Common use of Allocations of Collections Clause in Contracts

Allocations of Collections. During the Series 2020-2 Rapid Amortization Period. With respect to the Series 2020-2 Rapid Amortization Period, other than after the occurrence of an Event of Bankruptcy with respect to ABCR, any other Lessee or any Permitted Sublessee, the Administrator will direct the Trustee in writing pursuant to the Administration Agreement to allocate, prior to 11:00 a.m. (New York City time) on any Series 2020-2 Deposit Date, all amounts deposited into the Collection Account as set forth below: (i) allocate to the Series 2020-2 Collection Account an amount determined as set forth in Section 2.2(a)(i) above for such day, which amount shall be further allocated to the Series 2020-2 Accrued Interest Account; and (ii) allocate to the Series 2020-2 Collection Account an amount equal to the Series 2020-2 Principal Allocation for such day, which amount shall be used in accordance with Section 2.5 to make principal payments in respect of the Class A Notes until the Class A Notes have been paid in full, and after the Class A Notes have been paid in full shall be used to make principal payments in respect of the Class B Notes until the Class B Notes have been paid in full, and after the Class A Notes and Class B Notes have been paid in full shall be used to make principal payments in respect of the Class C Notes until the Class C Notes have been paid in full, and after the Class A Notes, the Class B Notes and the Class C Notes have been paid in full (including interest thereon) shall be used to make principal payments in respect of the Class R Notes until the Class R Notes have been paid in full; provided, however, that if on any Determination Date (A) the Administrator determines that the amount anticipated to be available from Interest Collections allocable to the Series 2020-2 Notes and other amounts available pursuant to Section 2.3 to pay the sum of (x) the Series 2020-2 Senior Monthly Interest for the next succeeding Distribution Date and (y) any unpaid Series 2020-2 Shortfall on such Distribution Date (together with interest on such Series 2020-2 Shortfall) will be less than the sum of (I) the Series 2020-2 Senior Monthly Interest for such Distribution Date and (II) such Series 2020-2 Shortfall (together with interest thereon) and (B) the Series 2020-2 Enhancement Amount is greater than zero, then the Administrator shall direct the Trustee in writing to reallocate a portion of the Principal Collections allocated to the Series 2020-2 Notes during the Related Month equal to the lesser of such insufficiency and the Series 2020-2 Enhancement Amount to the Series 2020-2 Accrued Interest Account to be treated as Interest Collections on such Distribution Date; provided further, however, that if on any Determination Date the Administrator determines that, after giving effect the preceding proviso, the amount anticipated to be available from Interest Collections allocable to the Series 2020-2 Notes and other amounts available pursuant to Section 2.3 to pay the sum of (x) the Series 2020-2 Senior Monthly Interest for the next succeeding Distribution Date and (y) any unpaid Series 2020-2 Shortfall on such Distribution Date (together with interest on such Series 2020-2 Shortfall) will be less than the sum of (I) the Series 2020-2 Senior Monthly Interest for such Distribution Date and (II) such Series 2020-2 Shortfall (together with interest thereon), then the Administrator shall direct the Trustee in writing to reallocate a portion of the Principal Collections allocated to the Series 2020-2 Notes during the Related Month equal to the lesser of (1) the amount of such Principal Collections that is anticipated to remain after the payment of the Series 2020-2 Senior Invested Amount in full, and (2) any such interest due and owing in respect of the Class A Notes, the Class B Notes or the Class C Notes to the 2020-2 Accrued Interest Account to be treated as Interest Collections on such Distribution Date.

