Common use of Modified Priorities Following Liquidation Clause in Contracts

Modified Priorities Following Liquidation. Notwithstanding Section 5.1, on each Payment Date following the acceleration of the 20 - Exchange Note following an Exchange Note Default, the Indenture Trustee will, with respect to the 20 - Designated Pool (based on the information contained in the Servicer’s Certificate delivered with respect to such Payment Date), withdraw from the 20 - Exchange Note Collection Accounts an amount equal to the 20 - Designated Pool Collections for such Payment Date and apply such amounts, together with the proceeds of the sale or liquidation of any portion of the Collateral included in the 20 - Designated Pool pursuant to Section 6.4(a)(ii)(z) of the Credit and Security Agreement, in accordance with the following priorities:

Modified Priorities Following Liquidation. Notwithstanding Section 5.1, on each Payment Date following the acceleration of the 20 - 20__-_ Exchange Note following an Exchange Note Default, the Indenture Trustee will, with respect to the 20 - 20__-_ Designated Pool (based on the information contained in the Servicer’s Certificate Servicer Report delivered with respect to such Payment Date), withdraw from the 20 - 20__-_ Exchange Note Collection Accounts Collections Account an amount equal to the 20 - 20__-_ Designated Pool Collections for such Payment Date and apply such amounts, together with the proceeds of the sale or liquidation of any portion of the Collateral included in the 20 - 20__-_ Designated Pool pursuant to Section 6.4(a)(ii)(z) of the Credit and Security Agreement, in accordance with the following priorities:

Modified Priorities Following Liquidation. Notwithstanding Section 5.1, on each Payment Date following the acceleration of the 20 - Exchange Note following an Exchange Note Default, the Indenture Trustee will, with respect to the 20 - Designated Pool (based on the information contained in the Servicer’s Certificate Servicer Report delivered with respect to such Payment Date), withdraw from the 20 - Exchange Note Collection Accounts Collections Account an amount equal to the 20 - Designated Pool Collections for such Payment Date and apply such amounts, together with the proceeds of the sale or liquidation of any portion of the Collateral included in the 20 - Designated Pool pursuant to Section 6.4(a)(ii)(z) of the Credit and Security Agreement, in accordance with the following priorities: