Common use of Redemption Dates During Events of Default Clause in Contracts

Redemption Dates During Events of Default. On any Redemption Date or a Payment Date following the occurrence and continuation of an acceleration of the Notes as result of an Event of Default, Interest Proceeds and Principal Proceeds with respect to the related Due Period will be distributed in the following order of priority: (1) to the payment of the amounts referred to in clauses (1) through (4) of Section 11.1(a)(i) in the same order of priority specified therein, but without giving effect to any limitations on amounts payable set forth therein; (2) to the payment of any out-of-pocket fees and expenses of the Issuer and Trustee (including legal fees and expenses) incurred in connection with an acceleration of the Notes following an Event of Default, including in connection with sale and liquidation of any of the Assets in connection therewith; (3) to the payment of the Class A Interest Distribution Amount, plus, any Class A Defaulted Interest Amount; (4) to the payment in full of principal of the Class A Notes; (5) to the payment of the Class B Interest Distribution Amount, plus, any Class B Defaulted Interest Amount; (6) to the payment in full of principal of the Class B Notes; (7) to the payment of the Class C Interest Distribution Amount, plus, any Class C Defaulted Interest Amount; (8) to the payment in full of principal of the Class C Notes; and (9) any remaining Principal Proceeds to be released from the lien of this Indenture and paid (upon standing order of the Issuer) to the Preferred Shares Paying Agent for deposit into the Preferred Share Distribution Account for distribution to the holder of the Preferred Shares as payments of the Preferred Shares Distribution Amount subject to and in accordance with the provisions of the Preferred Share Paying Agency Agreement.

Redemption Dates During Events of Default. On any Redemption Date or a Payment Date following the occurrence and continuation of an acceleration of the Notes as result of an Event of Default, Interest Proceeds and Principal Proceeds with respect to the related Due Period will be distributed in the following order of priority: (1) to the payment of the amounts referred to in clauses (1) through (4) of Section 11.1(a)(i) in the same order of priority specified therein, but without giving effect to any limitations on amounts payable set forth therein; (2) to the payment of any out-of-pocket fees and expenses of the Issuer and Trustee (including legal fees and expenses) incurred in connection with an acceleration of the Notes following an Event of Default, including in connection with sale and liquidation of any of the Assets in connection therewith; (3) to the payment of the Class A Interest Distribution Amount, plus, any Class A Defaulted Interest Amount; (4) to the payment in full of principal of the Class A Notes; (5) to the payment of the Class B A-S Interest Distribution Amount, plus, any Class B A-S Defaulted Interest Amount; (6) to the payment in full of principal of the Class A-S Notes; (7) to the payment of the Class B Interest Distribution Amount, plus, any Class B Defaulted Interest Amount; (8) to the payment in full of principal of the Class B Notes; (79) to the payment of the Class C Interest Distribution Amount, plus, any Class C Defaulted Interest Amount; (8) 10) to the payment in full of principal of the Class C Notes; (11) to the payment of the Class D Interest Distribution Amount, plus, any Class D Defaulted Interest Amount; (12) to the payment in full of principal of the Class D Notes; (13) to the payment of the Class E Interest Distribution Amount, plus, any Class E Defaulted Interest Amount; (14) to the payment in full of principal of the Class E Notes (including any Class E Deferred Interest); and (915) any remaining Principal Proceeds to be released from the lien of this Indenture and paid (upon standing order of the Issuer) to the Preferred Shares Paying Agent for deposit into the Preferred Share Distribution Account for distribution to the holder of the Preferred Shares as payments of the Preferred Shares Distribution Amount subject to and in accordance with the provisions of the Preferred Share Paying Agency Agreement.

