Allocations with Respect to the Series. 2014-1 Notes. On the Series 2014-1 Closing Date, $14,700,000 of the net proceeds from the initial sale of the Series 2014-1 Notes will be deposited into the Senior Notes Interest Reserve Account and the remainder of the net proceeds from the sale of the Series 2014-1 Notes will be paid to, or at the direction of, the Co-Issuers.
Allocations with Respect to the Series. 2010-1 Notes. The net proceeds from the initial sale of the Series 2010-1 Notes were deposited and any Increase with respect to the Series 2010-1 Notes shall be deposited into the Collection Account and shall be allocated in accordance with clause (a)(ii) of this Section 3.2 below. All amounts payable to ZVF under the Series 2010-1 Interest Rate Caps will be deposited into the Series 2010-1 Collection Account. On each Business Day on which the proceeds of any Increase or Collections are deposited into the Collection Account (each such date, a “Series 2010-1 Deposit Date”), the Administrator will direct the Trustee in writing pursuant to the Administration Agreement to apply from all amounts deposited into the Collection Account in accordance with the provisions of this Section 3.2:
Allocations with Respect to the Series. 2003-1 NOTES. The net proceeds from the initial sale of the Series 2003-1 Notes and any Increase will be deposited into the Collection Account. On each Business Day on which Collections are deposited into the Collection Account (each such date, a "SERIES 2003-1 DEPOSIT DATE"), the Administrator will direct the Trustee in writing pursuant to the Administration Agreement to allocate all amounts deposited into the Collection Account in accordance with the provisions of this Section 3.2:
(a) ALLOCATIONS OF COLLECTIONS DURING THE SERIES 2003-1 REVOLVING PERIOD. During the Series 2003-1 Revolving Period, the Administrator will direct the Trustee in writing pursuant to the Administration Agreement to allocate on each day, prior to 11:00 a.m. (New York City time) on each Series 2003-1 Deposit Date, all amounts deposited into the Collection Account as set forth below:
(i) allocate to the Series 2003-1 Collection Account an amount equal to the Series 2003-1 Invested Percentage (as of such day) of the aggregate amount of Interest Collections on such day. All such amounts allocated to the Series 2003-1 Collection Account shall be further allocated to the Series 2003-1 Accrued Interest Account; and
(ii) allocate to the Series 2003-1 Excess Collection Account the sum of (A) the Series 2003-1 Invested Percentage (as of such day) of the aggregate amount of Principal Collections on such day (for any such day, the "SERIES 2003-1 -19- PRINCIPAL ALLOCATION") and (B) the proceeds from the initial issuance of the Series 2003-1 Notes and from any Increase;
(b) ALLOCATIONS OF COLLECTIONS DURING THE SERIES 2003-1 AMORTIZATION PERIOD. With respect to the Series 2003-1 Amortization Period, other than after the occurrence of an Event of Bankruptcy with respect to ARAC, any other Lessee or AGH, 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 2003-1 Deposit Date, all amounts deposited into the Collection Account as set forth below:
(i) allocate to the Series 2003-1 Collection Account an amount determined as set forth in Section 3.2(a)(i) above for such day, which amount shall be further allocated to the Series 2003-1 Accrued Interest Account; and
(ii) allocate to the Series 2003-1 Collection Account an amount equal to the Series 2003-1 Principal Allocation for such day, which amount shall be used to make principal payments in respect of the Series 2003-1 Notes, ratably, wit...
