Maintenance of Accounts. If an institution maintaining one of the Bank Accounts ceases to be a Qualified Institution or Qualified Trust Institution, the Servicer, with respect to the Collection Account and the Principal Payment Account, or the Depositor, with respect to the Reserve Account, will, with the Indenture Trustee's or Owner Trustee's assistance as necessary, within 30 calendar days, move such Bank Account to a Qualified Institution or Qualified Trust Institution.
Appears in 7 contracts
Samples: Sale and Servicing Agreement (Ford Credit Auto Owner Trust 2006-C), Sale and Servicing Agreement (Ford Credit Auto Owner Trust 2006-B), Sale and Servicing Agreement (Ford Credit Auto Owner Trust 2006-A)
Maintenance of Accounts. If an institution maintaining one of the Bank Accounts ceases to be a Qualified Institution or Qualified Trust Institution, the Servicer, with respect to the Collection Account and the Principal Payment Account, or the Depositor, with respect to the Reserve Account, will, with the Indenture Trustee's ’s or Owner Trustee's ’s assistance as necessary, within 30 calendar days, move such Bank Account to a Qualified Institution or Qualified Trust Institution.
Appears in 5 contracts
Samples: Sale and Servicing Agreement (Ford Credit Auto Owner Trust 2012-A), Sale and Servicing Agreement (Ford Credit Auto Owner Trust 2012-A), Sale and Servicing Agreement (Ford Credit Auto Owner Trust 2011-B)
