Series Account Sample Clauses

Series Account. The Issuer shall establish on the 2011-2 Closing Date and maintain, so long as any Series 2011-2 Note is Outstanding, an Eligible Account in the name of the Issuer with the Indenture Trustee which shall be designated as the Series 2011-2 Series Account, which account shall be pledged to the Indenture Trustee for the benefit of the Series 2011-2 Noteholders pursuant to the Indenture and this Supplement. All deposits of funds by or for the benefit of the Series 2011-2 Noteholders from the Trust Account and the Restricted Cash Account, shall be accumulated in, and withdrawn from, the Series 2011-2 Series Account in accordance with the provisions of the Indenture and this Supplement.

Series Account. On each Payment Date, the Indenture Trustee shall distribute funds then on deposit in the Series 2013-1 Series Account in accordance with the provisions of Section 303(I), (II) or (III).

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from the Trust Account, the Restricted Cash Account and the Temporary Loss Account, shall be accumulated in, and withdrawn from, the Series 2006-1 Series Account in accordance with the provisions of the Indenture and this Supplement.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. 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 Noteholders in accordance with Section 3.11 of the Master Indenture.

Series Account. The Securities Intermediary 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 2025-1 Note is Outstanding, an Indenture Account which shall be designated as the “2025-1 Series Account,” which account shall be held in the name of the Indenture Trustee for the benefit of the Series 2025-1 Noteholders, and which account constitutes a Series Account for the Series 2025-1 Notes for all purposes under the Master Indenture. All deposits of funds for the benefit of the Series 2025-1 Noteholders from the Collections Account and the Liquidity Reserve Account shall be accumulated in, and withdrawn from, the 2025-1 Series Account in accordance with the provisions of the Series 2025-1 Indenture. Notwithstanding anything to the contrary herein, amounts on deposit in the 2025-1 Series Account shall not be invested.

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.

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. ================================================================================

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. Section 302. DISTRIBUTIONS FROM SERIES 1997-1 SERIES ACCOUNT ON EACH PAYMENT DATE. On each Payment Date, the Indenture Trustee shall, in accordance with the Servicer Report, distribute funds then on deposit in the Series 1997-1 Series Account to the following Persons and in the following order of priority: