Common use of Funds Deposited with Owner Trustee Clause in Contracts

Funds Deposited with Owner Trustee. All funds deposited with the Owner Trustee may be held in a non-interest bearing trust account and are not required to be segregated from other funds, except to the extent required by law or the terms of this Agreement.

Appears in 88 contracts

Samples: Trust Agreement (Ford Credit Auto Owner Trust 2024-B), Trust Agreement (Ford Credit Auto Owner Trust 2024-B), Trust Agreement (Ford Credit Auto Owner Trust 2024-A)

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Funds Deposited with Owner Trustee. All funds deposited with the Owner Trustee may be held in a non-interest bearing trust account and are not required to be segregated from other funds, except to the extent required by law Law or the terms of this Agreement.

Appears in 20 contracts

Samples: Trust Agreement (Verizon Master Trust), Trust Agreement (Verizon Master Trust), Trust Agreement (Verizon Master Trust)

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