Common use of Control of Securities Accounts Clause in Contracts

Control of Securities Accounts. Notwithstanding anything else contained herein, the Trust agrees that each of the Collection Account, the Note Payment Account, the Reserve Account and the Yield Supplement Account will only be established at a Qualified Institution or Qualified Trust Institution that agrees substantially as follows: (i) it will comply with "entitlement orders" (as defined in Section 8-102(a)(8) of the UCC; i.e., orders directing the transfer or redemption of any financial asset) relating to such accounts issued by the Indenture Trustee without further consent by the Seller or the Trust; (ii) until the termination of the Indenture, it will not enter into any other agreement relating to any such account pursuant to which it agrees to comply with entitlement orders of any Person other than the Indenture Trustee; and (iii) all assets delivered or credited to it in connection with such accounts and all investments thereof will be promptly credited to such accounts.

Control of Securities Accounts. Notwithstanding anything else contained herein, the Trust agrees that each of the Collection Account, the Note Payment Account, the Reserve Account and the Yield Supplement Account will only be established at a Qualified Institution or Qualified Trust Institution that agrees substantially as follows: (i) it will comply with "entitlement orders" (as defined in Section 8-102(a)(8) of the Relevant UCC; i.e., orders directing the transfer or redemption of any financial asset) relating to such accounts issued by the Indenture Trustee without further consent by the Seller or the Trust; (ii) until the termination of the Indenture, it will not enter into any other agreement relating to any such account pursuant to which it agrees to comply with entitlement orders of any Person other than the Indenture Trustee; and (iii) all assets delivered or credited to it in connection with such accounts and all investments thereof will be promptly credited to such accounts.

Control of Securities Accounts. Notwithstanding anything else contained herein, the Trust Issuer agrees that each of the Collection Account, the Note Payment Distribution Account, and the Class A Reserve Account and the Yield Supplement will be an Eligible Deposit Account will only be established at a Qualified Institution or Qualified Trust Institution that an Eligible Bank which agrees substantially as follows: (ia) it will comply with "entitlement orders" (as defined in Section 8-102(a)(8) of the UCC; i.e., orders directing the transfer or redemption of any financial asset) relating to such accounts issued by the Indenture Trustee without further consent by the Seller or the TrustIssuer; (iib) until the termination of the Indenture, it will not enter into any other agreement relating to any such account pursuant to which it agrees to comply with entitlement orders of any Person other than the Indenture Trustee; and (iiic) all assets delivered or credited to it in connection with such accounts and all investments thereof will be promptly credited to such accounts.

Control of Securities Accounts. Notwithstanding anything else contained herein, the Trust Issuer agrees that each of the Collection Account, the Note Payment Distribution Account, the Reserve Payahead Account and the Yield Supplement Class A Reserve Account will only be an Eligible Deposit Account established at a Qualified Institution or Qualified Trust Institution that an Eligible Bank which agrees substantially as follows: (ia) it will comply with "entitlement orders" (as defined in Section 8-102(a)(8) of the UCC; i.e., orders directing the transfer or redemption of any financial asset) relating to such accounts issued by the Indenture Trustee without further consent by the Seller or the TrustIssuer; (iib) until the termination of the Indenture, it will not enter into any other agreement relating to any such account pursuant to which it agrees to comply with entitlement orders of any Person other than the Indenture Trustee; and (iiic) all assets delivered or credited to it in connection with such accounts and all investments thereof will be promptly credited to such accounts.connection