Common use of Administration of the Cash Collateral Account Clause in Contracts

Administration of the Cash Collateral Account. Funds on deposit --------------------------------------------- in the Cash Collateral Account shall at all times be invested by the Trustee in Eligible Investments, which may be obligations of Affiliates of the Seller or the Servicer and which may, with the written consent of Standard & Poor's, be rated A-1 instead of A-1+. The Seller shall direct the Trustee as to the selection of such Eligible Investments. Funds on deposit in the Cash Collateral Account for any Distribution Date, after giving effect to any deposits to or withdrawals from the Cash Collateral Account for such Distribution Date, shall be invested in Eligible Investments that will mature so that such funds will be available for withdrawal on the following Transfer Date. The proceeds of any such investments shall at all times be invested in Eligible Investments that will mature so that such funds will be available for withdrawal on or prior to the Transfer Date immediately following the date of such investment. The Seller shall furnish or cause to be furnished to the Trustee a monthly statement reporting all activity with respect to the Cash Collateral Account. The Trustee shall maintain for the benefit of the Series 1996-Q Certificateholders, possession, itself or through a bailee, of the negotiable instruments or securities, if any, evidencing the Eligible Investments described in clause (a) of the definition thereof from the time of purchase thereof until the time of sale or maturity. On each Transfer Date, all interest and other investment earnings (net of losses and investment expenses) earned during the period since the preceding Transfer Date on funds on deposit in the Cash Collateral Account shall be paid to, or upon the order of, the Seller. In addition, after the occurrence of a Conversion Deposit, any Cash Collateral Account Surplus shall be withdrawn on any Transfer Date for application in accordance with the Loan Agreement. For purposes of determining the availability of funds or the balances in the Cash Collateral Account for any reason under this Agreement, all investment earnings on such funds shall be deemed not to be available or on deposit.

Administration of the Cash Collateral Account. Funds on --------------------------------------------- deposit --------------------------------------------- in the Cash Collateral Account shall at all times be invested by the Trustee in Eligible Investments, which may be obligations of Affiliates of the Seller or the Servicer and which may, with the written consent of Standard & Poor's, be rated A-1 instead of A-1+. The Seller shall direct the Trustee as to the selection of such Eligible Investments. Funds on deposit in the Cash Collateral Account for any Distribution Date, after giving effect to any deposits to or withdrawals from the Cash Collateral Account for such Distribution Date, shall be invested in Eligible Investments that will mature so that such funds will be available for withdrawal on the following Transfer Date. The proceeds of any such investments shall at all times be invested in Eligible Investments that will mature so that such funds will be available for withdrawal on or prior to the Transfer Date immediately following the date of such investment. The Seller shall furnish or cause to be furnished to the Trustee a monthly statement reporting all activity with respect to the Cash Collateral Account. The Trustee shall maintain for the benefit of the Series 19961999-Q Certificateholders, Y Certificateholders possession, itself or through a bailee, of the negotiable instruments or securities, if any, evidencing the Eligible Investments described in clause (a) of the definition thereof from the time of purchase thereof until the time of sale or maturity. On each Transfer Date, all interest and other investment earnings (net of losses and investment expenses) earned during the period since the preceding Transfer Date on funds on deposit in the Cash Collateral Account shall be paid to, or upon the order of, the Seller. In addition, after the occurrence of a Conversion Deposit, any Cash Collateral Account Surplus shall be withdrawn on any Transfer Date for application in accordance with the Loan Agreement. For purposes of determining the availability of funds or the balances in the Cash Collateral Account for any reason under this Agreement, all investment earnings on such funds shall be deemed not to be available or on deposit.

