Application of Cash Collected. Any Cash collected by the Collateral Agent with respect to the Obligations pursuant to this Article IX and any Cash that may then be held or thereafter received by the Collateral Agent with respect to the Obligations hereunder shall be applied in accordance with Section 2.8, at the date or dates fixed by the Collateral Agent; provided, that (a) subject to clause (b), no such date may be fixed by the Collateral Agent unless the Collateral Agent has given the Borrower no fewer than two (2) Business Days’ prior written notice of such date, which notice shall set forth in reasonable detail the expected applications of Cash on such date and (b) no failure by the Collateral Agent to deliver the notice required pursuant to the foregoing clause (a) will affect the application of funds in the Collection Accounts pursuant to Section 2.8 on the next succeeding Payment Date.
Application of Cash Collected. Any Cash collected by the Trustee with respect to the Notes pursuant to this Article 5 and any Cash that may then be held or thereafter received by the Trustee with respect to the Notes hereunder shall be applied, in accordance with the provisions of Section 11.1(a)(iii), at the date or dates fixed by the Trustee (each such date to occur on a Payment Date). Upon the final distribution of all proceeds of any liquidation effected hereunder, the provisions of Section 4.1(b) shall be deemed satisfied for the purposes of discharging this Indenture pursuant to Article 4.
Application of Cash Collected. Any Cash collected by the Trustee with respect to the VFNs pursuant to this Article IX and any Cash that may then be held or thereafter received by the Trustee with respect to the Obligations hereunder shall be applied in accordance with Section 2.8, at the date or dates fixed by the Trustee; provided, that (a) subject to clause (b), no such date may be fixed by the Trustee unless the Trustee has given the Borrower no fewer than two (2) Business Days’ prior written notice of such date, which notice shall set forth in reasonable detail the expected applications of Cash on such date and (b) no failure by the Trustee to deliver the notice required pursuant to the foregoing clause (a) will affect the application of funds in the Collection Accounts pursuant to Section 2.8 on the next succeeding Payment Date.
Application of Cash Collected. Any Cash collected by the Collateral Custodian pursuant to this Article IX and any Cash that may then be held or thereafter received by the Collateral Custodian with respect to the Obligations hereunder will be applied in accordance with the Sequential Pay Priority.
Application of Cash Collected. Upon an Event of Default and acceleration of maturity, any Cash collected by the Trustee pursuant to this Article V (including all collections from, and proceeds of the sale or liquidation of, the Collateral) shall be applied at the date or dates fixed by the Trustee and in the following order, upon surrender of Notes in the case of any Class of Notes the Aggregate Principal Amount of which is to be paid in full:
Application of Cash Collected. Any cash collected by the Note Agent with respect to the Notes pursuant to this Article VII and any cash that may then be held or thereafter received by the Note Agent with respect to the Notes hereunder shall be applied in payment of the indemnities and costs owed to the Note Agent and the Note Purchasers hereunder and to the Outstanding Principal Amount and all interest accrued thereon of all Series of Notes. Payments shall first be applied first to indemnities and other costs of the Note Agent provided for under this Agreement, then to indemnities and other costs of the Note Purchasers provided for under this Agreement (pro rata in proportion to the amounts owed each Note Purchaser). Remaining amounts collected by the Note Agent shall be allocated between the Series of Notes pro rata in accordance with the sum of the accrued interest and Outstanding Principal Amount of the Notes of the respective Series. Payments made with respect to any Series of Notes shall be made pro rata among the Note Purchasers holding the Notes of such Series in accordance the Outstanding Principal Amount of their Notes. Payments with respect to each Note shall be applied first to accrued interest and then to principal. No cash shall be released to the Issuer until payment in full of all amounts dues under this Agreement.
