Common use of Collection Account; Redemption Account Clause in Contracts

Collection Account; Redemption Account. (a) Prior to the Closing Date, the Indenture Trustee shall open and maintain a segregated trust account in the name of the Indenture Trustee at its Corporate Trust Office (the "Collection Account") for the benefit of the Noteholders, for the receipt of (i) Lease Receivable Collections and Loss and Damage Waiver Fees, (ii) Fundings made by Noteholders pursuant to Sections 3.05, (iii) amounts received pursuant to any Swap Agreement, and (iv) any Reinvestment Income and other amounts, if any, remitted by the Issuer pursuant to Section 11.02(c). Funds in the Collection Account shall not be commingled with any other monies. All payments to be made from time to time by the Issuer to the Noteholders out of funds in the Collection Account pursuant to this Indenture shall be made by the Indenture Trustee or the Paying Agent. All monies deposited from time to time in the Collection Account pursuant to this Indenture shall be held by the Indenture Trustee as part of the Trust Estate as herein provided.

Collection Account; Redemption Account. (a) Prior to the Closing Initial Delivery Date, the Indenture Trustee shall open and maintain a segregated trust account in the name of the Indenture Trustee at its Corporate Trust Office (the "Collection Account") in the name of the Indenture Trustee for the benefit of the NoteholdersNoteholders and the Note Insurer, for the receipt of (i) Lease Receivable Collections and Loss and Damage Waiver Feespayments with respect to the Contract Assets remitted to the Indenture Trustee by the Servicer or received directly by the Indenture Trustee, (ii) Fundings made by Noteholders pursuant to Sections 3.05amounts transferred from the Cash Collateral Account in accordance with Section 12.03(d) hereof, (iii) amounts received pursuant with respect to the Class A Notes, proceeds of claims made under any Swap Agreementof the Note Insurance Policies, in accordance with Article Eight hereof, upon receipt, and (iv) any Reinvestment Income and (v) any other amounts, if any, remitted amounts required by the Issuer pursuant terms of this Indenture to Section 11.02(c)be so deposited. Funds in the Collection Account shall not be commingled with any other monies. All payments to be made from time to time by the Issuer to the Noteholders out of funds in the Collection Account pursuant to this Indenture shall be made by the Indenture Trustee or the Paying AgentAgent of the Issuer. All monies deposited from time to time in the Collection Account pursuant to this Indenture shall be held by the Indenture Trustee as part of the Trust Estate as herein provided.

Collection Account; Redemption Account. (a) Prior to the Closing Initial Delivery Date, the Indenture Trustee shall open and maintain a segregated trust account in the name of the Indenture Trustee at its Corporate Trust Office (the "Collection Account") in the name of the Indenture Trustee for the benefit of the NoteholdersNoteholders and the Note Insurer, for the receipt of (i) Lease Receivable Collections and Loss and Damage Waiver Feespayments with respect to the Contract Assets remitted to the Indenture Trustee by the Servicer or received directly by the Indenture Trustee, (ii) Fundings made by Noteholders pursuant to Sections 3.05amounts transferred from the Cash Collateral Account in accordance with Section 12.03(d) hereof, (iii) amounts received pursuant to proceeds of claims made under any Swap Agreementof the Note Insurance Policies, in accordance with Article Eight hereof, upon receipt, and (iv) any Reinvestment Income and (v) any other amounts, if any, remitted amounts required by the Issuer pursuant terms of this Indenture to Section 11.02(c)be so deposited. Funds in the Collection Account shall not be commingled with any other monies. All payments to be made from time to time by the Issuer to the Noteholders out of funds in the Collection Account pursuant to this Indenture shall be made by the Indenture Trustee or the Paying AgentAgent of the Issuer. All monies deposited from time to time in the Collection Account pursuant to this Indenture shall be held by the Indenture Trustee as part of the Trust Estate as herein provided.