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Common use of Eligible Institution Clause in Contracts

Eligible Institution. The Servicer shall promptly notify the Indenture Trustee and the Owner Trustee of any change in the account number or location of the Collection Account.

Appears in 3 contracts

Sources: Sale and Servicing Agreement (Carmax Auto Owner Trust 2005-1), Sale and Servicing Agreement (Carmax Auto Funding LLC), Sale and Servicing Agreement (CarMax Auto Owner Trust 2005-2)

Parent Clauses

  • Definitions
  • Amount and Terms of Loan
  • Intermediarys Duties Regarding Pledged Collateral
  • Preferred lender list requirements
  • Lender Affiliates List

Sub-Clauses

  • Collateral Assignment of Distillery Contract
  • Note
  • Pledge and Security Agreements by
  • Modification of Pledge and Security Agreements by
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