ORDER OF PRIORITY. 20.1 Prior to the full and unconditional discharge of all obligations of the Issuer to the Transaction Creditors, any credit in the Distribution Account and the Cash Collateral Account (the "Credit") shall be distributed exclusively in accordance with clauses 20.2, 20.3, 20.4 and 20.5 of this Agreement. 20.2 For the avoidance of doubt, interest accruing on the Counterparty Downgrade Collateral Accounts (other than amounts payable under clause 19.10 (
Appears in 4 contracts
Samples: Trust Agreement, Trust Agreement, Trust Agreement
ORDER OF PRIORITY. 20.1 21.1 Prior to the full and unconditional discharge of all obligations of the Issuer to the Transaction Creditors, any credit in the Distribution Account and the Cash Collateral Account (the "Credit") shall be distributed allocated exclusively in accordance with clauses 20.2, 20.3, 20.4 21.2 to 21.6 below and 20.5 of this Agreementclause 22 (Cash Collateral Account).
20.2 For 21.2 Interest accruing on the avoidance Distribution Account and the Accumulation Account shall form part of doubt, interest the Available Distribution Amount. Interest accruing on the Counterparty Downgrade Collateral Accounts Account (other than amounts payable under clause 19.10 20.9 and clause 20.10 (
Appears in 3 contracts
Samples: Trust Agreement, Trust Agreement, Trust Agreement
ORDER OF PRIORITY. 20.1 21.1 Prior to the full and unconditional discharge of all obligations of the Issuer to the Transaction Creditors, any credit in the Distribution Account, the Monthly Collateral Account and the Cash Collateral Account (the "Credit") shall be distributed allocated exclusively in accordance with clauses 20.2, 20.3, 20.4 and 20.5 of this Agreement.
20.2 For the avoidance of doubt, interest accruing on the Counterparty Downgrade Collateral Accounts (other than amounts payable under clause 19.10 (21.2 to
Appears in 2 contracts
Samples: Multi Compartment Issuer Agreement, Trust Agreement
ORDER OF PRIORITY. 20.1 21.1 Prior to the full and unconditional discharge of all obligations of the Issuer to the Transaction Creditors, any credit in the Distribution Account, the Monthly Collateral Account and the Cash Collateral Account (the "Credit") shall be distributed allocated exclusively in accordance with clauses 20.2, 20.3, 20.4 21.2 to 21.6 below and 20.5 of this Agreementclause 22 (Cash Collateral Account).
20.2 For 21.2 Interest accruing on the avoidance Distribution Account and the Accumulation Account shall form part of doubt, interest the Available Distribution Amount. Interest accruing on the Counterparty Downgrade Collateral Accounts Account (other than amounts payable under clause 19.10 20.9 and clause 20.10 (
Appears in 1 contract
Samples: Trust Agreement
ORDER OF PRIORITY. 20.1 Prior to the full and unconditional discharge of all obligations of the Issuer to the Transaction Creditors, any credit in the Distribution Account and the Cash Collateral Account (the "Credit") shall be distributed exclusively in accordance with clauses 20.20, 20.3, 20.2 and 20.4 and 20.5 of this Agreement.
20.2 For the avoidance of doubt, interest accruing on the Counterparty Downgrade Collateral Accounts (other than amounts payable under clause 19.10 (
Appears in 1 contract
Samples: Master Agreement
ORDER OF PRIORITY. 20.1 Prior to the full and unconditional discharge of all obligations of the Issuer to the Transaction Creditors, any credit in the Distribution Account, the Monthly Collateral Account and the Cash Collateral Account (the "Credit") shall be distributed exclusively in accordance with clauses 20.2, 20.3, 20.3 and 20.4 and 20.5 of this Agreement.
20.2 For the avoidance of doubt, interest accruing on the Counterparty Downgrade Collateral Accounts (other than amounts payable under clause 19.10 and clause 19.12 (
Appears in 1 contract
Samples: Trust Agreement
