Common use of Yield Supplement Account Clause in Contracts

Yield Supplement Account. (a) On or prior to the Closing Date, the Company shall establish an Eligible Deposit Account (the "Yield Supplement Account"), bearing a designation clearly indicating that the funds deposited therein are for the benefit of the Certificateholders. On or prior to the Closing Date, the Company, the Servicer and the Trustee shall enter into the Yield Supplement Account Agreement and the Seller shall deposit an amount equal to the Yield Supplement Initial Deposit into the Yield Supplement Account. The Yield Supplement Account shall not be part of the Trust, but instead will be held for the benefit of the Certificateholders. The Company hereby acknowledges that the Yield Supplement Initial Deposit and any investment earnings thereon are owned directly by it, and the Company hereby agrees to treat the same as its assets (and earnings) for federal income tax and all other purposes.

Yield Supplement Account. (a) On or prior to the Closing Date, the Company shall establish an Eligible Deposit Account (the "Yield Supplement Supplement-Account"), bearing a designation clearly indicating that the funds deposited therein are for the benefit of the Certificateholders. On or prior to the Closing Date, the Company, the Servicer and the Trustee shall enter into the Yield Supplement Account Agreement and the Seller Sellers shall deposit an amount equal to the Yield Supplement Initial Deposit into the Yield Supplement Account. The Yield Supplement Account shall not be part of the Trust, but instead will be held for the benefit of the Certificateholders. The Company hereby acknowledges that the Yield Supplement Initial Deposit and any investment earnings thereon are owned directly by it, and the Company hereby agrees to treat the same as its assets (and earnings) for federal income tax and all other purposes.

Yield Supplement Account. (a) On or prior to the ------------------------ Closing Date, the Company shall establish an Eligible Deposit Account (the "Yield Supplement Supplement-Account"), bearing a designation clearly indicating that the funds deposited therein are for the benefit of the Certificateholders. On or prior to the Closing Date, the Company, the Servicer and the Trustee shall enter into the Yield Supplement Account Agreement and the Seller Sellers shall deposit an amount equal to the Yield Supplement Initial Deposit into the Yield Supplement Account. The Yield Supplement Account shall not be part of the Trust, but instead will be held for the benefit of the Certificateholders. The Company hereby acknowledges that the Yield Supplement Initial Deposit and any investment earnings thereon are owned directly by it, and the Company hereby agrees to treat the same as its assets (and earnings) for federal income tax and all other purposes.