Common use of Control of Accounts by Secured Party Clause in Contracts

Control of Accounts by Secured Party. (a) Subject to Section 3.1(b), the Intermediary shall comply with any entitlement order originated by the Secured Party, the Servicer or the Issuer. The Intermediary, the Issuer and the Secured Party agree that the Intermediary shall comply with any entitlement order originated by the Secured Party without further consent of the Issuer or the Servicer. The Servicer is hereby authorized to (i) direct the withdrawal of funds from the Accounts to make distributions in accordance with the Sale and Servicing Agreement and the Indenture and (ii) direct the transfer or redemption of any financial asset relating to the Accounts, in each case until and unless such authorization is revoked in writing by the Secured Party.

Control of Accounts by Secured Party. (a) Subject to Section 3.1(b), the Intermediary shall comply with any entitlement order originated by the Secured Party, the Servicer or the Issuer. The Intermediary, the Issuer and the Secured Party agree that the Intermediary shall comply with any entitlement order originated by the Secured Party without further consent of the Issuer or the Servicer. The Servicer is hereby authorized to (i) direct the withdrawal of funds from the Accounts to make distributions in accordance with the Sale and 2020-B Servicing Agreement Supplement and the Indenture and (ii) direct the transfer or redemption of any financial asset relating to the Accounts, in each case until and unless such authorization is revoked in writing by the Secured Party.

Control of Accounts by Secured Party. (a) Subject to Section 3.1(b), the Intermediary shall comply with any entitlement order originated by the Secured Party, the Servicer or the Issuer. The Intermediary, the Issuer and the Secured Party agree that the Intermediary shall comply with any entitlement order originated by the Secured Party without further consent of the Issuer or the Servicer. The Servicer is hereby authorized to (i) direct the withdrawal of funds from the Accounts to make distributions in accordance with the Sale and 2020-A Servicing Agreement Supplement and the Indenture and (ii) direct the transfer or redemption of any financial asset relating to the Accounts, in each case until and unless such authorization is revoked in writing by the Secured Party.

Control of Accounts by Secured Party. (a) Subject to Section 3.1(b), the Intermediary shall comply with any entitlement order originated by the Secured Party, the Servicer or the Issuer. The Intermediary, the Issuer and the Secured Party agree that the Intermediary shall comply with any entitlement order originated by the Secured Party without further consent of the Issuer or the Servicer. The Servicer is hereby authorized to (i) direct the withdrawal of funds from the Accounts to make distributions in accordance with the Sale and 2021-A Servicing Agreement Supplement and the Indenture and (ii) direct the transfer or redemption of any financial asset relating to the Accounts, in each case until and unless such authorization is revoked in writing by the Secured Party.