Common use of Application of Trust Money Clause in Contracts

Application of Trust Money. All monies deposited with the Indenture Trustee pursuant to Section 4.1 shall be held in trust and applied by the Indenture Trustee, in accordance with the provisions of the Notes and this Indenture, to the payment, either directly or through any Paying Agent, to the Holders of the Notes for the payment or redemption of which such monies have been deposited with the Indenture Trustee, of all sums due and to become due thereon for principal and interest, but such monies need not be segregated from other funds except to the extent required herein or in the Sale and Servicing Agreement or required by law.

Appears in 99 contracts

Samples: Indenture (CarMax Auto Owner Trust 2024-4), Indenture (Carmax Auto Funding LLC), Indenture (CarMax Auto Owner Trust 2024-3)

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Application of Trust Money. All monies deposited with the Indenture Trustee pursuant to Section 4.1 4.01 hereof shall be held in trust and applied by the Indenture Trusteeit, in accordance with the provisions of the Notes and this Indenture, to the payment, either directly or through any Paying Agent, as the Indenture Trustee may determine, to the Holders of the particular Notes for the payment or redemption of which such monies have been deposited with the Indenture Trustee, of all sums due and to become due thereon for principal and interest, ; but such monies need not be segregated from other funds except to the extent required herein or in the Sale and Servicing Agreement or required by law.

Appears in 75 contracts

Samples: Indenture (World Omni Auto Receivables Trust 2024-C), Indenture (World Omni Auto Receivables Trust 2024-C), Indenture (World Omni Select Auto Trust 2024-A)

Application of Trust Money. All monies moneys deposited with the Indenture Trustee pursuant to Section 4.1 4.01 hereof shall be held in trust and applied by the Indenture Trustee, it in accordance with the provisions of the Notes and this Indenture, Indenture to the payment, either directly or through any Paying Agent, as the Indenture Trustee may determine, to the Holders of the particular Notes for the payment or redemption of which such monies moneys have been deposited with the Indenture Trustee, of all sums due and to become due thereon for principal and interest, ; but such monies moneys need not be segregated from other funds except to the extent required herein or herein, in the Sale and Servicing Agreement or required by law.

Appears in 68 contracts

Samples: Indenture (Hyundai Auto Receivables Trust 2023-B), Indenture (Hyundai Auto Receivables Trust 2023-B), Indenture (Hyundai Auto Receivables Trust 2023-A)

Application of Trust Money. All monies moneys deposited with the Indenture Trustee pursuant to Section 4.1 4.01 shall be held in trust and applied by the Indenture Trusteeit, in accordance with the provisions of the Notes and this Indenture, to the payment, either directly or through any Paying Agent, as the Indenture Trustee may determine, to the Holders of the particular Notes for the payment or redemption of which such monies moneys have been deposited with the Indenture Trustee, of all sums due and to become due thereon for principal and interest, ; but such monies moneys need not be segregated from other funds except to the extent required herein or in the Sale and Servicing Agreement or required by law.

Appears in 52 contracts

Samples: Indenture (John Deere Owner Trust 2015-B), Indenture (John Deere Owner Trust 2015), Indenture (John Deere Owner Trust 2014)

Application of Trust Money. All monies moneys deposited with the Indenture Trustee pursuant to Section 4.1 4.01 hereof shall be held in trust and applied by the Indenture Trusteeit, in accordance with the provisions of the Notes and this Indenture, to the payment, either directly or through any Paying Agent, as the Indenture Trustee may determine, to the Holders of the particular Notes for the payment or redemption of which such monies moneys have been deposited with the Indenture Trustee, of all sums due and to become due thereon for principal and interest, ; but such monies moneys need not be segregated from other funds except to the extent required herein or in the Sale and Servicing Agreement or required by law.

Appears in 51 contracts

Samples: Indenture (First Merchants Acceptance Corp), Indenture Agreement (First Merchants Acceptance Corp), Indenture (Chrysler Financial Co LLC)

Application of Trust Money. All monies deposited with the Indenture Trustee pursuant to Section 4.1 this Article shall be held in trust and applied by the Indenture Trustee, in accordance with the provisions of the Notes and this Indenture, to the payment, either directly or through any Paying Agent, to the Holders of the Notes for the payment or redemption of which such monies have been deposited with the Indenture Trustee, of all sums due and to become due thereon for principal and interest, but such monies need not be segregated from other funds except to the extent required herein or in the Sale and Servicing Agreement or required by lawApplicable Law.

