Subordination of Certain Termination Payments. Notwithstanding anything contained in subsection 12.02(c) of the Agreement, upon the sale of Receivables or interests therein as provided in Section 12.02(c) of the Agreement, the net proceeds of any such sale payable to the Series 1999-Y Certificates shall be paid pro rata to the Class A Certificates and then to the --- ---- Collateral Interest Holder for application pursuant to the terms of the Loan Agreement.
Subordination of Certain Termination Payments. Notwithstanding anything contained in Section 12.2(c) of the Agreement, upon the sale of Receivables or interests therein as provided in Section 12.2(c) of the Agreement, the proceeds of any such sale payable in respect of the Series 1997-2 Certificates shall be payable first to the Class A Certificates until paid in full, then to the Class B Certificates until paid in full, then to the Collateral Indebtedness Interest until paid in full and then to the Class D Certificates until paid in full.
Subordination of Certain Termination Payments. 50 SECTION 15. Variable Accumulation Series................................. 50
Subordination of Certain Termination Payments. 70 SECTION 17. Third-Party Beneficiaries ....................................................................70 SECTION 18.
Subordination of Certain Termination Payments. Notwithstanding anything contained in Section 12.2(c) of the Agreement, upon the sale of Receivables or interests therein as provided in Section 12.2(c) of the Agreement, the proceeds of any such sale payable in respect of the Series 1998-1 Certificates shall be payable first to the Class A Certificateholders on a pro rata basis until all obligations payable in respect of the Class A Certificates are paid in full, then to the Class B Certificateholders on a pro rata basis until all obligations payable in respect of the Class B Certificates are paid in full, then to the CTO Securityholders until all obligations payable in respect of the Collateralized Trust Obligations are paid in full and then to the Class D Certificateholders on a pro rata basis until all obligations payable in respect of the Class D Certificates are paid in full.
Subordination of Certain Termination Payments. Notwithstanding --------------------------------------------- anything contained in Section 12.2(c) of the Agreement, upon the sale of Receivables or interests therein as provided in Section 12.2(c) of the Agreement, the proceeds of any such sale payable in respect of the Series 2001-2 Certificates shall be payable first to the Class A Certificates until paid in full, then to the Class B Certificates until paid in full, then to the Class C Securities until paid in full, and then to the Class D Certificates until paid in full.
Subordination of Certain Termination Payments. 49 SECTION 15.
Subordination of Certain Termination Payments. Notwithstanding anything contained in Section 12.2(c) of the Agreement, upon the sale of Receivables or interests therein as provided in Section 12.2(c) of the Agreement, the proceeds of any such sale payable in respect of the Series 1997-1 Certificates shall be payable first to the holders of the Senior Class Certificates on a pro rata basis until all obligations payable in respect of the Senior Class Certificates are paid in full and then to the holders of the Subordinate Class Certificates on a pro rata basis until the Subordinate Class Certificates are paid in full.
Subordination of Certain Termination Payments. 50 SECTION 15. Variable Accumulation Series................ 50 SECTION 16. Ratification of Pooling and Servicing Agreement; Representations; Security Interest.................................... 50 SECTION 17. Counterparts............................... 51 SECTION 18.
Subordination of Certain Termination Payments. Notwithstanding anything contained in Section 12.2(c) of the Agreement, upon the sale of Receivables or interests therein as provided in Section 12.2(c) of the Agreement, the proceeds of any such sale payable in respect of the Series 1997-2 Certificates shall be payable first to the Class A Certificateholders on a pro rata basis until all obligations payable in respect of the Class A Certificates are paid in full, then to the Class B Certificateholders on a pro rata basis until all obligations payable in respect of the Class B Certificates are paid in full, then to the Collateral Indebtedness Holder until all obligations payable in respect of the Collateral Indebtedness Interest are paid in full and then to the Class D Certificateholders on a pro rata basis until all obligations payable in respect of the Class D Certificates are paid in full.
