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 1999-1 Investor Certificateholders, bearing a designation clearly indicating that the funds therein are held in trust for the benefit of the Series 1999-1 Investor Certificateholders (the "Series 1999-1 Collection Subaccount"). Funds allocable to the Series 1999-1 Investor Certificates which are deposited into the Collection Account will be transferred to the Series 1999-1 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 1999-1 Collection Subaccount and that funds held therein shall at all times be held in trust for the benefit of the Series 1999-1 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 1999-1 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 1999-1 Collection Subaccount (not required to be deposited in the Finance Charge Account or the Principal Account pursuant to Section 4.4 hereof) shall at all times be invested by the Trustee, at the direction of the Servicer, in Permitted Investments. Any such investment shall mature and such funds shall be available for withdrawal, on or prior to the Transfer Date following the Monthly Period in which such funds were processed for collection; provided, however, that any -------- ------- Permitted Investment in short term U.S. treasury securities may mature one day after such Transfer Date and may be sold on such Transfer Date. All interest and earnings (net of losses and investment expenses) on funds on deposit in the Series 1999-1 Collection Subaccount shall be deposited by the Trustee in a separat...
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. 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 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 1997-2 Investor Certificateholders, bearing a designation clearly indicating that the funds therein are held in trust for the benefit of the Series 1997-2 Investor Certificateholders (the "Series 1997-2 Collection Subaccount"). Funds allocable to the Series 1997-2 Investor Certificates which are deposited into the Collection Account will be transferred to the Series 1997-2 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
Collection Subaccount. Maximum Series 1999-1
Collection Subaccount. On or after the APA Bank Purchase Date, the APA Bank agrees to pay in immediately available funds the amount of such Increase on the related Increase Date to the Funding Agent for deposit in the Series 1999-1
Collection Subaccount. On any date during the Commitment Period, the Initial Purchaser may, in its own discretion, and the Initial Purchaser shall upon the occurrence of a CP Conduit Wind-Down Event, in each case, by delivering a Sale Notice to the Funding Agent, the Issuer and the Indenture Trustee, sell to the APA Bank and the APA Bank hereby agrees to purchase all right, title and interest of the Initial Purchaser in the Series 1999-1 Invested Amount. Any Sale Notice shall be delivered by the Initial Purchaser to the Funding Agent, the Issuer and the Indenture Trustee prior to 12:30 p.m., New York City time, on the APA Bank Purchase Date and shall constitute an irrevocable offer by the Initial Purchaser to sell 100% of the Series 1999-1 Invested Amount at the Purchase Price. Any Sale Notice shall be deemed to be a representation and warranty by the Initial Purchaser that no CP Conduit Insolvency Event shall have occurred and be continuing. The APA Bank hereby agrees to purchase from the Initial Purchaser the Series 1999-1 Invested Amount for a purchase price equal to the Purchase Price on the APA Bank Purchase Date (which date, subject to Section 2.4(b), may be the same as the date of the Sale Notice). Notwithstanding anything to the contrary set forth in this Indenture Supplement, the APA Bank shall not have any obligation to purchase the Initial Purchaser's Series 1999-1 Invested Amount if, on such Purchase Date, any CP Conduit Insolvency Event shall have occurred and be continuing.
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. All other amounts on deposit in the Ramp-Up Account will be deemed to represent Principal Proceeds. Upon the occurrence of an Enforcement Event (and excluding any amounts that will be used to settle binding commitments entered into prior to such date), the Trustee will deposit any remaining amounts in the Ramp-Up Account into the Principal Collection Subaccount as Principal Proceeds. On the Effective Date (and excluding any amounts that will be used to settle binding commitments entered into prior to such date), the Collateral Manager, in its sole discretion, may direct the Trustee to deposit from amounts remaining in the Ramp-Up Account into the Principal Collection Subaccount as Principal Proceeds.
