Priority of Payments for Issuer Revenue Receipts. Except for amounts due to third parties by the Issuer under item (b) below or amounts due to the Issuer Account Bank under item (c) below, which will be paid when due, on each Interest Payment Date, prior to the service of a Note Acceleration Notice on the Issuer or until such time as there are no Issuer Secured Obligations outstanding, the Issuer Cash Manager will apply Issuer Revenue Receipts in the following priority (in each case only if and to the extent that provisions of a higher priority have been made in full and to the extent that such withdrawal does not cause the Issuer Transaction Account to become overdrawn (the Issuer Pre-Acceleration Revenue Priority of Payments):
Priority of Payments for Issuer Revenue Receipts. Except for amounts due to third parties by the Issuer under item (b) below or amounts due to the Issuer Account Bank under item (c) below, which will in each case be paid when due, on each Interest Payment Date the Issuer Cash Manager will apply Issuer Revenue Receipts in the following order of priority (the Issuer Pre-Acceleration Revenue Priority of Payments):
Priority of Payments for Issuer Revenue Receipts. PRIOR TO ENFORCEMENT AND ACCELERATION Notwithstanding the Issuer Security but subject to Clause 6.1 (Application) and Clause 6.2 (Priority of payments of Issuer Principal Receipts - prior to enforcement and acceleration), the Issuer Cash Manager, on behalf of the Issuer and the Issuer Security Trustee or its appointee, will withdraw funds standing to the credit of the Issuer Transaction Account on each Interest Payment Date (or on another date in respect of certain payments identified therein made to satisfy certain liabilities of the type described therein below if those payments are due on that other date) to be applied in accordance with the terms and conditions of the Issuer Cash Management Agreement in the order of priority (in each case, only to the extent that payments of a higher order of priority have been made in full) as set out in paragraph 3 of Schedule 2 of the Issuer Cash Management Agreement provided that any amounts raised by the Issuer by way of an issuance of Further Notes, Replacement Notes or New Notes and standing to the credit of the Issuer Transaction Account will not be applied by the Issuer in accordance with such priority and such amounts will be advanced on any day by the Issuer to the Borrower as a Further Term Loan, Replacement Term Loan and/or a New Term Loan (as the case may be).
Priority of Payments for Issuer Revenue Receipts. Except for amounts due to third parties by the Issuer under item (b) below or amounts due to the Issuer Account Bank under item (c) below, which will be paid when due, on each Interest Payment Date, the Issuer Cash Manager will apply Issuer Revenue Receipts in the following priority:
