Account. From the date such new Series [o] 2005-1 Account is established, it will be a Series [o] 2005-1 Account, bearing the name of the Series [o] 2005-1 Account it has replaced.
Appears in 1 contract
Samples: Indenture Supplement (CNH Wholesale Receivables LLC)
Accounts; Deposits to and Distributions from Accounts. On or before the Issuance Date, the Indenture Trustee will cause to be established and maintained two Qualified Accounts denominated as follows: the "Interest Funding Account" and the "Principal Funding Account" (collectively, the "Series [o] 2005-B Accounts") in the name of the Indenture Trustee, bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Series [o] 2005-B Noteholders. The Series [o] 2005-B Accounts constitute Supplemental Accounts and shall be under the sole dominion and control of the Indenture Trustee for the benefit of the Series [o] 2005-B Noteholders. If, at any time, the institution holding any Series [o] 2005-B Account ceases to be a Qualified Institution, the Issuer will within ten (10) Business Days (or such longer period, not to exceed thirty (30) calendar days, as to which each Note Rating Agency may consent) establish a new applicable Series [o] 2005-B Account, that is a Qualified Account and shall transfer any cash and/or investments to such new Series [o] 2005-B Account. From the date such new Series [o] 2005-B Account is established, it will be a Series [o] 2005-B Account, bearing the name of the Series [o] 2005-B Account it has replaced.
Appears in 1 contract
Samples: Series 2005 B Indenture Supplement (Daimlerchrysler Master Owner Trust)
Accounts; Deposits to and Distributions from Accounts. On or before the Issuance Date, the Indenture Trustee will cause to be established and maintained two Qualified Accounts denominated as follows: the "Interest Funding Account" and the "Principal Funding Account" (collectively, the "Series [o] 2006-A Accounts") in the name of the Indenture Trustee, bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Series [o] 2006-A Noteholders. The Series [o] 2006-A Accounts constitute Supplemental Accounts and shall be under the sole dominion and control of the Indenture Trustee for the benefit of the Series [o] 2006-A Noteholders. If, at any time, the institution holding any Series [o] 2006-A Account ceases to be a Qualified Institution, the Issuer will within ten (10) Business Days (or such longer period, not to exceed thirty (30) calendar days, as to which each Note Rating Agency may consent) establish a new applicable Series [o] 2006-A Account, that is a Qualified Account and shall transfer any cash and/or investments to such new Series [o] 2006-A Account. From the date such new Series [o] 2006-A Account is established, it will be a Series [o] 2006-A Account, bearing the name of the Series [o] 2006-A Account it has replaced.
Appears in 1 contract
Samples: Indenture Supplement (Daimlerchrysler Master Owner Trust)
Accounts; Deposits to and Distributions from Accounts. On or before the Issuance Date, the Indenture Trustee will cause to be established and maintained two the Qualified Accounts denominated as follows: the "Interest Funding Account" and ", the "Principal Funding Account" and the "Reserve Fund" (collectively, the "Series [o] 2003-1 Accounts") in the name of the Indenture Trustee, bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Series [o] 2003-1 Noteholders. The Series [o] 2003-1 Accounts constitute Supplemental Accounts and shall be under the sole dominion and control of the Indenture Trustee for the benefit of the Series [o] 2003-1 Noteholders. If, at any time, the institution holding any Series [o] 2003-1 Account ceases to be a Qualified Institution, the Issuer will within ten (10) Business Days (or such longer period, not to exceed thirty (30) calendar days, as to which each Note Rating Agency may consent) establish a new applicable Series [o] 2003-1 Account, that is a Qualified Account and shall transfer any cash and/or investments to such new Series [o] 2003-1 Account. From the date such new Series [o] 2003-1 Account is established, it will be a Series [o] 2003-1 Account, bearing the name of the Series [o] 2003-1 Account it has replaced.
Appears in 1 contract
Samples: Indenture Supplement (CNH Wholesale Receivables Inc)