Allocations with Respect to the Series. 2010-1 Notes. All allocations in this Section 4.7 will be made in accordance with written direction of the Master Servicer. The proceeds from the sale of the Series 2010-1 Notes (or the initial Increase, as applicable), together with any funds deposited with RCFC by DTAG in its capacity as the Retained Interestholder in connection with such issuance, will, on the Series 2010-1 Closing Date, be deposited by the Trustee into the Group V Collection Account and, concurrently with such initial deposit, allocated by the Trustee to the Series 2010-1 Excess Funding Account. On each Business Day on which Collections are deposited into the Group V Collection Account (each such date, a “Series 2010-1 Deposit Date”), the Master Servicer will direct the Trustee in writing to allocate all amounts deposited into the Group V Collection Account in accordance with the provisions of this Section 4.7:
Allocations with Respect to the Series. 1997-1 NOTES. The proceeds from the initial sale of the Series 1997-1 Notes will be deposited into the Collection Account. On each Business Day on which Collections are deposited into the Collection Account (each such date, a "Series 1997-1 Deposit Date"), the Administrator will direct the Trustee in writing pursuant to the Administration Agreement to allocate all amounts deposited into the Collection Account in accordance with the provisions of this Section 2.2:
Allocations with Respect to the Series. 2007-1 Notes. All allocations in this Section 4.7 will be made in accordance with written direction of the Master Servicer or, if the Master Servicer shall fail to provide written direction, in accordance with the written direction of the Series 2007-1 Insurer (which the Series 2007-1 Insurer may provide in its sole discretion). The proceeds from the sale of the Series 2007-1 Notes, together with any funds deposited with RCFC by DTAG in its capacity as the Retained Interestholder, will, on the Series 2007-1 Closing Date, be deposited by the Trustee into the Group IV Collection Account and, concurrently with such initial deposit, allocated by the Trustee to the Series 2007-1 Excess Funding Account. On each Business Day on which Collections are deposited into the Group IV Collection Account (each such date, a “Series 2007-1 Deposit Date”), the Master Servicer or, if the Master Servicer shall fail to so direct the Trustee, the Series 2007-1 Insurer will direct the Trustee in writing to allocate all amounts deposited into the Group IV Collection Account in accordance with the provisions of this Section 4.7. If the Series 2007-1 Insurer elects in its sole discretion, to provide to the Trustee any direction under this Section 4.7, the Series 2007-1 Insurer shall provide to the Master Servicer one (1) Business Day prior written notice thereof; provided, that the failure of the Series 2007-1 Insurer to provide such notice to the Master Servicer shall not effect the Series 2007-1 Insurer’s right to provide direction to the Trustee.
Allocations with Respect to the Series. 2022-1 Class A-2 Notes. On the Series 2022-1 Closing Date, net proceeds from the initial sale of the Series 2022-1 Class A-2 Notes shall be used by the Master Issuer, together with other available funds of the Master Issuer, to pay transaction expenses in connection with the issuance of the Series 2022-1 Class A-2 Notes and the remainder of such net proceeds shall be paid to, or at the direction of, the Master Issuer.
Allocations with Respect to the Series. 2021-1 Class A-2 Notes. On or after the Series 2021-1 Closing Date, the Co-Issuers shall arrange an amendment to the Interest Reserve Letter of Credit issued under the Series 2019-3 Class A-1 Note Purchase Agreement on the Series 2019-3 Closing Date increasing the stated amount thereunder. Such Interest Reserve Letter of Credit shall satisfy the Co-Issuers’ requirement to maintain (i) funds in the Senior Notes Interest Reserve Accounts, or (ii) a letter of credit, or a combination thereof, in an aggregate amount equal to the Senior Notes Interest Reserve Amount, as calculated after giving effect to the issuance of the Series 2021-1 Class A-2 Notes. Such amended Interest Reserve Letter of Credit shall replace any pre-existing deposits or Interest Reserve Letters of Credit in respect of required interest reserve amounts for the Series 2018-1 Notes, the Series 2019-1 Notes, the Series 2019-2 Notes, the Series 2019-3 Notes, the Series 2020-1 Notes and the Series 2020-2 Notes.
Allocations with Respect to the Series. 2010-1 Notes. The net proceeds from the initial sale of the Series 2010-1 Notes shall be deposited into the Series 2010-1 Excess Collection Account on the Series 2010-1 Closing Date and shall be applied pursuant to Section 2.2(f) of this Series Supplement. On each Business Day on which Collections are deposited into the Collection Account (each such date, a “Series 2010-1 Deposit Date”), the Administrator will direct the Trustee in writing pursuant to the Administration Agreement to apply from all amounts deposited into the Collection Account in accordance with the provisions of this Section 2.2:
Allocations with Respect to the Series. 2021-1 Notes. On the Series 2021-1 Closing Date, net proceeds from the initial sale of the Series 2021-1 Notes will be used by the Master Issuer, together with other available funds of the Master Issuer, to prepay $471,250,000 Series 2015-1 Class A-2-III Notes and $434,250,000 of Series 2018-1 Class A-2-I Notes. The remainder of such net proceeds will be paid to, or at the direction of, the Master Issuer.