Redemption Dates During Events of Default. On any Redemption Date or a Payment Date following the occurrence and continuation of an acceleration of the Notes as result of an Event of Default, Interest Proceeds and Principal Proceeds with respect to the related Due Period will be distributed in the following order of priority: (1) to the payment of the amounts referred to in clauses (1) through (4) of Section 11.1(a)(i) in the same order of priority specified therein, but without giving effect to any limitations on amounts payable set forth therein; (2) to the payment of any out-of-pocket fees and expenses of the Issuer and Trustee (including legal fees and expenses) incurred in connection with an acceleration of the Notes following an Event of Default, including in connection with sale and liquidation of any of the Assets in connection therewith; (3) to the payment of the Class A Interest Distribution Amount, plus, any Class A Defaulted Interest Amount; (4) to the payment in full of principal of the Class A Notes; (5) to the payment of the Class B Interest Distribution Amount, plus, any Class B Defaulted Interest Amount; (6) to the payment in full of principal of the Class B Notes; (7) to the payment of the Class C Interest Distribution Amount, plus, any Class C Defaulted Interest Amount; (8) to the payment in full of principal of the Class C Notes; (9) to the payment of the Class D Interest Distribution Amount, plus, any Class D Defaulted Interest Amount; (10) to the payment in full of principal of the Class D Notes; (11) to the payment of the Class E Interest Distribution Amount, plus, any Class E Defaulted Interest Amount; (12) to the payment in full of principal of the Class E Notes (including any Class E Deferred Interest); and (913) any remaining Principal Proceeds to be released from the lien of this Indenture and paid (upon standing order of the Issuer) to the Preferred Shares Paying Agent for deposit into the Preferred Share Distribution Account for distribution to the holder of the Preferred Shares as payments payment of the Preferred Shares Distribution Amount subject to and in accordance with the provisions of the Preferred Share Paying Agency Agreement.

Redemption Dates During Events of Default. On any Redemption Date or a Payment Date following the occurrence and continuation of an acceleration of the Notes as result of an Event of Default, Interest Proceeds and Principal Proceeds with respect to the related Due Period will be distributed in the following order of priority: (1) to the payment of the amounts referred to in clauses (1) through (45) of Section 11.1(a)(i) in the same order of priority specified therein, but without giving effect to any limitations on amounts payable set forth therein; (2) to the payment of any out-of-pocket fees and expenses of the Issuer and Trustee (including legal fees and expenses) incurred in connection with an acceleration of the Notes following an Event of Default, including in connection with sale and liquidation of any of the Assets in connection therewith; (3) to the payment of the Class A Interest Distribution Amount, plus, any Class A Defaulted Interest Amount; (4) to the payment in full of principal of the Class A Notes; (5) to the payment of the Class B Interest Distribution Amount, plus, any Class B Defaulted Interest Amount; (6) to the payment in full of principal of the Class B Notes; (7) to the payment of the Class C Interest Distribution Amount, plus, any Class C Defaulted Interest Amount; (8) to the payment in full of principal of the Class C Notes; and (9) any remaining Principal Proceeds to be released from the lien of this Indenture and paid (upon standing order of the Issuer) to the Preferred Shares Paying Agent for deposit into the Preferred Share Distribution Account for distribution to the holder of the Preferred Shares as payments of the Preferred Shares Distribution Amount subject to and in accordance with the provisions of the Preferred Share Paying Agency Agreement.

Redemption Dates During Events of Default. On any Redemption Date or a Payment Date following the occurrence and continuation of an acceleration of the Notes as result of an Event of Default, Interest Proceeds and Principal Proceeds with respect to the related Due Period will be distributed in the following order of priority: (1) to the payment of the amounts referred to in clauses (1) through (4) of Section 11.1(a)(i) in the same order of priority specified therein, but without giving effect to any limitations on amounts payable set forth therein; (2) to the payment of any out-of-pocket fees and expenses of the Issuer and Trustee (including legal fees and expenses) incurred in connection with an acceleration of the Notes following an Event of Default, including in connection with sale and liquidation of any of the Assets Collateral in connection therewith; (3) to the payment of the Class A Interest Distribution Amount, plus, any Class A Defaulted Interest Amount; (4) to the payment in full of principal of the Class A Notes; (5) to the payment of the Class B Interest Distribution Amount, plus, any Class B Defaulted Interest Amount; (6) to the payment in full of principal of the Class B Notes; Notes (7) to the payment of the Class C Interest Distribution Amount, plus, including any Class C Defaulted Interest Amount; (8) to the payment in full of principal of the Class C NotesB Capitalized Interest); and (97) any remaining Principal Proceeds to be released from the lien of this Indenture and paid (upon standing order of the Issuer) to the Preferred Shares Paying Agent for deposit into the Preferred Share Distribution Account for distribution to the holder of the Preferred Shares as payments of the Preferred Shares Distribution Amount subject to and in accordance with the provisions of the Preferred Share Paying Agency Agreement.