Modified Priorities Following Liquidation Sample Clauses

Modified Priorities Following Liquidation. Notwithstanding Section 5.1, on each Payment Date following the acceleration of the 2017-3 Exchange Note following an Exchange Note Default, the Indenture Trustee will, with respect to the 2017-3 Designated Pool (based on the information contained in the Servicer Report delivered with respect to such Payment Date), withdraw from the 2017-3 Exchange Note Collections Account an amount equal to the 2017-3 Designated Pool Collections for such Payment Date and apply such amounts, together with the proceeds of the sale or liquidation of any portion of the Collateral included in the 2017-3 Designated Pool pursuant to Section 6.4(a)(ii)(z) of the Credit and Security Agreement, in accordance with the following priorities:
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Modified Priorities Following Liquidation. Notwithstanding Section 10.2, Section 10.3 and Section 10.4, following the liquidation of any portion of the Collateral pursuant to Article VI, any proceeds of such liquidation will be distributed in the manner and in the priority set forth in Section 6.2(b) or Section 6.4(b), as applicable.
Modified Priorities Following Liquidation. Notwithstanding Section 5.1, if the 2015-A Exchange Note is accelerated following a Facility Default or an Exchange Note Default, then the proceeds of the sale or liquidation of any portion of the Collateral included in the 2015-A Reference Pool under Section 6.05(a)(ii)(z) of the Credit and Security Agreement will be applied in accordance with the following priorities:
Modified Priorities Following Liquidation. Notwithstanding Section 5.1, on each Payment Date following the acceleration of the 20 - Exchange Note following an Exchange Note Default, the Indenture Trustee will, with respect to the 20 - Designated Pool (based on the information contained in the Servicer’s Certificate delivered with respect to such Payment Date), withdraw from the 20 - Exchange Note Collection Accounts an amount equal to the 20 - Designated Pool Collections for such Payment Date and apply such amounts, together with the proceeds of the sale or liquidation of any portion of the Collateral included in the 20 - Designated Pool pursuant to Section 6.4(a)(ii)(z) of the Credit and Security Agreement, in accordance with the following priorities:
Modified Priorities Following Liquidation. Notwithstanding Section 5.1, following the acceleration of the 20_-_ Exchange Note upon a Facility Default or Exchange Note Default, the proceeds of the sale or liquidation of any portion of the Collateral included in the 20_-_ Reference Pool pursuant to Section 6.05(a)(ii)(z) of the Credit and Security Agreement will be applied in accordance with the following priorities:
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