Common use of Note Account Clause in Contracts

Note Account. (a) The Issuer hereby directs the Indenture Trustee to establish one or more accounts that shall collectively be the "Note Account" on or before the Closing Date. The Indenture Trustee shall promptly deposit in the Note Account (i) all Remittable Funds received by it from the Servicer pursuant to the Servicing Agreement, (ii) any other funds from any deposits to be made by the Servicer pursuant to the Servicing Agreement, (iii) any amount required to be deposited in the Note Account pursuant to Section 8.01, (iv) all amounts received pursuant to Section 8.03, and (v) all other amounts received for deposit in the Note Account, including the payment of any Purchase Price received by the Indenture Trustee. All amounts that are deposited from time to time in the Note Account are subject to withdrawal by the Indenture Trustee for the purposes set forth in subsections (c) and (d) of this Section 8.02. All funds withdrawn from the Note Account pursuant to subsection (c) of this Section 8.02 for the purpose of making payments to the Holders of Notes shall be applied in accordance with Section 3.03.

Note Account. (a) The Issuer hereby directs the Indenture Trustee to establish one or more accounts that shall collectively be the "Note Account" on or before the Closing Date. The Indenture Trustee shall promptly deposit in the Note Account (i) all Remittable Funds received by it from the Servicer pursuant to the Servicing Agreement, (ii) any other funds from any deposits to be made by the Servicer pursuant to the Servicing Agreement, (iii) any amount required to be deposited in the Note Account pursuant to Section 8.01, (iv) all amounts received pursuant to Section 8.03, and (v) all other amounts received for deposit in the Note Account, including the payment of any Purchase Price received by the Indenture Trustee. All amounts that are deposited from time to time in the Note Account are subject to withdrawal by the Indenture Trustee for the purposes set forth in subsections (c) and (d) of this Section 8.02. All funds withdrawn from the Note Account pursuant to subsection (c) of this Section 8.02 for the purpose of making payments to the Holders of Notes shall be applied in accordance with Section 3.03.Indenture

Note Account. (a) The Issuer hereby directs the Indenture Trustee to establish establish, at the Corporate Trust Office one or more accounts that shall collectively be the "Note Account" on or before the Closing Date. The Indenture Trustee shall promptly deposit in the Note Account (i) all Remittable Funds received by it from the Servicer pursuant to the Servicing Agreement, (ii) any other funds from any deposits to be made by the Servicer pursuant to the Servicing Agreement, (iii) any amount required to be deposited in the Note Account pursuant to Section 8.01, (iv) all amounts received pursuant to Section 8.03, (v) any amount required to be deposited pursuant to Section 8.16 and (vvi) all other amounts received for deposit in the Note Account, including the payment of any Purchase Price received by the Indenture Trustee. All amounts that are deposited from time to time in the Note Account are subject to withdrawal by the Indenture Trustee for the purposes set forth in subsections (c) and (d) of this Section 8.02. All funds withdrawn from the Note Account pursuant to subsection (c) of this Section 8.02 for the purpose of making payments to the Holders of Notes shall be applied in accordance with Section 3.03.