Common use of Succession Upon Satisfaction and Discharge of Indenture Clause in Contracts

Succession Upon Satisfaction and Discharge of Indenture. Following the satisfaction and discharge of the Indenture and the payment in full of the principal of and interest on the Notes, to the extent permitted by applicable law and until the payment of all amounts owing or to be distributed hereunder to the Certificateholders or the Depositor, the Indenture Trustee will continue to carry out its obligations hereunder as agent for the Owner Trustee, including without limitation making distributions from the Collection Account in accordance with Section 4.6, making withdrawals from the Reserve Account in accordance with Section 4.5(b) and Section 4.7 and making withdrawals from the Yield Supplement Account in accordance with Section 4.5(c) and Section 4.8.

Succession Upon Satisfaction and Discharge of Indenture. Following the satisfaction and discharge of the Indenture and the payment in full of the principal of and interest on the Notes, to the extent permitted by applicable law and until the payment of all amounts owing or to be distributed hereunder to the Certificateholders [or the Depositor], the Indenture Trustee will continue to carry out its obligations hereunder as agent for the Owner Trustee, including without limitation making distributions from the Collection Account in accordance with Section 4.6, 4.6 and making withdrawals from the Reserve Account in accordance with Section 4.5(b) and Section 4.7 and making withdrawals from the Yield Supplement Account in accordance with Section 4.5(c) and Section 4.84.7.