Appears in 32 contracts

Samples: Indenture (Daimler Trucks Retail Trust 2024-1), Indenture (Daimler Trucks Retail Trust 2024-1), Indenture (Mercedes-Benz Auto Receivables Trust 2024-1)

Application of Trust Money. All monies deposited with the Indenture Trustee pursuant to Section 4.1 shall be held in trust and applied by the Indenture Trusteeit, in accordance with the provisions of the Notes and this Indenture, to the payment, either directly or through any Paying Agent, as the Indenture Trustee may determine, to the Holders of the particular Notes for the payment or redemption of which such monies have been deposited with the Indenture Trustee, of all sums due and to become due thereon for principal and interest, ; but such monies need not be segregated from other funds except to the extent required herein or in the Sale and Servicing Agreement or as required by law.

Appears in 31 contracts

Samples: Indenture (CNH Equipment Trust 2024-C), Indenture (CNH Equipment Trust 2024-C), Indenture (CNH Equipment Trust 2024-B)

Application of Trust Money. All monies deposited with the Indenture Trustee pursuant to Section 4.1 4.10 hereof shall be held in trust and applied by the Indenture Trusteeit, in accordance with the provisions of the Notes Bonds and this Indenture, to the payment, either directly or through any Paying AgentAgent or the Issuer, Certificate Paying Agent as designee of the Issuer, as the Indenture Trustee may determine, to the Holders of the Notes for the payment or redemption of which such monies have been deposited with the Indenture TrusteeSecurities, of all sums due and to become due thereon for principal and interest, interest or otherwise; but such monies need not be segregated from other funds except to the extent required herein or in the Sale and Servicing Agreement or required by law.

Appears in 29 contracts

Samples: Indenture (Impac CMB Trust Series 2005-8), Indenture (IMPAC CMB Trust Series 2005-5), Indenture (Imh Assets Corp Impac CMB Trust Series 2004-7)

Application of Trust Money. All monies deposited with the Indenture Trustee pursuant to Section 4.1 4.01 shall be held in trust and applied by the Indenture Trusteeit, in accordance with the provisions of the Notes and this Indenture, to the payment, either directly or through any Paying Agent, as the Indenture Trustee may determine, to the Holders of the particular Notes for the payment or redemption of which such monies have been deposited with the Indenture Trustee, of all sums due and to become due thereon for principal and interest, ; but such monies need not be segregated from other funds except to the extent required herein or in the Sale and Servicing Agreement or required by law.

Appears in 27 contracts

Samples: Indenture (Onyx Acceptance Owner Trust 2005-A), Indenture (Onyx Acceptance Financial Corp), Indenture (Onyx Acceptance Financial Corp)

Application of Trust Money. All monies deposited with the Indenture Trustee pursuant to Section 4.1 4.10 hereof shall be held in trust and applied by the Indenture Trusteeit, in accordance with the provisions of the Notes and this Indenture, to the payment, either directly or through any Paying AgentAgent or the Issuer, Certificate Paying Agent as designee of the Issuer, as the Indenture Trustee may determine, to the Holders of the Notes for the payment or redemption of which such monies have been deposited with the Indenture TrusteeCertificates, of all sums due and to become due thereon for principal and interest, interest or otherwise; but such monies need not be segregated from other funds except to the extent required herein or in the Sale and Servicing Agreement or required by law.

Appears in 26 contracts

Samples: Indenture (New Century Home Equity Loan Trust 2005-2), Indenture (New Century Alternative Mortgage Loan Trust 2006-Alt1), Indenture (New Century Home Equity Loan Trust 2005-4)

Application of Trust Money. All monies deposited with the Indenture Trustee pursuant to Section 4.1 shall be held in trust and applied by the Indenture Trusteeit, in accordance with the provisions of the Notes and this Indenture, to the payment, either directly or through any Paying Agent, as the Indenture Trustee may determine, to the Holders of the particular Notes for the payment or redemption of which such monies have been deposited with the Indenture Trustee, of all sums due and to become due thereon for principal and interest, but such monies need not be segregated from other funds except to the extent required herein or in the Sale and Servicing Agreement or required by law.

Appears in 21 contracts

Samples: Indenture (Daimler Benz Vehicle Receivables Corp), Indenture (Mmca Auto Receivables Trust Ii), Indenture (Mmca Auto Receivables Trust)

Application of Trust Money. All monies deposited with the Indenture Trustee pursuant to Section 4.1 4.01 shall be held in trust and applied by the Indenture Trusteeit, in accordance with the provisions of the Notes and this Indenture, to the payment, either directly or through any Paying Agent, as the Trustee may determine, to the Holders of the particular Notes for the payment or redemption of which such monies have been deposited with the Indenture Trustee, of all sums due and to become due thereon for principal and interest, ; but such monies need not be segregated from other funds except to the extent required herein or in the Sale and Servicing Agreement or required by law.

Appears in 17 contracts

Samples: Indenture (WFS Financial 1996-D Owner Trust), Indenture (WFS Financial Auto Loans Inc), Indenture (WFS Receivables Corp 2)

Application of Trust Money. All monies deposited with the Indenture Trustee pursuant to Section 4.1 4.01 shall be held in trust and applied by the Indenture Trusteeit, in accordance with the provisions of the Notes and this Indenture, to the payment, either directly or through any Paying Agent, as the Indenture Trustee may determine, to the Holders of the particular Notes for the payment or redemption of which such monies have been deposited with the Indenture Trustee, of all sums due and to become due thereon for principal and interest, ; but such monies need not be segregated from other funds except to the extent required herein or in the Sale and Servicing Trust Agreement or required by law.

Appears in 17 contracts

Samples: Indenture (Uacsc Auto Trusts Uacsc 1999-C Owner Trust Auto Rec Bac Note), Indenture (Uacsc Auto Trusts Uacsc 2000-B Owner Trust Auto Rec Bac Note), Indenture (Uacsc 1999-B Owner Tr Auto Rec Bk Notes)

Application of Trust Money. All monies moneys deposited with the Indenture Trustee pursuant to Section 4.1 hereof shall be held in trust and applied by the Indenture Trusteeit, in accordance with the provisions of the Notes and this Indenture, to the payment, either directly or through any Note Paying Agent, as the Trustee may determine, to the Holders of the particular Notes for the payment or redemption of which such monies moneys have been deposited with the Indenture Trustee, of all sums due and to become due thereon for principal and interest, ; but such monies moneys need not be segregated from other funds except to the extent required herein or in the Sale and Servicing Agreement or required by law.

Appears in 16 contracts

Samples: Indenture (Consumer Portfolio Services Inc), Indenture (Consumer Portfolio Services Inc), Indenture (Consumer Portfolio Services Inc)

Application of Trust Money. All monies moneys deposited with the Indenture Trustee pursuant to Section 4.1 shall be held in trust and applied by the Indenture Trusteeit, in accordance with the provisions of the Notes and this Indenture, to the payment, either directly or through any Paying Agent, as the Indenture Trustee may determine, to the Holders of the particular Notes for the payment or redemption of which such monies moneys have been deposited with the Indenture Trustee, of all sums due and to become due thereon for principal and interest, ; but such monies moneys need not be segregated from other funds except to the extent required herein or in the Sale and Servicing Agreement or as required by law.

Appears in 14 contracts

Samples: Indenture (Case Receivables Ii Inc), Indenture (Case Receivables Ii Inc), Indenture (CNH Capital Receivables Inc)

Application of Trust Money. All monies moneys deposited with the Indenture Trustee pursuant to Section 4.1 4.01 shall be held in trust and applied by the Indenture Trusteeit, in accordance with the provisions of the Notes and this Indenture, to the payment, either directly or through any Paying Agent, as the Indenture Trustee may determine, to the Holders of the particular Notes for the payment or redemption of which such monies moneys have been deposited with the Indenture Trustee, of all sums due and to become due thereon for principal and interest, ; but such monies moneys need not be segregated from other funds except to the extent required herein or in the Sale Pooling and Servicing Agreement or required by law.

