Common use of Spread Account Clause in Contracts

Spread Account. (a) The Spread Account will be held for the benefit of the Noteholders and the Insurer.

Appears in 6 contracts

Samples: Sale and Servicing Agreement (Onyx Acceptance Financial Corp), Sale and Servicing Agreement (Onyx Acceptance Financial Corp), Sale and Servicing Agreement (Onyx Acceptance Financial Corp)

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Spread Account. (a) The Spread Account will be held for the benefit of the Noteholders Securityholders and the Insurer.

Appears in 5 contracts

Samples: Sale and Servicing Agreement (Onyx Acceptance Financial Corp), Sale and Servicing Agreement (Onyx Acceptance Financial Corp), Sale and Servicing Agreement (Onyx Acceptance Financial Corp)

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Spread Account. (a) The Spread Account will be held for the benefit of the Noteholders Securityholders and the InsurerInsurer in order to effectuate the subordination of the rights of the Securityholders to the extent described above.

Appears in 3 contracts

Samples: Sale and Servicing Agreement (Onyx Acceptance Financial Corp), Sale and Servicing Agreement (Onyx Acceptance Financial Corp), Sale and Servicing Agreement (Onyx Acceptance Financial Corp)

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