Allocations for Noteholders Clause Samples
The "Allocations for Noteholders" clause defines how payments, profits, or other financial distributions are assigned to individuals or entities holding notes issued by a company or trust. Typically, this clause outlines the order and proportion in which noteholders receive their share of funds, which may depend on the class or seniority of the notes they hold. For example, senior noteholders might be paid before junior noteholders, or allocations may be made pro rata among all holders. The core function of this clause is to ensure transparency and fairness in the distribution of financial returns, reducing disputes and clarifying the rights of each noteholder.
Allocations for Noteholders. On each Deposit Date, the Issuer shall allocate the Collections deposited into the Collection Account on such Deposit Date in accordance with this Article 5 and shall instruct the Indenture Trustee to withdraw the required amounts from the Collection Account and make the required deposits in any Series Account in accordance with this Article 5, as modified by any Indenture Supplement. The Issuer shall make such deposits or payments on the date indicated therein in immediately available funds or as otherwise provided in the Indenture Supplement for any Series of Notes. The Issuer has agreed to furnish to the Indenture Trustee or the Paying Agent, as applicable, written instructions to make the aforementioned withdrawals and payments from the Collection Account and any Series Accounts specified herein or in any Indenture Supplement. The Indenture Trustee and the Paying Agent shall promptly follow any such written instructions.
Allocations for Noteholders. On each day on which Collections are deposited into the Collection Account, HVF shall allocate Collections deposited into the Collection Account in accordance with this Article 5 and shall instruct the Trustee in writing to withdraw the required amounts from the Collection Account and make the required deposits in any Series Account in accordance with this Article 5, as modified by any Series Supplement. HVF shall make such deposits or payments on the date indicated therein in immediately available funds or as otherwise provided in the applicable Series Supplement. If, on any date on which Collections are deposited into the Collection Account or Collections are otherwise on deposit in the Collection Account, there are unpaid Ford Reimbursement Obligations, HVF shall apply any such Collections not allocable to any Series pursuant to a Series Supplement to pay such unpaid Ford Reimbursement Obligations by instructing the Trustee in writing to withdraw from the Collection Account and pay to Ford an amount equal to the lesser of such unpaid Ford Reimbursement Obligations and the amount of Collections deposited into or on deposit in the Collection Account on such date that are not allocable to any Series pursuant to any Series Supplement.
Allocations for Noteholders. On each day on which Collections are deposited into the Collection Account, ZVF shall allocate Collections deposited into the Collection Account in accordance with this Article 5 and shall instruct the Trustee in writing to withdraw the required amounts from the Collection Account and make the required deposits in any Series Account in accordance with this Article 5, as modified by any Series Supplement. ZVF shall make such deposits or payments on the date indicated therein in immediately available funds or as otherwise provided in the applicable Series Supplement for any Series of Notes.
Allocations for Noteholders. On each day on which Collections are deposited into the Collection Account, BTF shall allocate Collections deposited into the Collection Account in accordance with this Article 5 and shall instruct the Trustee to withdraw the required amounts from the Collection Account and make the required deposits in any Series Account in accordance with this Article 5, as modified by any Series Supplement. BTF shall make such deposits or payments on the date indicated therein in immediately available funds or as otherwise provided in the applicable Series Supplement.
Allocations for Noteholders. On each day on which Collections are deposited into the Collection Account, HVF III shall allocate Collections deposited into the Collection Account in accordance with this Article V (Allocation and Application of Collections) and shall instruct the Trustee in writing to withdraw the required amounts from the Collection Account and make the required deposits in any Series Account in accordance with this Article V (Allocation and Application of Collections), as modified by each Series Supplement. HVF III shall make such deposits or payments on the date indicated therein in immediately available funds or as otherwise provided in the applicable Series Supplement for any Series of Notes.
Allocations for Noteholders. On each day on which Collections are deposited into the Collection Account, CPF shall, upon identification of the Collections, allocate Collections deposited into the Collection Account in accordance with this Article 5 and shall instruct the Trustee to withdraw the required amounts from the Collection Account and make the required deposits in any Series Account (including, without limitation, the Group Collection Account for each Group) in accordance with this Article 5, as modified by the Series Supplement for any Series of Notes. CPF shall make such deposits or payments on the date indicated therein in immediately available funds or as otherwise provided in the Series Supplement for any Series of Notes.