Common use of Principal Payments prior to an Event of Default Clause in Contracts

Principal Payments prior to an Event of Default. In the absence of a continuing Event of Default or prior to the occurrence of the Facility Maturity Date, on each Payment Date the Collateral Agent shall (as directed pursuant to the first paragraph of this Section 2.04) transfer Principal Collections held by the Account Bank in the Collection Account to the following Persons in the following amounts, calculated as of the most recent Determination Date, and priority:

Principal Payments prior to an Event of Default. In the absence of a continuing Prior to an Event of Default or prior to the occurrence of the Facility Maturity Date, on each Payment Date the Collateral Agent shall (as directed pursuant to the first paragraph of this Section 2.04) transfer Principal Collections held by the Account Bank in the Collection Account Account, in accordance with the Servicing Report, to the following Persons in the following amounts, calculated as of the most recent Determination Date, and priority:

Principal Payments prior to an Event of Default. In the absence of a continuing Event of Default or and prior to the occurrence of the Facility Maturity Date, on each Payment Date the Collateral Agent shall (as directed pursuant to the first paragraph of this Section 2.04) transfer Principal Collections held by the Account Bank in the Principal Collection Account Subaccount to the following Persons in the following amounts, calculated as of the most recent Determination Date, and priority:

Principal Payments prior to an Event of Default. In Prior to the absence Borrower or the Administrative Agent becoming aware of a continuing the occurrence of an Event of Default or prior to the occurrence of the Facility Maturity Date, on each Payment Date the Collateral Agent shall (as directed pursuant to the first paragraph of this Section 2.04) transfer Principal Collections held by the Account Bank in the Collection Account to the following Persons in the following amounts, calculated as of the most recent Determination Date, and priority:

Principal Payments prior to an Event of Default. In the absence of a continuing Prior to an Event of Default or prior to the occurrence of the Facility Maturity Date, on each Payment Date the Collateral Agent shall (as directed pursuant to the first paragraph of this Section 2.04) transfer Principal Collections held by the Account Bank in the Collection Account to the following Persons in the following amounts, calculated as of the most recent Determination Date, and priority:

Principal Payments prior to an Event of Default. In the absence of a continuing Prior to an Event of Default occurring and continuing or prior to the occurrence of the Facility Maturity Date, on each Payment Date the Collateral Agent shall (as directed pursuant to the first paragraph of this Section 2.04) transfer Principal Collections held by the Account Bank in the Collection Account to the following Persons in the following amounts, calculated as of the most recent Determination Date, and priority:

Principal Payments prior to an Event of Default. In the absence of a continuing Event of Default or xxxxx prior to the occurrence of the Facility Maturity Date, on each Payment Date the Collateral Agent shall (as directed pursuant to the first paragraph of this Section 2.04) transfer Principal Collections held by the Account Bank in the Collection Account to the following Persons in the following amounts, calculated as of the most recent Determination Date, and priority:

Principal Payments prior to an Event of Default. In the absence of a continuing Event of Default or and prior to the occurrence of the Facility Maturity Date, on each Payment Date the Collateral Agent shall (as directed pursuant to the first paragraph of this Section 2.04) transfer Principal Collections held by the Account Bank in the Collection Account to the following Persons in the following amounts, calculated as of the most recent Determination Date, and priority:

Principal Payments prior to an Event of Default. In the absence of a continuing Event of Default or and prior to the occurrence of the Facility Maturity Date, on each Payment Date the Collateral Agent shall (as directed pursuant to the first paragraph of this Section 2.04) transfer Principal Collections held by the Account Bank in the Collection Account to the Payment Account and on each Payment Date the Collateral Agent shall transfer such Principal Collections in the Payment Account to the following Persons in the following amounts, calculated as of the most recent Determination Date, and priority: