Common use of Negative Carry Account Clause in Contracts

Negative Carry Account. (a) On the Closing Date, the Seller shall deposit in to the Negative Carry Account the Negative Carry Account Initial Deposit from the net proceeds of the sale of the Notes. On or before the Transfer Date preceding each Distribution Date occurring on or prior to the first Distribution Date that occurs on or after the end of the Funding Period, the Indenture Trustee shall, upon receipt of instructions from the Servicer, withdraw from the Negative Carry Account and deposit into the Collection Account an amount equal to the Negative Carry Amount for such Distribution Date. (b) On each Distribution Date during the Funding Period, the Indenture Trustee shall, upon receipt of instructions from the Servicer, withdraw from the Negative Carry Account an amount equal to the excess, if any, of the amount on deposit in the Negative Carry Account over the Required Negative Carry Account Balance and deposit it (i) in the Certificate Distribution Account for distribution to the Certificateholders or (ii) upon the order of the Certificateholders in an account designated in writing by the Certificateholders to the Servicer, and on the Distribution Date on or immediately following the last day of the Funding Period, the Indenture Trustee shall, upon receipt of instructions from the Servicer, withdraw from the Negative Carry Account the amount remaining on deposit in the Negative Carry Account and deposit it in the Certificate Distribution Account for distribution to the Certificateholders or upon the order of the Certificateholders in an account designated in writing by the Certificateholders to the Servicer.

Negative Carry Account. (a) On the Closing Date, the Seller shall deposit in to the Negative Carry Account $ (the "Negative Carry Account Initial Deposit Deposit") from ------------ the net proceeds of the sale of the Notes. On or before the Transfer Date preceding each Distribution Date occurring on or prior to the first Distribution Date that occurs on or after the end of the Funding Period, the Indenture Trustee shall, upon receipt of instructions from the Servicer, withdraw from the Negative Carry Account and deposit into the Collection Account an amount equal to the Negative Carry Amount for such Distribution Date. (b) On each Distribution Date during the Funding Period, the Indenture Trustee shall, upon receipt of instructions from the Servicer, withdraw from the Negative Carry Account an amount equal to the excess, if any, of the amount on deposit in the Negative Carry Account over the Required Negative Carry Account Balance and deposit it (i) in the Certificate Distribution Account for distribution to the Certificateholders or (ii) upon the order of the Certificateholders in an account designated in writing by the Certificateholders to the Servicer, and on the Distribution Date on or immediately following the last day of the Funding Period, the Indenture Trustee shall, upon receipt of instructions from the Servicer, withdraw from the Negative Carry Account the amount remaining on deposit in the Negative Carry Account and deposit it in the Certificate Distribution Account for distribution to the Certificateholders or upon the order of the Certificateholders in an account designated in writing by the Certificateholders to the Servicer.

Negative Carry Account. (a) On the Closing Date, the Seller ---------------------- shall deposit in to the Negative Carry Account $1,964,348.69 (the "Negative Carry Account Initial Deposit Deposit") from the net proceeds of the sale of the Notes. On or before the Transfer Date preceding each Distribution Date occurring on or prior to the first Distribution Date that occurs on or after the end of the Funding Period, the Servicer will instruct the Indenture Trustee shall, upon receipt of instructions from the Servicer, to withdraw from the Negative Carry Account and deposit into the Collection Account an amount equal to the Negative Carry Amount for such Distribution Date. (b) On each Distribution Date during the Funding Period, the Servicer will instruct the Indenture Trustee shall, upon receipt of instructions from the Servicer, to withdraw from the Negative Carry Account an amount equal to the excess, if any, of the amount on deposit in the Negative Carry Account over the Required Negative Carry Account Balance and deposit it (i) in the Certificate Distribution Account for distribution to the Certificateholders or (ii) upon the order of the Certificateholders in an account designated in writing by the Certificateholders to the Servicer, and on the Distribution Date on or immediately following the last day of the Funding Period, the Servicer will instruct the Indenture Trustee shall, upon receipt of instructions from the Servicer, to withdraw from the Negative Carry Account the amount remaining on deposit in the Negative Carry Account and deposit it in the Certificate Distribution Account for distribution to the Certificateholders or upon the order of the Certificateholders in an account designated in writing by the Certificateholders to the Servicer.

