Interest Proceeds. On each Payment Date or Redemption Date, (except as otherwise provided in Section 11.1(d)) Interest Proceeds with respect to the related Due Period shall be distributed in the following order of priority:
Appears in 2 contracts
Sources: Indenture (Arbor Realty Trust Inc), Indenture (Arbor Realty Trust Inc)
Interest Proceeds. On each Payment Date or Redemption Date, (except as otherwise provided in Section 11.1(d11.1(c)) Interest Proceeds with respect to the related Due Period shall be distributed in the following order of priority:
Appears in 1 contract
Sources: Indenture (Gramercy Capital Corp)