Allocations of Collections. During the Series 20202019-2 Rapid Amortization Period. With respect to the Series 20202019-2 Rapid Amortization Period, other than after the occurrence of an Event of Bankruptcy with respect to ABCR, any other Lessee or any Permitted Sublessee, the Administrator will direct the Trustee in writing pursuant to the Administration Agreement to allocate, prior to 11:00 a.m. (New York City time) on any Series 20202019-2 Deposit Date, all amounts deposited into the Collection Account as set forth below: (i) allocate to the Series 20202019-2 Collection Account an amount determined as set forth in Section 2.2(a)(i) above for such day, which amount shall be further allocated to the Series 20202019-2 Accrued Interest Account; and (ii) allocate to the Series 20202019-2 Collection Account an amount equal to the Series 20202019-2 Principal Allocation for such day, which amount shall be used in accordance with Section 2.5 to make principal payments in respect of the Class A Notes until the Class A Notes have been paid in full, and and, after the Class A Notes have been paid in full full, shall be used to make principal payments in respect of the Class B Notes until the Class B Notes have been paid in full, and and, after the Class A Notes and Class B Notes have been paid in full full, shall be used to make principal payments in respect of the Class C Notes until the Class C Notes have been paid in full, and and, after the Class A Notes, the Class B Notes, and the Class C Notes have been paid in full, shall be used to make principal payments in respect of the Class D Notes until the Class D Notes have been paid in full and, after the Class A Notes, the Class B Notes, the Class C Notes and the Class C D Notes have been paid in full (including interest thereon) ), shall be used to make principal payments in respect of the Class R Notes until the Class R Notes have been paid in full; provided, however, that if on any Determination Date (A) the Administrator determines that the amount anticipated to be available from Interest Collections allocable to the Series 20202019-2 Notes and other amounts available pursuant to Section 2.3 to pay the sum of (x) the Series 2020-2 Senior Class A Monthly Interest, the Class B Monthly Interest for and the next succeeding Class C Monthly Interest on the related Distribution Date Date, and (y) any unpaid Series 2020-2 Class A Shortfall, Class B Shortfall and Class C Shortfall on such Distribution Date (together with interest on such Series 2020-2 Class A Shortfall) , Class B Shortfall and Class C Shortfall), will be less than the sum of (I) the Series 2020-2 Senior Class A Monthly Interest for such Distribution Date, (II) the Class B Monthly Interest for such Distribution Date, (III) the Class C Monthly Interest for such Distribution Date and (IIIV) such Series 2020-2 Class A Shortfall, Class B Shortfall and Class C Shortfall (together with interest thereon) and (B) the Series 2020-2 Class A/B/C Enhancement Amount is greater than zero, then the Administrator shall direct the Trustee in writing to reallocate a portion of the Principal Collections allocated to the Series 20202019-2 Notes during the Related Month equal to the lesser of such insufficiency and the Series 2020-2 Class A/B/C Enhancement Amount to the Series 20202019-2 Accrued Interest Account to be treated as Interest Collections on such Distribution Date; provided provided, further, however, that if on any Determination Date with respect to a Distribution Date on which the Class A Notes, the Class B Notes and the Class C Notes will no longer be outstanding (after giving effect to all anticipated reductions in the Class A Invested Amount, the Class B Invested Amount and the Class C Invested Amount on such Distribution Date) (A) the Administrator determines that, after giving effect the preceding proviso, that the amount anticipated to be available from Interest Collections allocable to the Series 20202019-2 Notes and other amounts available pursuant to Section 2.3 to pay the sum of (x) the Series 2020-2 Senior Class D Monthly Interest for on the next succeeding related Distribution Date Date, and (y) any unpaid Series 2020-2 Class D Shortfall on such Distribution Date (together with interest on such Series 2020-2 Shortfall) thereon), will be less than the sum of (I) the Series 2020-2 Senior Class D Monthly Interest for such Distribution Date and (II) such Series 2020-2 Class D Shortfall (together with interest thereon)) and (B) the Class D Enhancement Amount is greater than zero, then the Administrator shall direct the Trustee in writing to reallocate a portion of the Principal Collections allocated to the Series 20202019-2 Notes during the Related Month equal to the lesser of (1) such insufficiency and the amount of such Principal Collections that is anticipated Class D Enhancement Amount to remain after the payment of the Series 2020-2 Senior Invested Amount in full, and (2) any such interest due and owing in respect of the Class A Notes, the Class B Notes or the Class C Notes to the 20202019-2 Accrued Interest Account to be treated as Interest Collections on such Distribution Date.

