Common use of Legacy Accounts Clause in Contracts

Legacy Accounts. In the case of any mandatory or optional redemption in full of any Class or Series of Notes issued pursuant to this Base Indenture, on the Notes Discharge Date with respect to such Class or Series of Notes, the Issuer may (but are not required to) elect to have all or any portion of the funds held in any Legacy Account with respect to such Class, Subclass, Tranche or Series of Notes transferred to the applicable distribution account for such Class, Subclass, Tranche or Series of Notes, for application toward the prepayment of such Class or Series of Notes; provided that the foregoing shall not limit any provisions set forth in the applicable Series Supplement. If the Issuer does not elect to have such funds so transferred, or if the Issuer elect to have only a portion of such funds so transferred, any funds remaining in the applicable Legacy Account after the applicable Notes Discharge Date shall be deposited into the Collection Account for application in accordance with the Priority of Payments. When the balance of any Legacy Account has been reduced to zero, the Trustee may close such account. The Trustee shall make the distributions and transfers and shall close any accounts as contemplated by this Section 5.8 pursuant to instructions delivered by the Issuer to the Trustee.

Legacy Accounts. In the case of any mandatory or optional redemption in full of any Class Series, Class, Subclass or Series Tranche of Notes issued pursuant to this Base Indenture, on the Notes Discharge Date with respect to such Class Series, Class, Subclass or Series Tranche of Notes, the Master Issuer may (but are is not required to) elect to have all or any portion of the funds held in any Legacy Account with respect to such Series, Class, Subclass, Subclass or Tranche or Series of Notes transferred to the applicable distribution account for such Series, Class, Subclass, Subclass or Tranche or Series of Notes, for application toward the prepayment of such Class Series, Class, Subclass or Series Tranche of Notes; provided that the foregoing shall not limit any provisions set forth in the applicable Series Supplement. If the Master Issuer does not elect to have such funds so transferred, or if the Master Issuer elect elects to have only a portion of such funds so transferred, any funds remaining in the applicable Legacy Account after the applicable Notes Discharge Date shall be deposited into the Collection Account for application in accordance with the Priority of Payments. When the balance of any Legacy Account has been reduced to zero, the Trustee may close such account. The Trustee shall make the distributions and transfers and shall close any accounts as contemplated by this Section 5.8 5.10 pursuant to instructions delivered by the Master Issuer to the Trustee.

Legacy Accounts. In the case of any mandatory or optional redemption in full of any Class Series, Class, Subclass or Series Tranche of Notes issued pursuant to this Base Indenture, on the Notes Discharge Date with respect to such Class Series, Class, Subclass or Series Tranche of Notes, the Master Issuer may (but are is not required to) elect to have all or any portion of the funds held in any Legacy Account with respect to such Series, Class, Subclass, Subclass or Tranche or Series of Notes transferred to the applicable distribution account for such Series, Class, Subclass, Subclass or Tranche or Series of Notes, for application toward the prepayment of such Class Series, Class, Subclass or Series Tranche of Notes; provided that the foregoing shall not limit any provisions set forth in the applicable Series Supplement. If the Master Issuer does not elect to have such funds so transferred, or if the Master Issuer elect elects to have only a portion of such funds so transferred, any funds remaining in the applicable Legacy Account after the applicable Notes Discharge Date shall be deposited into the Collection Account for application in accordance with the Priority of Payments. When the balance of any Legacy Account has been reduced to zero, the Trustee may close such account. The Trustee shall make the distributions and transfers and shall close any accounts as contemplated by this Section 5.8 5.10 pursuant to instructions delivered by the Master Issuer to the Trustee. Section 5.11 Deposits, Withdrawals and Collections.

Legacy Accounts. In the case of any mandatory or optional redemption in full of any Class or Series of Notes issued pursuant to this Base Indenture, on the Notes Discharge Date with respect to such Class or Series of Notes, the Issuer Co-Issuers may (but are not required to) elect to have all or any portion of the funds held in any Legacy Account with respect to such Class, Subclass, Tranche or Series of Notes transferred to the applicable distribution account for such Class, Subclass, Tranche or Series of Notes, for application toward the prepayment of such Class or Series of Notes; provided that the foregoing shall not limit any provisions set forth in the applicable Series Supplement. If the Issuer does Co-Issuers do not elect to have such funds so transferred, or if the Issuer Co-Issuers elect to have only a portion of such funds so transferred, any funds remaining in the applicable Legacy Account after the applicable Notes Discharge Date shall be deposited into the Collection Account for application in accordance with the Priority of Payments. When the balance of any Legacy Account has been reduced to zero, the Trustee may close such account. The Trustee shall make the distributions and transfers and shall close any accounts as contemplated by this Section 5.8 5.11 pursuant to instructions delivered by the Issuer Co-Issuers to the Trustee.

Legacy Accounts. In the case of any mandatory or optional redemption in full of any Class Series, Class, Subclass or Series Tranche of Notes issued pursuant to this Base Indenture, on the Notes Discharge Date with respect to such Class Series, Class, Subclass or Series Tranche of Notes, the Master Issuer may (but are is not required to) elect to have all or any portion of the funds held in any Legacy Account with respect to such Series, Class, Subclass, Subclass or Tranche or Series of Notes transferred to the applicable distribution account for such Series, Class, Subclass, Subclass or Tranche or Series of Notes, for application toward the prepayment of such Class Series, Class, Subclass or Series Tranche of Notes; provided that the foregoing shall not limit any provisions set forth in the applicable Series Supplement. If the Master Issuer does not elect to have such funds so transferred, or if the Master Issuer elect elects to have only a portion of such funds so transferred, any funds remaining in the applicable Legacy Account after the applicable Notes Discharge Date shall be deposited into the Collection Account for application in accordance with the Priority of Payments. When the balance of any Legacy Account has been reduced to zero, the Trustee may close such account. The Trustee shall make the distributions and transfers and shall close any accounts as contemplated by this Section 5.8 5.11 pursuant to instructions delivered by the Master Issuer to the Trustee.

Legacy Accounts. In the case of any mandatory or optional redemption in full of any Class or Series of Notes issued pursuant to this Base Indenture, on the Notes Discharge Date with respect to such Class or Series of Notes, the Issuer Co-Issuers may (but are not required to) elect to have all or any portion of the funds held in any Legacy Account with respect to such Class, Subclass, Tranche or Series of Notes transferred to the applicable distribution account for such Class, Subclass, Tranche or Series of Notes, for application toward the prepayment of such Class or Series of Notes; provided that the foregoing shall not limit any provisions set forth in the applicable Series Supplement. If the Issuer does Co-Issuers do not elect to have such funds so transferred, or if the Issuer Co-Issuers elect to have only a portion of such funds so transferred, any funds remaining in the applicable Legacy Account after the applicable Notes Discharge Date shall be deposited into the Collection Account for application in accordance with the Priority of Payments. When the balance of any Legacy Account has been reduced to zero, the Trustee may close such account. The Trustee shall make the distributions and transfers and shall close any accounts as contemplated by this Section 5.8 pursuant to instructions delivered by the Issuer Co-Issuers to the Trustee.

Legacy Accounts. In the case of any mandatory or optional redemption in full of any Class Class, Subclass, Tranche or Series of Notes issued pursuant to this Base Indenture, on the Notes Discharge Date with respect to such Class Class, Subclass, Tranche or Series of Notes, the Issuer may (but are is not required to) elect to have all or any portion of the funds held in any Legacy Account with respect to such Class, Subclass, Tranche or Series of Notes transferred to the applicable distribution account for such Class, Subclass, Tranche or Series of Notes, for application toward the prepayment of such Class Class, Subclass, Tranche or Series of Notes; provided that the foregoing shall not limit any provisions set forth in the applicable Series Supplement. If the Issuer does not elect to have such funds so transferred, or if the Issuer elect elects to have only a portion of such funds so transferred, any funds remaining in the applicable Legacy Account after the applicable Notes Discharge Date shall be deposited into the Collection Account for application in accordance with the Priority of Payments. When the balance of any Legacy Account has been reduced to zero, the Trustee may close such account. The Trustee shall make the distributions and transfers and shall close any accounts as contemplated by this Section 5.8 5.9 pursuant to instructions delivered by the Issuer to the Trustee.

Legacy Accounts. In the case of any mandatory or optional redemption in full of any Class or Series of Notes issued pursuant to this Base Indenture, on the Notes Discharge Date with respect to such Class or Series of Notes, the Issuer Issuereither or both Co-Issuers may (but are isare not required to) elect to have all or any portion of the funds held in any Legacy Account with respect to such Class, Subclass, Tranche Class or Series of Notes transferred to the applicable distribution account for such Class, Subclass, Tranche Class or Series of Notes, for application toward the prepayment of such Class or Series of Notes; provided that the foregoing shall not limit any provisions set forth in the applicable Series Supplement. If the Issuer does doesCo-Issuers do not elect to have such funds so transferred, or if the Issuer elects toCo-Issuers elect to have only a portion of such funds so transferred, any funds remaining in the applicable Legacy Account after the applicable Notes Discharge Date shall be deposited into the applicable Collection Account for application in accordance with the Priority of Payments. When the balance of any Legacy Account has been reduced to zero, the Trustee may close such account. The Trustee shall make the distributions and transfers and shall close any accounts as contemplated by this Section 5.8 5.9 pursuant to instructions delivered by the Issuer IssuerCo-Issuers to the Trustee.

Legacy Accounts. In the case of any mandatory or optional redemption in full of any Class Series, Class, Subclass or Series Tranche of Notes issued pursuant to this Base Indenture, on the Notes Discharge Date with respect to such Class Series, Class, Subclass or Series Tranche of Notes, the Master Issuer may (but are is not required to) elect to have all or any portion of the funds held in any Legacy Account with respect to such Series, Class, Subclass, Subclass or Tranche or Series of Notes transferred to the applicable distribution account for such Series, Class, Subclass, Subclass or Tranche or Series of Notes, for application toward the prepayment of such Class Series, Class, Subclass or Series Tranche of Notes; provided that the foregoing shall not limit any provisions set forth in the applicable Series Supplement. If the Master Issuer does not elect to have such funds so transferred, or if the Master Issuer elect elects to have only a portion of such funds so transferred, any funds remaining in the applicable Legacy Account after the applicable Notes Discharge Date shall be deposited into the Collection Account for application in accordance with the Priority of Payments. When the balance of any Legacy Account has been reduced to zero, the Trustee may close such account. The Trustee shall make the distributions and transfers and shall close any accounts as contemplated by this Section 5.8 5.10 pursuant to instructions delivered by the Master Issuer to the Trustee.. Section 5.11