Appears in 14 contracts

Samples: Indenture (Cit Funding Co, LLC), Indenture (Cit Funding Co, LLC), Indenture (Cit Equipment Collateral 2006-Vt2)

Application of Trust Money. All monies moneys deposited with the Indenture Trustee pursuant to Section 4.1 Sections 3.03 and 4.01 hereof shall be held in trust and applied by the Indenture Trusteeit, in accordance with the provisions of the Notes and this Indenture, to the payment, either directly or through any Paying Agent, as the Indenture Trustee may determine, to the Holders of the Notes for the payment or redemption of which such monies have been deposited with the Indenture Trustee, of all sums due and to become due thereon for principal and interest, ; but such monies moneys need not be segregated from other funds except to the extent required herein or in the Sale and Servicing Agreement or otherwise required by law.

Appears in 11 contracts

Samples: Indenture (Saxon Asset Securities Trust 2005-1), Indenture (Sast 2006-3), Indenture (Greenwich Capital Acceptance Thornburg Sec Tr 2003-4)

Application of Trust Money. All monies moneys deposited with the Indenture Trustee pursuant to Section Sections 3.3 and 4.1 hereof shall be held in trust and applied by the Indenture Trusteeit, in accordance with the provisions of the Notes Sale and this IndentureServicing Agreement, to the payment, either directly or through any Paying Agent, Agent to the Holders of the particular Notes and the Insurer for the payment or redemption of which such monies moneys have been deposited with the Indenture Trustee, of all sums due and to become due thereon for principal and interest, ; but such monies moneys need not be segregated from other funds except to the extent required herein or in the Sale and Servicing Agreement or required by law.

Appears in 11 contracts

Samples: Indenture (Chec Funding LLC), Indenture (Bond Securitization LLC), Indenture (HFC Revolving Corp Household Home Equity Loan Trust 2002-3)

Application of Trust Money. All monies deposited with the Indenture Trustee pursuant to Section 4.1 this Article shall be held in trust and applied by the Indenture Trusteeit, in accordance with the provisions of the Notes and this Indenture, to the payment, either directly or through any Paying Agent, as the Indenture Trustee may determine, to the Holders of the Notes for the payment or redemption of which such monies have been deposited with the Indenture Trustee, of all sums due and to become due thereon for principal and interest, ; but such monies need not be segregated from other funds except to the extent required herein or in the Sale and Servicing Agreement or required by lawApplicable Law.

Appears in 9 contracts

Samples: Indenture (California Republic Auto Receivables Trust 2018-1), Indenture (California Republic Auto Receivables Trust 2018-1), Indenture (California Republic Auto Receivables Trust 2017-1)

Application of Trust Money. All monies moneys deposited with the Indenture Trustee pursuant to Section 4.1 shall be held in trust and applied by the Indenture Trusteeit, in accordance with the provisions of the Notes and this Indenture, to the payment, either directly or through any Paying Agent, as Indenture Trustee may determine, to the Holders of the particular Notes for the payment or redemption of which such monies moneys have been deposited with the Indenture Trustee, of all sums due and to become due thereon for principal and interest, ; but such monies moneys need not be segregated from other funds except to the extent required herein or in the Sale and Servicing Agreement or required by law.

Appears in 9 contracts

Samples: Indenture (Capital One Auto Receivables LLC), Indenture (Ace Securities Corp Rv & Marine Trust 2001-Rv1), Indenture (Amsouth Auto Receivables LLC)

Application of Trust Money. All monies deposited with the Indenture Trustee pursuant to Section 4.1 this Article shall be held in trust and applied by the Indenture Trustee, in accordance with the provisions of the Notes and this Indenture, to the payment, either directly or through any Paying Agent, to the Holders of the Notes for the payment or redemption of which such monies have been deposited with the Indenture Trustee, of all sums due and to become due thereon for principal and interest, ; but such monies need not be segregated from other funds except to the extent required herein or in the Sale and Servicing Agreement or required by law.