Administration of the Cash Collateral Account. Funds on deposit --------------------------------------------- in the Cash Collateral Account shall at all times be invested by the Trustee in Eligible Investments, which may be obligations of Affiliates of the Seller or the Servicer and which may, with the written consent of Standard & Poor's, be rated A-1 instead of A-1+. The Seller shall direct the Trustee as to the selection of such Eligible Investments. Funds on deposit in the Cash Collateral Account for any Distribution Date, after giving effect to any deposits to or withdrawals from the Cash Collateral Account for such Distribution Date, shall be invested in Eligible Investments that will mature so that such funds will be available for withdrawal on the following Transfer Date. The proceeds of any such investments shall at all times be invested in Eligible Investments that will mature so that such funds will be available for withdrawal on or prior to the Transfer Date immediately following the date of such investment. The Seller shall furnish or cause to be furnished to the Trustee a monthly statement reporting all activity with respect to the Cash Collateral Account. The Trustee shall maintain for the benefit of the Series 1996-Q R Certificateholders, possession, itself or through a bailee, of the negotiable instruments or securities, if any, evidencing the Eligible Investments described in clause (a) of the definition thereof from the time of purchase thereof until the time of sale or maturity. On each Transfer Date, all interest and other investment earnings (net of losses and investment expenses) earned during the period since the preceding Transfer Date on funds on deposit in the Cash Collateral Account shall be paid to, or upon the order of, the Seller. In addition, after the occurrence of a Conversion Deposit, any Cash Collateral Account Surplus shall be withdrawn on any Transfer Date for application in accordance with the Loan Agreement. For purposes of determining the availability of funds or the balances in the Cash Collateral Account for any reason under this Agreement, all investment earnings on such funds shall be deemed not to be available or on deposit.

Administration of the Cash Collateral Account. Funds on deposit in --------------------------------------------- in the Cash Collateral Account shall at all times be invested by the Trustee in Eligible Investments, which may be obligations of Affiliates of the Seller or the Servicer and which may, with the written consent of Standard & Poor's, be rated A-1 instead of A-1+. The Seller shall direct the Trustee as to the selection of such Eligible Investments. Funds on deposit in the Cash Collateral Account for any Distribution Date, after giving effect to any deposits to or withdrawals from the Cash Collateral Account for such Distribution Date, shall be invested in Eligible Investments that will mature so that such funds will be available for withdrawal withdraw- al on the following Transfer Date. The proceeds of any such investments shall at all times be invested in Eligible Investments that will mature so that such funds will be available for withdrawal on or prior to the Transfer Date immediately following the date of such investment. The Seller shall furnish or cause to be furnished to the Trustee a monthly statement reporting all activity with respect to the Cash Collateral Account. The Trustee shall maintain for the benefit of the Series 19961997-Q Certificateholders, U Certificateholders possession, itself or through a bailee, of the negotiable instruments or securities, if any, evidencing the Eligible Investments described in clause (a) of the definition thereof from the time of purchase thereof until the time of sale or maturity. On each Transfer Date, all interest and other investment earnings (net of losses and investment expenses) earned during the period since the preceding Transfer Date on funds on deposit in the Cash Collateral Account shall be paid to, or upon the order of, the Seller. In addition, after the occurrence of a Conversion Deposit, any Cash Collateral Account Surplus shall be withdrawn on any Transfer Date for application in accordance with the Loan Agreement. For purposes of determining the availability of funds or the balances in the Cash Collateral Account for any reason under this Agreement, all investment earnings on such funds shall be deemed not to be available or on deposit.

Administration of the Cash Collateral Account. Funds on deposit --------------------------------------------- in the Cash Collateral Account shall at all times be invested by the Trustee in Eligible Investments, which may be obligations of Affiliates of the Seller or the Servicer and which may, with the written consent of Standard & Poor's, be rated A-1 instead of A-1+. The Seller shall direct the Trustee as to the selection of such Eligible Investments. Funds on deposit in the Cash Collateral Account for any Distribution Date, after giving effect to any deposits to or withdrawals from the Cash Collateral Account for such Distribution Date, shall be invested in Eligible Investments that will mature so that such funds will be available for withdrawal on the following Transfer Date. The proceeds of any such investments shall at all times be invested in Eligible Investments that will mature so that such funds will be available for withdrawal with- drawal on or prior to the Transfer Date immediately following the date of such investment. The Seller shall furnish or cause to be furnished to the Trustee a monthly statement reporting all activity with respect to the Cash Collateral Account. The Trustee shall maintain for the benefit of the Series 19961998-Q Certificateholders, V Certificateholders possession, itself or through a bailee, of the negotiable instruments or securities, if any, evidencing the Eligible Investments described in clause (a) of the definition thereof from the time of purchase thereof until the time of sale or maturity. On each Transfer Date, all interest and other investment earnings (net of losses and investment expenses) earned during the period since the preceding Transfer Date on funds on deposit in the Cash Collateral Account shall be paid to, or upon the order of, the Seller. In addition, after the occurrence of a Conversion Deposit, any Cash Collateral Account Surplus shall be withdrawn on any Transfer Date for application in accordance with the Loan Agreement. For purposes of determining the availability of funds or the balances in the Cash Collateral Account for any reason under this Agreement, all investment earnings on such funds shall be deemed not to be available or on deposit.

Administration of the Cash Collateral Account. Funds on deposit --------------------------------------------- in the Cash Collateral Account shall at all times be invested by the Trustee in Eligible Investments, which may be obligations of Affiliates of the Seller or the Servicer and which may, with the written consent of Standard & Poor's, be rated A-1 instead of A-1+. The Seller shall direct the Trustee as to the selection of such Eligible Investments. Funds on deposit in the Cash Collateral Account for any Distribution Date, after giving effect to any deposits to or withdrawals from the Cash Collateral Account for such Distribution Date, shall be invested in Eligible Investments that will mature so that such funds will be available for withdrawal on the following Transfer Date. The proceeds of any such investments shall at all times be invested in Eligible Investments that will mature so that such funds will be available for withdrawal on or prior to the Transfer Date immediately following the date of such investment. The Seller shall furnish or cause to be furnished to the Trustee a monthly statement reporting all activity with respect to the Cash Collateral Account. The Trustee shall maintain for the benefit of the Series 1996-Q S Certificateholders, possession, itself or through a bailee, of the negotiable instruments or securities, if any, evidencing the Eligible Investments described in clause (a) of the definition thereof from the time of purchase thereof until the time of sale or maturity. On each Transfer Date, all interest and other investment earnings (net of losses and investment expenses) earned during the period since the preceding Transfer Date on funds on deposit in the Cash Collateral Account shall be paid to, or upon the order of, the Seller. In addition, after the occurrence of a Conversion Deposit, any Cash Collateral Account Surplus shall be withdrawn on any Transfer Date for application in accordance with the Loan Agreement. For purposes of determining the availability of funds or the balances in the Cash Collateral Account for any reason under this Agreement, all investment earnings on such funds shall be deemed not to be available or on deposit.

Administration of the Cash Collateral Account. Funds on --------------------------------------------- deposit --------------------------------------------- in the Cash Collateral Account shall at all times be invested by the Trustee in Eligible Investments, which may be obligations of Affiliates of the Seller or the Servicer and which may, with the written consent of Standard & Poor's, be rated A-1 instead of A-1+. The Seller shall direct the Trustee as to the selection of such Eligible Investments. Funds on deposit in the Cash Collateral Account for any Distribution Date, after giving effect to any deposits to or withdrawals from the Cash Collateral Account for such Distribution Date, shall be invested in Eligible Investments that will mature so that such funds will be available for withdrawal withdraw- al on the following Transfer Date. The proceeds of any such investments shall at all times be invested in Eligible Investments that will mature so that such funds will be available for withdrawal on or prior to the Transfer Date immediately following the date of such investment. The Seller shall furnish or cause to be furnished to the Trustee a monthly statement reporting all activity with respect to the Cash Collateral Account. The Trustee shall maintain for the benefit of the Series 19961997-Q Certificateholders, T Certificateholders possession, itself or through a bailee, of the negotiable instruments or securities, if any, evidencing the Eligible Investments described in clause (a) of the definition thereof from the time of purchase thereof until the time of sale or maturity. On each Transfer Date, all interest and other investment earnings (net of losses and investment expenses) earned during the period since the preceding Transfer Date on funds on deposit in the Cash Collateral Account shall be paid to, or upon the order of, the Seller. In addition, after the occurrence of a Conversion Deposit, any Cash Collateral Account Surplus shall be withdrawn on any Transfer Date for application in accordance with the Loan Agreement. For purposes of determining the availability of funds or the balances in the Cash Collateral Account for any reason under this Agreement, all investment earnings on such funds shall be deemed not to be available or on deposit.

