General Provisions Regarding Trust Accounts. The Indenture Trustee shall not in any way be held liable by reason of any insufficiency in any of the Trust Accounts resulting from any loss on any Permitted Investment included therein except for losses attributable to the Indenture Trustee’s failure to make payments on such Permitted Investments issued by the Indenture Trustee, in its commercial capacity as principal obligor and not as trustee, in accordance with their terms.
General Provisions Regarding Trust Accounts. (a) All or a portion of the funds in the Collection Account and the Transfer Obligation Account shall be invested in Permitted Investments in accordance with the provisions of Section 5.03(b) of the Sale and Servicing Agreement. The Indenture Trustee will not make any investment of any funds or sell any investment held in the Collection Account or the Transfer Obligation Account (other than in Permitted Investments in accordance with Section 5.03(b) of the Sale and Servicing Agreement) unless the security interest Granted and perfected in such account will continue to be perfected in such investment or the proceeds of such sale, in either case without any further action by any Person, as evidenced by an Opinion of Counsel delivered to the Indenture Trustee by the Initial Noteholder or the Servicer, as the case may be.
General Provisions Regarding Trust Accounts. (a) All or a portion of the funds in the Collection Account may be invested in Permitted Investments in accordance with the provisions of Section 5.03(b) of the Sale and Servicing Agreement.
General Provisions Regarding Trust Accounts. 50 8.4 Release of Trust Estate........................................................................50 8.5
General Provisions Regarding Trust Accounts. (a) Funds and other property in each Trust Account shall not be commingled with any other moneys or property of the Depositor or any Affiliate thereof. Notwithstanding the foregoing, the Trustee may hold any funds or other property received or held by it as part of a Trust Account in collective accounts maintained by it in the normal course of its business and containing funds or property held by it for other Persons (which may include the Depositor or an Affiliate), provided that such accounts are under the sole control of the Trustee and the Trustee maintains adequate records indicating the ownership of all such funds or property and the portions thereof held for credit to each Trust Account.
General Provisions Regarding Trust Accounts. (a) So long as no Default or Event of Default shall have occurred and be continuing, all or a portion of the funds in the Trust Accounts shall be invested in Eligible Investments and reinvested by the Trustee upon receipt of an Issuer Order, subject to the provisions of Section 5.01(b) of the Sale and Servicing Agreement. Except as otherwise provided in Section 5.01(b) of the Sale and Servicing Agreement, all income or other gain from investments of monies deposited in such Trust Accounts shall be deposited by the Trustee in the related Trust Account and any loss resulting from such investments shall be charged to the related Trust Account. The Issuer will not direct the Trustee to make any investment of any funds or to sell any investment held in any of the Trust Accounts unless the security interest Granted and perfected in such account will continue to be perfected in such investment or the proceeds of such sale, in either case without any further action by any Person, and, in connection with any direction to the Trustee to make any such investment or sale, if requested by the Trustee, the Issuer shall deliver to the Trustee an Opinion of Counsel, acceptable to the Trustee, to such effect.
General Provisions Regarding Trust Accounts. (a) Funds and other property in each Trust Account shall not be commingled with any other moneys or property of the Depositor or any Affiliate thereof. Notwithstanding the foregoing, the [Trustee] [Securities Administrator] may hold any funds or other property received or held by it as part of a Trust Account in collective accounts maintained by it in the normal course of its business and containing funds or property held by it for other Persons (which may include the Depositor or an Affiliate), provided that such accounts are under the sole control of the [Trustee] [Securities Administrator] and the [Trustee] [Securities Administrator] maintains adequate records indicating the ownership of all such funds or property and the portions thereof held for credit to each Trust Account.
General Provisions Regarding Trust Accounts. (a) Prior to the completion of the Registration Conditions, so long as no Termination Event shall have occurred and be continuing, all or a portion of the funds in the Trust Accounts shall be invested in Eligible Investments and reinvested by the Collateral Agent subject to the provisions of Section 5.1(b) of this Agreement. All income or other gain from investments of moneys deposited in the Trust Accounts shall be deposited by the Collateral Agent into the Collection Account, and any loss or expenses resulting from such investments shall be charged to such account. The Servicer or Borrower will not direct the Collateral Agent to make any investment of any funds or to sell any investment held in any of the Trust Accounts unless the security interest granted and perfected in such account will continue to be perfected in such investment or the proceeds of such sale, in either case without any further action by any Person.
General Provisions Regarding Trust Accounts. (a) So long as no Default or Event of Default shall have occurred and be continuing, all or a portion of the funds in the Collection Account and Transfer Obligation Account shall be invested in Permitted Investments and reinvested by the Servicer and the Indenture Trustee, as applicable, at the direction of the Servicer in accordance with the provisions of SECTION 5.03(b) of the Sale and Servicing Agreement. All income or other gain from investments of moneys deposited in the Collection Account and Transfer Obligation Account shall be deposited by the Indenture Trustee into the Collection Account or Transfer Obligation Account, as the case may be, immediately upon receipt thereof by the Indenture Trustee. The Loan Originator will not direct the Indenture Trustee to make any investment of any funds or to sell any investment held in the Collection Account or Transfer Obligation Account unless the security interest Granted and perfected in such account will continue to be perfected in such investment or the proceeds of such sale, in either case without any further action by any Person, and, in connection with any direction to the Indenture Trustee to make any such investment or sale, if requested by the Indenture Trustee, the Issuer shall deliver to the Indenture Trustee an Opinion of Counsel, acceptable to the Indenture Trustee, to such effect.
General Provisions Regarding Trust Accounts. (a) Each Trust Account shall relate solely to the Bonds of the Series with respect to which it was established and to the Certificates and other property securing such Series. Funds and other property in each Trust Account shall not be commingled with any other moneys or property of the Issuer or any Affiliate thereof. Notwithstanding the foregoing, the Trustee may hold any funds or other property received or held by it as part of a Trust Account in collective accounts maintained by it in the normal course of its business and containing funds or property held by it for other Persons (which may include the Issuer or an Affiliate), provided that such accounts are under the sole control of the Trustee and the Trustee maintains adequate records indicating the ownership of all such funds or property and the portions thereof held for credit to each Trust Account.