Common use of Establishment of Trust Accounts Clause in Contracts

Establishment of Trust Accounts. (a) (i) The Indenture Trustee, on behalf of the Noteholders, shall establish and maintain in its own name an Eligible Deposit Account (the “Collection Account”), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Indenture Trustee on behalf of the Noteholders. The Collection Account shall initially be established with the Indenture Trustee.

Appears in 7 contracts

Samples: Sale and Servicing Agreement (Exeter Automobile Receivables Trust 2021-4), Sale and Servicing Agreement (Exeter Automobile Receivables Trust 2021-2), Sale and Servicing Agreement (Exeter Automobile Receivables Trust 2021-2)

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Establishment of Trust Accounts. (a) (i) The Indenture TrusteeServicer, on behalf for the benefit of the NoteholdersNoteholders and the Certificateholder, shall establish and maintain in its own 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 Indenture Trustee on behalf of Noteholders and the Noteholders. The Collection Account shall initially be established with the Indenture TrusteeCertificateholder.

Appears in 6 contracts

Samples: Sale and Servicing Agreement (John Deere Owner Trust 2013-B), Sale and Servicing Agreement (John Deere Owner Trust 2011), Sale and Servicing Agreement (John Deere Owner Trust 2010)

Establishment of Trust Accounts. (a) (i) The Indenture TrusteeServicer, on behalf for the benefit of the Noteholders[, the Counterparties] and the Certificateholders, shall establish and maintain in its own 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 Indenture Trustee on behalf of Noteholders[, the Noteholders. The Collection Account shall initially be established with Counterparties] and the Indenture TrusteeCertificateholders.

Appears in 4 contracts

Samples: Sale and Servicing Agreement (CNH Capital Receivables LLC), Sale and Servicing Agreement (CNH Capital Receivables LLC), Sale and Servicing Agreement (CNH Capital Receivables LLC)

Establishment of Trust Accounts. (a) (i) The Servicer, for the benefit of the Noteholders and the Certificateholder, shall establish with the Indenture Trustee, on behalf of the Noteholders, shall establish and maintain in its own 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 Indenture Trustee on behalf of Noteholders and the Noteholders. The Collection Account shall initially be established with the Indenture TrusteeCertificateholder.

Appears in 4 contracts

Samples: Sale and Servicing Agreement (John Deere Receivables, Inc.), Sale and Servicing Agreement (John Deere Receivables, Inc.), Sale and Servicing Agreement (John Deere Receivables, Inc.)

Establishment of Trust Accounts. (a) (i) A.1. The Indenture TrusteeAdministrator, on behalf for the benefit of the NoteholdersIssuer, shall establish and maintain in its own 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 Indenture Trustee on behalf of the NoteholdersIssuer. The Collection Account shall will initially be established as a segregated trust account in the name of the Indenture Trustee with the Indenture Trusteecorporate trust department of Bankers Trust Company.

Appears in 3 contracts

Samples: Master Administration Agreement (SLM Funding Corp), Administration Agreement (SLM Funding Corp), Administration Agreement (SLM Funding Corp)

Establishment of Trust Accounts. (a) (i) The Indenture TrusteeServicer, on behalf for the benefit of the NoteholdersNoteholders and the Certificateholders, shall establish and maintain in its own 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 Indenture Trustee on behalf of Noteholders and the Noteholders. The Collection Account shall initially be established with the Indenture TrusteeCertificateholders.

Appears in 3 contracts

Samples: Sale and Servicing Agreement (Goldman Sachs Asset Backed Securities Corp), Sale and Servicing Agreement (Goldman Sachs Asset Backed Securities Corp), Sale and Servicing Agreement (Goldman Sachs Asset Backed Securities Corp)

Establishment of Trust Accounts. (a) (i) The Indenture Trustee, on behalf of the NoteholdersNoteholders and the Insurer, shall will establish and maintain in its own name an one or more Eligible Deposit Account Accounts (collectively, the “Collection Account”), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Indenture Trustee on behalf of the NoteholdersNoteholders and the Insurer. The Collection Account shall will initially be established with the Indenture Trustee.

Appears in 3 contracts

Samples: Sale and Servicing Agreement (Triad Financial Special Purpose LLC), Sale and Servicing Agreement (Triad Financial Special Purpose LLC), Sale and Servicing Agreement (Triad Financial Special Purpose LLC)

Establishment of Trust Accounts. (a) (i) The Indenture Trustee, on behalf of the NoteholdersNoteholders and the Insurer, shall will establish and maintain in its own name an one or more Eligible Deposit Account Accounts (collectively, the "Collection Account"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Indenture Trustee on behalf of the NoteholdersNoteholders and the Insurer. The Collection Account shall will initially be established with the Indenture Trustee.

Appears in 2 contracts

Samples: Sale and Servicing Agreement (Triad Automobile Receivables Trust 2004-A), Sale and Servicing Agreement (Triad Automobile Receivables Trust 2003-B)

Establishment of Trust Accounts. (a) (i) The Indenture Trustee, on behalf for the benefit of the NoteholdersCertificateholders, shall establish and maintain in its own the name of the 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 Indenture Trustee on behalf of the Noteholders. The Collection Account shall initially be established with the Indenture TrusteeCertificateholders.

