Priority of Payments for Funding 1 Available Principal Receipts. Funding 1 Available Principal Receipts will be applied by the Cash Manager on each Funding 1 Interest Payment Date until enforcement of the Funding 1 Security pursuant to the Funding 1 Deed of Charge or until such time as there are no amounts outstanding under any Intercompany Loan Agreement, in making such payments and provisions in the order of priority (in each case only if and to the extent that payments or provisions of a higher priority have been made in full) set out in Part 2 of Schedule 3 to the Funding 1 Deed of Charge.
Priority of Payments for Funding 1 Available Principal Receipts. Funding 1 Available Principal Receipts will be applied by the Cash Manager on each Funding 1 Payment Date prior to service of an Intercompany Loan Acceleration Notice on Funding 1, or until such time as there are no amounts outstanding under the Intercompany Loan Agreement or any New Intercompany Loan Agreement to which Funding 1 is a party, in making such payments and provisions in the order of priority set out in the Funding 1 Pre-Acceleration Principal Priority of Payments (in each case only if and to the extent that payments or provisions of a higher priority have been made in full) set out in part 2 of schedule 4 to the Funding 1 Deed of Charge.
