Compliance with the Intercreditor Agreement. To the extent the Servicer allocates or distributes proceeds received from the liquidation of any property in which both the Issuer and one or more of GE Capital and the Titling Trust have security interests, if any, the Servicer shall allocate or distribute, as applicable, such proceeds in accordance with the Intercreditor Agreement.
Appears in 8 contracts
Samples: Servicing Agreement (GE TF Trust), Servicing Agreement (GE TF Trust), Servicing Agreement (GE Equipment Transportation LLC, Series 2014-1)
Compliance with the Intercreditor Agreement. To the extent the Servicer allocates or distributes proceeds received from the liquidation of any property in which both the Issuer and one or more of GE Capital Capital, VFS, GECC of Tennessee and the Titling Trust have security interests, if any, the Servicer shall allocate or distribute, as applicable, such proceeds in accordance with the Intercreditor Agreement.
Appears in 4 contracts
Samples: Servicing Agreement (GE TF Trust), Servicing Agreement (GE Equipment Midticket LLC, Series 2014-1), Servicing Agreement (GE Equipment Midticket LLC, Series 2013-1)
Compliance with the Intercreditor Agreement. To the extent the Servicer allocates or distributes proceeds received from the liquidation of any property in which both the Issuer and one or more of GE Capital and the Titling Trust have security interestsinterest, if any, the Servicer shall allocate or distribute, as applicable, such proceeds in accordance with the Intercreditor Agreement.
Appears in 2 contracts
Samples: Servicing Agreement (GE Equipment Transportation LLC, Series 2012-2), Servicing Agreement (GE Equipment Transportation LLC, Series 2012-2)
