of the Sale and Servicing Agreement. The Yield Supplement Account shall be part of the Trust. It is the intent of the parties that the Yield Supplement Account Property be treated as property of the Trust for all federal, state and local income and franchise tax purposes. The provisions of this Yield Supplement Agreement should be interpreted accordingly. Further, the Trust shall include in its gross income all income earned on the Yield Supplement Account Property and the Yield Supplement Account.
Appears in 6 contracts
Samples: Supplement Agreement (Nissan Auto Receivables 2002-a Owner Trust), Supplement Agreement (Nissan Auto Receivables 2002 B Owner Trust), Supplement Agreement (Nissan Auto Receivables Ii 2001-C Owner Trust)
of the Sale and Servicing Agreement. The Yield Supplement Account shall be part of the Trust. It is the intent of , and the parties intend that the Yield Supplement Account Property be treated as property of the Trust for all federal, state and local income and franchise tax purposes. The provisions of this Yield Supplement Agreement should be interpreted accordingly. Further, the Trust shall include in its gross income all income earned on the Yield Supplement Account Property and the Yield Supplement Account.
Appears in 2 contracts
Samples: Sale and Servicing Agreement (Nissan Auto Receivables Corp /De), Nissan Auto Receivables Corp /De
