Common use of PRIORITY OF PAYMENTS FOR FUNDING 2 AVAILABLE PRINCIPAL RECEIPTS Clause in Contracts

PRIORITY OF PAYMENTS FOR FUNDING 2 AVAILABLE PRINCIPAL RECEIPTS. Funding 2 Available Principal Receipts will be applied by the Cash Manager on each Funding 2 Interest Payment Date until enforcement of the Funding 2 Security pursuant to the Funding 2 Deed of Charge or until such time as there are no amounts outstanding under the Master 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 2 Deed of Charge.

PRIORITY OF PAYMENTS FOR FUNDING 2 AVAILABLE PRINCIPAL RECEIPTS. Funding 2 Available Principal Receipts will be applied by the Cash Manager on each Funding 2 Interest Payment Date until enforcement prior to the service of the Funding 2 Security a Master Intercompany Loan Acceleration Notice pursuant to the Funding 2 Deed of Charge or until such time as there are no amounts outstanding under the Master 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 4 to the Funding 2 Deed of Charge.