Collection Subaccount. For purposes of determining the availability of funds or the balances in the Series 1997-2 Collection Subaccount for any reason under this Agreement, all investment earnings on such funds (net of losses and expenses) shall be deemed not to be available or on deposit so long as a Servicer Default shall not be continuing pursuant to this Section 4.2B. Permitted Investments shall not be disposed of prior to their maturity other than as provided above with respect to short term U.S. treasury securities.
Collection Subaccount. Pursuant to Section --------------------------------------- 4.1 of the Agreement, the Servicer, on behalf of the Trustee, shall establish and maintain a subaccount of the Collection Account to be maintained with a Qualified Trust Institution, which shall initially be Bankers Trust Company, for the benefit of the Series 1997-1 Investor Certificateholders, bearing a designation clearly indicating that the funds therein are held in trust for the benefit of the Series 1997-1 Investor Certificateholders (the "Series 1997-1 Collection Subaccount"). Funds allocable to the Series 1997-1 Investor Certificates which are deposited into the Collection Account will be transferred to the Series 1997-1 Collection Subaccount prior to further application. References in this Series Supplement to deposits of such funds into the Collection Account should be read to include such transfers. The Servicer, on behalf of the Trustee, at all times shall maintain accurate records reflecting each transaction in the Series 1997-1 Collection Subaccount and that funds held therein shall at all times be held in trust for the benefit of the Series 1997-1 Investor Certificateholders. Pursuant to the authority granted to it pursuant to subsection 3.1(b), the Servicer shall have the power, revocable by the Trustee, to withdraw funds, and to instruct the Trustee to withdraw funds, from the Series 1997-1 Collection Subaccount for the purpose of carrying out its duties hereunder. All such instructions from the Servicer to the Trustee shall be in writing; provided, however, that the Servicer is entitled to give -------- ------- instructions to the Trustee by facsimile. Funds on deposit in the Series 1997-1 Collection Subaccount (not required to be deposited in the Finance Charge Account or the Principal Account pursuant to Section 4.4 hereof) shall
Collection Subaccount. (a) The Trustee shall cause to be established and maintained in the name of the Trustee, on behalf of the Trust, for the benefit of the Series 2000-1 Purchaser a subaccount of the Collection Account (the "SERIES 2000-1 COLLECTION SUBACCOUNT"), which subaccount is the Series Collection Subaccount with respect to Series 2000-1 to bear a designation indicating that the funds deposited therein are held for the benefit of the Series 2000-1 Purchaser and its assignees. The Trustee, on behalf of the Holders, shall possess all right, title and interest in all funds from time to time on deposit in, and all Eligible Investments credited to, the Series 2000-1 Collection Subaccount and in all proceeds thereof. The Series 2000-1 Collection Subaccount shall be under the sole dominion and control of the Trustee for the exclusive benefit of the Series 2000-1 Purchaser and its assignees.
Collection Subaccount. Pursuant to Section 4.1(a) of the Master Trust Agreement the Trustee, for the benefit of the Series 2002-A Certificateholders, shall establish and maintain in the name of the Trustee on behalf of the Trust, the Series 2002-A Collection Subaccount (the "SERIES 2002-A COLLECTION SUBACCOUNT "), with a Qualified Institution, which initially shall be the Trustee, a non-interest bearing segregated trust account maintained in the corporate trust department of such Qualified Institution, and held in trust by such Qualified Institution, bearing a designation clearly indicating that the funds therein are held in trust for the benefit of the Series 2002-A Certificateholders. Funds in the Series 2002-A Collection Subaccount shall be invested in Permitted Investments maturing and available for transfer on or prior to the next following Weekly Allocation Day.
Collection Subaccount. In the event the APA Banks shall fund the Increase, each APA Bank agrees to pay in immediately available funds, no later than 1:00 p.m. Chicago time, such APA Bank's Pro Rata Share of such Increase on the related Increase Date to the Funding Agent for payment to the Trust for deposit in the Series 2003-1 Collection Subaccount.
Collection Subaccount. Each Funding Agent shall remit the amounts received by it from its CP Conduit Purchaser or the related APA Banks pursuant to this SECTION 2.3(d) to the Indenture Trustee for deposit into the Collection Account and allocation to the Series 2001-1 Principal Collection Subaccount.
Collection Subaccount. The Issuer shall not direct the Indenture Trustee to dispose of (or permit the disposal of) any Permitted Investments prior to the maturity thereof to the extent such disposal would result in a loss of principal of such Permitted Investment. In the absence of written direction as provided hereunder, all funds on deposit in the Collection Account shall remain uninvested.
Collection Subaccount. The Administrative Agent shall not direct the Indenture Trustee to dispose of (or permit the disposal of) any Permitted Investments prior to the maturity thereof to the extent such disposal would result in a loss of principal of such Permitted Investment. In the absence of written direction as provided hereunder, all funds on deposit shall remain uninvested.
Collection Subaccount. Series 2000-1 Collection Subaccount #200805 The Bank of New York 000 Xxxxxxx Xxxxxx New York, NY 10286 EXHIBIT A TO SERIES 2000-1 SUPPLEMENT BUNGE MASTER TRUST FORM OF SERIES 2000-1 VFC CERTIFICATE REGISTERED UP TO $600,000,000 SERIES NO. VFC-[ ] 2000-1 INVESTED AMOUNT* *THE SERIES 2000-1 INVESTED AMOUNT OF THIS SERIES 2000-1 VFC CERTIFICATE IS SUBJECT TO CHANGE AS DESCRIBED HEREIN. THIS SERIES 2000-1 VFC CERTIFICATE AMENDS AND RESTATES THE THIRD AMENDED AND RESTATED SERIES 2000-1 VFC CERTIFICATE THAT WAS ISSUED ON FEBRUARY 26, 2002. THIS SERIES 2000-1 VFC CERTIFICATE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933 (THE “SECURITIES ACT”). NEITHER THIS SERIES 2000-1 VFC CERTIFICATE NOR ANY PORTION HEREOF MAY BE OFFERED OR SOLD EXCEPT IN COMPLIANCE WITH THE REGISTRATION PROVISIONS OF THE SECURITIES ACT OR PURSUANT TO AN AVAILABLE EXEMPTION FROM SUCH REGISTRATION PROVISIONS. THIS SERIES 2000-1 VFC CERTIFICATE IS NOT PERMITTED TO BE TRANSFERRED, ASSIGNED, EXCHANGED OR OTHERWISE PLEDGED OR CONVEYED EXCEPT IN COMPLIANCE WITH THE TERMS OF THE POOLING AGREEMENT AND SUPPLEMENT REFERRED TO HEREIN. This Series 2000-1 VFC Certificate evidences a fractional undivided interest in the assets of the BUNGE MASTER TRUST the corpus of which consists of loans made by Bunge Finance Limited and Bunge Finance North America, Inc. to Affiliates, which loans have been purchased by Bunge Funding, Inc., a Delaware corporation, which in turn transferred and assigned such receivables to the Bunge Master Trust. (Not an interest in or recourse obligation of Xxxxx Limited (except in its capacity as the Guarantor), Bunge Funding, Inc. or any of their respective Affiliates) This certifies that BUNGE ASSET FUNDING CORP. (the “Series 2000-1 VFC Certificateholder”) is the registered owner of a fractional undivided interest in the assets of Bunge Master Trust (the “Trust’’) originally created pursuant to the Pooling Agreement, dated as of August 25, 2000 (as the same may from time to time be amended, restated, supplemented or otherwise modified thereafter, the “Pooling Agreement”), by and among Bunge Funding, Inc., a Delaware corporation (the “Company”), Bunge Management Services, Inc., a Delaware corporation, as Servicer (the “Servicer”), and The Bank of New York as trustee (in such capacity, the “Trustee”) for the Trust, as supplemented by the Series 2000-1 Supplement, dated as of August 25, 2000 (as amended, supplemented or otherwise modified from time to time, the “Supplement”, col...
Collection Subaccount. The Trustee shall have no obligation with respect to the collection of any funds from VFC Certificateholders other than making telephone calls in the manner contemplated above.
