Common use of Basic Rent Distribution Clause in Contracts

Basic Rent Distribution. Except as otherwise provided in Sections 3.02 and 3.03 hereof, each installment of Basic Rent, any payment of interest on overdue installments of Basic Rent and any payment received by the Mortgagee pursuant to Section 4.03 hereof shall be promptly distributed in the following order of priority: FIRST, (i) so much of such installment or payment as shall be required to pay in full the aggregate amount of the payment or payments of Original Amount and interest (as well as any interest on any overdue Original Amount and, to the extent permitted by Law, on any overdue interest) then due under all Series A-1 and Series A-2 Equipment Notes shall be distributed to the Note Holders of Series A-1 and Series A-2 ratably, without priority of one over the other, in the proportion that the amount of such payment or payments then due under each Series A-1 and Series A-2 Equipment Note bears to the aggregate amount of the payments then due under all Series A-1 and Series A-2 Equipment Notes;

Basic Rent Distribution. Except as otherwise provided in Sections 3.02 and 3.03 hereof, each installment of Basic Rent, any payment of interest on overdue installments of Basic Rent and any payment received by the Mortgagee pursuant to Section 4.03 hereof shall be promptly distributed in the following order of priority: FIRSTFirst, (i) so much of such installment or payment as shall be required to pay in full the aggregate amount of the payment or payments of Original Amount and interest (as well as any interest on any overdue Original Amount and, to the extent permitted by Law, on any overdue interest) then due under all Series A-1 and Series A-2 A Equipment Notes shall be distributed to the Note Holders of Series A-1 and Series A-2 A ratably, without priority of one over the other, in the proportion that the amount of such payment or payments then due under each Series A-1 and Series A-2 A Equipment Note bears to the aggregate amount of the payments then due under all Series A-1 and Series A-2 A Equipment Notes;

Basic Rent Distribution. Except as otherwise provided in Sections 3.02 and 3.03 hereof, each installment of Basic Rent, any payment of interest on overdue installments of Basic Rent and any payment received by the Mortgagee pursuant to Section 4.03 hereof shall be promptly distributed in the following order of priority: FIRST, (i) so much of such installment or payment as shall be required to pay in full the aggregate amount of the payment or payments of Original Amount and interest (as well as any interest on any overdue Original Amount and, to the extent permitted by Law, on any overdue interest) then due under all Series A-1 and Series A-2 A Equipment Notes shall be distributed to the Note Holders of Series A-1 and Series A-2 A ratably, without priority of one over the other, in the proportion that the amount of such payment or payments then due under each Series A-1 and Series A-2 A Equipment Note bears to the aggregate amount of the payments then due under all Series A-1 and Series A-2 A Equipment Notes;

Basic Rent Distribution. Except as otherwise provided in Sections 3.02 and 3.03 hereof, each installment of Basic Rent, any payment of interest on overdue installments of Basic Rent and any payment received by the Mortgagee pursuant to Section 4.03 hereof shall be promptly distributed in the following order of priority: FIRSTFirst, (i) so much of such installment or payment as shall be required to pay in full the aggregate amount of the payment or payments of Original Amount and interest (as well as any interest on any overdue Original Amount and, to the extent permitted by Law, on any overdue interest) then due under all Series A-1 and Series A-2 Equipment Notes shall be distributed to the Note Holders of Series A-1 and Series A-2 ratably, without priority of one over the other, in the proportion that the amount of such payment or payments then due under each Series A-1 and Series A-2 Equipment Note bears to the aggregate amount of the payments then due under all Series A-1 and Series A-2 Equipment Notes;

Basic Rent Distribution. Except as otherwise provided in Sections 3.02 and 3.03 hereof, each installment of Basic Rent, any payment of interest on overdue installments of Basic Rent and any payment received by the Mortgagee pursuant to Section 4.03 hereof shall be promptly distributed in the following order of priority: FIRST, (i) so much of such installment or payment as shall be required to pay in full the aggregate ----- amount of the payment or payments of Original Amount and interest (as well as any interest on any overdue Original Amount and, to the extent permitted by Law, on any overdue interest) then due under all Series A-1 and Series A-2 A Equipment Notes shall be distributed to the Note Holders of Series A-1 and Series A-2 A ratably, without priority of one over the other, in the proportion that the amount of such payment or payments then due under each Series A-1 and Series A-2 A Equipment Note bears to the aggregate amount of the payments then due under all Series A-1 and Series A-2 A Equipment Notes;

Basic Rent Distribution. Except as otherwise provided in Sections 3.02 and 3.03 hereof(ss.) 3.03, each installment of Basic Rent, any payment of interest on overdue installments of Basic Rent and any payment received by the Mortgagee Loan Trustee pursuant to Section (ss.) 4.03 hereof shall be promptly distributed in the following order of priority: FIRSTFirst, (i) so much of such installment or payment as shall be required to pay in full the aggregate amount of the payment or payments of Original Amount and interest and other amounts (as well as any interest on any overdue Original Amount and, to the extent permitted by Lawapplicable law, on any overdue interestinterest and any other overdue amounts) then due under all Series A-1 and Series A-2 A Equipment Notes shall be distributed to the Note Holders of Series A-1 and Series A-2 A ratably, without priority of one over the other, in the proportion that the amount of such payment or payments then due under each Series A-1 and Series A-2 A Equipment Note bears to the aggregate amount of the payments then due under all Series A-1 and Series A-2 A Equipment Notes;; and

Basic Rent Distribution. Except as otherwise provided in Sections 3.02 and Section 3.03 hereof, each installment of Basic Rent, any payment of interest on overdue installments of Basic Rent and any payment received by the Mortgagee pursuant to Section 4.03 hereof shall be promptly distributed in the following order of priority: FIRST, (i) so much of such installment or payment as shall be required to pay in full the aggregate amount of the payment or payments of Original Amount and interest (as well as any interest on any overdue Original Amount and, to the extent permitted by Law, on any overdue interest) then due under all Series A-1 and Series A-2 A Equipment Notes together with all amounts due pursuant to Section 2.15 shall be distributed to the Note Holders of Series A-1 and Series A-2 A ratably, without priority of one over the other, in the proportion that the amount of such payment or payments then due under each Series A-1 and Series A-2 A Equipment Note bears to the aggregate amount of the payments then due under all Series A-1 and Series A-2 A Equipment Notes;