Common use of Bond Account Clause in Contracts

Bond Account. (a) The Issuer hereby directs the Indenture Trustee to establish, at the Corporate Trust Office, one or more accounts that shall collectively be the "Bond Account" on or before the Closing Date. The Indenture Trustee shall promptly deposit in the Bond Account (i) all Remittable Funds received by it from the Servicer pursuant to the Servicing Agreement, (ii) any other funds from any deposits to be made by the Servicer pursuant to the Servicing Agreement, (iii) any amount required to be deposited in the Bond Account pursuant to Section 8.01, and (iv) all other amounts received for deposit in the Bond Account, including the payment of any Purchase Price received by the Indenture Trustee. All amounts that are deposited from time to time in the Bond Account are subject to withdrawal by the Indenture Trustee for the purposes set forth in subsections (c) and (d) of this Section 8.02. All funds withdrawn from the Bond Account pursuant to subsection (c) of this Section 8.02 for the purpose of making payments to the Holders of Bonds shall be applied in accordance with Section 2.14, Section 2.15, Section 2.16 and Section 3.03.

Bond Account. (a) The On or before the Closing Date, the Issuer hereby directs shall direct the Indenture Trustee in writing to establishopen, at the Corporate Trust Office, Office one or more accounts that shall collectively be the "Bond Account" on or before the Closing Date". The Indenture Trustee shall promptly deposit in the Bond Account (i) all Remittable Funds Remittances received by it from the Servicer pursuant to the Servicing Agreement, (ii) any other funds from any deposits to be made by the Servicer pursuant to the Servicing Agreement, (iii) any amount required to be deposited in the Bond Account pursuant to Section 8.01, (iv) all amounts received pursuant to Section 8.04 and (ivv) all other amounts received for deposit in the Bond Account, including the payment of any Purchase Price received by the Indenture Trustee. All amounts that are deposited from time to time in the Bond Account, and all investments, if any, made with such moneys shall be held by the Trustee in the Bond Account are as part of the Trust Estate as herein provided, subject to withdrawal by the Indenture Trustee for the purposes set forth in subsections (c) and (d) of this Section 8.02, except that the Trustee shall be entitled to all income or other gain from such investments. All funds withdrawn from the Bond Account pursuant to subsection (c) of this Section 8.02 for the purpose of making payments to the Holders of Bonds shall be applied in accordance with Section 2.14, Section 2.15, Section 2.16 and Section 3.03.

Bond Account. (a) The Issuer hereby directs the Indenture Trustee to establish, at the Corporate Trust Office, Office one or more accounts that shall collectively be the "Bond Account" on or before the Closing Date. The Indenture Trustee shall promptly deposit in the Bond Account (i) all Remittable Funds received by it from the Servicer pursuant to the Servicing Agreement, (ii) any other funds from any deposits to be made by the Servicer pursuant to the Servicing Agreement, (iii) any amount required to be deposited in the Bond Account pursuant to Section 8.01, (iv) all amounts received pursuant to Section 8.03, and (ivv) all other amounts received for deposit in the Bond Account, including the payment of any Purchase Price received by the Indenture Trustee. All amounts that are deposited from time to time in the Bond Account are subject to withdrawal by the Indenture Trustee for the purposes set forth in subsections (c) and (d) of this Section 8.02. All funds withdrawn from the Bond Account pursuant to subsection (c) of this Section 8.02 for the purpose of making payments to the Holders of Bonds shall be applied in accordance with Section 2.14, Section 2.15, Section 2.16 and Section 3.03.

Bond Account. (a) The Issuer hereby directs the Indenture Trustee to establishopen, at the Corporate Trust Office, Office one or more accounts that shall collectively be the "Bond Account" on or before the Closing Date. The Indenture Trustee shall promptly deposit in the Bond Account (i) all Remittable Funds received by it from the Servicer pursuant to the Servicing Agreement, (ii) any other funds from any deposits to be made by the Servicer pursuant to the Servicing Agreement, (iii) any amount required to be deposited in the Bond Account pursuant to Section 8.01, (iv) all amounts received pursuant to Section 8.03, and (ivv) all other amounts received for deposit in the Bond Account, including the payment of any Purchase Price received by the Indenture Trustee. All amounts that are deposited from time to time in the Bond Account, and all investments, if any, made with such moneys shall be held by the Indenture Trustee in the Bond Account are as part of the Trust Estate as herein provided, subject to withdrawal by the Indenture Trustee for the purposes set forth in subsections (c) and (d) of this Section 8.02. All funds withdrawn from the Bond Account pursuant to subsection (c) of this Section 8.02 for the purpose of making payments to the Holders of Bonds shall be applied in accordance with Section 2.14, Section 2.15, Section 2.16 and Section 3.03.