Appears in 7 contracts

Samples: Indenture (Wachovia Auto Owner Trust 2006-A), Indenture (Wachovia Auto Owner Trust 2005-B), Indenture (WDS Receivables LLC)

Application of Trust Money. All monies moneys deposited with the Indenture Trustee pursuant to Section Sections 3.3 and 4.1 hereof shall be held in trust and applied by the Indenture Trusteeit, in accordance with the provisions of the Notes Sale and this IndentureServicing Agreement, to the payment, either directly or through any Paying Agent, Agent to the Holders of the particular Notes for the payment or redemption of which such monies moneys have been deposited with the Indenture Trustee, of all sums due and to become due thereon for principal and interest, ; but such monies moneys need not be segregated from other funds except to the extent required herein or in the Sale and Servicing Agreement or required by law.

Appears in 5 contracts

Samples: Indenture (Household Mortgage Loan Trust 2003-Hc1), Indenture (HFC Revolving Corp Household Home Equity Ln Tr 2003 1), Indenture (Compass Asset Acceptance Co)

Application of Trust Money. All monies moneys deposited with the Indenture Trustee pursuant to Section 4.1 4.06 hereof shall be held in trust and applied by the Indenture Trusteeit, in accordance with the provisions of the Notes and this Indenture, to the payment, either directly or through any Paying Agent, as the Indenture Trustee may determine, to the Holders of the Notes for the payment or redemption of which such monies moneys have been deposited with the Indenture Trustee, of all sums due and to become due thereon for principal and interest, ; but such monies moneys need not be segregated from other funds except to the extent required herein or in the Sale and Servicing Agreement or required by law.

Appears in 5 contracts

Samples: Indenture (Capitalsource Inc), Indenture (Capitalsource Inc), Indenture (Capitalsource Inc)

Application of Trust Money. All monies deposited with the Indenture Trustee pursuant to Section 4.1 this Article shall be held in trust and applied by the Indenture Trustee, in accordance with the provisions of the Notes and this Indenture, to the payment, either directly or through any Paying Agent, to the Holders of the Notes for the payment or redemption of which such monies have been deposited with the Indenture Trustee, of all sums due and to become due thereon for principal and interest, but such monies need not be segregated from other funds except to the extent required herein or in the Sale and Servicing Agreement or required by law.

Appears in 5 contracts

Samples: Indenture (Daimler Retail Receivables LLC), Indenture (Mercedes-Benz Auto Receivables Trust 2011-1), Indenture (Mercedes-Benz Auto Receivables Trust 2010-1)

Application of Trust Money. All monies moneys deposited with the Indenture Trustee pursuant to Section 4.1 4.01 hereof shall be held in trust and applied by the Indenture Trustee, it in accordance with the provisions of the Notes and this Indenture, Indenture to the payment, either directly or through any Paying Agent, as the Indenture Trustee may determine, to the Holders of the particular Notes for the payment or redemption of which such monies moneys have been deposited with the Indenture Trustee, of all sums due and to become due thereon for principal and interest, ; but such monies moneys need not be segregated from other funds except to the extent required herein or in the Sale and Servicing Agreement or required by law.

Appears in 4 contracts

Samples: Indenture (Nissan Auto Receivables 2024-B Owner Trust), Indenture (Nissan Auto Receivables 2024-B Owner Trust), Indenture (Nissan Auto Receivables 2024-a Owner Trust)

Application of Trust Money. All monies moneys deposited with the Indenture Trustee pursuant to Section 4.1 hereof shall be held in trust and applied by the Indenture Trusteeit, in accordance with the provisions of the Notes and this Indenture, to the payment, either directly or through any Paying Agent, as the Indenture Trustee may determine, to the Holders Noteholders of the particular Notes for the payment or redemption of which such monies moneys have been deposited with the Indenture Trustee, of all sums due and to become due thereon for principal and interest, ; but such monies moneys need not be segregated from other funds except to the extent required herein or in the Sale Transfer and Servicing Agreement or required by law.

