Examples of Collateral Distributions in a sentence
The Borrowers and ACFS will (i) pay or cause to be paid to the Lender Collateral Agent all Asset Backed Security Distributions with respect to Asset Backed Securities constituting Revolver Collateral, (ii) pay or cause to be paid to the Master Collateral Agent all Shared Collateral Distributions and (iii) cause AFS Funding Trust to pay to the Master Collateral Agent (A) all amounts paid to it pursuant to the Spread Account Agreement and (B) all distributions in respect of the AFSFT Class A Certificate.
After all Events of Default have been cured, the Administrative Agent's right to retain Collateral Distributions under this Section 7 shall cease.
Any Collateral Distributions or other proceeds of any Enforcement Action obtained by Term Agent or any Term Lender prior to the time at which the Revolver Debt is Paid in Full shall be promptly paid or delivered to the Collateral Agent to be held and distributed by the Collateral Agent in accordance with this Agreement.
After the Senior Obligations are finally and indefeasibly paid in cash to Senior Creditor in full and until the Junior Obligations are finally and indefeasibly in cash to Junior Creditor in full, Junior Creditor shall be subrogated to the rights of Senior Creditor to receive Collateral Distributions applicable to the repayment of the Senior Obligations to the extent that Collateral Distributions otherwise payable to Junior Creditor have been applied to the payment of the Senior Obligations.
Provided that Party A may reduce any such Periodic Payment (without double counting) to account for any fees, costs, expenses, taxes and/or duties, including (without limitation) stamp duty, stamp duty reserve tax and/or other costs, fees, expenses, duties or taxes (including legal and other ancillary costs) incurred by Party A in connection with receipt of the Reference Obligation Collateral Distributions or in connection with such payment.
Upon the Discharge of ABL Obligations, ABL Agent shall deliver any remaining ABL Priority Collateral and proceeds thereof and Applicable ABL Priority Collateral Distributions held by it in the same form as received, with any necessary endorsements (such endorsements shall be without recourse and without any representation or warranty) to Note Security Agent, to be applied by Note Security Agent to the Note Obligations until the Discharge of Note Obligations shall have occurred.
Pass-Through Interest: If Maturity Date Extension is applicable, all amounts payable in respect of the Collateral Distributions, from and including the Scheduled Maturity Date, shall be paid as interest under the Notes no later than three (3) Business Days after the date on which the corresponding Collateral Distributions are received by the Issuer.
Upon the Discharge of Note Obligations, Note Security Agent shall deliver any remaining Note Priority Collateral and proceeds thereof and Applicable Note Priority Collateral Distributions held by it in the same form as received, with any necessary endorsements (such endorsements shall be without recourse and without any representation or warranty) to ABL Agent, to be applied by ABL Agent to the ABL Obligations in until the Discharge of ABL Obligations shall have occurred.