Common use of Designated Accounts; Payments Clause in Contracts

Designated Accounts; Payments. (a) On or prior to the Closing Date, the Owner Trustee shall cause the Servicer to establish and maintain, in the name of the Indenture Trustee, for the benefit of the Securityholders, the Designated Accounts as provided in Articles IV and V of the Pooling and Servicing Agreement.

Appears in 3 contracts

Samples: Indenture (Navistar Financial Retail Receivables Corporation), Indenture (Navistar Financial Retail Receivables Corporation), Navistar Financial Retail Receivables Corporation

AutoNDA by SimpleDocs

Designated Accounts; Payments. (a) On or prior to the Closing Date, the Owner Trustee shall cause the Servicer to establish and maintain, in the name of the Indenture Trustee, for the benefit of the SecurityholdersFinancial Parties, the Designated Accounts as provided in Articles IV and V of the Pooling and Servicing Agreement.

Appears in 2 contracts

Samples: Servicing Agreement (Navistar Financial Retail Receivables Corporation), Indenture (Navistar Financial Retail Receivables Corporation)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.