Deposit of Proceeds. Subject to Section 4(b), any interest, cash dividends or other cash distributions received in respect of any Investments and the net proceeds of any sale or payment of any Investments shall be promptly credited to, and held for the credit of the Reserve Account, and any distribution of property other than cash in respect of any Investment shall be credited to, and held for the credit of, the Reserve Account.
Appears in 111 contracts
Sources: Securities Account Control Agreement (Toyota Auto Receivables 2025-D Owner Trust), Securities Account Control Agreement (Toyota Auto Receivables 2025-D Owner Trust), Securities Account Control Agreement (Toyota Auto Receivables 2025-C Owner Trust)