Common use of Distribution of Other Payments Clause in Contracts

Distribution of Other Payments. All payments under Section 7.6 of this Master Agreement shall be made first, to the Funding Parties, pro rata, until their Funding Party Balances have been paid in full, and second, to the Lessor who shall be entitled to retain all such remaining amounts. Except as otherwise provided in this Section 6, any payment received by the Lessor which is to be paid to Agent pursuant hereto or for which provision as to the application thereof is made in an Operative Document but not elsewhere in this Section 6 shall, if received by the Lessor, be paid forthwith to the Agent and when received shall be distributed forthwith by the Agent to the Person and for the purpose for which such payment was made in accordance with the terms of such Operative Document.

Appears in 3 contracts

Samples: Master Agreement (Choicepoint Inc), Lease Participation Agreement (Aaron Rents Inc), Master Agreement (Choicepoint Inc)

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Distribution of Other Payments. All payments under Section 7.6 of this the Master Agreement shall be made first, to the Funding PartiesLenders, pro rata, until their Funding Party Balances have been paid in full, and second, to the Lessor who shall be entitled to retain all such remaining amounts. Except as otherwise provided in this Section 63, any payment received by the Lessor which is to be paid to Agent pursuant hereto or for which provision as to the application thereof is made in an Operative Document but not elsewhere in this Section 6 3 shall, if received by the Lessor, be paid forthwith to the Agent and when received shall be distributed forthwith by the Agent to the Person and for the purpose for which such payment was made in accordance with the terms of such Operative Document.

Appears in 3 contracts

Samples: Master Agreement (Ruby Tuesday Inc), Master Agreement (Ruby Tuesday Inc), Master Agreement (Ruby Tuesday Inc)

Distribution of Other Payments. All payments under Section 7.6 of this Master Agreement shall be made first, to the Funding PartiesParties pro rata in accordance with, pro rataand for application to, until their respective Funding Party Balances have been paid in full, respect of such Leased Property or Properties (including both that portion of the A Loans and second, that portion of the B Loans allocated to the Lessor who shall be entitled to retain all such remaining amountsLeased Property or Properties). Except as otherwise provided in this Section 6Article VI, any payment received by the Lessor which is to be paid to Agent pursuant hereto or for which provision as to the application thereof is made in an Operative Document but not elsewhere in this Section 6 Article VI shall, if received by the Lessor, be paid forthwith to the Agent and when received shall be distributed forthwith by the Agent to the Person and for the purpose for which such payment was made in accordance with the terms of such Operative Document.

Appears in 1 contract

Samples: Master Agreement (Borders Group Inc)

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Distribution of Other Payments. All payments under Section 7.6 7.11 of this the Master Agreement shall be made first, to the Funding PartiesLenders, pro rata, until their Funding Party Balances have been paid in full, and second, to the Lessor who shall be entitled to retain all such remaining amounts. Except as otherwise provided in this Section 63, any payment received by the Lessor which is to be paid to Agent pursuant hereto or for which provision as to the application thereof is made in an Operative Document but not elsewhere in this Section 6 3 shall, if received by the Lessor, be paid forthwith to the Agent and when received shall be distributed forthwith by the Agent to the Person and for the purpose for which such payment was made in accordance with the terms of such Operative Document.

Appears in 1 contract

Samples: Lease Agreement (Fidelity National Information Services, Inc.)

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