Common use of Order of Distributions Clause in Contracts

Order of Distributions. Subject to Section 9.18(c)(ii), any amounts deposited into the Series 2019-3 Class A-1 Distribution Account in respect of accrued interest, letter of credit fees or undrawn commitment fees, but excluding amounts allocated for the purpose of reducing the Series 2019-3 Class A-1 Outstanding Principal Amount, shall be distributed by the Trustee or the Paying Agent, as applicable, on the date due and payable under the Indenture and in the manner provided therein, to the Series 2019-3 Class A-1 Noteholders of record on the applicable Record Date, ratably in proportion to the respective amounts due to such payees at each applicable level of the Priority of Payments in accordance with the applicable Quarterly Noteholders’ Report, the applicable written report provided to the Trustee under the Series 2019-3 Supplement or as provided in Section 3.3 of the Series 2019-3 Supplement. Subject to Section 9.18(c)(ii), any amounts deposited into the Series 2019-3 Class A-1 Distribution Account in respect of outstanding principal or face amounts shall be distributed by the Trustee or the Paying Agent, as applicable, on the date due and payable under the Indenture and in the manner provided therein, to the Series 2019-3 Class A-1 Noteholders of record on the applicable Record Date, in the following order of priority in accordance with the applicable Quarterly Noteholders’ Report, the applicable written report provided to the Trustee under the Series 2019-3 Supplement or as provided in Section 3.3 of the Series 2019-3 Supplement: first, to the Swingline Lender and the L/C Provider in respect of outstanding Swingline Loans and Unreimbursed L/C Drawings, to the extent Unreimbursed L/C Drawings cannot be reimbursed pursuant to Section 2.08, ratably in proportion to the respective amounts due to such payees; second, to the other Series 2019-3 Class A-1 Noteholders in respect of their outstanding Advances, ratably in proportion thereto; and, third, any balance remaining of such amounts (up to an aggregate amount not to exceed the amount of Undrawn L/C Face Amounts at such time) shall be paid to the L/C Provider, to be deposited by the L/C Provider into a cash collateral account in the name of the L/C Provider in accordance with Section 4.03(b). Any amounts distributed to the Administrative Agent pursuant to the Priority of Payments in respect of any other amounts related to the Class A-1 Notes shall be distributed by the Administrative Agent in accordance with Section 4.01 on the date such amounts are due and payable hereunder to the applicable Series 2019-3 Class A-1 Noteholders and/or the Administrative Agent for its own account, as applicable, ratably in proportion to the respective aggregate of such amounts due to such payees.

Appears in 2 contracts

Samples: Note Purchase Agreement (Driven Brands Holdings Inc.), Note Purchase Agreement (Driven Brands Holdings Inc.)

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Order of Distributions. Subject to Section 9.18(c)(ii), any Any amounts deposited into the Series 20192007-3 1 Class A-1 Distribution Account in respect of accrued interest, letter of credit fees or undrawn commitment fees, but excluding amounts allocated for the purpose of reducing the Series 2019-3 Class A-1 Outstanding Principal Amount, fees shall be distributed by the Indenture Trustee or the Paying Agent, as applicable, on the date due and payable under the Indenture and in the manner provided therein, to the Series 20192007-3 1 Class A-1 Noteholders of record on the applicable Record Date, ratably in proportion to the respective amounts due to such payees at each applicable level of the Priority of Payments in accordance with the applicable Quarterly Noteholders’ ReportMonthly Servicer’s Certificate, the applicable written report provided to the Indenture Trustee under the Series 20192007-3 1 Supplement or as provided in Section 3.3 4.3(b) of the Series 20192007-3 1 Supplement. Subject to Section 9.18(c)(ii), any Any amounts deposited into the Series 20192007-3 1 Class A-1 Distribution Account in respect of outstanding principal or face amounts shall be distributed by the Indenture Trustee or the Paying Agent, as applicable, on the date due and payable under the Indenture and in the manner provided therein, to the Series 20192007-3 1 Class A-1 Noteholders of record on the applicable Record Date, in the following order of priority in accordance with the applicable Quarterly Noteholders’ ReportMonthly Servicer’s Certificate, the applicable written report provided to the Indenture Trustee under the Series 20192007-3 1 Supplement or as provided in Section 3.3 4.3(b) of the Series 20192007-3 1 Supplement: first, to the Swingline Lender and the L/C Provider in respect of outstanding Swingline Loans and Unreimbursed L/C Drawings, to the extent Unreimbursed L/C Drawings cannot be reimbursed pursuant to Section 2.08, ratably in proportion to the respective amounts due to such payeespayees and on a ratable basis among the various applicable sub-classes; second, to the other Series 20192007-3 1 Class A-1 Noteholders in respect of their outstanding Advances, ratably in proportion theretothereto (or, in the case of an allocation of the payment of a Mandatory Decrease resulting from a Series 2007-1 Class A-1 Excess Principal Event relating to one or more Advance Sub-Classes, to the holders of the Series 2007-1 Advance Notes of such Advance Sub-Classes ratably in proportion to the outstanding principal amounts thereof); and, third, any balance remaining of such amounts (up to an aggregate amount not to exceed the amount of any then Undrawn L/C Face Amounts at such timeAmounts) shall be paid to the L/C Provider, to be deposited by the L/C Provider into a cash collateral account in the name of the L/C Provider in accordance with Section 4.03(b)4.03. Any amounts distributed to the Class A-1 Administrative Agent pursuant to the Priority of Payments in respect of any other amounts related to the Class A-1 Notes shall be distributed by the Class A-1 Administrative Agent in accordance with Section 4.01 on the date such amounts are due and payable hereunder to the applicable Series 20192007-3 1 Class A-1 Noteholders and/or the Class A-1 Administrative Agent for its own account, as applicable, ratably in proportion to the respective aggregate of such amounts due to such payees.

Appears in 1 contract

Samples: Note Purchase Agreement (Ihop Corp)

Order of Distributions. Subject to Section 9.18(c)(ii), any amounts deposited into the Series 20192022-3 1 Class A-1 Distribution Account (including amounts in respect of accrued interest, letter of credit fees or undrawn commitment fees, but excluding amounts allocated for the purpose of reducing the Series 20192022-3 1 Class A-1 Outstanding Principal Amount), shall be distributed by the Trustee or the Paying Agent, as applicable, on the date due and payable under the Indenture and in the manner provided therein, to the Series 20192022-3 1 Class A-1 Noteholders of record on the applicable Record Date, ratably in proportion to the respective amounts due to such payees at each applicable level of the Priority of Payments in accordance with the applicable Quarterly Noteholders’ ReportReport or Weekly Manager’s Certificate, the applicable written report provided to the Trustee under the Series 2019-3 Supplement or as provided in Section 3.3 of the Series 2019-3 Supplementapplicable. Subject to Section 9.18(c)(ii), any amounts deposited into the Series 20192022-3 1 Class A-1 Distribution Account in respect for the purpose of outstanding principal or face amounts reducing the Series 2022-1 Class A-1 Outstanding Principal Amount shall be distributed by the Trustee or the Paying Agent, as applicable, on the date due and payable under the Indenture and in the manner provided therein, to the Series 20192022-3 1 Class A-1 Noteholders of record on the applicable Record Date, in the following order of priority (which the Co-Issuers shall cause to be set forth in accordance with the applicable Quarterly Noteholders’ ReportReport or Weekly Manager’s Certificate, the applicable written report provided to the Trustee under the Series 2019-3 Supplement or as provided in Section 3.3 of the Series 2019-3 Supplement: applicable): first, to the Swingline Lender and the L/C Provider in respect of outstanding Swingline Loans and Unreimbursed L/C Drawings, to the extent Unreimbursed L/C Drawings cannot be reimbursed pursuant to Section 2.08, ratably in proportion to the respective amounts due to such payees; second, to the other Series 20192022-3 1 Class A-1 Noteholders in respect of their outstanding Advances, ratably in proportion thereto; and, third, any balance remaining of such amounts (up to an aggregate amount not to exceed the amount of Undrawn L/C Face Amounts at such time) shall be paid to the L/C Provider, to be deposited by the L/C Provider into a cash collateral account in the name of the L/C Provider in accordance with Section 4.03(b). Any amounts distributed to the Administrative Agent pursuant to the Priority of Payments in respect of any other amounts related to the Class A-1 Notes shall be distributed by the Administrative Agent in accordance with Section 4.01 on the date such amounts are due and payable hereunder to the applicable Series 20192022-3 1 Class A-1 Noteholders and/or and the Administrative Agent for its own account, as applicable, ratably in proportion to the respective aggregate of such amounts due to such payees.

Appears in 1 contract

Samples: Note Purchase Agreement (Dine Brands Global, Inc.)