Administration of the Cash Collateral Account. Funds on --------------------------------------------- deposit --------------------------------------------- in the Cash Collateral Account shall at all times be invested by the Trustee in Eligible Investments, which may be obligations of Affiliates of the Seller or the Servicer and which may, with the written consent of Standard & Poor's, be rated A-1 instead of A-1+. The Seller shall direct the Trustee as to the selection of such Eligible Investments. Funds on deposit in the Cash Collateral Account for any Distribution Date, after giving effect to any deposits to or withdrawals from the Cash Collateral Account for such Distribution Date, shall be invested in Eligible Investments that will mature so that such funds will be available for withdrawal on the following Transfer Date. The proceeds of any such investments shall at all times be invested in Eligible Investments that will mature so that such funds will be available for withdrawal on or prior to the Transfer Date immediately following the date of such investment. The Seller shall furnish or cause to be furnished to the Trustee a monthly statement reporting all activity with respect to the Cash Collateral Account. The Trustee shall maintain for the benefit of the Series 19961999-Q Certificateholders, X Certificateholders possession, itself or through a bailee, of the negotiable instruments or securities, if any, evidencing the Eligible Investments described in clause (a) of the definition thereof from the time of purchase thereof until the time of sale or maturity. On each Transfer Date, all interest and other investment earnings (net of losses and investment expenses) earned during the period since the preceding Transfer Date on funds on deposit in the Cash Collateral Account shall be paid to, or upon the order of, the Seller. In addition, after the occurrence of a Conversion Deposit, any Cash Collateral Account Surplus shall be withdrawn on any Transfer Date for application in accordance with the Loan Agreement. For purposes of determining the availability of funds or the balances in the Cash Collateral Account for any reason under this Agreement, all investment earnings on such funds shall be deemed not to be available or on deposit.

Administration of the Cash Collateral Account. Funds on deposit --------------------------------------------- in the Cash Collateral Account shall at all times be invested by the Trustee in Eligible Investments, which may be obligations of Affiliates of the Seller or the Servicer and which may, with the written consent of Standard & Poor's, be rated A-1 instead of A-1+. The Seller shall direct the Trustee as to the selection of such Eligible Investments. Funds on deposit in the Cash Collateral Account for any Distribution Date, after giving effect to any deposits to or withdrawals from the Cash Collateral Account for such Distribution Date, shall be invested in Eligible Investments that will mature so that such funds will be available for withdrawal withdraw- al on the following Transfer Date. The proceeds of any such investments shall at all times be invested in Eligible Investments that will mature so that such funds will be available for withdrawal on or prior to the Transfer Date immediately following the date of such investment. The Seller shall furnish or cause to be furnished to the Trustee a monthly statement reporting all activity with respect to the Cash Collateral Account. The Trustee shall maintain for the benefit of the Series 1996-Q Certificateholders, 1998- Certificateholders possession, itself or through a bailee, of the negotiable instruments or securities, if any, evidencing the Eligible Investments described in clause (a) of the definition thereof from the time of purchase thereof until the time of sale or maturity. On each Transfer Date, all interest and other investment earnings (net of losses and investment expenses) earned during the period since the preceding Transfer Date on funds on deposit in the Cash Collateral Account shall be paid to, or upon the order of, the Seller. In addition, after the occurrence of a Conversion Deposit, any Cash Collateral Account Surplus shall be withdrawn on any Transfer Date for application in accordance with the Loan Agreement. For purposes of determining the availability of funds or the balances in the Cash Collateral Account for any reason under this Agreement, all investment earnings on such funds shall be deemed not to be available or on deposit.