Trustee as Securities Intermediary. (a) The Trustee or other Person holding any Base Indenture Account held in the name of the Trustee for the benefit of the Secured Parties (collectively, the “Trustee Accounts”) shall be the “Securities Intermediary”. If the Securities Intermediary in respect of any Trustee Account is not the Trustee, the Issuer shall obtain the express agreement of such other Person to the obligations of the Securities Intermediary set forth in this Section 5.8.
(b) The Securities Intermediary agrees that:
(i) the Trustee Accounts are accounts to which “financial assets” within the meaning of Section 8-102(a)(9) (“Financial Assets”) of the New York UCC and each applicable STA will or may be credited;
(ii) the Trustee Accounts are “securities accounts” within the meaning of Section 8-501 of the New York UCC and each applicable STA and the Securities Intermediary qualifies as a “securities intermediary” under Section 8-102(a) of the New York UCC and each applicable STA;
(iii) all securities or other property (other than cash) underlying any Financial Assets credited to any Trustee Account shall be registered in the name of the Securities Intermediary, indorsed to the Securities Intermediary or in blank or credited to another securities account maintained in the name of the Securities Intermediary, and in no case will any Financial Asset credited to any Trustee Account be registered in the name of the applicable Co-Issuer, payable to the order of the applicable Co-Issuer or specially indorsed to the applicable Co-Issuer;
(iv) all property delivered to the Securities Intermediary pursuant to this Base Indenture will be promptly credited to the appropriate Trustee Account;
(v) each item of property (whether investment property, security, instrument or cash) credited to a Trustee Account shall be treated as a Financial Asset under Article 8 of the New York UCC and each applicable STA;
(vi) if at any time the Securities Intermediary shall receive any entitlement order from the Trustee (including those directing transfer or redemption of any Financial Asset) relating to the Trustee Accounts, the Securities Intermediary shall comply with such entitlement order without further consent by the Issuer or any other Person;
(vii) the Trustee Accounts shall be governed by the laws of the State of New York, regardless of any provision of any other agreement; for purposes of all applicable UCCs and STAs and all issues specified in Article 2(1) of the Hague Convention on the Law Applicable t...
Trustee as Securities Intermediary. (a) The Trustee or other Person holding the Series 2021-1 Distribution Account shall be the “Series 2021-1 Securities Intermediary.” If the Series 2021-1 Securities Intermediary in respect of the Series 2021-1 Distribution Accounts is not the Trustee, the Master Issuer shall obtain the express agreement of such other Person to the obligations of the Series 2021-1 Securities Intermediary set forth in this Section 3.08.
(b) The Series 2021-1 Securities Intermediary agrees that:
(i) The Series 2021-1 Distribution Accounts are accounts to which Financial Assets will or may be credited;
(ii) The Series 2021-1 Distribution Accounts are “securities accounts” within the meaning of Section 8-501 of the New York UCC and the Series 2021-1 Securities Intermediary qualifies as a “securities intermediary” under Section 8-102(a) of the New York UCC;
(iii) All securities or other property (other than cash) underlying any Financial Assets credited to any Series 2021-1 Distribution Account shall be registered in the name of the Series 2021-1 Securities Intermediary, indorsed to the Series 2021-1 Securities Intermediary or in blank or credited to another securities account maintained in the name of the Series 2021-1 Securities Intermediary, and in no case will any Financial Asset credited to any Series 2021-1 Distribution Account be registered in the name of the Master Issuer, payable to the order of the Master Issuer or specially indorsed to the Master Issuer;
(iv) All property delivered to the Series 2021-1 Securities Intermediary pursuant to this Series 2021-1 Supplement will be promptly credited to the appropriate Series 2021-1 Distribution Account;
(v) Each item of property (whether investment property, security, instrument or cash) credited to any Series 2021-1 Distribution Account shall be treated as a Financial Asset;
(vi) If at any time the Series 2021-1 Securities Intermediary shall receive any entitlement order from the Trustee (including those directing transfer or redemption of any Financial Asset) relating to the Series 2021-1 Distribution Accounts, the Series 2021-1 Securities Intermediary shall comply with such entitlement order without further consent by the Master Issuer, any other Securitization Entity or any other Person;
(vii) (A) The Series 2021-1 Distribution Accounts shall be governed by the laws of the State of New York, regardless of any provision of any other agreement; (B) for purposes of all applicable UCCs, the State of New York shall be deemed ...
Trustee as Securities Intermediary. With respect to each Series 2021-1 Account, the Trustee or other Person maintaining such Series 2021-1 Account shall be the “securities intermediary” (as defined in Section 8- 102(a)(14) of the New York UCC and a “bank” (as defined in Section 9-102(a)(8) of the New York UCC), in such capacities, the “Securities Intermediary”) with respect to such Series 2021-1 Account. If the Securities Intermediary in respect of any Series 2021-1 Account is not the Trustee, HVF III shall obtain the express agreement of such Person to the obligations of the Securities Intermediary set forth in this Section 4.3 (Trustee as Securities Intermediary).
Trustee as Securities Intermediary. (a) The Trustee or other Person holding the Series 2004-1 Collection Account, the Series 2004-1 Excess Collection Account, the Series 2004-1 Accrued Interest Account, the Series 2004-1 Reserve Account, the Series 2004-1 Cash Collateral Account, or the Series 2004-1 Distribution Account (each a “Series 2004-1 Designated Account”) shall be the “Securities Intermediary”. If the Securities Intermediary in respect of any Series 2004-1 Designated Account is not the Trustee, HVF shall obtain the express agreement of such Person to the obligations of the Securities Intermediary set forth in this Section 2.10.
Trustee as Securities Intermediary. (a) The Trustee or other Person holding the Series 2012-1 Distribution Accounts shall be the “Series 2012-1
Trustee as Securities Intermediary. (a) The Trustee or other Person holding a Series 2010-1 Account shall be the “Securities Intermediary”. If the Securities Intermediary in respect of any Series 2010-1 Account is not the Trustee, the Issuers shall obtain the express agreement of such Person to the obligations of the Securities Intermediary set forth in this Section 2.12.
Trustee as Securities Intermediary. (a) The Trustee or other Person holding the Series 2016-1 Distribution Accounts shall be the “Series 2016-1
Trustee as Securities Intermediary. (a) The Trustee or other Person holding the Series 2024-1 Class A-2 Distribution Account shall be the “Series 2024-1 Securities Intermediary”. If the Series 2024-1 Securities Intermediary in respect of the Series 2024-1 Class A-2 Distribution Account is not the Trustee, the Master Issuer shall obtain the express agreement of such other Person to the
(b) The Series 2024-1 Securities Intermediary agrees that: (i) The Series 2024-1 Class A-2 Distribution Account is an account to which Financial Assets will or may be credited; (ii) The Series 2024-1 Class A-2 Distribution Account is a “securities account” within the meaning of Section 8-501 of the New York UCC and the Series 2024-1 Securities Intermediary qualifies as a “securities intermediary” under Section 8-102(a) of the New York UCC;
Trustee as Securities Intermediary. (a) With respect to the Group II Collection Account, the Trustee or other Person maintaining such Group II Collection Account shall be the “securities intermediary” (as defined in Section 8-102(a)(14) of the New York UCC and a “bank” (as defined in Section 9-102(a)(8) of the New York UCC), in such capacities, the “Securities Intermediary”) with respect to the Group II Collection Account. If the Securities Intermediary is not the Trustee, HVF II shall obtain the express agreement of such Person to the obligations of the Securities Intermediary set forth in this Section 5.2.
(b) The Securities Intermediary agrees that:
Trustee as Securities Intermediary. The Trustee or other Person holding the Series 2010-3 Collection Account shall be the “securities intermediary” (as defined in Section 8-102(a) WEIL:\95390898\1\99910.6247
