Common use of Trust Account; Operating Account Clause in Contracts

Trust Account; Operating Account. (a) Prior to the initial authentication and delivery of any Notes, the Company shall open, at one or more depository institutions (which may be the Trustee), a trust account denominated "Trust Account--Sterling Trust Company, as trustee in respect of Notes Due October 15, 2000" (the "Trust Account"). The Trust Account shall be an Eligible Account and relate solely to the Notes and to the Contracts and Eligible Investments securing the Notes, and funds in the Trust Account shall not be commingled with any other moneys. The Company shall also open, at one or more depository institutions, an account in its own name for use in holding the Company's funds and in paying the Company's expenditures (the "Operating Account"). The Trust Account and the Operating Account are sometimes collectively referred to as the "Accounts" or individually as an "Account". The Company shall give the Trustee at least five Business Days' written notice of any change in the location of the Operating Account and any related account identification information.

Trust Account; Operating Account. (a) Prior to the initial authentication and delivery of any Notes, the Company Trustee shall open, at one or more depository institutions (which may be the Trustee), a trust account which shall have a sub-account denominated "Trust Account--Sterling Trust Company, as trustee in respect of Notes Due October 15, 2000Auto Receivable Secured Notes" (such sub-account is hereinafter referred to as the "Trust Account"). The Trust Account shall be an Eligible Account and relate solely to the Notes and to the Contracts and Eligible Investments securing the NotesAccount, and funds in the Trust Account shall not be commingled with any other moneysmoneys of the Company or the Servicer. The Company shall also open, at one or more depository institutions, an account in its own name for use in holding the Company's funds and in paying the Company's expenditures (the "Operating Account"). The Trust Account and the Operating Account are sometimes collectively referred to as the "Accounts" or individually as an "Account". The Company shall give the Trustee at least five Business Days' written notice of any change in the location of the Operating Account and any related account identification information.

Trust Account; Operating Account. (a) Prior to the initial authentication and delivery of any Notes, the Company Trustee shall open, at one or more depository institutions (which may be the Trustee), a trust account which shall have a sub-account denominated "Trust Account--Sterling Trust Company, as trustee in respect of Notes Due October February 15, 20002002" (such sub-account is hereinafter referred to as the "Trust Account"). The Trust Account shall be an Eligible Account and relate solely to the Notes and to the Contracts and Eligible Investments securing the NotesAccount, and funds in the Trust Account shall not be commingled with any other moneysmoneys of the Company or the Servicer. The Company shall also open, at one or more depository institutions, an account in its own name for use in holding the Company's funds and in paying the Company's expenditures (the "Operating Account"). The Trust Account and the Operating Account are sometimes collectively referred to as the "Accounts" or individually as an "Account". The Company shall give the Trustee at least five Business Days' written notice of any change in the location of the Operating Account and any related account identification information.