Common use of Establishment of the Excess Funding Account Clause in Contracts

Establishment of the Excess Funding Account. The Servicer, for the ------------------------------------------- benefit of the Investor Certificateholders and the holder of the Seller Interest, shall establish and maintain or cause to be established and maintained in the name of the Trustee, on behalf of the Trust, with a Qualified Institution designated by the Servicer, a segregated trust account within the corporate trust department of such Qualified Institution (the "Excess Funding Account"), ---------------------- bearing a designation clearly indicating that the funds deposited therein are held in trust for the benefit of the Investor Certificateholders and the holder of the Seller Interest. The Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Excess Funding Account and in all proceeds thereof, and the Trustee shall have sole dominion and control of such account, funds and proceeds. Pursuant to the authority granted to it pursuant to subsection 3.1(b), the Servicer shall have the power, revocable by ----------------- the Trustee, to withdraw funds and to instruct the Trustee to withdraw funds from the Excess Funding Account for the purposes of carrying out its duties hereunder.

Establishment of the Excess Funding Account. The Servicer, for the ------------------------------------------- benefit of the Investor Certificateholders and the holder of the Seller Interest, shall establish and maintain or cause to be established and maintained in the name of the Trustee, on behalf of the Trust, with a Qualified Institution designated by the Servicer, a segregated trust account within the corporate trust department of such Qualified Institution (the "Excess Funding Account"), ---------------------- bearing a designation clearly indicating ---------------------- that the funds deposited therein are held in trust for the benefit of the Investor Certificateholders and the holder of the Seller Interest. The Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Excess Funding Account and in all proceeds thereof, and the Trustee shall have sole dominion and control of such account, funds and proceeds. Pursuant to the authority granted to it pursuant to subsection 3.1(b), the Servicer shall have the power, revocable ----------------- by ----------------- the Trustee, to withdraw funds and to instruct the Trustee to withdraw funds from the Excess Funding Account for the purposes of carrying out its duties hereunder.

Establishment of the Excess Funding Account. The Servicer, for the ------------------------------------------- benefit of the Investor Certificateholders and the holder Holder of the Exchangeable Seller InterestCertificate, shall establish and maintain or cause to be established and maintained in the name of the Trustee, on behalf of the Trust, with a Qualified Institution and held in trust by such Qualified Institution designated by the Servicer, a segregated trust account within the corporate trust department of such Qualified Institution (the "Excess Funding Account"), ---------------------- bearing a designation ---------------------- clearly indicating that the funds deposited therein are held in trust for the benefit of the Investor Certificateholders and the holder of the Exchangeable Seller InterestCertificate. The Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Excess Funding Account and in all proceeds thereof, and the Trustee shall have sole dominion and control of such account, funds and proceeds. Pursuant to the authority granted to it pursuant to subsection 3.1(b), the Servicer shall have the power, revocable by ----------------- the Trustee, ----------------- to withdraw funds and to instruct the Trustee to withdraw funds from the Excess Funding Account for the purposes of carrying out its duties hereunder.