Common use of Priority of Payments for Funding Clause in Contracts

Priority of Payments for Funding. Available Revenue Receipts Group 1 Available Revenue Receipts and Group 2 Available Revenue Receipts (including Issuer Allocable Revenue Receipts) will be applied by the Cash Manager on the relevant Payment Dates until enforcement of the Funding Security pursuant to the Funding Deed of Charge or until such time as there are no outstanding Funding Secured Obligations, in making such payments and provisions in the order of priority set out in the Funding Pre-Enforcement Revenue 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) as set out in Part I of Schedule 3 to the Funding Deed of Charge (as the same may be amended, varied or restated from time to time).