Establishment of Trust Accounts. (a) (i) The Trust Collateral Agent, 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 Trust Collateral Agent on behalf of the Noteholders. The Collection Account shall initially be established with the Trust Collateral Agent.
Appears in 7 contracts
Samples: Sale and Servicing Agreement (GM Financial Consumer Automobile Receivables Trust 2024-4), Sale and Servicing Agreement (AmeriCredit Automobile Receivables Trust 2023-2), Sale and Servicing Agreement (AmeriCredit Automobile Receivables Trust 2023-2)
Establishment of Trust Accounts. (a) (i) The Trust Collateral Agent, on behalf of the NoteholdersNoteholders and the Insurer, shall establish and maintain in its own name an Eligible Deposit Account (the “Collection Account”"COLLECTION ACCOUNT"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Trust Collateral Agent on behalf of the NoteholdersNoteholders and the Insurer. The Collection Account shall initially be established with the Trust Collateral Agent.
Appears in 4 contracts
Samples: Sale and Servicing Agreement (Americredit Financial Services Inc), Sale and Servicing Agreement (Americredit Financial Services Inc), Sale and Servicing Agreement (Americredit Financial Services Inc)
Establishment of Trust Accounts. (a) (i) The Trust Collateral Agent, on behalf of the NoteholdersNoteholders and the Insurer, 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 Trust Collateral Agent on behalf of the NoteholdersNoteholders and the Insurer. The Collection Account shall initially be established with the Trust Collateral Agent.
Appears in 4 contracts
Samples: Sale and Servicing Agreement (AFS SenSub Corp.), Sale and Servicing Agreement (AmeriCredit Automobile Receivables Trust 2004-D-F), Sale and Servicing Agreement (Americredit Automobile Receivables Trust 2004-B-M)
Establishment of Trust Accounts. (a) (i) The Trust Collateral Agent, on behalf of the Noteholders, [shall establish and maintain in its own name]/[in the name of and for the benefit of the Trust shall establish] an Eligible Deposit Account (the “Collection Account”), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of [the Trust Collateral Agent on behalf of the NoteholdersNoteholders]/[the Trust]. The Collection Account shall initially be established with the Trust Collateral Agent.
Appears in 2 contracts
Samples: Sale and Servicing Agreement (Afs Sensub Corp.), Sale and Servicing Agreement (AFS SenSub Corp.)
Establishment of Trust Accounts. (a) (i) (i) The Trust Collateral Agent, on behalf of the Noteholders, [shall establish and maintain in its own name]/[in the name of and for the benefit of the Trust shall establish] an Eligible Deposit Account (the “Collection Account”), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of [the Trust Collateral Agent on behalf of the NoteholdersNoteholders]/[the Trust]. The Collection Account shall initially be established with the Trust Collateral Agent.
Appears in 1 contract
Establishment of Trust Accounts. (a) (i) The Trust Collateral Agent, on behalf of the NoteholdersNoteholders and the Insurer, 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 Trust Collateral Agent on behalf of the NoteholdersNoteholders and the Insurer. The Collection Account shall initially be established with the Trust Collateral Agent.
Appears in 1 contract
Samples: Sale and Servicing Agreement (Americredit Automobile Receivables Trust 2003-B-X)
Establishment of Trust Accounts. (a) (i) The Trust Collateral Agent, on behalf of the NoteholdersNoteholders and the Insurer, 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 Trust Collateral Agent Agent, in trust, on behalf of the NoteholdersNoteholders and the Insurer. The Collection Account shall initially be established with the Trust Collateral Agent.
Appears in 1 contract
Samples: Sale and Servicing Agreement (UPFC Auto Receivables Trust 2005-B)
Establishment of Trust Accounts. (a) (i) (i) The Trust Collateral Agent, 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 Trust Collateral Agent on behalf of the Noteholders. The Collection Account shall initially be established with the Trust Collateral Agent.
Appears in 1 contract
Samples: Sale and Servicing Agreement (AmeriCredit Automobile Receivables Trust 2012-4)
Establishment of Trust Accounts. (a) (i) The Trust Collateral Agent, on behalf of the Noteholders, [shall establish and maintain in its own name]/[in the name of and for the benefit of the Trust shall establish] an Eligible Deposit Account (the “Collection Account”), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Trust Collateral Agent on behalf of the NoteholdersNoteholders]/[the Trust]. The Collection Account shall initially be established with the Trust Collateral Agent.
Appears in 1 contract
