Common use of Optional Deposits by the Insurer Clause in Contracts

Optional Deposits by the Insurer. The Insurer shall at any time, and from time to time, with respect to a Distribution Date, have the option (but shall not be required, except in accordance with the terms of the Note Policy) to deliver amounts to the Trust Collateral Agent for deposit into the Collection Account for any of the following purposes: (i) to provide funds in respect of the payment of fees or expenses of any provider of services to the Trust with respect to such Distribution Date, or (ii) to include such amount to the extent that without such amount a draw would be required to be made on the Note Policy.

Appears in 13 contracts

Samples: Sale and Servicing Agreement (AFS SenSub Corp.), Sale and Servicing Agreement (Americredit Automobile Receivables Trust 2003-a-M), Sale and Servicing Agreement (AmeriCredit Automobile Receivables Trust 2004-C-A)

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Optional Deposits by the Insurer. The Insurer shall will at any time, and from time to time, with respect to a Distribution Date, have the option (but shall will not be required, except in accordance with the terms of the Note Policy) to deliver amounts an Insurer Optional Deposit to the Trust Collateral Agent Indenture Trustee for deposit into the Collection Account for any of the following purposes: (i) to provide funds in respect of the payment of fees or expenses of any provider of services to the Trust with respect to such Distribution Date, or (ii) to include such amount to the extent that without such amount a draw would be required to be made on the Note PolicyAccount.

Appears in 8 contracts

Samples: Sale and Servicing Agreement (Triad Financial Special Purpose LLC), Sale and Servicing Agreement (Triad Financial Special Purpose LLC), Sale and Servicing Agreement (Triad Financial Special Purpose LLC)

Optional Deposits by the Insurer. The Insurer shall at any -------------------------------- time, and from time to time, with respect to a an Insured Distribution Date, have the option (but shall not be required, except in accordance with the terms of the Note Policy) to deliver amounts to the Trust Collateral Agent for deposit into the Collection Account for any of the following purposes: (i) to provide funds in respect of the payment of fees or expenses of any provider of services to the Trust with respect to such Insured Distribution Date, or (ii) to include such amount to the extent that without such amount a draw would be required to be made on the Note Policy.

Appears in 6 contracts

Samples: Sale and Servicing Agreement (Americredit Financial Services Inc), Sale and Servicing Agreement (Americredit Financial Services Inc), Sale and Servicing Agreement (Americredit Financial Services Inc)

Optional Deposits by the Insurer. The Insurer shall at -------------------------------- any time, and from time to time, with respect to a an Insured Distribution Date, have the option (but shall not be required, except in accordance with the terms of the Note Policy) to deliver amounts to the Trust Collateral Agent for deposit into the Collection Account for any of the following purposes: (i) to provide funds in respect of the payment of fees or expenses of any provider of services to the Trust with respect to such Insured Distribution Date, or (ii) to include such amount to the extent that without such amount a draw would be required to be made on the Note Policy.

Appears in 4 contracts

Samples: Sale and Servicing Agreement (Americredit Financial Services Inc), Sale and Servicing Agreement (Americredit Financial Services Inc), Sale and Servicing Agreement (Americredit Financial Services Inc)

Optional Deposits by the Insurer. The Insurer shall at any time, and from time to time, with respect to a Distribution Payment Date, have the option (but shall not be required, except in accordance with the terms of the Note Policy) to deliver amounts to the Trust Collateral Agent Indenture Trustee for deposit into the Collection Account for any of the following purposes: (i) to provide funds in respect of the payment of fees or expenses of any provider of services to the Trust with respect to such Distribution Payment Date, or (ii) to include such amount to the extent that without such amount a draw would be required to be made on the Note Policy.

Appears in 3 contracts

Samples: Sale and Servicing Agreement (Asset Backed Securities Corp), Sale and Servicing Agreement (Asset Backed Securities Corp), Sale and Servicing Agreement (Triad Financial Corp)

Optional Deposits by the Insurer. The Insurer shall at any time, and from time to time, with respect to a Distribution Date, have the option (but shall not be required, except in accordance with the terms of the Note a Policy) to deliver amounts to the Trust Collateral Agent for deposit into the Collection Account for any of the following purposes: (i) to provide funds in respect of the payment of fees or expenses of any provider of services to the Trust with respect to such Distribution Date, or (ii) to include such amount to the extent that without such amount a draw would be required to be made on the Note Policy.

Appears in 3 contracts

Samples: Sale and Servicing Agreement (Advanta Automobile Receivables Trust 1997-1), Sale and Servicing Agreement (National Financial Auto Funding Trust), Sale and Servicing Agreement (National Auto Finance Co Inc)

Optional Deposits by the Insurer. The Insurer shall at any time, and from time to time, with respect to a Distribution Date, have the option (but shall not be required, except in accordance with the terms of the Note a Policy) to deliver amounts to the Trust Collateral Agent for deposit into the Collection Distribution Account for any of the following purposes: (i) to provide funds in respect of the payment of fees or expenses of any provider of services to the Trust with respect to such Distribution Date, or (ii) to include such amount to the extent that without such amount a draw would be required to be made on the Note Policy.

Appears in 2 contracts

Samples: Sale and Servicing Agreement (National Auto Finance Co Inc), Sale and Servicing Agreement (National Financial Auto Funding Trust)

Optional Deposits by the Insurer. The Insurer shall at any time, and from time to time, with respect to a Distribution Date, have the option (but shall not be required, except in accordance with the terms of the Note a Policy) to deliver amounts to the Trust Collateral Agent for deposit into the Collection Account for any of the following purposes: (i) to provide funds in respect of the payment of fees or expenses of any provider of services to the Trust with respect to such Distribution Date, or (ii) to include such amount to the extent that without such amount a draw would be required to be made on the Note Policy or the Certificate Policy.

Appears in 2 contracts

Samples: Sale and Servicing Agreement (Americredit Financial Services Inc), Sale and Servicing Agreement (Americredit Financial Services Inc)

Optional Deposits by the Insurer. The Insurer shall will at any time, and from time to time, with respect to a Distribution Date, have the option (but shall will not be required, except in accordance with the terms of the Note Policy) to deliver amounts to the Trust Collateral Agent Indenture Trustee for deposit into the Collection Account for any of the following purposes: (i) to provide funds in respect of the payment of fees or expenses of any provider of services to the Trust with respect to such Distribution Date, or (ii) to include such amount to the extent that without such amount a draw would be required to be made on the Note Policy.

Appears in 2 contracts

Samples: Sale and Servicing Agreement (Triad Automobile Receivables Trust 2002 A), Sale and Servicing Agreement (Triad Automobile Receivables Trust 2003-B)

Optional Deposits by the Insurer. The Insurer shall at any time, and from time to time, with respect to a Distribution Date, have the option (but shall not be required, except in accordance with the terms of the Note Policy) to deliver amounts to the Trust Collateral Agent for deposit into the Collection Account for any of the following purposes: (i) to provide funds in respect of the payment of fees or expenses of any provider of services to the Trust with respect to such Distribution Date, or (ii) to include such amount to the extent that without such amount a draw would be required to be made on the Note Policy.. Back to Contents

Appears in 1 contract

Samples: Sale and Servicing Agreement (Americredit Automobile Receivable Trust 2005-D-A)

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Optional Deposits by the Insurer. The Insurer shall at any -------------------------------- time, and from time to time, with respect to a Distribution Payment Date, have the option (but shall not be required, except in accordance with the terms of the Note Policy) to deliver amounts from its own funds to the Trust Collateral Agent Indenture Trustee for deposit into the Collection Account for any of the following purposes: (i) to provide funds in respect of the payment of fees or expenses of any provider of services to the Trust Issuer with respect to such Distribution Payment Date, or (ii) to include such amount to the extent that without such amount a draw would be required to be made on the Note Policy.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Prudential Securities Secured Financing Corp)

Optional Deposits by the Insurer. The Insurer shall at any time, and from time to time, with respect to a an Insured Distribution Date, have the option (but shall not be required, except in accordance with the terms of the Note Policy) to deliver amounts to the Trust Collateral Agent for deposit into the Collection Account for any of the following purposes: (i) to provide funds in respect of the payment of fees or expenses of any provider of services to the Trust with respect to such Insured Distribution Date, or (ii) to include such amount to the extent that without such amount a draw would be required to be made on the Note Policy.. [Reserved]

Appears in 1 contract

Samples: Sale and Servicing Agreement (Americredit Automobile Receivables Trust 2003-C-F)

Optional Deposits by the Insurer. The Insurer shall at -------------------------------- any time, and from time to time, with respect to a Distribution Payment Date, have the option (but shall not be required, except in accordance with the terms of the Note Policy) to deliver amounts from its own funds to the Trust Collateral Agent Indenture Trustee for deposit into the Collection Account for any of the following purposes: (i) to provide funds in respect of the payment of fees or expenses of any provider of services to the Trust Issuer with respect to such Distribution Payment Date, or (ii) to include such amount to the extent that without such amount a draw would be required to be made on the Note Policy.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Prudential Securities Secured Financing Corp)

Optional Deposits by the Insurer. The Insurer shall at any time, and from time to time, with respect to a Distribution Date, have the option (but shall not be required, except in accordance with the terms of the Note a Policy) to deliver amounts to the Trust Collateral Agent for deposit into the Collection Distribution Account for any of the following purposes: (i) to provide funds in respect of the payment of fees or expenses of any provider of services to the Trust with respect to such Distribution Date, or (ii) to include such amount to the extent that without such amount a draw would be required to be made on the Class A Note Policy.

Appears in 1 contract

Samples: Sale and Servicing Agreement (National Auto Finance Co Inc)

Optional Deposits by the Insurer. The Insurer shall at any time, and from time to time, with respect to a Distribution Date, have the option (but shall not be required, except in accordance with the terms of the Note a Policy) to deliver amounts to the Trust Indenture Collateral Agent for deposit into the Collection Account for any of the following purposes: (i) to provide funds in respect of the payment of fees or expenses of any provider of services to the Trust with respect to such Distribution Date, or (ii) to include such amount to the extent that without such amount a draw would be required to be made on the Note Policy or the Certificate Policy.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Nationsfinancial Funding Corp)

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