Appears in 4 contracts

Samples: Indenture (Crestar Bank /Va), Indenture Amendment (PNC Student Loan Trust I), Indenture (Crestar Bank /Va)

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Application of Trust Money. All monies deposited with the Indenture Trustee pursuant to Section 4.1 4.10 hereof shall be held in trust and applied by the Indenture Trusteeit, in accordance with the provisions of the Notes and this Indenture, to the payment, either directly or through any Paying AgentAgent or the Certificate Paying Agent as designee of the Issuer, as the Indenture Trustee may determine, to the Holders of the Notes for the payment or redemption of which such monies have been deposited with the Indenture TrusteeSecurities, of all sums due and to become due thereon for principal and interest, interest or otherwise; but such monies need not be segregated from other funds except to the extent required herein or in the Sale and Servicing Agreement or required by law.

Appears in 3 contracts

Samples: Trust Agreement (American Home Mortgage Investment Trust 2005-4), Indenture (American Home Mortgage Investment Trust 2004-3), Indenture (American Home Mortgage Investment Trust 2004-2)

Application of Trust Money. All monies moneys deposited with the Indenture Trustee pursuant to Section 4.1 shall be held in trust and applied by the Indenture Trusteeit, in accordance with the provisions of the Notes and this Indenture, to the payment, either directly or through any Paying Agent, as Servicer may direct, to the Holders of the particular Notes for the payment or redemption of which such monies moneys have been deposited with the Indenture Trustee, of all sums due and to become due thereon for principal and interest, ; but such monies moneys need not be segregated from other funds except to the extent required herein or in the Sale and Servicing Agreement or required by law.

Appears in 3 contracts

Samples: Indenture (Amsouth Auto Receivables LLC), Indenture (Bond Securitization LLC), Indenture (M&i Auto Loan Trust 2002-1)

Application of Trust Money. All monies deposited with the Indenture Trustee pursuant to Section 4.1 shall be held in trust and applied by the Indenture Trustee, it in accordance with the provisions of the Notes and this Indenture, Indenture to the payment, either directly or through any Paying Agent, as the Indenture Trustee may determine, to the Holders of the particular Notes for the payment or redemption of which such monies have been deposited with the Indenture Trustee, of all sums due and to become due thereon for principal and interest, ; but such monies need not be segregated from other funds except to the extent required herein or in the Sale and Servicing Agreement or required by applicable law.

Appears in 3 contracts

Samples: Indenture (First Security Bank Na), Indenture (First Security Auto Owner Trust 1999 1), Indenture (First Security Auto Owner Trust 1998-1)

Application of Trust Money. All monies deposited with the -------------------------- Indenture Trustee pursuant to Section 4.1 shall be held in trust and applied by the Indenture Trustee, in accordance with the provisions of the Notes and this Indenture, to the payment, either directly or through any Paying Agent, to the Holders of the Notes for the payment or redemption of which such monies have been deposited with the Indenture Trustee, of all sums due and to become due thereon for principal and interest, but such monies need not be segregated from other funds except to the extent required herein or in the Sale and Servicing Agreement or required by law.

Appears in 2 contracts

Samples: Indenture (Pooled Auto Securities Shelf LLC), Indenture (Pooled Auto Securities Shelf LLC)

Application of Trust Money. All monies deposited with the Indenture Trustee pursuant to Section 4.1 4.11 hereof shall be held in trust and applied by the Indenture Trusteeit, in accordance with the provisions of the Notes and this Indenture, to the payment, either directly or through any Paying AgentAgent or the Issuing Entity, Certificate Paying Agent as designee of the Issuing Entity, as the Indenture Trustee may determine, to the Holders of the Notes for the payment or redemption of which such monies have been deposited with the Indenture TrusteeNotes, of all sums due and to become due thereon for principal and interest, interest or otherwise; but such monies need not be segregated from other funds except to the extent required herein or in the Sale and Servicing Agreement or required by law.

