Common use of FSA Series Clause in Contracts

FSA Series. ACFS shall not enter into, or permit AFS Funding Trust to enter into, a transaction creating an FSA Series unless, upon issuance, such FSA Series is a "Designated FSA Series" under the Master Collateral and Intercreditor Agreement. ACFS shall not enter into any transaction creating a Series which is cross-collateralized with any FSA Series unless such cross-collateralization is pursuant to the Spread Account Agreement.

FSA Series. ACFS shall not Not enter into, or permit AFS Funding Trust to enter into, a transaction creating an FSA Series unless, upon issuance, such FSA Series is a "Designated FSA Series" under the Master Collateral and Intercreditor Agreement. ACFS shall not enter into any transaction creating a Series which is cross-collateralized with any FSA Series unless such cross-collateralization is pursuant to the Spread Account Agreement.