Common use of Application of Funds Collected Clause in Contracts

Application of Funds Collected. Any funds collected by the Trustee pursuant to this Article 6 with respect to a particular series of Securities shall be applied in the following order, at the date or dates fixed by the Trustee and, in case of the distribution of such funds on account of principal, premium, if any, or interest, upon presentation of the Securities of such series, and notation thereon the payment, if only partially paid, and upon surrender thereof if fully paid:

Application of Funds Collected. Any funds collected by the Trustee pursuant to this Article 6 with respect to a particular series of Securities shall will be applied in the following order, at the date or dates fixed by the Trustee and, in case of the distribution of such funds on account of principal, principal (or premium, if any, ) or interest, upon on presentation of the Securities of such that series, and notation thereon on such Securities of the payment, if only partially paid, and upon on surrender thereof of such Securities if fully paid: