Common use of Distributions on the Notes and Certificates Clause in Contracts

Distributions on the Notes and Certificates. On each Payment Date, the Indenture Trustee, shall distribute out of the Payment Account, Available Funds net of the Servicing Fee (which shall be paid or withdrawn by the Servicer), payment to the Owner Trustee for services rendered pursuant to the Trust Agreement (which shall be paid to the Owner Trustee), Early Termination Fees (which are distributable only to the holders of the Class L Certificates), the Indenture Trustee Expense Amount (which shall be paid to the Indenture Trustee), the following amounts and in the following order of priority to the following Persons (based on the information set forth in the Servicing Certificate):

Distributions on the Notes and Certificates. On each Payment Date, the Indenture Trustee, shall distribute out of the Payment Account, Available Funds net of the Servicing Fee (which shall be paid or withdrawn by the Servicer), payment to the Owner Trustee for services rendered pursuant to the Trust Agreement (which shall be paid to the Owner Trustee), Early Termination Fees Prepayment Charges (which are distributable only to the holders of the Class L P Certificates), the Indenture Trustee Expense Amount (which shall be paid to the Indenture Trustee), the following amounts and in the following order of priority to the following Persons (based on the information set forth in the Servicing Certificate):

Distributions on the Notes and Certificates. On each Payment Date, the Indenture Trustee, shall distribute out of the Payment Account, Available Funds net of the Servicing Fee (which shall be paid or withdrawn by the Servicer), payment to the Owner Trustee for services rendered pursuant to the Trust Agreement (which shall be paid to the Owner Trustee), Early Termination Fees (which are distributable only to the holders of the Class L P Certificates), the Indenture Trustee Expense Amount (which shall be paid to the Indenture Trustee), the following amounts and in the following order of priority to the following Persons (based on the information set forth in the Servicing Certificate):