Common Contracts
1 similar Securities Account Control Agreement contracts
Form of Securities Account Control AgreementSecurities Account Control Agreement • July 14th, 2023 • New York
Pursuant to the Indenture, dated as of [●], 2023, by and among the Issuer, Bank of America Auto Grantor Trust [●] and the Indenture Trustee (as amended or modified from time to time, the “Indenture”), the Issuer has granted to the Secured Party, for the benefit of the Noteholders, a first priority security interest in the Issuer Collateral (as defined therein) (the “Account Property”). The accounts currently existing under the Indenture are the Collection Account, a securities account numbered [●] and the Reserve Account, a securities account numbered [●] (collectively, the “Trust Accounts”) maintained and held at the Securities Intermediary by the Issuer, subject to the first priority security interest of the Secured Party for the benefit of the Noteholders in the Trust Accounts granted by the Issuer to the Secured Party to secure payment of the Notes.
