Establishment and Permitted Uses of Liquidity Reserve and Litigation Reserve Accounts. The Company hereby is authorized to establish and maintain or cause to be established and maintained a Liquidity Reserve Account and a Litigation Reserve Account in accordance with the Participation and Servicing Agreement and, in the event the Company elects to establish such accounts, the funds deposited therein shall be disbursed and used solely as provided in the Participation and Servicing Agreement.
Appears in 3 contracts
Samples: Limited Liability Company Operating Agreement, Limited Liability Company Operating Agreement, Limited Liability Company Operating Agreement
Establishment and Permitted Uses of Liquidity Reserve and Litigation Reserve Accounts. The Company hereby is authorized to establish and maintain or cause to be established and maintained a Liquidity Reserve Account and a Litigation Reserve Account in accordance with the Participation and Servicing Agreement and, in the event the Company elects to establish such accounts, the funds deposited therein shall be disbursed and used solely as provided in the Participation and Servicing Agreement.
Appears in 2 contracts
Samples: Limited Liability Company Operating Agreement, Limited Liability Company Operating Agreement
