Establishment of Other Accounts Sample Clauses

Establishment of Other Accounts. (i) The Indenture Trustee shall establish, initially with itself, the Reserve Account, the Collection Account and the Note Distribution Account, each in the name of the Indenture Trustee for the benefit of the Noteholders and, solely in the case of the Collection Account and the Reserve Account, the Certificateholders. The Indenture Trustee shall establish, initially with itself, the Class N Reserve Account in the name of the Indenture Trustee for the benefit of the Class N Noteholders.
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Establishment of Other Accounts. Prior to the initial Advance in any currency other than Dollars hereunder or Reinvestment in or pledge of Collateral Obligations denominated in any currency other than Dollars, evidence that each Account with respect to such currency has been established; and
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Establishment of Other Accounts. The Obligors shall establish with an Acceptable Bank, and will maintain in full force and effect during the periods throughout the term of this Agreement set forth below, (i) a Debt Service Reserve Account (said account, together with any replacements thereof or substitutions therefor, the “Debt Service Reserve Account”), upon the first occurrence of an event that requires funds to be deposited therein to satisfy the Debt Service Reserve Requirement (whether by amounts on deposit in such Debt Service Reserve Account and/or availability under a Debt Service Reserve Letter of Credit), (ii) a Default Revenue Account (said account, together with any replacements thereof or substitutions therefor, the “Default Revenue Account”), upon the first occurrence of a Default or an Event of Default and Trustee’s receipt of written direction from the Required Secured Parties in accordance with Section 7.1(a), (iii) a Control Account (said account, together with any replacements thereof or substitutions therefor, the “Control Account”), upon the first occurrence of a Control Event and Trustee’s receipt of written direction from the Required Secured Parties and (iv) a Collateral Proceeds Account (said account, together with any replacements thereof or substitutions therefor, the “Collateral Proceeds Account”), upon the first occurrence of any event that requires funds to be deposited in the Collateral Proceeds Account in accordance with Section 7.5; provided, that each such Account shall be established and maintained by the Trustee (it being understood that the Trustee shall be an Acceptable Bank for purposes herein so long as the Trustee satisfies the requirements of Section 8.11 hereof) for the benefit of the Secured Parties.
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Establishment of Other Accounts. The Purchaser shall establish the Collection Account.
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Related to Establishment of Other Accounts

  • Establishment of Accounts The Escrow Agent hereby instructs the Depositary, and the Depositary agrees, to establish the separate deposit accounts listed on Schedule I hereto and to establish such additional separate deposit accounts as may be required in connection with the deposits contemplated by Section 2.4 hereof (each, an “Account” and collectively, the “Accounts”), each in the name of the Escrow Agent and all on the terms and conditions set forth in this Agreement.

  • Establishment of Account (a) The Fund hereby appoints the Custodian as the custodian of all Securities and cash at any time delivered to the Custodian to be held under this Agreement. The Custodian hereby accepts such appointment and agrees to establish and maintain one or more accounts for each Series in which the Custodian will hold Securities and cash as provided herein. Such accounts (each, an “Account,” and collectively, the “Accounts”) shall be in the name of the Fund and Series, if any.

  • Other Accounts On the date of withdrawal of any Deposit, the Escrow Agent, or the Pass Through Trustee on behalf of the Escrow Agent, shall be entitled to re-deposit with the Depositary any portion thereof and the Depositary shall accept the same for deposit hereunder. Any sums so received for deposit shall be established as a new Deposit and credited to a new Account, all as more fully provided in Section 2.1 hereof, and thereafter the provisions of this Agreement shall apply thereto as fully and with the same force and effect as if such Deposit had been established on the Deposit Date except that (i) such Deposit may not be withdrawn prior to the date seven days after the establishment thereof and (ii) such Deposit shall mature on June 15, 2000 (as such date may be extended from time to time to the fifteenth day after the Delivery Period Termination Date) and bear interest as provided in Section 2.2. The Depositary shall promptly give notice to the Escrow Agent of the account number assigned to any such re-deposit.

  • Establishment of Trust Accounts (a) (i) The Servicer, for the benefit of the Noteholders and the Certificateholders, shall establish and maintain in the name of the Indenture Trustee an Eligible Deposit Account (the “Collection Account”), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Noteholders and the Certificateholders.

  • Establishment of Collateral Accounts The Custodian hereby confirms and agrees that:

  • Services to other Accounts The Trust understands that the Adviser acts as investment adviser to other managed accounts, and the Trust has no objection to the Adviser so acting, provided that whenever the Fund and one or more other accounts advised by the Adviser are prepared to purchase or sell the same security, available investments or opportunities for sales will be allocated in accordance with the written policies of the Adviser and in a manner believed by the Adviser to be equitable to each entity under the specific circumstances. The Trust recognizes that in some cases this procedure may affect adversely the price paid or received by the Fund or the size of the position purchased or sold by the Fund. In addition, the Trust understands that the persons employed by the Adviser to provide service to the Fund in connection with the performance of the Adviser’s duties under this Agreement will not devote their full time to that service. Moreover, nothing contained in this Agreement will be deemed to limit or restrict the right of the Adviser or any “affiliated person” of the Adviser to engage in and devote time and attention to other businesses or to render services of whatever kind or nature to other persons or entities, including serving as investment adviser to, or employee, officer, director or trustee of, other investment companies.

  • Establishment of Bank Accounts On or before the Closing Date, the Servicer will establish the following segregated trust accounts at a Qualified Institution (initially the corporate trust department of ), each in the name “ , as Indenture Trustee, as secured party for Ford Credit Auto Owner Trust 20 - ”, to be designated as follows:

  • Establishment of Reserve Account Pledgor and Secured Party hereby authorize and direct Securities Intermediary to establish and maintain in its corporate trust department, a segregated trust account that is an Eligible Deposit Account and that is a “securities account” as that term is defined in Section 8-501(a) of the UCC in the name of Secured Party and under the sole dominion and control of Secured Party, designated as “Toyota Auto Receivables 20[__]-[_] Owner Trust Reserve Account.” Securities Intermediary hereby undertakes to treat Secured Party as the person entitled to exercise the rights that comprise any Financial Asset credited to the Reserve Account. Secured Party and Pledgor agree that this account shall be the Reserve Account.

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