Common use of Titling Company Accounts Clause in Contracts

Titling Company Accounts. (a) The Member or the Administrator, for the benefit of the Company or any applicable Series, may establish and maintain in the name of the Company (on its own behalf or on behalf of or with respect to the applicable Series) or such Series, such separate Company Accounts as are necessary from time to time, bearing a designation clearly indicating that the funds deposited therein are held by the Company (on its own behalf or on behalf of or with respect to the applicable Series) or such Series. (b) If so specified in any Series Supplement, Servicing Agreement or Securitized Financing Document, the Administrator shall in the manner so specified establish and maintain with respect to each Series, one or more separate deposit accounts or securities accounts for the benefit of the Holder of the related Series (any such account, a “Series Account”). The Servicer may make deposits into, make disbursements from and direct the investment of funds in such Series Accounts in accordance with the terms of this Agreement, any Servicing Agreement, any Securitized Financing Document or any other document to which the related Series Assets are subject.