Common use of Creation of Funds Clause in Contracts

Creation of Funds. On or before the Closing Date, the Trustee shall establish on its records the following accounts and funds (collectively referred to as the "Funds") to be maintained by the Trustee for the benefit of the Holders: (a) Administrative Expenses Fund (b) Debt Service Fund

Creation of Funds. On or before the Closing Date, the Trustee shall establish on its records the following accounts and funds (collectively referred to as the "“Funds"”) to be maintained by the Trustee for the benefit of the Holders: (a) Administrative Expenses Fund Collateral Fund (b) Debt Service Fund (c) Insurance Proceeds Fund All monies deposited in the Funds shall be used solely for the purposes set forth in this Indenture.

Creation of Funds. On or before the Closing Date, the Trustee shall establish on its records the following accounts and funds (collectively referred to as the "“Funds"”) to be maintained by the Trustee for the benefit of the Holders: (a) Administrative Expenses Fund (b) Debt Service Collateral Purchase Fund