THE TRUST ACCOUNTS. 4.1 The Receivables Trustee Account Bank shall comply with any Instruction of the Receivables Trustee, or the Servicer on its behalf, to debit any Trust Account provided that such Instruction:
THE TRUST ACCOUNTS. (a) There is hereby established and, at all times hereafter until the trusts created by this Indenture shall have terminated, there shall be maintained with the Indenture Trustee at the Corporate Trust Office, a trust account (the "Revenue Account") in the name and under the control of the Indenture Trustee for the benefit of the Noteholders into which there shall be deposited for each Vessel (i) any and all Charterhire payments under the Charters and any charterhire received pursuant to an Acceptable Replacement Charter, (ii) any and all charterhire payments received by an Owner under any other charters of the Vessels, (iii) any and all income from the investment of amounts held in the Revenue Account and the Debt Service Reserve Fund and (iv) any amounts transferred to the Revenue Account from the Pre-Funding Account pursuant to Section 3.5. Notwithstanding anything to the contrary contained herein, any such amounts shall be held for the benefit of the Holders of the Term Notes. Funds on deposit in the Revenue Account shall be disbursed by the Indenture Trustee on each Payment Date in accordance with Section 3.3.
THE TRUST ACCOUNTS. (a) The Issuer agrees to establish and maintain the Trust Accounts at the Custodian according to Section 4.02 of the Indenture and the applicable Indenture Supplement. The Custodian further agrees that (i) each Trust Account that is at the Custodian is and shall at all times be maintained by the Custodian as a Securities Account in the Custodian’s trust department, (ii) the Custodian is acting and will act as a Securities Intermediary with respect to such Trust Account, and (iii) all of the Trust Account Property (including credit balances and uninvested funds) deposited in, credited to or otherwise carried in such Trust Account shall be treated as Financial Assets.
THE TRUST ACCOUNTS. Operator hereby undertakes to the Receivables Trustee for itself and as trustee for each Beneficiary that it will not take any corporate action or other steps or legal proceedings for the winding up, dissolution or re-organisation or for the appointment of a receiver, administrative receiver, trustee, liquidator, sequestrator or similar officer of any Beneficiary (unless such Beneficiary agrees otherwise in any related Supplement), the Receivables Trustee or any successor trustee or the Receivables Trust or any or all of the revenues and assets of any of them nor participate in any ex parte proceedings nor seek to enforce any judgement against such Persons.
THE TRUST ACCOUNTS
