Common use of Establishment of Certificate Distribution Account and Reserve Account Clause in Contracts

Establishment of Certificate Distribution Account and Reserve Account. (a) The Owner Trustee, for the benefit of the Trust Certificateholders, shall establish and maintain, or cause to be established and maintained, at the direction of the Transferor, an Eligible Account with and in the name of the Owner Trustee which shall be designated the "Certificate Distribution Account."

Establishment of Certificate Distribution Account and Reserve Account. (a) The Owner Trustee, for the benefit of the Trust Certificateholders, shall establish and maintain, or cause to be established and maintained, at the direction of the TransferorDepositor, an Eligible Account with and in the name of the Owner Trustee which shall be designated the "Certificate Distribution Account."13 (NALT 2020-A Amended and Restated Trust Agreement)