Common use of Payments from Trust Assets Only Clause in Contracts

Payments from Trust Assets Only. (a) Except as otherwise provided in this Agreement and the other Trust Documents, all payments, if any, to be made by the Trustee other than amounts (i) owing by the Trustee arising from its willful misfeasance, bad faith or negligence or (ii) advanced by the Servicer, shall be made only from any then available Trust Assets and only to the extent the Trustee shall have received income or proceeds therefrom to make such payments in accordance with the terms hereof. (b) Except as otherwise provided in this Agreement and the other Trust Documents, all amounts payable to a Holder shall be paid or caused to be paid by the Trustee or the Servicer, as the case may be, to or for the account of such Holder in immediately available funds by wire transfer.

Appears in 2 contracts

Samples: Trust and Servicing Agreement (Nissan Auto Lease Trust 2003-A), Trust and Servicing Agreement (Nissan Auto Leasing LLC Ii)

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Payments from Trust Assets Only. (a) Except as otherwise provided in this Agreement and the other Trust Documents, all payments, if any, to be made by the Trustee other than amounts (i) owing by the Trustee arising from its willful misfeasance, bad faith or negligence or (ii) advanced by the Servicernegligence, shall be made only from any then then-available Trust Assets and only to the extent that the Trustee shall have received income or proceeds therefrom to make such payments in accordance with the terms hereofhereof or thereof. (b) Except as otherwise provided in this Agreement and the other Trust Documents, all amounts payable to a Holder the Beneficiary shall be paid or caused to be paid by the Trustee or the Servicer, as the case may be, to or for the account of such Holder the Beneficiary in immediately available funds by wire transfer.

Appears in 2 contracts

Samples: Trust Agreement (Nissan Auto Leasing LLC Ii), Trust Agreement (Nissan Auto Lease Trust 2004-A)

Payments from Trust Assets Only. (a) Except as otherwise provided in this Agreement and the other Trust Documents, all payments, if any, to be made by the Trustee other than amounts (i) owing by the Trustee arising from its willful misfeasance, bad faith or negligence or (ii) advanced by the ServicerAdministrative Agent, shall be made only from any then available Trust Assets Assets, and only to the extent the Trustee shall have received income or proceeds therefrom to make such payments in accordance with the terms hereof. (b) Except as otherwise provided in this Agreement and the other Trust Documents, all amounts payable to a Holder shall be paid or caused to be paid by the Trustee or the ServicerAdministrative Agent, as the case may be, to or for the account of such Holder in immediately available funds by wire transfer.

Appears in 2 contracts

Samples: Trust Agreement (Ryder Truck Rental I Lp), Trust Agreement (Ryder Funding Ii Lp)

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Payments from Trust Assets Only. (a) Except as otherwise provided in this Agreement and the other Trust Documents, all payments, if any, to be made by the Trustee other than amounts (i) owing by the Trustee arising from its willful misfeasance, bad faith or negligence or (ii) advanced by the Servicer, Servicer shall be made only from any then available Trust Assets and only to the extent that the Trustee shall have received income or proceeds therefrom to make such payments in accordance with the terms hereofhereof and thereof. (b) Except as otherwise provided in this Agreement and the other Trust Documents, all amounts payable to a Holder shall be paid or caused to be paid by the Trustee or the Servicer, as the case may be, to or for the account of such Holder in immediately available funds by wire transfer.

Appears in 1 contract

Samples: Trust and Servicing Agreement (Honda Titling D Lp)

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