Common use of Establishment of the Cash Trap Reserve Account Clause in Contracts

Establishment of the Cash Trap Reserve Account. The Co-Issuers have established the Cash Trap Reserve Account in the name of the Trustee for the benefit of the Secured Parties, bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Secured Parties. The Cash Trap Reserve Account shall be an Eligible Account.

Establishment of the Cash Trap Reserve Account. The Co-Issuers have As of the Original Closing Date, the Issuer has established with the Trustee the Cash Trap Reserve Account in the name of the Trustee for the benefit of the Secured Parties, bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Secured Parties. The Cash Trap Reserve Account shall be an Eligible Account.

Establishment of the Cash Trap Reserve Account. The CoAs of the Series 2015-Issuers have 1 Closing Date, the Issuer has established with the Trustee the Cash Trap Reserve Account in the name of the Trustee for the benefit of the Secured Parties, bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Secured Parties. The Cash Trap Reserve Account shall be an Eligible Account.

Establishment of the Cash Trap Reserve Account. The As of the Closing Date, the Co-Issuers have established and shall maintain with the Trustee the Cash Trap Reserve Account as a segregated trust account in the name of the Trustee for the benefit of the Secured Parties, bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Secured Parties. The Cash Trap Reserve Account shall be an Eligible Account.