Common use of Priorities of Payments Clause in Contracts

Priorities of Payments. (a) On each Payment Date the Indenture Trustee shall make the following distributions from the Payment Account, net of the Indenture Trustee’s expenses and the Owner Trustee’s reimbursable expenses under the Trust Agreement, of an amount equal to the Interest Funds in the following order of priority:

Priorities of Payments. (a) On each Payment Date Date, the Indenture Trustee shall make the following distributions from the Payment Account, net of the [Indenture Trustee Fee and Indenture Trustee’s expenses and the Owner Trustee’s reimbursable expenses under the Trust Agreementexpenses], of an amount equal to the Interest Funds for each Group in the following order of priority:

Priorities of Payments. (a) On each Payment Date the Indenture Trustee shall make the following distributions from the Payment Account, net of the Indenture Trustee’s expenses and the Owner Trustee’s reimbursable expenses under the Trust Agreement, of an amount equal to the Interest Funds in the following order of priority:: [to be provided as applicable]

Priorities of Payments. (a) On each Payment Date Date, and in respect of each Note Group, the Indenture Trustee shall make the following distributions from the Payment Account, net of such group’s Allocable Portion of the Indenture Trustee’s expenses and the Owner Trustee’s reimbursable expenses under the Trust Agreement, of an amount equal to the Interest Funds for such group in the following order of priority: