Common use of Trust Accounts; Investments by Trustee Clause in Contracts

Trust Accounts; Investments by Trustee. (a) On or before the Issuance Date for any Series, the Trustee shall establish in the name of the Trustee for the benefit of the Noteholders of such Series and the Company to the extent of their interests therein as provided in this Indenture and in the Servicing Agreement, the Trust Accounts designated for such Series, which accounts shall be Eligible Accounts maintained at the Corporate Trust Office. Subject to the further provisions of this Section 3.01(a), the Trustee shall, upon receipt or upon transfer from another account, as the case may be, deposit into such accounts all amounts received by it which are required to be deposited therein in accordance with the provisions of this Indenture. All such amounts and all investments made with such amounts, including all income and other gain from such investments, shall be held by the Trustee in such accounts as part of the Trust Estate as herein provided, subject to withdrawal by the Trustee in accordance with, and for the purposes specified in the provisions of, this Indenture.

Trust Accounts; Investments by Trustee. (a) On or before the Issuance Date for any SeriesDate, the Trustee shall establish in the name of the Trustee for the benefit of the Noteholders of such Series and the Company Borrower to the extent of their interests therein as provided in this Indenture and in the Servicing AgreementIndenture, the Trust Accounts designated for such SeriesAccounts, which accounts shall be Eligible Accounts maintained at the Corporate Trust OfficeBank Accounts. Subject to the further provisions of this Section 3.01(a3.1(a), the Trustee shall, upon receipt or upon transfer from another account, as the case may be, deposit into such accounts all amounts received by it which are required to be deposited therein in accordance with the provisions of this Indenture. All such amounts and all investments made with such amounts, including all income and other gain from such investments, shall be held by the Trustee in such accounts as part of the Trust Estate as herein provided, subject to withdrawal by the Trustee in accordance with, and for the purposes specified in the provisions of, this Indenture.

Trust Accounts; Investments by Trustee. (a) On or before the Issuance Date for any Series, the Trustee shall establish in the name of the Trustee for the benefit of the Noteholders of such Series and the Company to the extent of their interests therein as provided in this Indenture and in the Servicing Agreement, the Trust Accounts designated for such Series, which accounts shall be Eligible Bank Accounts maintained at the Corporate Trust Office. Subject to the further provisions of this Section 3.01(a3.1(a), the Trustee shall, upon receipt or upon transfer from another account, as the case may be, deposit into such accounts all amounts received by it which are required to be deposited therein in accordance with the provisions of this Indenture. All such amounts and all investments made with such amounts, including all income and other gain from such investments, shall be held by the Trustee in such accounts as part of the Trust Estate as herein provided, subject to withdrawal by the Trustee in accordance with, and for the purposes specified in the provisions of, this Indenture.