Common use of Principal Allocations on any Sequential Distribution Date Clause in Contracts

Principal Allocations on any Sequential Distribution Date. On each Sequential Distribution Date, the Trustee, upon written instructions from the Servicer, will distribute all Principal Collections and all other funds available for principal distributions on deposit in the Note Distribution Account, to the extent there are sufficient funds, to the following parties in the order of priority listed below:

Appears in 2 contracts

Samples: Sale and Servicing Agreement (NewStar Financial, Inc.), Sale and Servicing Agreement (NewStar Financial, Inc.)

AutoNDA by SimpleDocs

Principal Allocations on any Sequential Distribution Date. On each Sequential Distribution Date, the Indenture Trustee, upon written instructions from the Servicer, will distribute all Principal Collections and all other funds available for principal distributions on deposit in the Note Distribution Account, to the extent there are sufficient funds, to the following parties in the order of priority listed below:

Appears in 1 contract

Samples: Sale and Servicing Agreement (NewStar Financial, Inc.)

AutoNDA by SimpleDocs

Principal Allocations on any Sequential Distribution Date. On each Sequential Distribution Date, the Trustee, upon written instructions from the Servicer, Trustee will distribute all Principal Collections and all other funds available for principal distributions on deposit in the Note Distribution Account, in accordance with the Quarterly Report, to the extent there are sufficient funds, to the following parties in the order of priority listed below:

Appears in 1 contract

Samples: Sale and Servicing Agreement (Ares Capital Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!