Common use of Distribution and Application of Purchase Payment Clause in Contracts

Distribution and Application of Purchase Payment. With respect to any Leased Property, the payment by a Lessee of: (a) the purchase price for a consummated sale of such Leased Property received by the Agent in connection with such Lessee's exercise of the Purchase Option or Partial Purchase Option under Section 14.1 of the Lease or such Lessee's or the Construction Agent's exercise of its option to purchase such Leased Property under Section 5.3 of the Construction Agency Agreement, or (b) the payment payable in connection with such Lessee's compliance with its obligation to purchase the Leased Property in accordance with Section 14.2 or 14.3 of the Lease, or (c) the Leased Property Balance therefor in accordance with Section 10.1 or Section 10.2 of the Lease, shall be distributed by Agent as promptly as possible, to the Funding Parties pro rata in accordance with, and for application to, their respective Funding Party Balances in respect of such Leased Property or Properties (including both that portion of the A Loans and that portion of the B Loans allocated to such Leased Property or Properties).

Distribution and Application of Purchase Payment. With respect to any Leased Property, the payment by a the Lessee of: (a) the purchase price for a consummated sale of such Leased Property received by the Agent in connection with such the Lessee's exercise of the Purchase Option or Partial Purchase Option under Section 14.1 of the Lease or such the Lessee's or the Construction Agent's exercise of its option to purchase such Leased Property under Section 5.3 of the Construction Agency Agreement, or (b) the payment payable in connection with such the Lessee's compliance with its obligation to purchase the Leased Property in accordance with Section 14.2 or 14.3 of the Lease, or (c) the Leased Property Balance therefor in accordance with Section 10.1 or Section 10.2 of the Lease, ; shall be distributed by Agent as promptly as possible, to the Funding Parties pro rata in accordance with, and for application to, their respective Funding Party Balances in respect of such Leased Property or Properties (including both that portion of the A Loans and that portion of the B Loans allocated to such Leased Property or Properties).

Distribution and Application of Purchase Payment. With ------------------------------------------------ respect to any Leased Property, the payment by a Lessee of: (a) the purchase price for a consummated sale of such Leased Property received by the Agent in connection with such Lessee's exercise of the Purchase Option or Partial Purchase Option under Section 14.1 of the Lease or such Lessee's or the Construction Agent's exercise of its option to purchase such Leased Property under Section 5.3 of the Construction Agency Agreement, or (b) the payment payable in connection with such Lessee's compliance with its obligation to purchase the Leased Property in accordance with Section 14.2 or 14.3 of the Lease, or (c) the Leased Property Balance therefor in accordance with Section 10.1 or Section 10.2 of the Lease, shall be distributed by Agent as promptly as possible, to the Funding Parties pro rata in accordance with, and for application to, their respective Funding --- ---- Party Balances in respect of such Leased Property or Properties (including both that portion of the A Loans and that portion of the B Loans allocated to such Leased Property or Properties).

Distribution and Application of Purchase Payment. With respect to any Leased Property, the payment by a Lessee of: (a) the purchase price for a consummated sale of such Leased Property received by the Agent in connection with such Lessee's ’s exercise of the Purchase Option or Partial a Purchase Option under Section 14.1 of the Lease or such Lessee's ’s or the Construction Agent's ’s exercise of its option to purchase such Leased Property under Section 5.3 of the Construction Agency Agreement, or (b) the payment payable in connection with such Lessee's ’s compliance with its obligation to purchase the Leased Property in accordance with Section 14.2 or 14.3 of the Lease, or (c) the payment by such Lessee to Agent of the Leased Property Balance therefor in accordance with Section 10.1 or Section 10.2 of the Lease, shall be distributed by Agent as promptly as possible, to the Funding Parties pro rata in accordance with, and for application to, their respective Funding Party Balances in respect of such Leased Property or Leased Properties (including including, in the case of the Lenders, both that portion of the A Loans and that portion of the B Loans allocated to such Leased Property or Leased Properties).