Common use of Series Accounts Clause in Contracts

Series Accounts. HVF has established and maintained, and shall continue to maintain, in the name of the Trustee for the benefit of the Series 2009-1 Noteholders three accounts: the Series 2009-1 Collection Account (such account, the “Series 2009-1 Collection Account”), the Series 2009-1 Accrued Interest Account (such account, the “Series 2009-1 Accrued Interest Account”) and the Series 2009-1 Excess Collection Account (such account, the “Series 2009-1 Excess Collection Account” and, together with the Series 2009-1 Collection Account and the Series 2009-1 Accrued Interest Account, the “Series 2009-1 Series Accounts”). Each Series 2009-1 Series Account shall bear a designation clearly indicating that the funds deposited therein are held for the benefit of the Series 2009-1 Noteholders. Each Series 2009-1 Series Account shall be an Eligible Deposit Account. If a Series 2009-1 Series Account is at any time no longer an Eligible Deposit Account, HVF shall, within 10 Business Days of obtaining knowledge that such Series 2009-1 Series Account is no longer an Eligible Deposit Account, establish a new Series 2009-1 Series Account that is an Eligible Deposit Account. If a new Series 2009-1 Series Account is established, HVF shall instruct the Trustee in writing to transfer all cash and investments from the non-qualifying Series 2009-1 Series Account into the new Series 2009-1 Series Account. Initially, each of the Series 2009-1 Series Accounts will be established with The Bank of New York Mellon.

Series Accounts. HVF has established shall establish and maintained, and shall continue to maintain, maintain in the name of the Trustee for the benefit of the Series 20092011-1 Noteholders three accounts: the Series 20092011-1 Collection Account (such account, the “Series 20092011-1 Collection Account”), the Series 20092011-1 Accrued Interest Account (such account, the “Series 20092011-1 Accrued Interest Account”) and the Series 20092011-1 Excess Collection Account (such account, the “Series 20092011-1 Excess Collection Account” and, together with the Series 20092011-1 Collection Account and the Series 20092011-1 Accrued Interest Account, the “Series 20092011-1 Series Accounts”). Each Series 20092011-1 Series Account shall bear a designation clearly indicating that the funds deposited therein are held for the benefit of the Series 20092011-1 Noteholders. Each Series 20092011-1 Series Account shall be an Eligible Deposit Account. If a Series 20092011-1 Series Account is at any time no longer an Eligible Deposit Account, HVF shall, within 10 Business Days of obtaining knowledge that such Series 20092011-1 Series Account is no longer an Eligible Deposit Account, establish a new Series 20092011-1 Series Account that is an Eligible Deposit Account. If a new Series 20092011-1 Series Account is established, HVF shall instruct the Trustee in writing to transfer all cash and investments from the non-qualifying Series 20092011-1 Series Account into the new Series 20092011-1 Series Account. Initially, each of the Series 20092011-1 Series Accounts will be established with The Bank of New York MellonBNY.

Series Accounts. HVF has established shall establish and maintained, and shall continue to maintain, maintain in the name of the Trustee for the benefit of the Series 2009-1 Noteholders three accounts: the Series 2009-1 Collection Account (such account, the “Series 2009-1 Collection Account”), the Series 2009-1 Accrued Interest Account (such account, the “Series 2009-1 Accrued Interest Account”) and the Series 2009-1 Excess Collection Account (such account, the “Series 2009-1 Excess Collection Account” and, together with the Series 2009-1 Collection Account and the Series 2009-1 Accrued Interest Account, the “Series 2009-1 Series Accounts”). Each Series 2009-1 Series Account shall bear a designation clearly indicating that the funds deposited therein are held for the benefit of the Series 2009-1 Noteholders. Each Series 2009-1 Series Account shall be an Eligible Deposit Account. If a Series 2009-1 Series Account is at any time no longer an Eligible Deposit Account, HVF shall, within 10 Business Days of obtaining knowledge that such Series 2009-1 Series Account is no longer an Eligible Deposit Account, establish a new Series 2009-1 Series Account that is an Eligible Deposit Account. If a new Series 2009-1 Series Account is established, HVF shall instruct the Trustee in writing to transfer all cash and investments from the non-qualifying Series 2009-1 Series Account into the new Series 2009-1 Series Account. Initially, each of the Series 2009-1 Series Accounts will be established with The Bank of New York Mellon.

Series Accounts. HVF has established shall establish and maintained, and shall continue to maintain, maintain in the name of the Trustee for the benefit of the Series 20092010-1 Noteholders three accounts: the Series 20092010-1 Collection Account (such account, the “Series 20092010-1 Collection Account”), the Series 20092010-1 Accrued Interest Account (such account, the “Series 20092010-1 Accrued Interest Account”) and the Series 20092010-1 Excess Collection Account (such account, the “Series 20092010-1 Excess Collection Account” and, together with the Series 20092010-1 Collection Account and the Series 20092010-1 Accrued Interest Account, the “Series 20092010-1 Series Accounts”). Each Series 20092010-1 Series Account shall bear a designation clearly indicating that the funds deposited therein are held for the benefit of the Series 20092010-1 Noteholders. Each Series 20092010-1 Series Account shall be an Eligible Deposit Account. If a Series 20092010-1 Series Account is at any time no longer an Eligible Deposit Account, HVF shall, within 10 Business Days of obtaining knowledge that such Series 20092010-1 Series Account is no longer an Eligible Deposit Account, establish a new Series 20092010-1 Series Account that is an Eligible Deposit Account. If a new Series 20092010-1 Series Account is established, HVF shall instruct the Trustee in writing to transfer all cash and investments from the non-qualifying Series 20092010-1 Series Account into the new Series 20092010-1 Series Account. Initially, each of the Series 20092010-1 Series Accounts will be established with The Bank of New York MellonBNY.