Appears in 2 contracts

Samples: Trust Agreement (Gs Mortgage Securities Corp), Trust Agreement (Goldman Sachs Asset Backed Securities Corp)

Establishment of Trust Accounts. (a) (i) The Indenture Trustee, on behalf of the NoteholdersNoteholders and the Insurer, shall will establish and maintain in its own name an one or more Eligible Deposit Account Accounts reasonably acceptable to the Insurer (collectively, the "Collection Account"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Indenture Trustee on behalf of the NoteholdersNoteholders and the Insurer. The Collection Account shall will initially be established with the Indenture Trustee.

Appears in 2 contracts

Samples: Sale and Servicing Agreement (Bond Securitization LLC), Sale and Servicing Agreement (Triad Automobile Receivables Trust 2002 A)

Establishment of Trust Accounts. (a) (i) The Servicer, for the benefit of the Noteholders and the Certificateholder, shall establish with the Account Bank, and maintain in the name of the Indenture Trustee, on behalf of the Noteholders, shall establish and maintain in its own name an Eligible Deposit Account (the “Collection Account”), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Indenture Trustee on behalf of Noteholders and the Noteholders. The Collection Account shall initially be established with the Indenture TrusteeCertificateholder.

Appears in 2 contracts

Samples: Sale and Servicing Agreement (Deere John Capital Corp), Sale and Servicing Agreement (John Deere Receivables LLC)

Establishment of Trust Accounts. (a) (i) The Indenture TrusteeServicer, on behalf for the benefit of the NoteholdersNoteholders and the Certificateholders, shall establish cause to be established and maintain maintained with and in its own 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 Indenture Trustee on behalf of Noteholders and the Noteholders. The Collection Account shall initially be established with the Indenture TrusteeCertificateholders.

Appears in 2 contracts

Samples: Sale and Servicing Agreement (World Omni Auto Receivables LLC), Sale and Servicing Agreement (World Omni Auto Receivables LLC)

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Establishment of Trust Accounts. (a) (i) The Indenture Trustee, on behalf of the NoteholdersNoteholders [and the Insurer], shall will establish and maintain in its own name an one or more Eligible Deposit Account Accounts (collectively, the "Collection Account"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Indenture Trustee on behalf of the NoteholdersNoteholders [and the Insurer]. The Collection Account shall will initially be established with the Indenture Trustee.

Appears in 2 contracts

Samples: Sale and Servicing Agreement (Triad Financial Special Purpose LLC), Sale and Servicing Agreement (Triad Financial Special Purpose LLC)

Establishment of Trust Accounts. (a) (i) The Indenture Trustee, on behalf for the benefit of the NoteholdersNoteholders and the Residual Interestholder, shall establish and maintain in its own 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 Indenture Trustee on behalf of the Noteholders. The Collection Account shall initially be established with the Indenture TrusteeNoteholders and Residual Interestholder.

Appears in 1 contract

Samples: Transfer and Servicing Agreement (Deutsche Recreational Asset Funding Corp)

Establishment of Trust Accounts. (a) (i) The Indenture Trustee, on behalf of the Noteholders, shall establish and maintain in its own name an Eligible Deposit Account (the "Collection Account"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Indenture Trustee on behalf of the Noteholders. The Collection Account shall initially be established with the Indenture Trustee.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Americredit Corp)

Establishment of Trust Accounts. (a) (i) The Indenture TrusteeServicer, on behalf for the benefit of the NoteholdersNoteholders and Certificateholders, shall establish and maintain in its own the name of 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 Indenture Trustee on behalf of the Noteholders. The Collection Account shall initially be established with the Indenture TrusteeNoteholders and Certificateholders.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Provident Lease Receivables Corp)

Establishment of Trust Accounts. (a) (i) The Indenture Trustee, on behalf for the benefit of the NoteholdersNoteholders and the Residual Interestholder, shall establish and maintain in its own 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 Indenture Trustee on behalf of the Noteholders. The Collection Account shall initially be established with the Indenture TrusteeNoteholders and Residual Interestholder.

Appears in 1 contract

Samples: Transfer and Servicing Agreement (Deutsche Recreational Asset Funding Corp)

Establishment of Trust Accounts. (a) (i) The Indenture Trustee, Trustee on behalf of the Noteholders, the Owner Trustee (on behalf of the Certificateholders) and the Security Insurer, shall establish and maintain in its own the name of the Indenture Collateral Agent an Eligible Deposit Account (the "Collection Account"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit on behalf of the Indenture Noteholders, the Owner Trustee on behalf of the NoteholdersCertificateholders, and the Security Insurer. The Investment Earnings on funds in the Collection Account shall initially be established with paid to the Indenture TrusteeServicer.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Franklin Receivables LLC)

Establishment of Trust Accounts. (a) (i) The Indenture Trustee, on behalf for the benefit of the Noteholders, shall establish and maintain in its own the name an Eligible Deposit Account (of the Indenture Trustee each of the Collection Account”), bearing a designation clearly indicating that the funds deposited therein are held Note Distribution Account, the Reserve Account, the Expense Account and the Monthly Advance Account. The Eligible Lender Trustee, for the benefit of the Indenture Trustee on behalf Certificateholders, shall establish and maintain in the name of the Noteholders. The Collection Account shall initially be established with Eligible Lender Trustee the Indenture Trustee.Certificate Distribution Account

Appears in 1 contract

Samples: Transfer and Servicing Agreement (PNC Bank National Association/)

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