Appears in 2 contracts

Samples: Indenture (GSC Capital Corp. Mortgage Trust 2006-1), Indenture (Merrill Lynch Mortgage Investors Inc)

Application of Trust Money. All monies deposited with the Indenture Trustee pursuant to Section Section 4.1 shall be held in trust and applied by the Indenture Trustee, in accordance with the provisions of the Notes and this Indenture, to the payment, either directly or through any Paying Agent, to the Holders of the Notes for the payment or redemption of which such monies have been deposited with the Indenture Trustee, of all sums due and to become due thereon for principal and interest, but such monies need not be segregated from other funds except to the extent required herein or in the Sale and Servicing Agreement or required by law.

Appears in 2 contracts

Samples: Indenture (CarMax Auto Owner Trust 2012-2), Indenture (CarMax Auto Owner Trust 2012-1)

Application of Trust Money. All monies deposited with the Indenture Trustee pursuant to Section 4.1 4.01 shall be held in trust and applied by the Indenture Trusteeit, in accordance with the provisions of the Notes and this Indenture, to the payment, either directly or through any Paying Agent, as the Indenture Trustee may determine, to the Holders Noteholders of the particular Notes for the payment or redemption of which such monies have been deposited with the Indenture Trustee, Trustee of all sums due and to become due thereon for principal and interest, but such . Such monies need not be segregated from other funds except to the extent required herein or in the Sale and Servicing Agreement or as required by law.

Appears in 2 contracts

Samples: Indenture (Nissan Auto Lease Trust 2003-A), Indenture (Nissan Auto Lease Trust 2004-A)

Application of Trust Money. All monies deposited with the Indenture Trustee pursuant to Section 4.1 shall be held in trust and applied by the Indenture Trusteeit, in accordance with the provisions of the Notes and this Indenture, to the payment, either directly or through any Paying Agent, as Indenture Trustee may determine, to the Holders of the particular Notes for the payment or redemption of which such monies have been deposited with the Indenture Trustee, of all sums due and to become due thereon for principal and interest, ; but such monies need not be segregated from other funds except to the extent required herein or in the Sale and Servicing Agreement or required by law.

Appears in 2 contracts

Samples: Indenture (Ace Sec Corp Wells Fargo Financial Auto Owner Trust 2004-A), Indenture (Wells Fargo Financial Auto Owner Trust 2005-A)

Application of Trust Money. All monies deposited with the Indenture Trustee pursuant to Section 4.1 4.10 hereof shall be held in trust and applied by the Indenture Trusteeit, in accordance with the provisions of the Notes and this Indenture, to the payment, either directly or through any Paying AgentAgent of the Issuer, or Certificate Paying Agent as designee of the Issuer and the Insurer, as the Indenture Trustee may determine, to the Holders of the Notes for the payment or redemption of which such monies have been deposited with the Indenture TrusteeSecurityholders, of all sums due and to become due thereon for principal and interest, ; but such monies need not be segregated from other funds except to the extent required herein or in the Sale and Servicing Agreement or required by law.

Appears in 2 contracts

Samples: Indenture (Home Equity Mortgage Trust 2007-1), Indenture (Home Equity Mortgage Trust 2006-2)

Application of Trust Money. All monies deposited with the Indenture Trustee pursuant to Section 4.1 shall be held in trust and applied by the Indenture Trusteeit, in accordance with the provisions of the Notes and this Indenture, to the payment, either directly or through any Paying Agent, as the Indenture Trustee may determine, to the Holders of the particular Notes for the payment or redemption of which such monies have been deposited with the Indenture Trustee, of all sums due and to become due thereon for principal and interest, ; but such monies need not be segregated from other funds except to the extent required herein or in the Sale and Servicing Agreement or required by law.

Appears in 2 contracts

Samples: Indenture (Cit Group Securitization Corp Ii), Indenture (Cit Group Securitization Corp Ii)

Application of Trust Money. All monies deposited with the Indenture Trustee pursuant to Section 4.1 4.01 shall be held in trust and applied by the Indenture Trusteeit, in accordance with the provisions of the Notes and this Indenture, to the payment, either directly or through any Paying Agent, to as the Indenture Trustee may determine, the Holders of the particular Notes for the payment or redemption of which such monies have been deposited with the Indenture Trustee, of all sums due and to become due thereon for principal and interest, but ; provided such monies need not be segregated from other funds except to the extent required herein or in the Sale and Servicing Agreement or required by law.

