Common use of Excess Funding Account; Deposits, Allocations and Withdrawals Clause in Contracts

Excess Funding Account; Deposits, Allocations and Withdrawals. (a) From and after the Effective Date, Excess Available Principal Amounts shall no longer be subject to deposit into the CARCO Excess Funding Account as provided in Section 4.04 of the Series 2002-CC Supplement, and instead shall be subject to deposit by the Trustee into the Excess Funding Account established and maintained in the name of the Trustee pursuant to Section 402(b) of the Indenture. The Trustee shall make deposits into the Excess Funding Account at such times and in such amounts as specified below in this Section 4.06.

Appears in 4 contracts

Samples: Sale and Servicing Agreement (Daimlerchrysler Master Owner Trust), Sale and Servicing Agreement (Daimlerchrysler Wholesale Receivables LLC), Sale and Servicing Agreement (Daimlerchrysler Master Owner Trust)

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