Common use of Establishment of Collection Account and Special Funding Account Clause in Contracts

Establishment of Collection Account and Special Funding Account. The Servicer, for the benefit of the Noteholders, shall establish and maintain for each Pool with the Indenture Trustee or its nominee in the name of the Indenture Trustee, on behalf of the Trust, a Qualified Account (including any subaccount thereof) bearing a designation clearly indicating that the funds and other property credited thereto are held for the benefit of the Noteholders relating to such Pool (the "Collection Account"). Where the Indenture or any Indenture Supplement employs the term "

Establishment of Collection Account and Special Funding Account. The Servicer, for the benefit of the Noteholders, shall establish and maintain for each Pool with the Indenture Trustee or its nominee in the name of the Indenture Trustee, on behalf of the Trust, a Qualified an Eligible Deposit Account (including any subaccount thereof) bearing a designation clearly indicating that the funds and other property credited thereto are held for the benefit of the Noteholders relating to such Pool (the "Collection Account"). Where the Indenture or any Indenture Supplement employs the term "

Establishment of Collection Account and Special Funding Account. The Servicer, for the benefit of the Noteholders, shall establish and maintain for each Pool with the Indenture Trustee or its nominee in the name of the Indenture Trustee, on behalf of the Trust, a Qualified Account (including any subaccount thereof) bearing a designation clearly indicating that the funds and other property credited thereto are held for the benefit of the Noteholders relating to such Pool (the "Collection AccountCOLLECTION ACCOUNT"). Where the Indenture or any Indenture Supplement employs the term "