Allocations of Collections. During the Series 2020-2 1 Rapid Amortization Period. With respect to the Series 2020-2 1 Rapid Amortization Period, other than after the occurrence of an Event of Bankruptcy with respect to ABCR, any other Lessee or any Permitted Sublessee, the Administrator will direct the Trustee in writing pursuant to the Administration Agreement to allocate, prior to 11:00 a.m. (New York City time) on any Series 2020-2 1 Deposit Date, all amounts deposited into the Collection Account as set forth below: (i) allocate to the Series 2020-2 1 Collection Account an amount determined as set forth in Section 2.2(a)(i) above for such day, which amount shall be further allocated to the Series 2020-2 1 Accrued Interest Account; and (ii) allocate to the Series 2020-2 1 Collection Account an amount equal to the Series 2020-2 1 Principal Allocation for such day, which amount shall be used in accordance with Section 2.5 to make principal payments in respect of the Class A Notes until the Class A Notes have been paid in full, and and, after the Class A Notes have been paid in full full, shall be used to make principal payments in respect of the Class B Notes until the Class B Notes have been paid in full, and and, after the Class A Notes and Class B Notes have been paid in full full, shall be used to make principal payments in respect of the Class C Notes until the Class C Notes have been paid in full, and and, after the Class A Notes, the Class B Notes, and the Class C Notes have been paid in full, shall be used to make principal payments in respect of the Class D Notes until the Class D Notes have been paid in full and, after the Class A Notes, the Class B Notes, the Class C Notes and the Class C D Notes have been paid in full (including interest thereon) ), shall be used to make principal payments in respect of the Class R Notes until the Class R Notes have been paid in full; provided, however, that if on any Determination Date (A) the Administrator determines that the amount anticipated to be available from Interest Collections allocable to the Series 2020-2 1 Notes and other amounts available pursuant to Section 2.3 to pay the sum of (x) the Series 2020-2 Senior Class A Monthly Interest, the Class B Monthly Interest for and the next succeeding Class C Monthly Interest on the related Distribution Date Date, and (y) any unpaid Series 2020-2 Class A Shortfall, Class B Shortfall and Class C Shortfall on such Distribution Date (together with interest on such Series 2020-2 Class A Shortfall) , Class B Shortfall and Class C Shortfall), will be less than the sum of (I) the Series 2020-2 Senior Class A Monthly Interest for such Distribution Date, (II) the Class B Monthly Interest for such Distribution Date, (III) the Class C Monthly Interest for such Distribution Date and (IIIV) such Series 2020-2 Class A Shortfall, Class B Shortfall and Class C Shortfall (together with interest thereon) and (B) the Series 2020-2 Class A/B/C Enhancement Amount is greater than zero, then the Administrator shall direct the Trustee in writing to reallocate a portion of the Principal Collections allocated to the Series 2020-2 1 Notes during the Related Month equal to the lesser of such insufficiency and the Series 2020-2 Class A/B/C Enhancement Amount to the Series 2020-2 1 Accrued Interest Account to be treated as Interest Collections on such Distribution Date; provided provided, further, however, that if on any Determination Date with respect to a Distribution Date on which the Class A Notes, the Class B Notes and the Class C Notes will no longer be outstanding (after giving effect to all anticipated reductions in the Class A Invested Amount, the Class B Invested Amount and the Class C Invested Amount on such Distribution Date) (A) the Administrator determines that, after giving effect the preceding proviso, that the amount anticipated to be available from Interest Collections allocable to the Series 2020-2 1 Notes and other amounts available pursuant to Section 2.3 to pay the sum of (x) the Series 2020-2 Senior Class D Monthly Interest for on the next succeeding related Distribution Date and (y) any unpaid Series 2020-2 Class D Shortfall on such Distribution Date (together with interest on such Series 2020-2 Shortfall) thereon), will be less than the sum of (I) the Series 2020-2 Senior Class D Monthly Interest for such Distribution Date and (II) such Series 2020-2 Class D Shortfall (together with interest thereon)) and (B) the Class D Enhancement Amount is greater than zero, then the Administrator shall direct the Trustee in writing to reallocate a portion of the Principal Collections allocated to the Series 2020-2 1 Notes during the Related Month equal to the lesser of (1) such insufficiency and the amount of such Principal Collections that is anticipated Class D Enhancement Amount to remain after the payment of the Series 2020-2 Senior Invested Amount in full, and (2) any such interest due and owing in respect of the Class A Notes, the Class B Notes or the Class C Notes to the 2020-2 1 Accrued Interest Account to be treated as Interest Collections on such Distribution Date.

