Common use of ACCOUNTS; PAYMENTS AND DISTRIBUTIONS; STATEMENTS TO SECURITYHOLDERS Clause in Contracts

ACCOUNTS; PAYMENTS AND DISTRIBUTIONS; STATEMENTS TO SECURITYHOLDERS. SECTION 5.01 Establishment of Collection Account 37 SECTION 5.02 Collections 38 SECTION 5.03 Application of Collections 39 SECTION 5.04 [Reserved] 39 SECTION 5.05 Additional Deposits 39 SECTION 5.06 Payments and Distributions 39 SECTION 5.07 Reserve Account 42 SECTION 5.08 [Reserved] 43 SECTION 5.09 Statements to Certificateholder and Noteholders 43 SECTION 5.10 Net Deposits 45 ARTICLE VI THE SELLER SECTION 6.01 Representations of Seller 45 SECTION 6.02 Company Existence 46 SECTION 6.03 Liability of Seller; Indemnities 47 SECTION 6.04 Merger or Consolidation of, or Assumption of the Obligations of, Seller 48 SECTION 6.05 Limitation on Liability of Seller and Others 48 SECTION 6.06 Seller May Own Certificate or Notes 48 ARTICLE VII THE SERVICER SECTION 7.01 Representations of Servicer 49 SECTION 7.02 Indemnities of Servicer 50 SECTION 7.03 Merger or Consolidation of, or Assumption of the Obligations of, Servicer 51 SECTION 7.04 Limitation on Liability of Servicer and Others 52 SECTION 7.05 TMCC Not To Resign as Servicer 52 ARTICLE VIII

Appears in 2 contracts

Samples: Sale and Servicing Agreement (Toyota Auto Receivables 2011-B Owner Trust), Sale and Servicing Agreement (Toyota Auto Finance Receivables LLC)

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ACCOUNTS; PAYMENTS AND DISTRIBUTIONS; STATEMENTS TO SECURITYHOLDERS. SECTION 5.01 Establishment of Collection Account 37 SECTION 5.02 Collections 38 SECTION 5.03 Application of Collections 39 SECTION 5.04 [Reserved] 39 SECTION 5.05 Additional Deposits 39 SECTION 5.06 Payments and Distributions 39 40 SECTION 5.07 Reserve Account 42 43 SECTION 5.08 [Reserved] 43 44 SECTION 5.09 Statements to Certificateholder and Noteholders 43 44 SECTION 5.10 Net Deposits 45 46 ARTICLE VI THE SELLER SECTION 6.01 Representations of Seller 45 46 SECTION 6.02 Company Existence 46 47 SECTION 6.03 Liability of Seller; Indemnities 47 48 SECTION 6.04 Merger or Consolidation of, or Assumption of the Obligations of, Seller 48 49 SECTION 6.05 Limitation on Liability of Seller and Others 48 49 SECTION 6.06 Seller May Own Certificate or Notes 48 49 ARTICLE VII THE SERVICER SECTION 7.01 Representations of Servicer 49 50 SECTION 7.02 Indemnities of Servicer 50 51 SECTION 7.03 Merger or Consolidation of, or Assumption of the Obligations of, Servicer 51 52 SECTION 7.04 Limitation on Liability of Servicer and Others 52 53 SECTION 7.05 TMCC Not To Resign as Servicer 52 53 ARTICLE VIII

Appears in 2 contracts

Samples: Sale and Servicing Agreement (Toyota Auto Receivables 2011-a Owner Trust), Sale and Servicing Agreement (Toyota Auto Receivables 2011-a Owner Trust)

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ACCOUNTS; PAYMENTS AND DISTRIBUTIONS; STATEMENTS TO SECURITYHOLDERS. SECTION 5.01 Establishment of Collection Account 37 SECTION 5.02 Collections 38 39 SECTION 5.03 Application of Collections 39 SECTION 5.04 [Reserved] 39 SECTION 5.05 Additional Deposits 39 SECTION 5.06 Payments and Distributions 39 40 SECTION 5.07 Reserve Account 42 43 SECTION 5.08 [Reserved] 43 44 SECTION 5.09 Statements to Certificateholder and Noteholders 43 44 SECTION 5.10 Net Deposits 45 46 ARTICLE VI THE SELLER SECTION 6.01 Representations of Seller 45 46 SECTION 6.02 Company Existence 46 47 SECTION 6.03 Liability of Seller; Indemnities 47 48 SECTION 6.04 Merger or Consolidation of, or Assumption of the Obligations of, Seller 48 49 SECTION 6.05 Limitation on Liability of Seller and Others 48 49 SECTION 6.06 Seller May Own Certificate or Notes 48 49 ARTICLE VII THE SERVICER SECTION 7.01 Representations of Servicer 49 50 SECTION 7.02 Indemnities of Servicer 50 51 SECTION 7.03 Merger or Consolidation of, or Assumption of the Obligations of, Servicer 51 52 SECTION 7.04 Limitation on Liability of Servicer and Others 52 53 SECTION 7.05 TMCC Not To Resign as Servicer 52 ARTICLE VIII53

Appears in 1 contract

Samples: Sale and Servicing Agreement (Toyota Auto Receivables 2012-B Owner Trust)

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