Negative Carry Account. (a) On the Closing Date, the ---------------------- Seller shall deposit in to the Negative Carry Account $1,523,000.41 (the "Negative Carry Account Initial Deposit Deposit") from the net proceeds of the sale of the Notes. On or before the Transfer Date preceding each Distribution Date occurring on or prior to the first Distribution Date that occurs on or after the end of the Funding Period, the Servicer will instruct the Indenture Trustee shall, upon receipt of instructions from the Servicer, to withdraw from the Negative Carry Account and deposit into the Collection Account an amount equal to the Negative Carry Amount for such Distribution Date. (b) On each Distribution Date during the Funding Period, the Servicer will instruct the Indenture Trustee shall, upon receipt of instructions from the Servicer, to withdraw from the Negative Carry Account an amount equal to the excess, if any, of the amount on deposit in the Negative Carry Account over the Required Negative Carry Account Balance and deposit it (i) in the Certificate Distribution Account for distribution to the Certificateholders or (ii) upon the order of the Certificateholders in an account designated in writing by the Certificateholders to the Servicer, and on the Distribution Date on or immediately following the last day of the Funding Period, the Servicer will instruct the Indenture Trustee shall, upon receipt of instructions from the Servicer, to withdraw from the Negative Carry Account the amount remaining on deposit in the Negative Carry Account and deposit it in the Certificate Distribution Account for distribution to the Certificateholders or upon the order of the Certificateholders in an account designated in writing by the Certificateholders to the Servicer.

Negative Carry Account. (a) On the Closing Date, the Seller ---------------------- shall deposit in to the Negative Carry Account $1,556,302.42 (the "Negative Carry Account Initial Deposit Deposit") from the net proceeds of the sale of the Notes. On or before the Transfer Date preceding each Distribution Date occurring on or prior to the first Distribution Date that occurs on or after the end of the Funding Period, the Servicer will instruct the Indenture Trustee shall, upon receipt of instructions from the Servicer, to withdraw from the Negative Carry Account and deposit into the Collection Account an amount equal to the Negative Carry Amount for such Distribution Date. (b) On each Distribution Date during the Funding Period, the Servicer will instruct the Indenture Trustee shall, upon receipt of instructions from the Servicer, to withdraw from the Negative Carry Account an amount equal to the excess, if any, of the amount on deposit in the Negative Carry Account over the Required Negative Carry Account Balance and deposit it (i) in the Certificate Distribution Account for distribution to the Certificateholders or (ii) upon the order of the Certificateholders in an account designated in writing by the Certificateholders to the Servicer, and on the Distribution Date on or immediately following the last day of the Funding Period, the Servicer will instruct the Indenture Trustee shall, upon receipt of instructions from the Servicer, to withdraw from the Negative Carry Account the amount remaining on deposit in the Negative Carry Account and deposit it in the Certificate Distribution Account for distribution to the Certificateholders or upon the order of the Certificateholders in an account designated in writing by the Certificateholders to the Servicer.

Negative Carry Account. (a) On the Closing Date, the Seller ---------------------- shall deposit in to the Negative Carry Account $1,113,346.88 (the "Negative Carry Account Initial Deposit Deposit") from the net proceeds of the sale of the Notes. On or before the Transfer Date preceding each Distribution Date occurring on or prior to the first Distribution Date that occurs on or after the end of the Funding Period, the Servicer will instruct the Indenture Trustee shall, upon receipt of instructions from the Servicer, to withdraw from the Negative Carry Account and deposit into the Collection Account an amount equal to the Negative Carry Amount for such Distribution Date. (b) On each Distribution Date during the Funding Period, the Servicer will instruct the Indenture Trustee shall, upon receipt of instructions from the Servicer, to withdraw from the Negative Carry Account an amount equal to the excess, if any, of the amount on deposit in the Negative Carry Account over the Required Negative Carry Account Balance and deposit it (i) in the Certificate Distribution Account for distribution to the Certificateholders to or (ii) upon the order of the Certificateholders Seller in an account designated in writing by the Certificateholders Seller to the Servicer, and on the Distribution Date on or immediately following the last day of the Funding Period, the Servicer will instruct the Indenture Trustee shall, upon receipt of instructions from the Servicer, to withdraw from the Negative Carry Account the amount remaining on deposit in the Negative Carry Account and deposit it in the Certificate Distribution Account for distribution to the Certificateholders or upon the order of the Certificateholders Seller in an account designated in writing by the Certificateholders Seller to the Servicer.