SUBI Collection Account. Pursuant to Section 8.02(c) of the Indenture, the Issuer shall establish with the Securities Intermediary and the Indenture Trustee shall maintain the 2024-1 SUBI Collection Account. In the event the 2024-1 SUBI Collection Account ceases to be held at an Eligible Institution, the Servicer shall assist the Indenture Trustee as necessary to establish a new 2024-1 SUBI Collection Account in accordance with Section 8.02(c) of the Indenture.
SUBI Collection Account. If the Servicer has not sold a 2022-1 Vehicle within 90 days after it has made a Sales Proceeds Advance, it shall be reimbursed for such Sales Proceeds Advance as part of the Payment Date Advance Reimbursement in accordance with Section 2.4(b)(i). Within six months of receiving that reimbursement, if the related 2022-1 Vehicle has not been sold, the Servicer shall, if permitted by applicable law, cause such 2022-1 Vehicle to be sold at auction and shall remit the proceeds associated with the disposition of such 2022-1 Vehicle to the 2022-1 SUBI Collection Account.
SUBI Collection Account. (a) With respect to the 2021-1 SUBI, pursuant to Section 8.02(c) of the Indenture, the Issuer has established and the Indenture Trustee will maintain, in the name of the Issuer, for the exclusive benefit of the holders of interests in the 2021-1 SUBI, the 2021-1 SUBI Collection Account.
SUBI Collection Account. (a) With respect to the 2017-1 SUBI, pursuant to the Servicing Supplement, the Servicer shall establish, and pursuant to the Indenture, the Indenture Trustee shall maintain, in the name of the Issuer, for the exclusive benefit of the holders of interests in the 2017-1 SUBI, the 2017-1 SUBI Collection Account. The 2017-1 SUBI Collection Account initially shall be established with the corporate trust department of U.S. Bank National Association, a national banking association, as Indenture Trustee. If at any time the 2017-1 SUBI Collection Account ceases to be held at an Eligible Institution, the Indenture Trustee shall, within thirty (30) days (or such longer period in respect of which the Rating Agency Condition shall have been satisfied) following notification of such occurrence, and with the assistance of the Servicer, as necessary, establish a new 2017-1 SUBI Collection Account at an Eligible Institution and transfer any cash or investments to such new 2017-1 SUBI Collection Account. The 2017-1 SUBI Collection Account shall relate solely to the 2017-1 SUBI and the 2017-1 SUBI Assets, and funds therein shall not be commingled with any other monies, except as otherwise provided for in or contemplated by the SUBI Trust Agreement or in the Servicing Agreement. All deposits into the 2017-1 SUBI Collection Account shall be made as described in Section 2.2 of the Servicing Agreement.
SUBI Collection Account. (a) With respect to the 2009-1 SUBI, pursuant to the Servicing Supplement, the Servicer shall establish, and pursuant to the Indenture, the Indenture Trustee shall maintain, in the name of the Trust, for the exclusive benefit of the holders of interests in the 2009-1 SUBI, the 2009-1 SUBI Collection Account, which account shall constitute a SUBI Collection Account. The 2009-1 SUBI Collection Account initially shall be established with Citibank, N.A., as Indenture Trustee, so long as the Indenture Trustee has the Required Deposit Rating. If the Indenture Trustee at any time does not have the Required Deposit Rating, the Servicer shall, with the assistance of the Indenture Trustee, as necessary, cause the 2009-1 SUBI Collection Account to be moved in accordance with the Vehicle Trust Agreement. The 2009-1 SUBI Collection Account shall relate solely to the 2009-1 SUBI and the 2009-1 SUBI Assets, and funds therein shall not be commingled with any other monies, except as otherwise provided for in or contemplated by the SUBI Trust Agreement or in the Servicing Agreement. All deposits into the 2009-1 SUBI Collection Account shall be made as described in Section 2.2 of the Servicing Agreement.