Allocations of Collections. During the Series 20202021-2 Rapid Amortization Period. With respect to the Series 20202021-2 Rapid Amortization Period, other than after the occurrence of an Event of Bankruptcy with respect to ABCR, any other Lessee or any Permitted Sublessee, the Administrator will direct the Trustee in writing pursuant to the Administration Agreement to allocate, prior to 11:00 a.m. (New York City time) on any Series 20202021-2 Deposit Date, all amounts deposited into the Collection Account as set forth below: (i) allocate to the Series 20202021-2 Collection Account an amount determined as set forth in Section 2.2(a)(i) above for such day, which amount shall be further allocated to the Series 20202021-2 Accrued Interest Account; and (ii) allocate to the Series 20202021-2 Collection Account an amount equal to the Series 20202021-2 Principal Allocation for such day, which amount shall be used in accordance with Section 2.5 to make principal payments in respect of the Class A Notes until the Class A Notes have been paid in full, and after the Class A Notes have been paid in full shall be used to make principal payments in respect of the Class B Notes until the Class B Notes have been paid in full, and after the Class A Notes and the Class B Notes have been paid in full shall be used to make principal payments in respect of the Class C Notes until the Class C Notes have been paid in full, and after the Class A Notes, the Class B Notes and the Class C Notes have been paid in full shall be used to make principal payments in respect of the Class D Notes until the Class D Notes have been paid in full, and after the Class A Notes, the Class B Notes, the Class C Notes and the Class D Notes have been paid in full (including interest thereon) shall be used to make principal payments in respect of the Class R Notes until the Class R Notes have been paid in full; provided, however, that if on any Determination Date (A) the Administrator determines that the amount anticipated to be available from Interest Collections allocable to the Series 20202021-2 Notes and other amounts available pursuant to Section 2.3 to pay the sum of (x) the Series 20202021-2 Senior Monthly Interest for the next succeeding Distribution Date and (y) any unpaid Series 20202021-2 Shortfall on such Distribution Date (together with interest on such Series 20202021-2 Shortfall) will be less than the sum of (I) the Series 20202021-2 Senior Monthly Interest for such Distribution Date and (II) such Series 20202021-2 Shortfall (together with interest thereon) and (B) the Series 20202021-2 Enhancement Amount is greater than zero, then the Administrator shall direct the Trustee in writing to reallocate a portion of the Principal Collections allocated to the Series 20202021-2 Notes during the Related Month equal to the lesser of such insufficiency and the Series 20202021-2 Enhancement Amount to the Series 20202021-2 Accrued Interest Account to be treated as Interest Collections on such Distribution Date; provided further, however, that if on any Determination Date the Administrator determines that, after giving effect the preceding proviso, the amount anticipated to be available from Interest Collections allocable to the Series 20202021-2 Notes and other amounts available pursuant to Section 2.3 to pay the sum of (x) the Series 20202021-2 Senior Monthly Interest for the next succeeding Distribution Date and (y) any unpaid Series 20202021-2 Shortfall on such Distribution Date (together with interest on such Series 20202021-2 Shortfall) will be less than the sum of (I) the Series 20202021-2 Senior Monthly Interest for such Distribution Date and (II) such Series 20202021-2 Shortfall (together with interest thereon), then the Administrator shall direct the Trustee in writing to reallocate a portion of the Principal Collections allocated to the Series 20202021-2 Notes during the Related Month equal to the lesser of (1) the amount of such Principal Collections that is anticipated to remain after the payment of the Series 20202021-2 Senior Invested Amount in full, and (2) any such interest due and owing in respect of the Class A Notes, the Class B Notes, the Class C Notes or the Class C D Notes to the 20202021-2 Accrued Interest Account to be treated as Interest Collections on such Distribution Date.

