Initial Establishment of Accounts and Reserves Sample Clauses

Initial Establishment of Accounts and Reserves. On the Effective Date or as soon thereafter as practicable, the Liquidating Trustee shall establish the following accounts and reserves at an institution(s) approved by the United States Trustee:
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Initial Establishment of Accounts and Reserves. On the Effective Date or as soon thereafter as practicable, the Plan Administrator shall establish the following accounts and reserves (the “Reserves”):
Sample 1
Initial Establishment of Accounts and Reserves. On the Effective Date or as soon thereafter as practicable, the GUC Representative shall establish the GUC Distribution Fund, (A) into which shall be deposited the initial distribution of the $175,000.00 provided by the ERC Term Loan, any portion of the proceeds from the Litigation Fund in accordance with Section 5.2 of the Plan, and proceeds from the GUC Subordinated Plan Note, in accordance with Section 5.4 of the Plan, and (B) from which shall be made all distributions (“Distributions”) (1) on the Initial Distribution Date on account of General Unsecured Claims that were Allowed Claims on or before the Effective Date, and (2) on each subsequent Distribution Date. Further, the GUC Representative shall establish the following reserves with the amounts in the GUC Distribution Fund (the “Reserves”):
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Initial Establishment of Accounts and Reserves. On the Final Dismissal Date or as soon after as practicable, the Creditor Trustee must establish the following accounts and reserves:
Sample 1

Related to Initial Establishment of Accounts and Reserves

  • Establishment of Accounts The Escrow Agent hereby instructs the Depositary, and the Depositary agrees, to establish the separate deposit accounts listed on Schedule I hereto and to establish such additional separate deposit accounts as may be required in connection with the deposits contemplated by Section 2.4 hereof (each, an “Account” and collectively, the “Accounts”), each in the name of the Escrow Agent and all on the terms and conditions set forth in this Agreement.

  • Establishment of Account (a) The Fund hereby appoints the Custodian as the custodian of all Securities and cash at any time delivered to the Custodian to be held under this Agreement. The Custodian hereby accepts such appointment and agrees to establish and maintain one or more accounts for each Series in which the Custodian will hold Securities and cash as provided herein. Such accounts (each, an “Account,” and collectively, the “Accounts”) shall be in the name of the Fund and Series, if any.

  • Establishment of Reserve Account Pledgor and Secured Party hereby authorize and direct Securities Intermediary to establish and maintain in its corporate trust department, a segregated trust account that is an Eligible Deposit Account and that is a “securities account” as that term is defined in Section 8-501(a) of the UCC in the name of Secured Party and under the sole dominion and control of Secured Party, designated as “Toyota Auto Receivables 20[__]-[_] Owner Trust Reserve Account.” Securities Intermediary hereby undertakes to treat Secured Party as the person entitled to exercise the rights that comprise any Financial Asset credited to the Reserve Account. Secured Party and Pledgor agree that this account shall be the Reserve Account.

  • Investment of Accounts (a) To the extent there are uninvested amounts deposited in the Series Accounts, the Issuer shall cause such amounts to be invested in Permitted Investments selected by the Issuer that mature no later than the immediately preceding Transfer Date.

  • Administration and Reserves (a) Notwithstanding the provisions of Article III, but subject to any contrary provisions of any Related Agreement, from and after the Distribution Date:

  • Establishment of Bank Accounts On or before the Closing Date, the Servicer will establish the following segregated trust accounts at a Qualified Institution (initially the corporate trust department of ), each in the name “ , as Indenture Trustee, as secured party for Ford Credit Auto Owner Trust 20 - “, to be designated as follows:

  • Establishment of Trust Accounts (a) (i) The Servicer, for the benefit of the Noteholders and the Certificateholders, shall establish and maintain in the name of the Indenture Trustee an Eligible Deposit Account (the “Collection Account”), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Noteholders and the Certificateholders.

  • Establishment of Collateral Accounts The Custodian hereby confirms and agrees that:

  • Establishment of Deposit Account The Financial Institution hereby confirms and agrees that:

  • Establishment of Collateral Account The Securities Intermediary hereby confirms that:

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