Common use of Designated Accounts Clause in Contracts

Designated Accounts. The Accumulation Account, the Collection Account, the Note Distribution Account and the Reserve Account, collectively. Determination Date: The fifteenth day of each calendar month, or if such fifteenth day is not a Business Day, the next succeeding Business Day.

Appears in 22 contracts

Samples: Trust Sale and Servicing Agreement (Capital Auto Receivables Asset Trust 2015-4), Trust Sale and Servicing Agreement (Capital Auto Receivables Asset Trust 2015-4), Trust Sale and Servicing Agreement (Capital Auto Receivables Asset Trust 2015-3)

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Designated Accounts. The Accumulation Account, the Collection Account, the Note Distribution Account and the Reserve Account, collectively. Determination Date: The fifteenth day of each calendar month, or if such fifteenth day is not a Business Day, the next succeeding Business Day.

Appears in 2 contracts

Samples: Trust Sale and Servicing Agreement (Capital Auto Receivables Asset Trust 2016-1), Trust Sale and Servicing Agreement (Capital Auto Receivables Asset Trust 2016-1)

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