Application of Holding Trust Funds; Certain Duties Sample Clauses

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Application of Holding Trust Funds; Certain Duties. SECTION 11.1. [Reserved].

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Related to Application of Holding Trust Funds; Certain Duties

• Application of Trust Funds Certain Duties Section 5.01. [Reserved].

• Application of Trust Funds (a) On each Payment Date, the Paying Agent will distribute to Certificateholders, on the basis of the Percentage Interest evidenced by their Trust Certificates, amounts deposited in the Certificate Distribution Account pursuant to Section 4.06 of the Sale and Servicing Agreement with respect to such Payment Date.

• Application of Trust Money The Trustee shall hold in trust money or U.S. Government Obligations deposited with it pursuant to this Article 8. It shall apply the deposited money and the money from U.S. Government Obligations through the Paying Agent and in accordance with this Indenture to the payment of principal of and interest on the Securities.