Application of Closed Sample Clauses

Application of Closed. End Collections on the Warehouse Facility Pool After Default and During the Wind-Down Period. On each Amortization Payment Date, the Closed-End Administrative Agent shall withdraw all available funds on deposit in the Lease Funding Account as of the open of business on such date and apply such amounts, together with any Closed-End Exchange Note Shared Amounts that are allocable to the Warehouse Facility Pool, as follows: FIRST, to the payment of (x) any unpaid Closed-End Warehouse Servicer Expenses, but subject, however, to clauses (i) through (iii) of the proviso to Section 5.2(d) of the Closed-End Servicing Agreement and (y) the Warehouse Facility Pool Servicing Fee; SECOND, to the Closed-End Collateral Agent, the Closed-End Administrative Agent and the Deal Agent, any accrued and unpaid fees and expenses of such Persons that are currently due and payable by the Borrower pursuant to the Basic Documents (to be applied pro rata, based on the respective amounts due); THIRD, to the payment of the amounts set forth in clauses “FIRST” and “SECOND” of Section 10.2, in the same manner, and in the same priority, as set forth therein; FOURTH, to each Warehouse Facility Agent for the account of the related Warehouse Facility Lenders, the outstanding principal amount of all Advances made by such Warehouse Facility Lenders under the related Warehouse Facility; FIFTH, to the payment of the amounts set forth in clauses “FOURTH” through “SIXTH” of Section 10.2, in the same manner, and in the same priority, as set forth therein; SIXTH, to be applied as Warehouse Facility Shared Amounts, if and to the extent applicable pursuant to and in accordance with Section 10.4(a); and

Application of Closed. End Collections on the Revolving Pool After Default ; Application of Closed-End Collections on any Wind-Down Pool 63 Section 10.4 [Reserved] 66 -iii- Collateral Agency Agreement TABLE OF CONTENTS (continued) Page