Common use of Payments Following a Sequential Pay Event Clause in Contracts

Payments Following a Sequential Pay Event. The parties hereto agree that as amongst themselves, payments of interest and principal following a Sequential Pay Event shall be made to the Supplement Noteholders as if Section 4 of the Base Agreement read in full as follows; provided that application of the following shall be interpreted so that application of the following shall have no effect on the amounts allocated to and paid in respect of Note X-0, Xxxx X-0, Xxxx X-0, Note A-7, Note A-8-1 and Note A-8-2 under the Base Agreement: