Common use of Proceeds Agent as Custodian and Bailee of Collateral Agent Clause in Contracts

Proceeds Agent as Custodian and Bailee of Collateral Agent. In order to facilitate the making of payments under the Contracts, such payments shall be deposited by the Master Servicer in the Collection Account or the Holding Account, and certain amounts in the Collection Account shall be deposited in the Spread Account, in accordance with the Sale and Servicing Agreement. The Proceeds Agent shall retain all proceeds deposited in the Collection Account, the Spread Account and Holding Account as custodian and bailee of the Collateral Agent for Financial Security. Financial Security hereby acknowledges that the Proceeds

Proceeds Agent as Custodian and Bailee of Collateral Agent. In order to facilitate the making of payments under the Contracts, such payments shall be deposited by the Master Servicer in the Collection Account or the Holding Account, and certain amounts in the Collection Account shall be deposited in the Spread Account, in accordance with the Sale and Servicing Agreement. The Proceeds Agent shall retain all proceeds deposited in the Collection Account, the Spread Account and Holding Account as custodian and bailee of the Collateral Agent for Financial Security. Financial Security hereby acknowledges that the ProceedsFinancial

Proceeds Agent as Custodian and Bailee of Collateral Agent. In order to facilitate the making of payments under the Contracts, such payments shall be deposited by the Master Servicer in the Collection Account or the Holding Account, and certain amounts in the Collection Account shall be deposited in the Spread Account, in accordance with the Sale and Servicing Agreement. The Proceeds Agent shall retain all proceeds deposited in the Collection Account, the Spread Account and Holding Account as custodian and bailee of the Collateral Agent for Financial Security. Financial Security hereby acknowledges that the Proceedsthe