Common use of DEMAND ON COLLATERAL AGENT Clause in Contracts

DEMAND ON COLLATERAL AGENT. The Trust Depositor agrees that the Trustee may effect demand for payment of Carrying Charges by making demand directly upon the Collateral Agent instead of the Trust Depositor, and consents to the Collateral Agent's payment of such Carrying Charges from amounts on deposit in the Interest Reserve Account.

Appears in 3 contracts

Sources: Agreement to Deposit Contracts (Harley Davidson Customer Funding Corp), Agreement to Deposit Contracts (Eaglemark Inc), Agreement to Deposit Contracts (Eaglemark Inc)