Distributions to the Holder of the Residual Interest. If the Trust Distribution Account has been established, the Owner Trustee will have the revocable power to withdraw funds from the Trust Distribution Account for the purpose of making distributions to the holder of the Residual Interest under this Agreement. The Owner Trustee will make the distributions pursuant to Sections 3.1, 4.1, 4.2 and 8.1. The Owner Trustee will hold all sums held by it for distribution to the holder of the Residual Interest in trust for the benefit of the holder of the Residual Interest until such sums are distributed to the holder of the Residual Interest.
Appears in 44 contracts
Samples: Trust Agreement (Ford Credit Auto Lease Trust 2014-A), Trust Agreement (Ford Credit Auto Lease Trust 2014-A), Trust Agreement (Ford Credit Auto Owner Trust 2014-A)
Distributions to the Holder of the Residual Interest. If the Trust Distribution Account has been established, the Owner Trustee will have the revocable power to withdraw funds from the Trust Distribution Account for the purpose of making distributions to the holder of the Residual Interest under this Agreement. The Owner Trustee will make the distributions pursuant to under Sections 3.1, 4.1, 4.2 and 8.1. The Owner Trustee will hold all sums held by it for distribution to the holder of the Residual Interest in trust for the benefit of the holder of the Residual Interest until such the sums are distributed to the holder of the Residual Interest.
Appears in 8 contracts
Samples: Trust Agreement (Ford Credit Auto Owner Trust 2015-B), Trust Agreement (Ford Credit Auto Owner Trust 2015-B), Trust Agreement (Ford Credit Auto Owner Trust 2015-A)
Distributions to the Holder of the Residual Interest. If the Trust Distribution Account has been established, the Owner Trustee will have the revocable power to withdraw funds from the Trust Distribution Account for the purpose of making distributions to the holder of the Residual Interest under this Agreement. The Owner Trustee will make the distributions pursuant to Sections Section 3.1, Section 4.1, Section 4.2 and Section 8.1. The Owner Trustee will hold all sums held by it for distribution to the holder of the Residual Interest in trust for the benefit of the holder of the Residual Interest until such sums are distributed to the holder of the Residual Interest.
Appears in 8 contracts
Samples: Trust Agreement (Ford Credit Auto Owner Trust 2007-B), Trust Agreement (Ford Credit Auto Owner Trust 2008-B), Trust Agreement (Ford Credit Auto Owner Trust 2007-A)
Distributions to the Holder of the Residual Interest. If the Trust Distribution Account has been established, the Owner Trustee will have the revocable power to withdraw funds from the Trust Distribution Account for the purpose of making distributions to the holder of the Residual Interest under this Agreement. The Owner Trustee will make the distributions pursuant to under Sections 3.1, 4.1, 4.2 and 8.1. The Owner Trustee will hold all sums held by it for distribution to the holder of the Residual Interest in trust for the benefit of the holder of the Residual Interest until such those sums are distributed to the holder of the Residual Interest.
Appears in 7 contracts
Samples: Trust Agreement (Ford Credit Auto Lease Trust 2015-B), Trust Agreement (Ford Credit Auto Lease Trust 2015-B), Trust Agreement (Ford Credit Auto Lease Trust 2015-A)
Distributions to the Holder of the Residual Interest. If the Trust Distribution Account has been established, the Owner Trustee will have the revocable power to withdraw funds from the Trust Distribution Account for the purpose of making distributions to the holder of the Residual Interest under this Agreement. The Owner Trustee will make the distributions pursuant to Sections Section 3.1, 4.1, Section 4.2 and Section 8.1. The Owner Trustee will hold all sums held by it for distribution to the holder of the Residual Interest in trust for the benefit of the holder of the Residual Interest until such sums are distributed to the holder of the Residual Interest.
Appears in 2 contracts
Samples: Trust Agreement (Ford Credit Auto Owner Trust 2006-A), Trust Agreement (Ford Credit Auto Receivables Two LLC)