Common use of Series Account Clause in Contracts

Series Account. The Issuer shall establish on the 2010-1 Closing Date and maintain, so long as any Series 2010-1 Note is Outstanding, an Eligible Account in the name of the Issuer with the Indenture Trustee which shall be designated as the Series 2010-1 Series Account, which account shall be pledged to the Indenture Trustee for the benefit of the Series 2010-1 Noteholders pursuant to the Indenture and this Supplement. All deposits of funds by or for the benefit of the Series 2010-1 Noteholders from the Trust Account and the Restricted Cash Account, shall be accumulated in, and withdrawn from, the Series 2010-1 Series Account in accordance with the provisions of the Indenture and this Supplement.

Appears in 1 contract

Samples: Indenture Supplement (TAL International Group, Inc.)

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Series Account. The Issuer shall establish on the 20102012-1 Closing Date and maintain, so long as any Series 20102012-1 Note is Outstanding, an Eligible Account in the name of the Issuer with the Indenture Trustee which shall be designated as the Series 20102012-1 Series Account, which account shall be pledged to the Indenture Trustee for the benefit of the Series 20102012-1 Noteholders pursuant to the Indenture and this Supplement. All deposits of funds by or for the benefit of the Series 20102012-1 Noteholders from the Trust Account and the Restricted Cash Account, shall be accumulated in, and withdrawn from, the Series 20102012-1 Series Account in accordance with the provisions of the Indenture and this Supplement.

Appears in 1 contract

Samples: Indenture Supplement (TAL International Group, Inc.)

Series Account. The Issuer shall establish on the 20102011-1 2 Closing Date and maintain, so long as any Series 20102011-1 2 Note is Outstanding, an Eligible Account in the name of the Issuer with the Indenture Trustee which shall be designated as the Series 20102011-1 2 Series Account, which account shall be pledged to the Indenture Trustee for the benefit of the Series 20102011-1 2 Noteholders pursuant to the Indenture and this Supplement. All deposits of funds by or for the benefit of the Series 20102011-1 2 Noteholders from the Trust Account and the Restricted Cash Account, shall be accumulated in, and withdrawn from, the Series 20102011-1 2 Series Account in accordance with the provisions of the Indenture and this Supplement.

Appears in 1 contract

Samples: Indenture Supplement (TAL International Group, Inc.)

Series Account. The Issuer shall establish on the 20102011-1 Closing Date and maintain, so long as any Series 20102011-1 Note is Outstanding, an Eligible Account in the name of the Issuer with the Indenture Trustee which shall be designated as the Series 20102011-1 Series Account, which account shall be pledged to the Indenture Trustee for the benefit of the Series 20102011-1 Noteholders pursuant to the Indenture and this Supplement. All deposits of funds by or for the benefit of the Series 20102011-1 Noteholders from the Trust Account and the Restricted Cash Account, shall be accumulated in, and withdrawn from, the Series 20102011-1 Series Account in accordance with the provisions of the Indenture and this Supplement.

Appears in 1 contract

Samples: Indenture Supplement (TAL International Group, Inc.)

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Series Account. The Issuer shall establish on the 2010Series 2014-1 2 Closing Date and maintain, so long as any Series 20102014-1 2 Note is Outstanding, an Eligible Account in the name of the Issuer with the Indenture Trustee which shall be designated as the Series 20102014-1 2 Series Account, which account shall be pledged to the Indenture Trustee for the benefit of the Series 20102014-1 2 Noteholders pursuant to the Indenture and this Supplement. All deposits of funds by by, or for the benefit benefit, of the Series 20102014-1 2 Noteholders from the Trust Account and the Restricted Cash Excess Funding Account, shall be accumulated in, and withdrawn from, the Series 20102014-1 2 Series Account in accordance with the provisions of the Indenture and this Supplement.

Appears in 1 contract

Samples: Indenture Supplement (TAL International Group, Inc.)

Series Account. The Issuer shall establish on the 2010-1 2 Closing Date and maintain, so long as any Series 2010-1 2 Note is Outstanding, an Eligible Account in the name of the Issuer with the Indenture Trustee which shall be designated as the Series 2010-1 2 Series Account, which account shall be pledged to the Indenture Trustee for the benefit of the Series 2010-1 2 Noteholders pursuant to the Indenture and this Supplement. All deposits of funds by or for the benefit of the Series 2010-1 2 Noteholders from the Trust Account and the Restricted Cash Account, shall be accumulated in, and withdrawn from, the Series 2010-1 2 Series Account in accordance with the provisions of the Indenture and this Supplement.

Appears in 1 contract

Samples: Indenture Supplement (TAL International Group, Inc.)

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