Common use of Pledge of Security Interest Clause in Contracts

Pledge of Security Interest. The Spread Account Depositor hereby assigns, sells, conveys and transfers to the Spread Account Custodian and its successors and assigns, and grants thereto a security interest in, all of its right, title and interest in and to all amounts payable to the Spread Account pursuant to Section 6.02 of the Pooling and Servicing Agreement, the Account, all amounts deposited therein or credited thereto, from time to time, and all proceeds of the foregoing, including, without limitation, all other amounts and investments held from time to time in the Account (whether in the form of deposit accounts, Physical Property, book-entry securities, Uncertificated Securities, or otherwise) in consideration of its right to receive Excess Spread in accordance with Section 6.02 of the Pooling and Servicing Agreement (all of the foregoing, collectively, the "Account Property"), to have and to hold all the aforesaid property, rights and privileges unto the Spread Account Custodian, its successors and assigns, in trust for the benefit of the Trustee and the Certificateholders, subject to the terms and provisions, set forth in this Agreement. The Spread Account Custodian hereby acknowledges such transfer and, upon receipt, shall hold and distribute the Account Property in accordance with the terms and provisions of this Agreement.

Pledge of Security Interest. The Spread Account Depositor --------------------------- hereby assigns, sells, conveys and transfers to the Spread Account Custodian and its successors and assigns, and grants thereto a security interest in, all of its right, title and interest in and to all amounts payable to the Spread Account pursuant to Section 6.02 of the Pooling and Servicing Agreement, the Account, all amounts deposited therein or credited thereto, from time to time, and all proceeds of the foregoing, including, without limitation, all other amounts and investments held from time to time in the Account (whether in the form of deposit accounts, Physical Property, book-entry securities, Uncertificated Securities, or otherwise) in consideration of its right to receive Excess Spread in accordance with Section 6.02 of the Pooling and Servicing Agreement (all of the foregoing, collectively, the "Account Property"), to have and to hold all the aforesaid property, rights and privileges unto the Spread Account Custodian, its successors and assigns, in trust for the benefit of the Trustee and the Certificateholders, subject to the terms and provisions, set forth in this Agreement. The Spread Account Custodian hereby acknowledges such transfer and, upon receipt, shall hold and distribute the Account Property in accordance with the terms and provisions of this Agreement.

Pledge of Security Interest. The Spread Account Depositor hereby assigns, sells, conveys and transfers to the Spread Account Custodian Indenture Trustee and its successors and assigns, and grants thereto a security interest in, all of its right, title and interest in and to all amounts payable to the Spread Account pursuant to Section 6.02 of the Pooling Sale and Servicing Agreement, the Spread Account, all amounts deposited therein or credited thereto, from time to time, and all proceeds of the foregoing, including, without limitation, all other amounts and investments held from time to time in the Spread Account (whether in to secure all its obligations hereunder and all its obligations under the form of deposit accounts, Physical Property, book-entry securities, Uncertificated Securities, or otherwise) Basic Documents related to the Spread Account in consideration of its right to receive Excess Spread in accordance with Section 6.02 7.05(b) of the Pooling Sale and Servicing Agreement (all of the foregoing, collectively, the "Account Property"), to have and to hold all the aforesaid property, rights and privileges unto the Spread Account CustodianIndenture Trustee, its successors and assigns, in trust for the benefit of the Trustee Noteholders and the CertificateholdersNote Insurer, subject to the terms and provisions, set forth in this Agreement. The Spread Account Custodian Indenture Trustee hereby acknowledges such transfer pledge and, upon receipt, shall hold and distribute the Account Property in accordance with the terms and provisions of this Agreement and the Sale and Servicing Agreement.