Disbursements of Funds from Collection Account. (a) Notwithstanding any other provision in this Agreement, but subject to the other subsections of this Section 9.01, the Collateral Agent, based solely upon the Monthly Report, shall disburse amounts from the Payment Account pursuant to Section 8.02 in accordance with the following priorities (the “Priority of Payments”):
Disbursements of Funds from Collection Account. (a) Notwithstanding any other provision in this Agreement, but subject to the other subsections of this Section 9.01, all amounts on deposit in the Collection Account pursuant to Section 8.02 shall be applied by the Account Bank at the written direction of the Administrative Agent in accordance with the following priorities, as calculated by the Administrative Agent as of the immediately preceding Calculation Date (the “Priority of Payments”) (it being understood that such amounts shall first be applied from the Interest Collection Account and subsequently shall be applied from the Principal Collection Account):
