Series Account. The Issuer shall establish on the 2006-1 Closing Date and maintain, so long as any Series 2006-1 Note is Outstanding, an Eligible Account in the name of the Issuer with the Indenture Trustee which shall be designated as the Series 2006-1 Series Account, which account shall be pledged to the Indenture Trustee for the benefit of the Series 2006-1 Noteholders and the Series Enhancer pursuant to the Indenture and this Supplement. All deposits of funds by or for the benefit of the Series 2006-1 Noteholders from the Trust Account, the Restricted Cash Account and the Temporary Loss Account, shall be accumulated in, and withdrawn from, the Series 2006-1 Series Account in accordance with the provisions of the Indenture and this Supplement.
Series Account. The Issuer shall establish on the Closing Date and maintain, so long as any Series 2009-1 Note is Outstanding, an Eligible Account in the name of the Issuer with the Indenture Trustee which shall be designated as the Series 2009-1 Series Account, which account shall be pledged to the Indenture Trustee pursuant to the Indenture for the benefit of the Series 2009-1 Noteholders and any Hedge Counterparty. The Series 2009-1 Series Account shall only be relocated to another financial institution in accordance with the express provisions of Section 303(d) of the Indenture. All deposits of funds by, or for the benefit of, the Series 2009-1 Noteholders from the Trust Account and the Restricted Cash Account, shall be accumulated in, and withdrawn from, the Series 2009-1 Series Account in accordance with the provisions of the Indenture and this Supplement.
Series Account. On each Payment Date and on each other date on which any payment is to be made with respect to the Series 2006-1 Notes in accordance with Sections 203, 204 or 205 hereof, the Indenture Trustee shall distribute funds then on deposit in the Series 2006-1 Series Account in accordance with the provisions of either subsection (I), (II) or (III) of this Section 303.
Series Account. On each Payment Date (to the extent sufficient cleared and immediately available funds are available in the 2021-1 Series Account), the Indenture Trustee, as specified in the related Payment Date Schedule with respect to the Flow of Funds, shall distribute funds then on deposit in the 2021-1 Series Account to the Series 2021-1 Holders in accordance with Section 3.11 of the Master Indenture.
Series Account. The Issuer shall establish on or prior to the Closing Date and maintain in the name of the Indenture Trustee, so long as any Series 2006-2 Note is Outstanding, an Eligible Account which shall be designated as the Series 2006-2 Series Account. In furtherance of the Grant set forth in the Indenture, the Issuer hereby Grants to the Indenture Trustee for the benefit of the Series 2006-2 Noteholders and the Series Enhancer, among other things, a Lien on the Series 2006-2 Series Account. All deposits of funds by or for the benefit of the Series 2006-2 Noteholders from the Trust Account, shall be accumulated in, and withdrawn from, the Series 2006-2 Series Account in accordance with the provisions of the Indenture and this Supplement.
Series Account. The Indenture Trustee shall establish on the Closing Date pursuant to Sections 3.01 and 3.07 of the Master Indenture and shall maintain, so long as any Series 2022-1 Note is Outstanding, an Indenture Account which shall be designated as the “2022-1 Series Account,” which account shall be held in the name of the Indenture Trustee for the benefit of the Series 2022-1 Noteholders, and which account constitutes a Series Account for the Series 2022-1 Notes for all purposes under the Master Indenture. All deposits of funds for the benefit of the Series 2022-1 Noteholders from the Collections Account and the Liquidity Reserve Account shall be accumulated in, and withdrawn from, the 2022-1 Series Account in accordance with the provisions of the Series 2000-0
Series Account. The Issuer has established and will maintain, so long as any Series 2012-1 Note is Outstanding, an Eligible Account with the Indenture Trustee which shall be designated as the Series 2012-1 Series Account, which account shall be held by the Indenture Trustee for the benefit of the Series 2012-1 Noteholders. All deposits of funds by or for the benefit of the Series 2012-1 Noteholders from the Trust Account and the Restricted Cash Account shall be accumulated in, and withdrawn from, the Series 2012-1 Series Account in accordance with the provisions of the Indenture and this Supplement. To secure the payment of the Outstanding Obligations under the Series 2012-1 Notes, the Issuer hereby confirms its grant to the Indenture Trustee, for the benefit of the Series 2012-1 Noteholders, of a security interest in the Series 2012-1 Series Account, all cash and Eligible Investments on deposit therein, all securities entitlement credited thereto, and income and proceeds of the foregoing.
Series Account. The Issuer shall establish on the Effective Date and maintain, so long as any Series 1997-1 Note is Outstanding, an Eligible Account with the Indenture Trustee which shall be designated as the Series 1997-1 Series Account, which account is hereby pledged to the Indenture Trustee for the benefit of the Series 1997-1 Noteholders pursuant to the Indenture and this Supplement. All deposits of funds by or for the benefit of the Series 1997-1 Noteholders from the Trust Account and the Series 1997-1 Restricted Cash Account shall be accumulated in, and withdrawn from, the Series 1997-1 Series Account in accordance with the provisions of the Indenture and this Supplement.
Series Account. The Trust Account, the Restricted Cash Account, the Temporary Loss Account and the Series 2005-1 Series Account are not in the name of any Person other than the Issuer. The Issuer has not consented for U.S. Bank National Association (as the securities intermediary of the Trust Account, the Restricted Cash Account, the Temporary Loss Account and the Series 2005-1 Series Account) to comply with Entitlement Orders of any Person other than the Indenture Trustee.
Series Account. The Issuer has established and maintains at the Corporate Trust Office at the Indenture Trustee, in the name of the Issuer, the Series 2020-1 Series Account, which Series 2020-1 Series Account has been pledged to the Indenture Trustee for the benefit of the Series 2020-1 Noteholders pursuant to the Indenture and this Supplement. All deposits of funds by, or for the benefit of, the Series 2020-1 Noteholders from the Trust Account and the Excess Funding Account, shall be accumulated in, and withdrawn from, the Series 2020-1 Series Account in accordance with the provisions of the Indenture and this Supplement. Any funds on deposit in the Series 2020-1 Series Account shall be invested in accordance with the provisions of Section 303 of the Indenture.