Allocations of Collections. During the Series 2020DURING THE SERIES 2002-2 Rapid Amortization PeriodAMORTIZATION PERIOD. With respect to the Series 20202002-2 Rapid Amortization Period, other than after the occurrence of an Event of Bankruptcy with respect to ABCRARAC, any other Lessee or any Permitted SublesseeAGH, the Administrator will direct the Trustee in writing pursuant to the Administration Agreement to allocate, prior to 11:00 a.m. (New York City time) on any Series 20202002-2 Deposit Date, all amounts deposited into the Collection Account as set forth below: (i) allocate to the Series 20202002-2 Collection Account an amount determined as set forth in Section 2.2(a)(i3.2(a)(i) above for such day, which amount shall be further allocated to the Series 20202002-2 Accrued Interest Account; and (ii) allocate to the Series 20202002-2 Collection Account an amount equal to the Series 20202002-2 Principal Allocation for such day, which amount shall be used in accordance with Section 2.5 to make principal payments in respect of the Class A Notes Series 2002-2 Notes, ratably, without preference or priority of any kind, until the Class A Notes have been paid in full, and after the Class A Notes have been paid in full shall be used to make principal payments in respect of the Class B Notes until the Class B Notes have been paid in full, and after the Class A Notes and Class B Notes have been paid in full shall be used to make principal payments in respect of the Class C Notes until the Class C Notes have been paid in full, and after the Class A Notes, the Class B Notes and the Class C Notes have been paid in full (including interest thereon) shall be used to make principal payments in respect of the Class R Notes until the Class R Notes have been Series 2002-2 Invested Amount is paid in full; provided, however, PROVIDED that if on any Determination Date (A) the Administrator determines that the amount anticipated to be available from Interest Collections allocable to the Series 20202002-2 Notes Notes, Series 2002-2 Interest Rate Cap Proceeds and other amounts available pursuant to Section 2.3 3.3 to pay the sum of (x) the Series 20202002-2 Senior Monthly Interest for and the Commitment Fees on the next succeeding Distribution Date and (y) any unpaid Series 2020-2 Shortfall on such Distribution Date (together with interest on such Series 2020-2 Shortfall) will be less than the sum of (I) Series 2002-2 Monthly Interest and Commitment Fees for the Series 20202002-2 Senior Monthly Interest for Period ending on the day preceding such -38- Distribution Date and (II) such Series 2020-2 Shortfall (together with interest thereon) and (B) the Series 20202002-2 Enhancement Amount is greater than zero, then the Administrator shall direct the Trustee in writing to reallocate a portion of the Principal Collections allocated to the Series 20202002-2 Notes during the Related Month equal to the lesser of such insufficiency and the Series 20202002-2 Enhancement Amount to the Series 2020-2 Accrued Interest Account to be treated as Interest Collections on such Distribution Date; provided further, however, that if on any Determination Date the Administrator determines that, after giving effect the preceding proviso, the amount anticipated to be available from Interest Collections allocable to the Series 2020-2 Notes and other amounts available pursuant to Section 2.3 to pay the sum of (x) the Series 2020-2 Senior Monthly Interest for the next succeeding Distribution Date and (y) any unpaid Series 2020-2 Shortfall on such Distribution Date (together with interest on such Series 2020-2 Shortfall) will be less than the sum of (I) the Series 2020-2 Senior Monthly Interest for such Distribution Date and (II) such Series 2020-2 Shortfall (together with interest thereon), then the Administrator shall direct the Trustee in writing to reallocate a portion of the Principal Collections allocated to the Series 2020-2 Notes during the Related Month equal to the lesser of (1) the amount of such Principal Collections that is anticipated to remain after the payment of the Series 2020-2 Senior Invested Amount in full, and (2) any such interest due and owing in respect of the Class A Notes, the Class B Notes or the Class C Notes to the 20202002-2 Accrued Interest Account to be treated as Interest Collections on such Distribution Date.

