Common use of Backed Notes Clause in Contracts

Backed Notes. The Indenture Trustee shall have no monitoring or calculation obligation with respect to withdrawals from the Transfer Obligation Account. Amounts in the Transfer Obligation Account shall be invested in accordance with Section 5.03.

Appears in 1 contract

Sources: Sale and Servicing Agreement (H&r Block Inc)

Backed Notes. The Transfer Obligation Account shall be maintained with the Indenture Trustee. The Indenture Trustee shall have no monitoring or calculation obligation with respect to withdrawals from the Transfer Obligation Account. Amounts in the Transfer Obligation Account shall be invested in accordance with Section 5.03.

Appears in 1 contract

Sources: Sale and Servicing Agreement (Advanta Corp)