QUARTERLY TRANSFERS Sample Clauses

QUARTERLY TRANSFERS. On each Principal Payment Date, the Collateral Trustee shall distribute from the cash available in the Revenue Account (after making any distributions required by paragraph (a) above) the following amounts in the following order of priority: FIRST, (i) to the Administrative Agent, for the account of (A) the Term Lenders, the amount, if any, equal to the scheduled principal payments with respect to the Term Loans set forth in Schedule 2.7(b) and all accrued and unpaid interest thereon which the Administrative Agent certifies to the Borrower and the Collateral Trustee to be due and payable on such date and (B) the Revolving Credit Lenders, the amount, if any, equal to the principal with respect to the Revolving Credit Loans and all accrued and unpaid interest thereon which the Administrative Agent certifies to the Borrower and the Collateral Trustee to be due and payable on such date, PRO RATA and (ii) if such Principal Payment Date is in January or July, to the Senior Unsecured Note Trustee, the amount, if any, equal to the accrued and unpaid interest on the Senior Unsecured Notes which the Borrower certifies to the Collateral Trustee to be due and payable on such date (or, if such Principal Payment Date is not a Senior Unsecured Note Interest Payment Date, the amount, if any, equal to the accrued and unpaid interest on the Senior Unsecured Notes which the Borrower certifies to the Collateral Trustee to be due and payable on the immediately succeeding Senior Unsecured Note Interest Payment Date); PROVIDED, HOWEVER, that in the event that the cash available in the Revenue Account is insufficient to make all payments required under clauses (i) and (ii), the payments required to be made under clause (i) shall be paid first; SECOND, to the Administrative Agent, to be applied to the prepayment of all of the unpaid principal of the Revolving Credit Loans; THIRD, (i) upon the occurrence and during the continuation of a Designated Event, to the Operating Reserve Account, an amount sufficient to cause the amounts on deposit therein to equal the Operating Reserve Maximum Balance or (ii) upon the written request of the Borrower, to the Operating Reserve Account, an amount so requested so long as the balance therein (after giving effect to the requested transfer) will not exceed the Operating Reserve Maximum Balance; FOURTH, to the Debt Reserve Account, an amount sufficient to cause the amounts on deposit therein to equal the Debt Reserve Required Balance as of such da...