Common use of Allocations and Payments after an Event of Default Clause in Contracts

Allocations and Payments after an Event of Default. On each Payment Date after the occurrence and during the continuance of an Event of Default, the Servicer, pursuant to monthly payment instructions and notification received by the Indenture Trustee no later than the related Determination Date, shall instruct the Indenture Trustee in writing to withdraw, and on such Payment Date the Indenture Trustee acting in accordance with such instructions shall withdraw, the amounts required to be withdrawn from the Collection Account pursuant to this Section and deposited to the Note Distribution Account (pursuant to Sections 3.01 and 8.02(b) of the Indenture) in order to make the following payments or allocations from the Available Amounts for such Payment Date (in each case, such payment or transfer to be made only to the extent funds remain available therefor after all prior payments and transfers for such Payment Date have been made), in the following order of priority:

Appears in 3 contracts

Samples: Transfer and Servicing Agreement (Greatamerica Leasing Receivables 2001-1 LLC), Transfer and Servicing Agreement (Greatamerica Leasing Receivables 2002-1 LLC), Transfer and Servicing Agreement (Greatamerica Leasing Receivables 2000-1 LLC)

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Allocations and Payments after an Event of Default. On each Payment Determination Date after the occurrence and during the continuance of an Event of Default, the Servicer, pursuant to monthly payment instructions and notification received by the Indenture Trustee no later than the related Determination Datenotification, shall instruct the Indenture Trustee in writing to withdraw, and on such Payment Distribution Date the Indenture Trustee acting in accordance with such instructions shall withdraw, the amounts required to be withdrawn from the Collection Account pursuant to this Section and deposited to the Note Distribution Account (pursuant to Sections 3.01 and 8.02(b) of the Indenture) in order to make the following payments or allocations from the Available Amounts for such Payment Distribution Date (in each case, such payment or transfer to be made only to the extent funds remain available therefor after all prior payments and transfers for such Payment Distribution Date have been made), in the following order of priority:

Appears in 3 contracts

Samples: Transfer and Servicing Agreement (Orix Credit Alliance Receivables Trust 2000-A), Transfer and Servicing Agreement (Orix Credit Alliance Receivables Trust 1999-A), Transfer and Servicing Agreement (Orix Credit Alliance Receivables Trust 2000 B)

Allocations and Payments after an Event of Default. On each Payment Determination Date after the occurrence and during the continuance of an Event of Default, the Servicer, pursuant to monthly payment instructions and notification received by the Indenture Trustee no later than the related Determination Datenotification, shall instruct the Indenture Trustee in writing to withdraw, and on such Payment the succeeding Distribution Date the Indenture Trustee acting in accordance with such instructions shall withdraw, the amounts required to be withdrawn from the Collection Account pursuant to this Section and deposited to the Note Distribution Account (pursuant to Sections 3.01 and 8.02(b) of the Indenture) in order to make the following payments or allocations from the Available Amounts for such Payment the related Distribution Date (in each case, such payment or transfer to be made only to the extent funds remain available therefor after all prior payments and transfers for such Payment Distribution Date have been made), in the following order of priority:

Appears in 2 contracts

Samples: Sale and Servicing Agreement (Heller Funding Corp Ii), Sale and Servicing Agreement (Heller Funding Corp)

Allocations and Payments after an Event of Default. On each Payment Determination Date after the occurrence and during the continuance of an Event of Default, the Servicer, pursuant to monthly payment instructions and notification received by the Indenture Trustee no later than the related Determination Datenotification, shall instruct the Indenture Trustee in writing to withdraw, and on such Payment the succeeding Distribution Date the Indenture Trustee acting in accordance with such instructions shall withdraw, the amounts required to be withdrawn from the Collection Account pursuant to this Section and and, with respect to the amounts described in clauses (iv) through (xii) below, deposited to the Note Distribution Account (pursuant to Sections 3.01 and 8.02(b) of the Indenture) in order to make the following payments or allocations from the Available Amounts Funds for such Payment the related Distribution Date (in each case, such payment or transfer to be made only to the extent funds remain available therefor after all prior payments and transfers for such Payment Distribution Date have been made), in the following order of priority:

Appears in 1 contract

Samples: Sale and Servicing Agreement (Fidelity Leasing Inc)

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Allocations and Payments after an Event of Default. On each Payment Determination Date after the occurrence and during the continuance of an Event of Default, the Servicer, pursuant to monthly payment instructions and notification received by the Indenture Trustee no later than the related Determination Datenotification, shall instruct the Indenture Trustee in writing to withdraw, and on such Payment the succeeding Distribution Date the Indenture Trustee acting in accordance with such instructions shall withdraw, the amounts required to be withdrawn from the Collection Account and Reserve Fund, if necessary, pursuant to this Section and deposited to the Note Distribution Account (pursuant to Sections 3.01 and 8.02(b) of the Indenture) in order to make the following payments or allocations from the Available Amounts for such Payment the related Distribution Date (in each case, such payment or transfer to be made only to the extent funds remain available therefor after all prior payments and transfers for such Payment Distribution Date have been made), in the following order of priority:

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Newcourt Receivables Corp Ii)

Allocations and Payments after an Event of Default. On each Payment Date after the occurrence and during the continuance of an Event of Default, the Servicer, pursuant to monthly payment instructions and notification received by the Indenture Trustee no later than the related Determination Datenotification, shall instruct the Indenture Trustee in writing to withdraw, and on such Payment Date the Indenture Trustee acting in accordance with such instructions shall withdraw, the amounts required to be withdrawn from the Collection Account pursuant to this Section and deposited to the Note Distribution Account (pursuant to Sections 3.01 and 8.02(b) of the Indenture) in order to make the following payments or allocations from the Available Amounts for such Payment Date (in each case, such payment or transfer to be made only to the extent funds remain available therefor after all prior payments and transfers for such Payment Date have been made), in the following order of priority:

Appears in 1 contract

Samples: Transfer and Servicing Agreement (Greatamerica Leasing Receivables 2000-1 LLC)

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