EXHIBIT 10.7
Porsche Auto Funding LLC
Exhibit 10.7
SECURITIES ACCOUNT CONTROL AGREEMENT
among
PORSCHE INNOVATIVE LEASE OWNER TRUST 2026-1, as Issuer,
PORSCHE FINANCIAL SERVICES, INC., as Servicer,
U.S. BANK TRUST COMPANY, NATIONAL ASSOCIATION, in its capacity as Indenture Trustee
and
U.S. BANK NATIONAL ASSOCIATION, as Securities Intermediary
Dated as of June 12, 2026
PILOT 2026-1 Securities Account Control Agreement
Table of Contents
Page
ARTICLE I DEFINITIONS
1
Section 1.1
Defined Terms
1
Section 1.2
Other Interpretive Provisions
1
ARTICLE II ACCOUNTS
2
Section 2.1
Accounts
2
ARTICLE III RIGHTS OF THE SECURED PARTY
2
Section 3.1
Control of Accounts by Secured Party
2
Section 3.2
No Control by Issuer or Third Parties Concerning Trust Accounts
3
Section 3.3
Perfection of Security Interests in Accounts
3
Section 3.4
Notices of Adverse Claims
3
ARTICLE IV RIGHTS AND Responsibilities of Securities InterMEDIARY
3
…