Common use of Note Depository Clause in Contracts

Note Depository. The depository from time to time selected by the Indenture Trustee on behalf of the Issuing Entity in whose name the Notes are registered prior to the issue of Definitive Notes. The first Note Depository shall be Cede & Co., the nominee of the initial Clearing Agency.

Appears in 39 contracts

Samples: Receivables Purchase Agreement (Carvana Auto Receivables Trust 2021-N4), Receivables Purchase Agreement (Carvana Auto Receivables Trust 2021-N3), Receivables Purchase Agreement (Carvana Auto Receivables Trust 2021-N3)

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Note Depository. The depository from time to time selected by the AART Indenture Trustee on behalf of the Issuing Entity Trust in whose name the Notes are registered prior to the issue of Definitive Notes. The first Note Depository shall be Cede & Co., the nominee of the initial Clearing Agency.

Appears in 1 contract

Samples: Administration Agreement (Ally Auto Assets LLC)

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