Common use of Dominion and Control Clause in Contracts

Dominion and Control. Funding Corp. hereby transfers, assigns and sets over all of its right, title and interest in and to all amounts deposited or held in any Indenture Account under this Indenture and grants the Trustee (acting on behalf of the Holders of the Notes) sole dominion and control over such amounts. Funding Corp. shall not have the right to withdraw monies from any Indenture Account hereunder.

Appears in 2 contracts

Sources: Trust Indenture (TermoEmcali Leasing LTD), Trust Indenture (TermoEmcali Leasing LTD)