Allocations of Collections. During the Series 20202021-2 1 Rapid Amortization Period. With respect to the Series 20202021-2 1 Rapid Amortization Period, other than after the occurrence of an Event of Bankruptcy with respect to ABCR, any other Lessee or any Permitted Sublessee, the Administrator will direct the Trustee in writing pursuant to the Administration Agreement to allocate, prior to 11:00 a.m. (New York City time) on any Series 20202021-2 1 Deposit Date, all amounts deposited into the Collection Account as set forth below: (i) allocate to the Series 20202021-2 1 Collection Account an amount determined as set forth in Section 2.2(a)(i) above for such day, which amount shall be further allocated to the Series 20202021-2 1 Accrued Interest Account; and (ii) allocate to the Series 20202021-2 1 Collection Account an amount equal to the Series 20202021-2 1 Principal Allocation for such day, which amount shall be used in accordance with Section 2.5 to make principal payments in respect of the Class A Notes until the Class A Notes have been paid in full, and after the Class A Notes have been paid in full shall be used to make principal payments in respect of the Class B Notes until the Class B Notes have been paid in full, and after the Class A Notes and the Class B Notes have been paid in full shall be used to make principal payments in respect of the Class C Notes until the Class C Notes have been paid in full, and after the Class A Notes, the Class B Notes and the Class C Notes have been paid in full shall be used to make principal payments in respect of the Class D Notes until the Class D Notes have been paid in full, and after the Class A Notes, the Class B Notes, the Class C Notes and the Class D Notes have been paid in full (including interest thereon) shall be used to make principal payments in respect of the Class R Notes until the Class R Notes have been paid in full; provided, however, that if on any Determination Date (A) the Administrator determines that the amount anticipated to be available from Interest Collections allocable to the Series 20202021-2 1 Notes and other amounts available pursuant to Section 2.3 to pay the sum of (x) the Series 20202021-2 1 Senior Monthly Interest for the next succeeding Distribution Date and (y) any unpaid Series 20202021-2 1 Shortfall on such Distribution Date (together with interest on such Series 20202021-2 1 Shortfall) will be less than the sum of (I) the Series 20202021-2 1 Senior Monthly Interest for such Distribution Date and (II) such Series 20202021-2 1 Shortfall (together with interest thereon) and (B) the Series 20202021-2 1 Enhancement Amount is greater than zero, then the Administrator shall direct the Trustee in writing to reallocate a portion of the Principal Collections allocated to the Series 20202021-2 1 Notes during the Related Month equal to the lesser of such insufficiency and the Series 20202021-2 1 Enhancement Amount to the Series 20202021-2 1 Accrued Interest Account to be treated as Interest Collections on such Distribution Date; provided further, however, that if on any Determination Date the Administrator determines that, after giving effect the preceding proviso, the amount anticipated to be available from Interest Collections allocable to the Series 20202021-2 1 Notes and other amounts available pursuant to Section 2.3 to pay the sum of (x) the Series 20202021-2 1 Senior Monthly Interest for the next succeeding Distribution Date and (y) any unpaid Series 20202021-2 1 Shortfall on such Distribution Date (together with interest on such Series 20202021-2 1 Shortfall) will be less than the sum of (I) the Series 20202021-2 1 Senior Monthly Interest for such Distribution Date and (II) such Series 20202021-2 1 Shortfall (together with interest thereon), then the Administrator shall direct the Trustee in writing to reallocate a portion of the Principal Collections allocated to the Series 20202021-2 1 Notes during the Related Month equal to the lesser of (1) the amount of such Principal Collections that is anticipated to remain after the payment of the Series 20202021-2 1 Senior Invested Amount in full, and (2) any such interest due and owing in respect of the Class A Notes, the Class B Notes, the Class C Notes or the Class C D Notes to the 20202021-2 1 Accrued Interest Account to be treated as Interest Collections on such Distribution Date.