Allocations After Certain Events of Default. If all Series of Notes Outstanding shall have been declared to be immediately due and payable pursuant to Section 9.2 as a result of the occurrence of an Event of Default defined in clause (d) or (e) of Section 9.1, then to the extent that Collections that are allocated to any Series of Notes on a Payment Date are not needed to make payments of principal of, or interest on, the Notes of such Series, such Collections shall be applied to cover principal payments due on the Notes of all other Series of Notes then Outstanding on a pro rata basis based on the Invested Percentages of such other Series of Notes. [THE REMAINDER OF ARTICLE 5 IS RESERVED AND MAY BE SPECIFIED IN ANY INDENTURE SUPPLEMENT WITH RESPECT TO ANY SERIES OF NOTES.]
Appears in 5 contracts
Samples: Base Indenture (Enova International, Inc.), Base Indenture Amendment (On Deck Capital, Inc.), Base Indenture (On Deck Capital, Inc.)
Allocations After Certain Events of Default. If all After each Outstanding Series of Investor Notes Outstanding shall have been declared to be immediately due and payable pursuant to Section 9.2 as a result of the occurrence of an Event of Default defined in clause (da) or (eb) of Section 9.1, then to the extent that Collections that are allocated to any Series of Investor Notes on a Payment Settlement Date are not needed to make payments of principal of, or interest on, the Investor Notes of such Series, such Collections shall be applied to cover principal payments due on the Investor Notes of all other Series of Notes then Outstanding on a pro rata basis based on the Invested Percentages of such other Series of Investor Notes. [THE REMAINDER OF ARTICLE 5 IS RESERVED AND MAY BE SPECIFIED IN ANY INDENTURE SUPPLEMENT WITH RESPECT TO ANY SERIES OF NOTESSERIES.]
Appears in 3 contracts
Samples: Base Indenture (PHH Corp), Supplemental Indenture (Greyhound Funding LLC), Base Indenture (Greyhound Funding LLC)