Order of Distributions. Subject to Section 9.18(c)(ii), any amounts deposited into the Series 2019-3 1 Class A-1 Distribution Account in respect of accrued interest, letter of credit fees or undrawn commitment fees, but excluding amounts allocated for the purpose of reducing the Series 2019-3 Class A-1 Outstanding Principal Amount, fees shall be distributed by the Trustee or the Paying Agent, as applicable, on the date due and payable under the Indenture and in the manner provided therein, to the Series 2019-3 1 Class A-1 Noteholders of record on the applicable Record Date, ratably in proportion to the respective amounts due to such payees at each applicable level of the Priority of Payments in accordance with the applicable Quarterly Noteholders’ Report, the applicable written report provided to the Trustee under the Series 2019-3 1 Supplement or as provided in Section 3.3 of the Series 2019-3 1 Supplement. Subject to Section 9.18(c)(ii), any amounts deposited into the Series 2019-3 1 Class A-1 Distribution Account in respect of outstanding principal or face amounts shall be distributed by the Trustee or the Paying Agent, as applicable, on the date due and payable under the Indenture and in the manner provided therein, to the Series 2019-3 1 Class A-1 Noteholders of record on the applicable Record Date, in the following order of priority in accordance with the applicable Quarterly Noteholders’ Report, the applicable written report provided to the Trustee under the Series 2019-3 1 Supplement or as provided in Section 3.3 of the Series 2019-3 1 Supplement: first, to the Swingline Lender and the L/C Provider in respect of outstanding Swingline Loans and Unreimbursed L/C Drawings, to the extent Unreimbursed L/C Drawings cannot be reimbursed pursuant to Section 2.08, ratably in proportion to the respective amounts due to such payees; second, to the other Series 2019-3 1 Class A-1 Noteholders in respect of their outstanding Advances, ratably in proportion thereto; and, third, any balance remaining of such amounts (up to an aggregate amount not to exceed the amount of Undrawn L/C Face Amounts at such time) shall be paid to the L/C Provider, to be deposited by the L/C Provider into a cash collateral account in the name of the L/C Provider in accordance with Section 4.03(b). Any amounts distributed to the Administrative Agent pursuant to the Priority of Payments in respect of any other amounts related to the Class A-1 Notes shall be distributed by the Administrative Agent in accordance with Section 4.01 on the date such amounts are due and payable hereunder to the applicable Series 2019-3 1 Class A-1 Noteholders and/or the Administrative Agent for its own account, as applicable, ratably in proportion to the respective aggregate of such amounts due to such payees.

Appears in 1 contract

Samples: Note Purchase Agreement (Dunkin' Brands Group, Inc.)

Order of Distributions. Subject to Section 9.18(c)(ii), any amounts deposited into the Series 20192014-3 1 Class A-1 Distribution Account in respect of accrued interest, letter of credit fees or undrawn commitment fees, but excluding amounts allocated for the purpose of reducing the Series 2019-3 Class A-1 Outstanding Principal Amount, fees shall be distributed by the Trustee or the Paying Agent, as applicable, on the date due and payable under the Indenture and in the manner provided therein, to the Series 20192014-3 1 Class A-1 Noteholders of record on the applicable Record Date, ratably in proportion to the respective amounts due to such payees at each applicable level of the Priority of Payments in accordance with the applicable Quarterly Noteholders’ Report, the applicable written report provided to the Trustee under the Series 20192014-3 1 Supplement or as provided in Section 3.3 of the Series 20192014-3 1 Supplement. Subject to Section 9.18(c)(ii), any amounts deposited into the Series 20192014-3 1 Class A-1 Distribution Account in respect of outstanding principal or face amounts shall be distributed by the Trustee or the Paying Agent, as applicable, on the date due and payable under the Indenture and in the manner provided therein, to the Series 20192014-3 1 Class A-1 Noteholders of record on the applicable Record Date, in the following order of priority in accordance with the applicable Quarterly Noteholders’ Report, the applicable written report provided to the Trustee under the Series 20192014-3 1 Supplement or as provided in Section 3.3 of the Series 20192014-3 1 Supplement: first, to the Swingline Lender and the L/C Provider in respect of outstanding Swingline Loans and Unreimbursed L/C Drawings, to the extent Unreimbursed L/C Drawings cannot be reimbursed pursuant to Section 2.08, ratably in proportion to the respective amounts due to such payees; second, to the other Series 20192014-3 1 Class A-1 Noteholders in respect of their outstanding Advances, ratably in proportion thereto; and, third, any balance remaining of such amounts (up to an aggregate amount not to exceed the amount of Undrawn L/C Face Amounts at such time) shall be paid to the L/C Provider, to be deposited by the L/C Provider into a cash collateral account in the name of the L/C Provider in accordance with Section 4.03(b). Any amounts distributed to the Administrative Agent pursuant to the Priority of Payments in respect of any other amounts related to the Class A-1 Notes shall be distributed by the Administrative Agent in accordance with Section 4.01 on the date such amounts are due and payable hereunder to the applicable Series 20192014-3 1 Class A-1 Noteholders and/or the Administrative Agent for its own account, as applicable, ratably in proportion to the respective aggregate of such amounts due to such payees.

Appears in 1 contract

Samples: Note Purchase Agreement (DineEquity, Inc)

Order of Distributions. Subject to Section 9.18(c)(ii), any amounts deposited into the Series 20192016-3 1 Class A-1 Distribution Account in respect of accrued interest, letter of credit fees or undrawn commitment fees, but excluding amounts allocated for the purpose of reducing the Series 20192016-3 1 Class A-1 Outstanding Principal AmountBalance, shall be distributed by the Trustee or the Paying Agent, as applicable, on the date due and payable under the Indenture and in the manner provided therein, to the Series 20192016-3 1 Class A-1 Noteholders of record on the applicable Record Date, ratably in proportion to the respective amounts due to such payees at each applicable level of the Priority of Payments in accordance with the applicable Quarterly Noteholders’ ReportReport or Weekly Manager’s Certificate, the applicable written report provided to the Trustee under the Series 2019-3 Supplement or as provided in Section 3.3 of the Series 2019-3 Supplementapplicable. Subject to Section 9.18(c)(ii), any amounts deposited into the Series 20192016-3 1 Class A-1 Distribution Account in respect for the purpose of outstanding principal or face amounts reducing the Series 2016-1 Class A-1 Outstanding Principal Balance shall be distributed by the Trustee or the Paying Agent, as applicable, on the date due and payable under the Indenture and in the manner provided therein, to the Series 20192016-3 1 Class A-1 Noteholders of record on the applicable Record Date, in the following order of priority (which the Issuer shall cause to be set forth in accordance with the applicable Quarterly Noteholders’ ReportReport or Weekly Manager’s Certificate, the applicable written report provided to the Trustee under the Series 2019-3 Supplement or as provided in Section 3.3 of the Series 2019-3 Supplement: applicable): first, to the Swingline Lender and the L/C Provider in respect of outstanding Swingline Loans and Unreimbursed L/C Drawings, to the extent Unreimbursed L/C Drawings cannot be reimbursed pursuant to Section 2.08, ratably in proportion to the respective amounts due to such payees; second, to the other Series 20192016-3 1 Class A-1 Noteholders in respect of their outstanding Advances, ratably in proportion thereto; and, third, any balance remaining of such amounts (up to an aggregate amount not to exceed the amount of Undrawn L/C Face Amounts at such time) shall be paid to the L/C Provider, to be deposited by the L/C Provider into a cash collateral account in the name of the L/C Provider in accordance with Section 4.03(b). Any amounts distributed to the Administrative Agent pursuant to the Priority of Payments in respect of any other amounts related to the Class A-1 Notes shall be distributed by the Administrative Agent in accordance with Section 4.01 on the date such amounts are due and payable hereunder to the applicable Series 20192016-3 1 Class A-1 Noteholders and/or the Administrative Agent for its own account, as applicable, ratably in proportion to the respective aggregate of such amounts due to such payees.

Appears in 1 contract

Samples: Note Purchase Agreement (Yum Brands Inc)

Order of Distributions. Subject to Section 9.18(c)(ii), any amounts deposited into the Series 20192017-3 1 Class A-1 Distribution Account in respect of accrued interest, letter of credit fees or undrawn commitment fees, but excluding amounts allocated for the purpose of reducing the Series 2019-3 Class A-1 Outstanding Principal Amount, fees shall be distributed by the Trustee or the Paying Agent, as applicable, on the date due and payable under the Indenture and in the manner provided therein, to the Series 20192017-3 1 Class A-1 Noteholders of record on the applicable Record Date, ratably in proportion to the respective amounts due to such payees at each applicable level of the Priority of Payments in accordance with the applicable Quarterly Noteholders’ Report, the applicable written report provided to the Trustee under the Series 20192017-3 1 Supplement or as provided 38 in Section 3.3 of the Series 20192017-3 1 Supplement. Subject to Section 9.18(c)(ii), any amounts deposited into the Series 20192017-3 1 Class A-1 Distribution Account in respect of outstanding principal or face amounts shall be distributed by the Trustee or the Paying Agent, as applicable, on the date due and payable under the Indenture and in the manner provided therein, to the Series 20192017-3 1 Class A-1 Noteholders of record on the applicable Record Date, in the following order of priority in accordance with the applicable Quarterly Noteholders’ Report, the applicable written report provided to the Trustee under the Series 20192017-3 1 Supplement or as provided in Section 3.3 of the Series 20192017-3 1 Supplement: first, to the Swingline Lender and the L/C Provider in respect of outstanding Swingline Loans and Unreimbursed L/C Drawings, to the extent Unreimbursed L/C Drawings cannot be reimbursed pursuant to Section 2.08, ratably in proportion to the respective amounts due to such payees; second, to the other Series 20192017-3 1 Class A-1 Noteholders in respect of their outstanding Advances, ratably in proportion thereto; and, third, any balance remaining of such amounts (up to an aggregate amount not to exceed the amount of Undrawn L/C Face Amounts at such time) shall be paid to the L/C Provider, to be deposited by the L/C Provider into a cash collateral account in the name of the L/C Provider in accordance with Section 4.03(b). Any amounts distributed to the Administrative Agent pursuant to the Priority of Payments in respect of any other amounts related to the Class A-1 Notes shall be distributed by the Administrative Agent in accordance with Section 4.01 on the date such amounts are due and payable hereunder to the applicable Series 20192017-3 1 Class A-1 Noteholders and/or the Administrative Agent for its own account, as applicable, ratably in proportion to the respective aggregate of such amounts due to such payees.. Section 4.03

Appears in 1 contract

Samples: Note Purchase Agreement

Order of Distributions. Subject to Section 9.18(c)(ii), any amounts deposited into the Series 20192018-3 1 Class A-1 Distribution Account in respect of accrued interest, letter of credit fees or undrawn commitment fees, but excluding amounts allocated for the purpose of reducing the Series 20192018-3 1 Class A-1 Outstanding Principal Amount, shall be distributed by the Trustee or the Paying Agent, as applicable, on the date due and payable under the Indenture and in the manner provided therein, to the Series 20192018-3 1 Class A-1 Noteholders of record on the applicable Record Date, ratably in proportion to the respective amounts due to such payees at each applicable level of the Priority of Payments in accordance with the applicable Quarterly Noteholders’ ReportReport or Weekly Manager’s Certificate, the applicable written report provided to the Trustee under the Series 2019-3 Supplement or as provided in Section 3.3 of the Series 2019-3 Supplementapplicable. Subject to Section 9.18(c)(ii), any amounts deposited into the Series 20192018-3 1 Class A-1 Distribution Account in respect for the purpose of outstanding principal or face amounts reducing the Series 2018-1 Class A-1 Outstanding Principal Amount shall be distributed by the Trustee or the Paying Agent, as applicable, on the date due and payable under the Indenture and in the manner provided therein, to the Series 20192018-3 1 Class A-1 Noteholders of record on the applicable Record Date, in the following order of priority (which the Co-Issuers shall cause to be set forth in accordance with the applicable Quarterly Noteholders’ ReportReport or Weekly Manager’s Certificate, the applicable written report provided to the Trustee under the Series 2019-3 Supplement or as provided in Section 3.3 of the Series 2019-3 Supplement: applicable): first, to the Swingline Lender and the L/C Provider in respect of outstanding Swingline Loans and Unreimbursed L/C Drawings, to the extent Unreimbursed L/C Drawings cannot be reimbursed pursuant to Section 2.08, ratably in proportion to the respective amounts due to such payees; second, to the other Series 20192018-3 1 Class A-1 Noteholders in respect of their outstanding Advances, ratably in proportion thereto; and, third, any balance remaining of such amounts (up to an aggregate amount not to exceed the amount of Undrawn L/C Face Amounts at such time) shall be paid to the L/C Provider, to be deposited by the L/C Provider into a cash collateral account in the name of the L/C Provider in accordance with Section 4.03(b). Any amounts distributed to the Administrative Agent pursuant to the Priority of Payments in respect of any other amounts related to the Class A-1 Notes shall be distributed by the Administrative Agent in accordance with Section 4.01 on the date such amounts are due and payable hereunder to the applicable Series 20192018-3 1 Class A-1 Noteholders and/or the Administrative Agent for its own account, as applicable, ratably in proportion to the respective aggregate of such amounts due to such payees.

Appears in 1 contract

Samples: Note Purchase Agreement (Dine Brands Global, Inc.)

Order of Distributions. Subject to Section 9.18(c)(ii), any amounts deposited into the Series 2019-3 1 Class A-1 Distribution Account in respect of accrued interest, letter of credit fees or undrawn commitment fees, but excluding amounts allocated for the purpose of reducing the Series 2019-3 1 Class A-1 Outstanding Principal Amount, shall be distributed by the Trustee or the Paying Agent, as applicable, on the date due and payable under the Indenture and in the manner provided therein, to the Series 2019-3 1 Class A-1 Noteholders of record on the applicable Record Date, ratably in proportion to the respective amounts due to such payees at each applicable level of the Priority of Payments in accordance with the applicable Quarterly Noteholders’ ReportReport or Weekly Manager’s Certificate, the applicable written report provided to the Trustee under the Series 2019-3 Supplement or as provided in Section 3.3 of the Series 2019-3 Supplementapplicable. Subject to Section 9.18(c)(ii), any amounts deposited into the Series 2019-3 1 Class A-1 Distribution Account in respect for the purpose of outstanding principal or face amounts reducing the Series 2019-1 Class A-1 Outstanding Principal Amount shall be distributed by the Trustee or the Paying Agent, as applicable, on the date due and payable under the Indenture and in the manner provided therein, to the Series 2019-3 1 Class A-1 Noteholders of record on the applicable Record Date, in the following order of priority (which the Co-Issuers shall cause to be set forth in accordance with the applicable Quarterly Noteholders’ ReportReport or Weekly Manager’s Certificate, the applicable written report provided to the Trustee under the Series 2019-3 Supplement or as provided in Section 3.3 of the Series 2019-3 Supplement: applicable): first, to the Swingline Lender and the L/C Provider in respect of outstanding Swingline Loans and Unreimbursed L/C Drawings, to the extent Unreimbursed L/C Drawings cannot be reimbursed pursuant to Section 2.08, ratably in proportion to the respective amounts due to such payees; second, to the other Series 2019-3 1 Class A-1 Noteholders in respect of their outstanding Advances, ratably in proportion thereto; and, third, any balance remaining of such amounts (up to an aggregate amount not to exceed the amount of Undrawn L/C Face Amounts at such time) shall be paid to the L/C Provider, to be deposited by the L/C Provider into a cash collateral account in the name of the L/C Provider in accordance with Section 4.03(b). Any amounts distributed to the Administrative Agent pursuant to the Priority of Payments in respect of any other amounts related to the Class A-1 Notes shall be distributed by the Administrative Agent in accordance with Section 4.01 on the date such amounts are due and payable hereunder to the applicable Series 2019-3 1 Class A-1 Noteholders and/or the Administrative Agent for its own account, as applicable, ratably in proportion to the respective aggregate of such amounts due to such payees.

Appears in 1 contract

Samples: Note Purchase Agreement (Dine Brands Global, Inc.)

Order of Distributions. Subject to Section 9.18(c)(ii), any amounts deposited into the Series 20192022-3 1 Class A-1 Distribution Account in respect of accrued interest, letter of credit fees or undrawn commitment feesUndrawn Commitment Fees, but excluding amounts allocated for the purpose of reducing the Series 20192022-3 1 Class A-1 Outstanding Principal Amount, shall be distributed by the Trustee or the Paying Agent, as applicable, on the date due and payable under the Indenture and in the manner provided therein, to the Series 20192022-3 1 Class A-1 Noteholders of record on the applicable Record Date, ratably in proportion to the respective amounts due to such payees at each applicable level of the Priority of Payments in accordance with the applicable Quarterly Noteholders’ ReportReport or Weekly Manager’s Certificate, the applicable written report provided to the Trustee under the Series 2019-3 Supplement or as provided in Section 3.3 of the Series 2019-3 Supplementapplicable. Subject to Section 9.18(c)(ii), any amounts deposited into the Series 20192022-3 1 Class A-1 Distribution Account in respect for the purpose of outstanding principal or face amounts reducing the Series 2022-1 Class A-1 Outstanding Principal Amount shall be distributed by the Trustee or the Paying Agent, as applicable, on the date due and payable under the Indenture and in the manner provided therein, to the Series 20192022-3 1 Class A-1 Noteholders of record on the applicable Record Date, in the following order of priority (which the Master Issuer shall cause to be set forth in accordance with the applicable Quarterly Noteholders’ ReportReport or Weekly Manager’s Certificate, the applicable written report provided to the Trustee under the Series 2019-3 Supplement or as provided in Section 3.3 of the Series 2019-3 Supplement: applicable): first, to the Swingline Lender and the L/C Provider in respect of outstanding Swingline Loans and Unreimbursed L/C Drawings, to the extent Unreimbursed L/C Drawings cannot be reimbursed pursuant to Section 2.08, ratably in proportion to the respective amounts due to such payees; second, to the other Series 20192022-3 1 Class A-1 Noteholders in respect of their outstanding Advances, ratably in proportion thereto; and, third, any balance remaining of such amounts (up to an aggregate amount not to exceed the amount of Undrawn L/C Face Amounts at such time) shall be paid to the L/C Provider, to be deposited by the L/C Provider into a cash collateral account in the name of the L/C Provider in accordance with Section 4.03(b). Any amounts distributed to the Administrative Agent pursuant to the Priority of Payments in respect of any other amounts related to the Class A-1 Notes shall be distributed by the Administrative Agent in accordance with Section 4.01 on the date such amounts are due and payable hereunder to the applicable Series 20192022-3 1 Class A-1 Noteholders and/or the Administrative Agent for its own account, as applicable, ratably in proportion to the respective aggregate of such amounts due to such payees.

Appears in 1 contract

Samples: Note Purchase Agreement (European Wax Center, Inc.)

