Common use of INCOME PAYMENTS AND PRINCIPAL PAYMENTS Clause in Contracts

INCOME PAYMENTS AND PRINCIPAL PAYMENTS. (a) The Cash Management Account shall be established at the Depository concurrently with the execution and delivery of this Agreement by Seller and Buyer. Buyer shall have sole dominion and control over the Cash Management Account, which shall be an interest-bearing account as to which the Seller has "view only" rights. All Income in respect of the Portfolio Collateral and any payments in respect of associated Hedging Transactions, as well as any interest received from the reinvestment of such Income, shall be deposited directly into the Cash Management Account and shall be remitted by the Depository in accordance with the applicable provisions of Sections 5(b), 5(c), 5(d), 5(e), 5(f) and 14(a)(i) of this Agreement.

INCOME PAYMENTS AND PRINCIPAL PAYMENTS. (a) The Cash Management Account shall be established at the Depository pursuant to the Control Agreement concurrently with the execution and delivery of this Agreement by Seller and Buyer. Buyer shall have sole dominion and control over the Cash Management Account, which shall be an interest-bearing account as subject to which the Seller has "view only" rightsControl Agreement. All Income in respect of the Portfolio Collateral Purchased Assets and any payments made to Seller in respect of associated Hedging Transactions, as well as any interest received from the reinvestment of such Income, shall be deposited directly into the Cash Management Account and shall be remitted by the Depository in accordance with the applicable provisions of Sections Articles 5(b), 5(c), 5(d), 5(e), 5(f) ), and 14(a)(i5(g) of this Agreement.

INCOME PAYMENTS AND PRINCIPAL PAYMENTS. (a) The Cash Management Account shall be established and maintained by Seller at the Depository concurrently with the execution and delivery of this Agreement by Seller and BuyerDepository. Buyer shall have sole dominion and control over the Cash Management Account, which shall be an interest-bearing account as to which the Seller has "view only" rights. All Available Income in respect of the Portfolio Collateral Purchased Assets and any payments in respect of associated required to be made to Seller under any Seller Hedging Transactions, as well as any interest received from the reinvestment of such IncomeTransaction, shall be deposited by the Servicer (and Seller shall cause the Servicer to so deposit) directly into the Cash Management Account and without any further action of Seller or Buyer. All such amounts transferred into the Cash Management Account shall be remitted by the Depository in accordance with the applicable provisions of Sections 5(b), 5(c), 5(d), 5(e), 5(f), 5(g) and 14(a)(i14(b)(iii) of this Agreement.

INCOME PAYMENTS AND PRINCIPAL PAYMENTS. (a) The Cash Management Depository Account shall be established at the Depository pursuant to the Depository Agreement concurrently with the execution and delivery of this Agreement by Seller and Buyer. Buyer shall have sole dominion and control over the Cash Management Depository Account, which shall be an interest-bearing account as subject to which the Seller has "view only" rightsDepository Agreement. All Income in respect of the Portfolio Collateral Purchased Assets and any payments made to Seller in respect of associated Hedging Transactions, as well as any interest received from the reinvestment of such Income, shall be deposited directly into the Cash Management Depository Account and shall be remitted by the Depository in accordance with the applicable provisions of Sections Articles 5(b), 5(c), 5(d), 5(e), 5(f), 5(g) and 14(a)(i5(h) of this Agreement.