Common use of ADMINISTRATION OF THE ACCOUNTS Clause in Contracts

ADMINISTRATION OF THE ACCOUNTS. (i) The Trustee at all times shall maintain accurate records reflecting each transaction in the Series 2001-A Accounts. Funds held therein shall at all times be held in trust for the benefit of the Series 2001-A Certificateholders. Pursuant to the authority granted to it pursuant to Section 6.1(b) of the Master Trust Agreement, the Servicer hereby instructs the Trustee to make deposits to and transfers from the Series 2001-A Accounts in accordance with the terms and conditions of the Master Trust Agreement and this Supplement. All such instructions from the Servicer to the Trustee shall be in writing; PROVIDED, HOWEVER, that the Servicer is entitled to give instructions to the Trustee by facsimile.

Appears in 3 contracts

Samples: Execution Version (TMM Holdings), TMM Holdings, TMM Holdings Sa De Cv

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ADMINISTRATION OF THE ACCOUNTS. (i) The Trustee at all times shall maintain accurate records reflecting each transaction in the Series 20012002-A Accounts. Funds held therein shall at all times be held in trust for the benefit of the Series 20012002-A Certificateholders. Pursuant to the authority granted to it pursuant to Section 6.1(b) of the Master Trust Agreement, the Servicer hereby instructs the Trustee to make deposits to and transfers from the Series 20012002-A Accounts in accordance with the terms and conditions of the Master Trust Agreement and this Supplement. All such instructions from the Servicer to the Trustee shall be in writing; PROVIDED, HOWEVER, that the Servicer is entitled to give instructions to the Trustee by facsimile.

Appears in 2 contracts

Samples: TMM Holdings Sa De Cv, TMM Holdings

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