Order of Distributions. Subject to Section 9.18(c)(ii), any amounts deposited into the Series 20192015-3 1 Class A-1 Distribution Account in respect of accrued interest, letter of credit fees or undrawn commitment fees, but excluding amounts allocated for the purpose of reducing the Series 2019-3 Class A-1 Outstanding Principal Amount, fees shall be distributed by the Trustee or the Paying Agent, as applicable, on the date due and payable under the Indenture and in the manner provided therein, to the Series 20192015-3 1 Class A-1 Noteholders of record on the applicable Record Date, ratably in proportion to the respective amounts due to such payees at each applicable level of the Priority of Payments in accordance with the applicable Quarterly Noteholders’ Report, the applicable written report provided to the Trustee under the Series 20192015-3 1 Supplement or as provided in Section 3.3 of the Series 20192015-3 1 Supplement. Subject to Section 9.18(c)(ii), any amounts deposited into the Series 20192015-3 1 Class A-1 Distribution Account in respect of outstanding principal or face amounts shall be distributed by the Trustee or the Paying Agent, as applicable, on the date due and payable under the Indenture and in the manner provided therein, to the Series 20192015-3 1 Class A-1 Noteholders of record on the applicable Record Date, in the following order of priority in accordance with the applicable Quarterly Noteholders’ Report, the applicable written report provided to the Trustee under the Series 20192015-3 1 Supplement or as provided in Section 3.3 of the Series 20192015-3 1 Supplement: first, to the Swingline Lender and the L/C Provider in respect of outstanding Swingline Loans and Unreimbursed L/C Drawings, to the extent Unreimbursed L/C Drawings cannot be reimbursed pursuant to Section 2.08, ratably in proportion to the respective amounts due to such payees; second, to the other Series 20192015-3 1 Class A-1 Noteholders in respect of their outstanding Advances, ratably in proportion thereto; and, third, any balance remaining of such amounts (up to an aggregate amount not to exceed the amount of Undrawn L/C Face Amounts at such time) shall be paid to the L/C Provider, to be deposited by the L/C Provider into a cash collateral account in the name of the L/C Provider in accordance with Section 4.03(b). Any amounts distributed to the Administrative Agent pursuant to the Priority of Payments in respect of any other amounts related to the Class A-1 Notes shall be distributed by the Administrative Agent in accordance with Section 4.01 on the date such amounts are due and payable hereunder to the applicable Series 20192015-3 1 Class A-1 Noteholders and/or the Administrative Agent for its own account, as applicable, ratably in proportion to the respective aggregate of such amounts due to such payees.

Appears in 1 contract

Samples: Note Purchase Agreement (Dunkin' Brands Group, Inc.)

Order of Distributions. Subject to Section 9.18(c)(ii), any amounts deposited into the Series 20192012-3 1 Class A-1 Distribution Account in respect of accrued interest, letter of credit fees or undrawn commitment fees, but excluding amounts allocated for the purpose of reducing the Series 2019-3 Class A-1 Outstanding Principal Amount, fees shall be distributed by the Trustee or the Paying Agent, as applicable, on the date due and payable under the Indenture and in the manner provided therein, to the Series 20192012-3 1 Class A-1 Noteholders of record on the applicable Record Date, ratably in proportion to the respective amounts due to such payees at each applicable level of the Priority of Payments in accordance with the applicable Quarterly Noteholders’ ReportManager’s Certificate, the applicable written report provided to the Trustee under the Series 20192012-3 1 Supplement or as provided in Section 3.3 of the Series 20192012-3 1 Supplement. Subject to Section 9.18(c)(ii), any amounts deposited into the Series 20192012-3 1 Class A-1 Distribution Account in respect of outstanding principal or face amounts shall be distributed by the Trustee or the Paying Agent, as applicable, on the date due and payable under the Indenture and in the manner provided therein, to the Series 20192012-3 1 Class A-1 Noteholders of record on the applicable Record Date, in the following order of priority in accordance with the applicable Quarterly Noteholders’ ReportManager’s Certificate, the applicable written report provided to the Trustee under the Series 20192012-3 1 Supplement or as provided in Section 3.3 of the Series 20192012-3 1 Supplement: first, to the Swingline Lender and the L/C Provider in respect of outstanding Swingline Loans and Unreimbursed L/C Drawings, to the extent Unreimbursed L/C Drawings cannot be reimbursed pursuant to Section 2.08, ratably in proportion to the respective amounts due to such payees; second, to the other Series 20192012-3 1 Class A-1 Noteholders in respect of their outstanding Advances, ratably in proportion thereto; and, third, any balance remaining of such amounts (up to an aggregate amount not to exceed the amount of Undrawn L/C Face Amounts at such time) shall be paid to the L/C Provider, to be deposited by the L/C Provider into a cash collateral account in the name of the L/C Provider in accordance with Section 4.03(b). Any amounts distributed to the Administrative Agent pursuant to the Priority of Payments in respect of any other amounts related to the Class A-1 Notes shall be distributed by the Administrative Agent in accordance with Section 4.01 on the date such amounts are due and payable hereunder to the applicable Series 20192012-3 1 Class A-1 Noteholders and/or the Administrative Agent for its own account, as applicable, ratably in proportion to the respective aggregate of such amounts due to such payees.

