Common use of ADDITIONAL TRUST ACCOUNTS Clause in Contracts

ADDITIONAL TRUST ACCOUNTS. (i) From time to time open Additional Trust Accounts may be opened in the name of the Receivables Trustee which will be held and operated for the benefit of the Beneficiaries (on an undivided or a segregated basis) of the Receivables Trust at the Operating Banks or at any other Qualified Institution as specified in any Supplement which shall bear a designation clearly indicating that the funds deposited therein are held on a separate trust for the benefit of the Beneficiaries of the Receivables Trust or any one or more of them on an undivided basis or segregated separate trust as the case may be. (ii) The Receivables Trustee, as trustee of the Receivables Trust, shall possess all legal right, title and interest in all funds on deposit from time to time in such Additional Trust Accounts and in all proceeds thereof. (iii) The Receivables Trustee shall procure that at all times accurate records are maintained reflecting each transaction in any Additional Trust Account and all debits and credits recorded in any ledger relating thereto.

ADDITIONAL TRUST ACCOUNTS. (i) From The Receivables Trustee may from time to time open Additional Trust Accounts may be opened in the its name of the Receivables Trustee which it will be held hold and operated operate for the benefit of the Beneficiaries (on an undivided or a segregated basis) of the Receivables Trust at the Operating Banks Bank or at any other Qualified Institution as specified in any Supplement which shall bear a designation clearly indicating that the funds deposited therein are held on a separate trust for the benefit of the Beneficiaries of the Receivables Trust or any one or more of them on an undivided basis or segregated separate trust as the case may be. (ii) The Receivables Trustee, as trustee of the Receivables Trust, shall possess all legal right, title and interest in all funds on deposit from time to time in such Additional Trust Accounts and in all proceeds thereof. (iii) The Receivables Trustee shall procure that at all times shall maintain accurate records are maintained reflecting each transaction in any Additional Trust Account and all debits and credits recorded in any ledger relating thereto.

ADDITIONAL TRUST ACCOUNTS. (i) From time to time open Additional Trust Accounts may may, from time to time, be opened in the name of the Receivables Trustee which will be held and operated for the benefit of the Beneficiaries (on an undivided or a segregated basis, depending on the nature of the relevant trust) of the Receivables Trust at the Operating Banks Receivables Trustee Account Bank or at any other Qualified Institution as specified in any Supplement which shall bear a designation clearly indicating that the funds deposited therein are held on a separate trust for the benefit of the Beneficiaries of the Receivables Trust or any one or more of them on an undivided basis or segregated separate trust as the case may be. (ii) The Receivables Trustee, as trustee of the Receivables Trust, shall possess all legal right, title and interest in all funds on deposit from time to time in such Additional Trust Accounts and in all proceeds thereof. (iii) The Receivables Trustee shall procure that at all times shall maintain accurate records are maintained reflecting each transaction in any Additional Trust Account and all debits and credits recorded in any ledger relating thereto.