Examples of SUBI Lease Account in a sentence
Any such 1999-A SUBI Lease Account initially shall be established with U.S. Bank, as Trust Agent, and at all times shall be an Eligible Account.
The 1999-A SUBI Lease Account shall relate solely to the 1999-A SUBI and the 1999-A SUBI Portfolio, and funds therein shall not be commingled with any other monies, except as otherwise provided for or contemplated in the Origination Trust Agreement as supplemented by this 1999-A SUBI Supplement or the 1999-A Servicing Supplement.
All amounts held in the 1999-A SUBI Lease Account shall be invested in Eligible Investments until distributed or otherwise applied in accordance with the Origination Trust Agreement, this 1999-A SUBI Supplement, the 1999-A Servicing Supplement or the Servicing Agreement.
All transfers of funds into and out of the 1999-A SUBI Lease Account shall be made in accordance with Section 4.04 of the Origination Trust Agreement.
If the Trust Agent no longer meets the requirements stated in the definition of Eligible Account, then the Servicer shall, with the Origination Trustee's assistance as necessary, cause the 1999-A SUBI Lease Account to be moved to a bank or trust company that satisfies those requirements.
Notwithstanding the provisions of Section 4.04 of the Origination Trust Agreement, the Servicer shall be required to establish and maintain with respect to the 1999-A SUBI the 1999-A SUBI Lease Account in the name of the Origination Trustee, which account shall constitute a SUBI Lease Account, only if the Monthly Remittance Conditions are no longer satisfied.
The Trustee hereby grants a security interest in any 1999-A SUBI Lease Account, and all Permitted Investments therein and all proceeds of the foregoing, to the Indenture Trustee for the benefit of the holders of the Notes.
All amounts held in the 1998-A SUBI Lease Account shall be invested in Permitted Investments in accordance with Section 7.01(d) of the Trust Agreement, Section 11.02(d) hereof and Section 8.03 of the Indenture until distributed or otherwise applied in accordance with the Trust Agreement or this Supplement.
The 1997-B SUBI Lease Account shall relate solely to the 1997-B SUBI and the 1997-B SUBI Portfolio, and funds therein shall not be commingled with any other moneys, except as otherwise provided for or contemplated in the Trust Agreement as supplemented by this Supplement or in the Servicing Agreement as supplemented by the Servicing Supplement.
All income, gain or loss from investment of monies in the 1999-A SUBI Lease Account shall be for the benefit of the Origination Trustee on behalf of the Origination Trust and credited or debited, as the case may be, from such account; provided that each such investment shall be made in the name of the Origination Trustee on behalf of the Origination Trust, its nominee or its Financial Intermediary.