Common use of Principal Payment Account Clause in Contracts

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)

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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 879433879496. 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 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 879433879481. 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 879433879443. 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)

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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 879433879414. 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)

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 Receivables Two LLC)

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