Common use of During Cash Accumulation Period Clause in Contracts

During Cash Accumulation Period. On each day during the Cash Accumulation Period until the Certificate Balance of the 2005-A Certificates has been distributed or provided for in full, after the Fully Funded Date for all outstanding series of Term Notes and Revolving Notes has occurred, the Servicer will instruct the Indenture Trustee to withdraw from the Collection Account and deposit in the 2005-A Certificate Cash Accumulation Account all Available Trust Principal allocated to the Certificates on such day pursuant to the applicable clause of Section 4.5(d) of the Trust Sale and Servicing Agreement until the amount on deposit in the 2005-A Certificate Cash Accumulation Account equals the Certificate Balance of the 2005-A Certificates. Immediately upon the earliest of (i) the 2005-A Certificate Targeted Final Distribution Date, (ii) the occurrence of a Rapid Amortization Event, and (iii) the date on which the Revolving Period cannot recommence and the Rating Agency Condition shall have been satisfied, the Indenture Trustee shall withdraw any amounts held in the 2005-A Certificate Cash Accumulation Account (other than Investment Proceeds thereon) and transfer such amounts to the Trust for deposit into the Certificate Distribution Account. The Trust will use amounts in the 2005-A Certificate Cash Accumulation Account only to make payments as provided in this Certificate Issuance Order.

Appears in 2 contracts

Samples: Superior Wholesale Inventory Financing Trust Xi, Superior Wholesale Inventory Financing Trust Xii

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During Cash Accumulation Period. On each day during the Cash Accumulation Period until the Certificate Balance of the 2005-A Certificates has been distributed or provided for in full, after the Fully Funded Date for all outstanding series of Term Notes and Revolving Notes has occurred, the Servicer will instruct the Indenture Trustee to withdraw from the Collection Account and deposit in the 2005-A Certificate Cash Accumulation Account all Available Trust Principal allocated to the Certificates on such day pursuant to the applicable clause of Section 4.5(d) of the Trust Sale and Servicing Agreement until the amount on deposit in the 2005-A Certificate Cash Accumulation Account equals the Certificate Balance of the 2005-A Certificates. Immediately upon the earliest of (i) the 2005-A Certificate Targeted Final Distribution Date, (ii) the occurrence of a Rapid Amortization Event, and (iii) the date on which the Revolving Period cannot recommence and the Rating Agency Condition shall have been satisfied, the Indenture Trustee shall withdraw any amounts held in the 2005-A Certificate Cash Accumulation Account (other than Investment Proceeds thereon) and transfer such amounts to the Trust for deposit into the Certificate Distribution Account. The Trust will use amounts in the 2005-A Certificate Cash Accumulation Account only to make payments as provided in this Certificate Issuance Order.

Appears in 1 contract

Samples: Trust Agreement (Superior Wholesale Inventory Financing Trust 2007-Ae-1)

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During Cash Accumulation Period. On each day during the Cash Accumulation Period until the Certificate Balance of the 2005-A [•] Certificates has been distributed or provided for in full, after the Fully Funded Date for all outstanding series of Term Notes and Revolving Notes has occurred, the Servicer will instruct the Indenture Trustee to withdraw from the Collection Account and deposit in the 2005-A [•] Certificate Cash Accumulation Account all Available Trust Principal allocated to the Certificates on such day pursuant to the applicable clause of Section 4.5(d) of the Trust Sale and Servicing Agreement until the amount on deposit in the 2005-A [•] Certificate Cash Accumulation Account equals the Certificate Balance of the 2005-A [•] Certificates. Immediately upon the earliest of (i) the 2005-A [•] Certificate Targeted Final Distribution Date, (ii) the occurrence of a Rapid Amortization Event, and (iii) the date on which the Revolving Period cannot recommence and the Rating Agency Condition shall have been satisfied, the Indenture Trustee shall withdraw any amounts held in the 2005-A [•] Certificate Cash Accumulation Account (other than Investment Proceeds thereon) and transfer such amounts to the Trust for deposit into the Certificate Distribution Account. The Trust will use amounts in the 2005-A [•] Certificate Cash Accumulation Account only to make payments as provided in this Certificate Issuance Order.

Appears in 1 contract

Samples: Trust Agreement (Wholesale Auto Receivables Corp)

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