Common use of Interest Proceeds Clause in Contracts

Interest Proceeds. On each Payment Date, Available Funds that constitute Interest Proceeds under the Indenture shall be distributed in the following order of priority: (A) to the Class P Preferred Shares, to the extent of accrued and unpaid dividends thereon; (B) to the Subordinated Trust Administrator (pursuant to written direction from the Issuer and the Retention Holder), any accrued and unpaid Subordinated Trust Administrator Fees; and (C) to the Class R Preferred Shares, the remaining Interest Proceeds (if any) in the Preferred Share Distribution Account.

Interest Proceeds. On each Payment Date, Available Funds that constitute Interest Proceeds under the Indenture shall be distributed in the following order of priority: (A) to the Class P Preferred Shares, to the extent of accrued and unpaid dividends thereon; (B) to the Subordinated Trust Administrator (pursuant Class X Preferred Shares, to written direction from the Issuer and the Retention Holder), any extent of accrued and unpaid Subordinated Trust Administrator Feesdividends thereon; and (C) to the Class R Preferred Shares, the remaining Interest Proceeds (if any) in the Preferred Share Distribution Account.

Interest Proceeds. On each Payment Date, Available Funds that constitute Interest Proceeds under the Indenture shall be distributed in the following order of priority: : (A) to the Class P Preferred Shares, to the extent of accrued and unpaid dividends thereon; ; (B) to the Subordinated Trust Administrator (pursuant Class X Preferred Shares, to written direction from the Issuer and the Retention Holder), any extent of accrued and unpaid Subordinated Trust Administrator Feesdividends thereon; and and (C) to the Class R Preferred Shares, the remaining Interest Proceeds (if any) in the Preferred Share Distribution Account.