Appears in 1 contract

Samples: Indenture (Auto Nations Receivables Corp)

Application of Trust Money. All monies deposited with the Indenture Trustee pursuant to Section 4.1 shall be held in trust and applied by the Indenture Trusteeit, in accordance with the provisions of the Notes and this Indenture, to the payment, either directly or through any Paying Agent, as the Indenture Trustee may determine, to the Holders of the particular Notes for the payment or redemption of which such monies have been deposited with the Indenture Trustee, of all sums due and to become due thereon for principal and interest, ; but such monies need not be segregated from other funds except to the extent required herein or in the Sale Pooling and Servicing Agreement or required by applicable law.

Appears in 1 contract

Samples: Indenture (Navistar Financial Retail Receivables Corporation)

Application of Trust Money. All monies deposited with the Indenture Trustee pursuant to Section 4.1 shall be held in trust and applied by the Indenture Trustee, in accordance with the provisions of the Notes and this Indenture, to the payment, either directly or through any Paying Agent, as the Indenture Trustee may determine, to the Holders of the Notes for the payment or redemption of which such monies have been deposited with the Indenture Trustee, of all sums due and to become due thereon for principal and interest, but such monies need not be segregated from other funds except to the extent required herein or in the Sale and Servicing Agreement or required by law.

Appears in 1 contract

Samples: Indenture (Carmax Auto Receivables LLC)

Application of Trust Money. All monies deposited with the Indenture Trustee pursuant to Section 4.1 4.10 hereof shall be held in trust and applied by the Indenture Trusteeit, in accordance with the provisions of the Notes and this Indenture, to the payment, either directly or through any Paying AgentAgent or the Certificate Paying Agent as designee of the Issuer or the Insurer, as the Indenture Trustee may determine, to the Holders of the Notes for the payment or redemption of which such monies have been deposited with the Indenture TrusteeSecurities, of all sums due and to become due thereon for principal and interest, interest or otherwise; but such monies need not be segregated from other funds except to the extent required herein or in the Sale and Servicing Agreement or required by law.

Appears in 1 contract

Samples: Trust Agreement (American Home Mortgage Investment Trust 2005-4)

Application of Trust Money. All monies deposited with the Indenture Trustee pursuant to Section 4.1 4.01 shall be held in trust and applied by the Indenture Trusteeit, in accordance with the provisions of the Notes and this Indenture, to the payment, either directly or through any Paying Agent, as the Indenture Trustee may determine, to the Holders of the Notes for the payment or redemption of which such monies have been deposited with the Indenture Trustee, of all sums due and to become due thereon for principal and interest, ; but such monies need not be segregated from other funds except to the extent required herein or in the Sale and Servicing Assignment Agreement or required by law.

Appears in 1 contract

Samples: Indenture (Onyx Acceptance Corp)

Application of Trust Money. All monies deposited with the Indenture Trustee pursuant to Section 4.1 4.01 shall be held in trust and applied by the Indenture Trusteeit, in accordance with the provisions of the Notes and this Indenture, to the payment, either directly or through any Paying Agent, as the Indenture Trustee may determine, to the Holders of the particular Notes for the payment or redemption of which such monies have been deposited with the Indenture Trustee, of all sums due and to become due thereon for principal and interest, ; but such monies need not be segregated from other funds except to the extent required herein or in the Sale and Servicing Assignment Agreement or required by law.

Appears in 1 contract

Samples: Indenture (Onyx Acceptance Corp)

Application of Trust Money. All monies moneys deposited with the Indenture Trustee pursuant to Section Sections 3.3 and 4.1 shall be held in trust and applied by the Indenture Trusteeit, in accordance with the provisions of the Notes Sale and this IndentureServicing Agreement, to the payment, either directly or through any Paying Agent, Agent to the Holders of the particular Class A Notes and the Insurer for the payment or redemption of which such monies moneys have been deposited with the Indenture Trustee, of all sums due and to become due thereon for principal and interest, ; but such monies moneys need not be segregated from other funds except to the extent required herein or in the Sale and Servicing Agreement or required by law.

Appears in 1 contract

Samples: Indenture (Fund America Investors Corp Ii)

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