Common use of Modified Priorities Following Liquidation Clause in Contracts

Modified Priorities Following Liquidation. Notwithstanding Section 5.1, if the 2015-B Exchange Note is accelerated following a Facility Default or an Exchange Note Default, then the proceeds of the sale or liquidation of any portion of the Collateral included in the 2015-B Reference Pool under Section 6.05(a)(ii)(z) of the Credit and Security Agreement will be applied in accordance with the following priorities:

Modified Priorities Following Liquidation. Notwithstanding Section 5.1, if the 20152012-B A Exchange Note is accelerated following a Facility Default or an Exchange Note Default, then the proceeds of the sale or liquidation of any portion of the Collateral included in the 20152012-B A Reference Pool under pursuant to Section 6.05(a)(ii)(z) of the Credit and Security Agreement will be applied in accordance with the following priorities:

Modified Priorities Following Liquidation. Notwithstanding Section 5.1, if the 20152012-B Exchange Note is accelerated following a Facility Default or an Exchange Note Default, then the proceeds of the sale or liquidation of any portion of the Collateral included in the 20152012-B Reference Pool under pursuant to Section 6.05(a)(ii)(z) of the Credit and Security Agreement will be applied in accordance with the following priorities:

Modified Priorities Following Liquidation. Notwithstanding Section 5.1, if following the 2015acceleration of the 2011-B A Exchange Note is accelerated following upon a Facility Default or an Exchange Note Default, then the proceeds of the sale or liquidation of any portion of the Collateral included in the 20152011-B A Reference Pool under pursuant to Section 6.05(a)(ii)(z) of the Credit and Security Agreement will be applied in accordance with the following priorities:

Modified Priorities Following Liquidation. Notwithstanding Section 5.1, if the 20152013-B A Exchange Note is accelerated following a Facility Default or an Exchange Note Default, then the proceeds of the sale or liquidation of any portion of the Collateral included in the 20152013-B A Reference Pool under pursuant to Section 6.05(a)(ii)(z) of the Credit and Security Agreement will be applied in accordance with the following priorities:

Modified Priorities Following Liquidation. Notwithstanding Section 5.1, if the 20152013-B Exchange Note is accelerated following a Facility Default or an Exchange Note Default, then the proceeds of the sale or liquidation of any portion of the Collateral included in the 20152013-B Reference Pool under pursuant to Section 6.05(a)(ii)(z) of the Credit and Security Agreement will be applied in accordance with the following priorities:

Modified Priorities Following Liquidation. Notwithstanding Section 5.1, if the 2015-B A Exchange Note is accelerated following a Facility Default or an Exchange Note Default, then the proceeds of the sale or liquidation of any portion of the Collateral included in the 2015-B A Reference Pool under Section 6.05(a)(ii)(z) of the Credit and Security Agreement will be applied in accordance with the following priorities:

Modified Priorities Following Liquidation. Notwithstanding Section 5.1, if the 20152014-B A Exchange Note is accelerated following a Facility Default or an Exchange Note Default, then the proceeds of the sale or liquidation of any portion of the Collateral included in the 20152014-B A Reference Pool under pursuant to Section 6.05(a)(ii)(z) of the Credit and Security Agreement will be applied in accordance with the following priorities:

Modified Priorities Following Liquidation. Notwithstanding Section 5.1, if the 20152014-B Exchange Note is accelerated following a Facility Default or an Exchange Note Default, then the proceeds of the sale or liquidation of any portion of the Collateral included in the 20152014-B Reference Pool under Section 6.05(a)(ii)(z) of the Credit and Security Agreement will be applied in accordance with the following priorities:

Modified Priorities Following Liquidation. Notwithstanding Section 5.1, if the 20152011-B Exchange Note is accelerated following a Facility Default or an Exchange Note Default, then the proceeds of the sale or liquidation of any portion of the Collateral included in the 20152011-B Reference Pool under pursuant to Section 6.05(a)(ii)(z) of the Credit and Security Agreement will be applied in accordance with the following priorities: