Control of the Bank Accounts. Each of the Bank Accounts will be under the control of the Indenture Trustee so long as the Bank Accounts remain subject to the Lien of the Indenture, except that the Servicer may make deposits to and direct the Indenture Trustee to make deposits to or withdrawals from the Bank Accounts according to the Transaction Documents. The Servicer may direct the Indenture Trustee to withdraw from the Exchange Note Collection Account and pay to the Servicer or as directed by the Servicer amounts that are not Exchange Note Available Funds for a Collection Period or that were deposited in the Exchange Note Collection Account in error. After the Notes are paid in full and the Bank Accounts are released from the Lien of the Indenture, the Exchange Note Collection Account will be under the control of the Collateral Agent, the Collection Account will be under the control of the Servicer and the Reserve Account will be under the control of the Depositor. Following the payment in full of the 2024-A Exchange Note, the Exchange Note Collection Account will be under the control of the Borrowers.
Control of the Bank Accounts. Each of the Bank Accounts with respect to the 2011-A Reference Pool will be under the sole dominion and control of the Indenture Trustee, as secured party for the benefit of the 2011-A Secured Parties, so long as the Bank Accounts remain subject to the Lien of the Indenture; provided, that, (i) following the payment in full of the Notes and the release of the Bank Accounts from the Lien of the Indenture, the Exchange Note Collection Account will be under the sole dominion and control of the Collateral Agent and (ii) following the payment in full of the 2011-A Exchange Note, the Exchange Note Collection Account will be under the sole dominion and control of the Borrowers. However, the Servicer may make deposits to or request the Indenture Trustee (or, after the Note Balance of the Notes has been reduced to zero, the Collateral Agent, and following the payment in full of the 2011-A Exchange Note, the Borrowers) to make deposits to or withdrawals from the Exchange Note Collection Account in accordance with the Exchange Note Supplement, the Credit and Security Agreement, the Servicing Agreement and this Servicing Supplement. All monies deposited in the Exchange Note Collection Account pursuant to the Exchange Note Supplement, the Credit and Security Agreement, the Servicing Agreement or this Servicing Supplement will be held (i) until the Note Balance of the Notes has been reduced to zero and the Bank Accounts have been released from the Lien under the Indenture, by the Indenture Trustee, (ii) until the payment in full of the 2011-A Exchange Note, by the Collateral Agent and (iii) following the payment in full of the 2011-A Exchange Note, by or on behalf of the Borrowers, and in each case will be applied only upon the terms and conditions of the 2011-A Basic Documents, as applicable. The authority of the Servicer to make deposits to the Bank Accounts is revocable at any time (i) by the Indenture Trustee until the Note Balance of the Notes has been reduced to zero, (ii) then, by the Collateral Agent until the payment in full of the 2011-A Exchange Note, and (iii) thereafter by the Borrowers.
Control of the Bank Accounts. Each Bank Account will be a “securities account” within the meaning of Section 8-501 of the New York UCC. The Revolving Facility Collection Account will be under the sole dominion and control of the Collateral Agent, as secured party for the benefit of the Lender; provided, that following the payment in full of the Revolving Facility Balance and the termination of the Revolving Facility, such Collection Account will be under the sole dominion and control of the Borrower. However, the Servicer may make deposits to or request the Collateral Agent (or, following the payment in full of the Revolving Facility Balance and the termination of the Revolving Facility, the Borrower) to make deposits to or withdrawals from such Collection Account in accordance with the Collateral Agency Agreement and this Agreement. All monies deposited in such Collection Account pursuant to the Collateral Agency Agreement and this Agreement will be held (i) until the payment in full of the Revolving Facility Balance and the termination of the Revolving Facility, by the Collateral Agent and (ii) following the payment in full of the Revolving Facility Balance and the termination of the Revolving Facility, by or on behalf of the Borrower, and in each case will be applied only upon the terms and conditions of the Basic Documents. The authority of the Servicer to make deposits to the Revolving Facility Collection Account is revocable at any time by the Collateral Agent until the payment in full of the Revolving Facility Balance and the termination of the Revolving Facility, and thereafter by the Borrower. The rights of the parties in, to and under each Bank Account that is established with respect to a Reference Pool will be governed by the terms of the related Servicing Supplement.
