SECURITIES ACCOUNT CONTROL AGREEMENT among NISSAN AUTO RECEIVABLES 2020-B OWNER TRUST, as Issuer, NISSAN MOTOR ACCEPTANCE COMPANY LLC, as Servicer, U.S. BANK TRUST COMPANY, NATIONAL ASSOCIATION, in its capacity as Indenture Trustee and U.S. BANK...Securities Account Control Agreement • April 7th, 2022 • Nissan Auto Receivables 2020-B Owner Trust • Asset-backed securities • New York
Pursuant to the Indenture, dated as of June 30, 2020, by and between the Issuer and the Secured Party, as 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 Accounts and all funds, Account Property (as defined in the Sale and Servicing Agreement) or other property on deposit from time to time in or credited to the Accounts, including all investments and Proceeds thereof and all income thereon (collectively, the “Account Property”). The Accounts currently existing under the Indenture are the Reserve Account and the Collection Account maintained and held at the Intermediary by the Issuer, subject to the first priority security interest of the Secured Party for the benefit of the Noteholders in the Accounts granted by the Issuer to the Secured Party to secure payment of the Notes.
