Settlement Collection Subaccount Clause Samples
Settlement Collection Subaccount. The Issuer shall not direct the Indenture Trustee to dispose of (or permit the disposal of) any Permitted Investments prior to the maturity thereof to the extent such disposal would result in a loss of principal of such Permitted Investment. In the absence of written direction as provided hereunder, all funds on deposit in the Collection Account shall remain uninvested.
Settlement Collection Subaccount. On each Payment Date, based solely on the information contained in the Monthly Settlement Statement with respect to the Series 1999-1 Investor Notes, the Indenture Trustee shall, in accordance with Section 6.1 of the Base Indenture, pay to the Funding Agent, for the account of the Series 1999-1 Investor Noteholders, from the Series 1999-1 Distribution Account the Monthly Interest Payment to the extent of the amount deposited in the Series 1999-1 Distribution Account for the payment of interest pursuant to Section 5A.4(c)(v).
Settlement Collection Subaccount. The Funding Agent shall not direct the Indenture Trustee to dispose of (or permit the disposal of) any Permitted Investments prior to the maturity thereof to the extent such disposal would result in a loss of principal of such Permitted