Common use of Allocation of Money Collected Clause in Contracts

Allocation of Money Collected. If the Notes of all Series have been declared due and payable following an Event of Default and such declaration and its consequences have not been rescinded or annulled, any money collected by the Indenture Trustee pursuant to this Article or otherwise and any other monies that may be held or thereafter received by the Indenture Trustee as security for such Notes shall be applied, to the extent permitted by law, in the following order, at the date or dates fixed by the Indenture Trustee: FIRST: To the payment of all amounts due the Indenture Trustee under Section 905 hereof; and SECOND: Any remaining amounts shall be distributed in accordance with Section 302(c)(III) hereof.

Allocation of Money Collected. If the Notes of all Series have been declared due and payable following an a Trust Event of Default and such declaration and its consequences have not been rescinded or annulled, any money collected by the Indenture Trustee pursuant to this Article or otherwise and any other monies that may be held or thereafter received by the Indenture Trustee as security for such Notes shall be applied, to the extent permitted by law, in the following order, at the date or dates fixed by the Indenture Trustee: FIRST: To the payment of all amounts due the Indenture Trustee under Section 905 hereof; and SECOND: Any remaining amounts shall be distributed in accordance with Section 302(c)(III) hereof.and

Allocation of Money Collected. If the Notes of all Series have been declared due and payable following an Event of Default and such declaration and its consequences have not been rescinded or annulled, any money collected by the Indenture Trustee pursuant to this Article or otherwise and any other monies that may be held or thereafter received by the Indenture Trustee as security for such Notes shall be applied, to the extent permitted by law, in the following order, at the date or dates fixed by the Indenture Trustee: FIRST: To the payment of all amounts due the Indenture Trustee under Section 905 hereof; and 119711828\V-7 SECOND: Any remaining amounts shall be distributed in accordance with Section 302(c)(III302(c)(iii) hereof.