Principal Payment Account. The Servicer will, before the Closing Date, establish and maintain a segregated subaccount within the Collection Account or a separate trust account that is designated as the "Principal Payment Account". The Principal Payment Account will initially be subaccount or account number [__________]. The Principal Payment Account is established and maintained solely for administrative purposes.
Appears in 1 contract
Samples: Sale and Servicing Agreement (Ford Credit Auto Receivables Two LLC)
Principal Payment Account. The Servicer will, before the Closing Date, establish and maintain a segregated subaccount within the Collection Account or a separate trust account that is designated as the "Principal Payment Account". The Principal Payment Account will initially be subaccount or account number [__________]. The Principal Payment Account is established and maintained solely for administrative purposes.
Appears in 1 contract
Samples: Sale and Servicing Agreement (Ford Credit Auto Receivables Two LLC)
Principal Payment Account. The Servicer will, before the Closing Date, establish and maintain a segregated subaccount within the Collection Account or a separate trust account that is designated as the "Principal Payment Account". The Principal Payment Account will initially be subaccount or account number [__________]879443. The Principal Payment Account is established and maintained solely for administrative purposes.
Appears in 1 contract
Samples: Sale and Servicing Agreement (Ford Credit Auto Owner Trust 2006-C)
Principal Payment Account. The Servicer will, before the Closing Date, establish and maintain a segregated subaccount within the Collection Account or a separate trust account that is designated as the "Principal Payment Account". The Principal Payment Account will initially be subaccount or account number [__________]879496. The Principal Payment Account is established and maintained solely for administrative purposes.
Appears in 1 contract
Samples: Sale and Servicing Agreement (Ford Credit Auto Owner Trust 2007-B)
Principal Payment Account. The Servicer will, before the Closing Date, establish and maintain a segregated subaccount within the Collection Account or a separate trust account that is designated as the "Principal Payment Account". The Principal Payment Account will initially be subaccount or account number [__________]879433. The Principal Payment Account is established and maintained solely for administrative purposes.
Appears in 1 contract
Samples: Sale and Servicing Agreement (Ford Credit Auto Owner Trust 2006-B)
Principal Payment Account. The Servicer will, before the Closing Date, establish and maintain a segregated subaccount within the Collection Account or a separate trust account that is designated as the "Principal Payment Account". The Principal Payment Account will initially be subaccount or account number [__________]879481. The Principal Payment Account is established and maintained solely for administrative purposes.
Appears in 1 contract
Samples: Sale and Servicing Agreement (Ford Credit Auto Owner Trust 2007-A)
Principal Payment Account. The Servicer will, before the Closing Date, establish and maintain a segregated subaccount within the Collection Account or a separate trust account that is designated as the "Principal Payment Account". The Principal Payment Account will initially be subaccount or account number [__________]879414. The Principal Payment Account is established and maintained solely for administrative purposes.
Appears in 1 contract
Samples: Sale and Servicing Agreement (Ford Credit Auto Owner Trust 2006-A)