Common use of “Financial Assets” Election Clause in Contracts

“Financial Assets” Election. The 1998-C Securitization Trustee hereby agrees that the Reserve Fund and each item of property (whether investment property, financial asset, security or instrument), other than cash, credited to the Reserve Fund shall be treated as a "financial asset" within the meaning of Section 8-102(A)(9) of the UCC.

Appears in 2 contracts

Samples: 1998 C Securitization Trust Agreement (Toyota Auto Lease Trust 1998 C), Securitization Trust Agreement (Toyota Lease Trust)

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“Financial Assets” Election. The 1998-C B Securitization Trustee hereby agrees that the Reserve Fund and each item of property (whether investment property, financial asset, security or instrument), other than cash, credited to the Reserve Fund shall be treated as a "financial asset" within the meaning of Section 8-102(A)(9) of the UCC.

Appears in 1 contract

Samples: 1998 B Securitization Trust Agreement (Toyota Auto Lease Trust 1998-B)

“Financial Assets” Election. The 19981999-C Securitization A Owner Trustee hereby agrees that the Reserve Fund and each item of property (whether investment property, financial asset, security or instrument), other than cash, credited to the Reserve Fund shall be treated as a "financial asset" within the meaning of Section 8-102(A)(9102(a)(9) of the UCC.

Appears in 1 contract

Samples: Securitization Trust Agreement (Honda Titling D Lp)

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“Financial Assets” Election. The 19981999-C Securitization A Indenture Trustee hereby agrees that the Reserve Fund and each item of all property (whether investment property, financial assetsecurity, security instrument, cash or instrument), other than cash, otherwise) credited to the Reserve Fund shall be treated as a "financial asset" within the meaning of Section 8-102(A)(9102(a)(9) of the UCC.

Appears in 1 contract

Samples: 1999 a Securitization Trust Agreement (Honda Auto Lease Trust 1999a)

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