Common use of Principal Payments Following Termination Event Clause in Contracts

Principal Payments Following Termination Event. All payments received by the Collateral Agent or the Securities Intermediary following a Termination Event with respect to (1) the Pledged Senior Notes or security entitlement with respect thereto, (2) the Pledged Treasury Portfolio Interest or security entitlement with respect thereto or (3) the Pledged Treasury Securities or security entitlement with respect thereto, shall, in each case, be distributed to the Purchase Contract Agent for the benefit of the applicable Holders for distribution to such Holders in accordance with their respective interests.

Principal Payments Following Termination Event. All payments received by the Collateral Agent or the Securities Intermediary following a Termination Event with respect to of (1) the aggregate principal amount of the Pledged Senior Notes or security entitlement with respect securities entitlements thereto, or (2) the Pledged Applicable Ownership Interests (as specified in clause (A) of the definition thereof) of the aggregate principal amount of the Treasury Portfolio Interest or security entitlement with respect thereto Portfolio, or (3) the principal amount of the Pledged Treasury Securities or security entitlement with respect theretoSecurities, shall, in each case, shall be distributed to the Purchase Contract Agent for the benefit of the applicable Holders for distribution to such Holders in accordance with their respective interests.

Principal Payments Following Termination Event. All payments received by the Collateral Agent or the Securities Intermediary following a Termination Event with respect to of (1) the aggregate principal amount of the Pledged Senior Notes or security entitlement with respect securities entitlements thereto, or (2) the Pledged Treasury Portfolio Interest or security entitlement with respect thereto Applicable Ownership Interests, or (3) the principal amount of the Pledged Treasury Securities or security entitlement with respect theretoSecurities, shall, in each case, shall be distributed to the Purchase Contract Agent for the benefit of the applicable Holders for distribution to such Holders in accordance with their respective interests.