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, the Certificateholders will succeed to the rights of the Noteholders hereunder, and the Indenture Trustee will, continue to carry out its obligations hereunder with respect to the Certificateholders, including without limitation making distributions from the Payahead Account and the Collection Account in accordance with Section 4.6 and making withdrawals from the Reserve Account in accordance with Section 4.5(b) and Section 4.7. 57

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 will succeed to or the rights of the Noteholders hereunderDepositor, and the Indenture Trustee will, will continue to carry out its obligations hereunder with respect to as agent for the CertificateholdersOwner Trustee, including without limitation making distributions from the Payahead Account and the Collection Account in accordance with Section 4.6 and making withdrawals from the Reserve Account in accordance with Section 4.5(b) and Section 4.7. 57.

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 will succeed to or the rights of the Noteholders hereunderDepositor, and the Indenture Trustee will, will continue to carry out its obligations hereunder with respect to as agent for the CertificateholdersOwner Trustee, including without limitation making distributions from the Payahead Account and the Collection Account in accordance with Section 4.6 and 4.6, making withdrawals from the Reserve Account in accordance with Section 4.5(b) and Section 4.7. 57.

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 will succeed to [or the rights of the Noteholders hereunderDepositor], and the Indenture Trustee will, will continue to carry out its obligations hereunder with respect to as agent for the CertificateholdersOwner Trustee, including without limitation making distributions from the Payahead Account and the Collection Account in accordance with Section 4.6 and making withdrawals from the Reserve Account in accordance with Section 4.5(b) and Section 4.7. 57.

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, the Certificateholders will succeed to the rights of the Noteholders hereunder, and the Indenture Trustee will, continue to carry out its obligations hereunder with respect to the Certificateholders, including without limitation making distributions from the Payahead Account and the Collection Account in accordance with Section 4.6 and making withdrawals from the Reserve Account in accordance with Section 4.5(b) and Section 4.7. 5757 45