Common use of Control by Secured Party Clause in Contracts

Control by Secured Party. At all times prior to the termination of this Agreement as provided in Section 17, the Securities Intermediary shall take instructions and directions and act upon "entitlement orders" (within the meaning of ss.8-102(a)(8) of the UCC) issued by the Secured Party without further consent by the Issuer. Except as otherwise provided in this Section, the Securities Intermediary shall also comply with entitlement orders originated by the Issuer or the Servicer on behalf of the Issuer without further consent by the Secured Party. If the Secured Party notifies the Securities Intermediary that the Secured Party will exercise exclusive control over the Collection Account, the Securities Intermediary shall not comply with entitlement orders or other directions issued by the Issuer or the Servicer on behalf of the Issuer. Funds on deposit in the Collection Account shall be invested in Permitted Investments selected by the Issuer or the Servicer on behalf of the Issuer or by the Secured Party to the extent provided in Section 8.3(a) and Section 8.3(c) of the Indenture. At all times prior to the termination of this Agreement as provided in Section 17, no property shall be released from the Collection Account except upon the written instructions of the Secured Party or the Paying Agent.

Control by Secured Party. At all times prior to the termination of this Agreement as provided in Section 17, the Securities Intermediary shall take instructions and directions and act upon "entitlement orders" (within the meaning of ss.8-102(a)(8) of the UCC) issued by the Secured Party without further consent by the Issuer. Except as otherwise provided in this Section, the Securities Intermediary shall also comply with entitlement orders originated by the Issuer or the Servicer on behalf of the Issuer Class R Certificateholder without further consent by the Secured Party. If the Secured Party notifies the Securities Intermediary that the Secured Party will exercise exclusive control over the Collection Reserve Account, the Securities Intermediary shall not comply with entitlement orders or other directions issued by the Issuer or the Servicer on behalf of the IssuerClass R Certificateholder. Funds on deposit in the Collection Reserve Account shall be invested in Permitted Investments selected by the Issuer or the Servicer on behalf of the Issuer Class R Certificateholder or by the Secured Party to the extent provided in Section 8.3(a) and Section 8.3(c) of the Indenture. At all times prior to the termination of this Agreement as provided in Section 17, no property shall be released from the Collection Reserve Account except upon the written instructions of the Secured Party or the Paying Agent.

Control by Secured Party. At all times prior to the termination of this Agreement as provided in Section 17, the Securities Intermediary shall take instructions and directions and act upon "entitlement orders" (within the meaning of ss.8-102(a)(8) of the UCC) issued by the Secured Party without further consent by the Issuer. Except as otherwise provided in this Section, the Securities Intermediary shall also comply with entitlement orders originated by the Issuer or the Servicer on behalf of the Issuer Class R Certificateholder without further consent by the Secured Party. If the Secured Party notifies the Securities Intermediary that the Secured Party will exercise exclusive control over the Collection Yield Supplement Account, the Securities Intermediary shall not comply with entitlement orders or other directions issued by the Issuer or the Servicer on behalf of the IssuerClass R Certificateholder. Funds on deposit in the Collection Yield Supplement Account shall be invested in Permitted Investments selected by the Issuer or the Servicer on behalf of the Issuer Class R Certificateholder or by the Secured Party to the extent provided in Section 8.3(a) and Section 8.3(c) of the Indenture. At all times prior to the termination of this Agreement as provided in Section 17, no property shall be released from the Collection Yield Supplement Account except upon the written instructions of the Secured Party or the Paying Agent.

Control by Secured Party. At all times prior to the termination of this Agreement as provided in Section 17, the Securities Intermediary shall take instructions and directions and act upon "“entitlement orders" ” (within the meaning of ss.8§8-102(a)(8) of the UCC) issued by the Secured Party without further consent by the Issuer. Except as otherwise provided in this Section, the Securities Intermediary shall also comply with entitlement orders originated by the Issuer or the Servicer on behalf of the Issuer without further consent by the Secured Party. If the Secured Party notifies the Securities Intermediary that the Secured Party will exercise exclusive control over the Collection Account, the Securities Intermediary shall not comply with entitlement orders or other directions issued by the Issuer or the Servicer on behalf of the Issuer. Funds on deposit in the Collection Account shall be invested in Permitted Investments selected by the Issuer or the Servicer on behalf of the Issuer or by the Secured Party to the extent provided in Section 8.3(a) and Section 8.3(c) of the Indenture. At all times prior to the termination of this Agreement as provided in Section 17, no property shall be released from the Collection Account except upon the written instructions of the Secured Party or the Paying Agent.

Control by Secured Party. At all times prior to the termination of this Agreement as provided in Section 17, the Securities Intermediary shall take instructions and directions and act upon "“entitlement orders" ” (within the meaning of ss.8§8-102(a)(8) of the UCC) issued by the Secured Party without further consent by the Issuer. Except as otherwise provided in this Section, the Securities Intermediary shall also comply with entitlement orders originated by the Issuer or the Servicer on behalf of the Issuer Class R Certificateholder without further consent by the Secured Party. If the Secured Party notifies the Securities Intermediary that the Secured Party will exercise exclusive control over the Collection Reserve Account, the Securities Intermediary shall not comply with entitlement orders or other directions issued by the Issuer or the Servicer on behalf of the IssuerClass R Certificateholder. Funds on deposit in the Collection Reserve Account shall be invested in Permitted Investments selected by the Issuer or the Servicer on behalf of the Issuer Class R Certificateholder or by the Secured Party to the extent provided in Section 8.3(a) and Section 8.3(c) of the Indenture. At all times prior to the termination of this Agreement as provided in Section 17, no property shall be released from the Collection Reserve Account except upon the written instructions of the Secured Party or the Paying Agent.

Control by Secured Party. At all times prior to the termination of this Agreement as provided in Section 17, the Securities Intermediary shall take instructions and directions and act upon "“entitlement orders" ” (within the meaning of ss.8§8-102(a)(8) of the UCC) issued by the Secured Party without further consent by the Issuer. Except as otherwise provided in this Section, the Securities Intermediary shall also comply with entitlement orders originated by the Issuer or the Servicer on behalf of the Issuer Class R Certificateholder without further consent by the Secured Party. If the Secured Party notifies the Securities Intermediary that the Secured Party will exercise exclusive control over the Collection Reserve Account, the Securities Intermediary shall not comply with entitlement orders or other directions issued by the Issuer or the Servicer on behalf of the IssuerClass R Certificateholder. Funds on deposit in the Collection Reserve Account shall be invested in Permitted Investments selected by the Issuer or the Servicer on behalf of the Issuer Class R Certificateholder or by the Secured Party to the extent provided in Section 8.3(a) and Section 8.3(c) of the Indenture. At all times prior to the termination of this Agreement as provided in Section 17, no property shall be released from the Collection Account except upon the written instructions of the Secured Party or the Paying Agent.in