Appears in 1 contract

Samples: Note Purchase Agreement (Dominos Pizza Inc)

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Order of Distributions. Subject to Section 9.18(c)(ii), any amounts deposited into the Series 20192017-3 1 Class A-1 Distribution Account in respect of accrued interest, letter of credit fees or undrawn commitment fees, but excluding amounts allocated for the purpose of reducing the Series 2019-3 Class A-1 Outstanding Principal Amount, fees shall be distributed by the Trustee or the Paying Agent, as applicable, on the date due and payable under the Indenture and in the manner provided therein, to the Series 20192017-3 1 Class A-1 Noteholders of record on the applicable Record Date, ratably in proportion to the respective amounts due to such payees at each applicable level of the Priority of Payments in accordance with the applicable Quarterly Noteholders’ Report, the applicable written report provided to the Trustee under the Series 20192017-3 1 Supplement or as provided 38 in Section 3.3 of the Series 20192017-3 1 Supplement. Subject to Section 9.18(c)(ii), any amounts deposited into the Series 20192017-3 1 Class A-1 Distribution Account in respect of outstanding principal or face amounts shall be distributed by the Trustee or the Paying Agent, as applicable, on the date due and payable under the Indenture and in the manner provided therein, to the Series 20192017-3 1 Class A-1 Noteholders of record on the applicable Record Date, in the following order of priority in accordance with the applicable Quarterly Noteholders’ Report, the applicable written report provided to the Trustee under the Series 20192017-3 1 Supplement or as provided in Section 3.3 of the Series 20192017-3 1 Supplement: first, to the Swingline Lender and the L/C Provider in respect of outstanding Swingline Loans and Unreimbursed L/C Drawings, to the extent Unreimbursed L/C Drawings cannot be reimbursed pursuant to Section 2.08, ratably in proportion to the respective amounts due to such payees; second, to the other Series 20192017-3 1 Class A-1 Noteholders in respect of their outstanding Advances, ratably in proportion thereto; and, third, any balance remaining of such amounts (up to an aggregate amount not to exceed the amount of Undrawn L/C Face Amounts at such time) shall be paid to the L/C Provider, to be deposited by the L/C Provider into a cash collateral account in the name of the L/C Provider in accordance with Section 4.03(b). Any amounts distributed to the Administrative Agent pursuant to the Priority of Payments in respect of any other amounts related to the Class A-1 Notes shall be distributed by the Administrative Agent in accordance with Section 4.01 on the date such amounts are due and payable hereunder to the applicable Series 20192017-3 1 Class A-1 Noteholders and/or the Administrative Agent for its own account, as applicable, ratably in proportion to the respective aggregate of such amounts due to such payees.

Appears in 1 contract

Samples: Note Purchase Agreement (Dunkin' Brands Group, Inc.)

Order of Distributions. Subject to Section 9.18(c)(ii), any amounts deposited into the Series 20192020-3 1 Class A-1 Distribution Account in respect of accrued interest, letter of credit fees or undrawn commitment fees, but excluding amounts allocated for the purpose of reducing the Series 20192020-3 1 Class A-1 Outstanding Principal Amount, shall be distributed by the Trustee or the Paying Agent, as applicable, on the date due and payable under the Indenture and in the manner provided therein, to the Series 20192020-3 1 Class A-1 Noteholders of record on the applicable Record Date, ratably in proportion to the respective amounts due to such payees at each applicable level of the Priority of Payments in accordance with the applicable Quarterly Noteholders’ ReportReport or Weekly Manager’s Certificate, the applicable written report provided to the Trustee under the Series 2019-3 Supplement or as provided in Section 3.3 of the Series 2019-3 Supplementapplicable. Subject to Section 9.18(c)(ii), any amounts deposited into the Series 20192020-3 1 Class A-1 Distribution Account in respect for the purpose of outstanding principal or face amounts reducing the Series 2020-1 Class A-1 Outstanding Principal Amount shall be distributed by the Trustee or the Paying Agent, as applicable, on the date due and payable under the Indenture and in the manner provided therein, to the Series 20192020-3 1 Class A-1 Noteholders of record on the applicable Record Date, in the following order of priority (which the Issuer shall cause to be set forth in accordance with the applicable Quarterly Noteholders’ ReportReport or Weekly Manager’s Certificate, the applicable written report provided to the Trustee under the Series 2019-3 Supplement or as provided in Section 3.3 of the Series 2019-3 Supplement: applicable): first, to the Swingline Lender and the L/C Provider in respect of outstanding Swingline Loans and Unreimbursed L/C Drawings, to the extent Unreimbursed L/C Drawings cannot be reimbursed pursuant to Section 2.08, ratably in proportion to the respective amounts due to such payees; second, to the other Series 20192020-3 1 Class A-1 Noteholders in respect of their outstanding Advances, ratably in proportion thereto; and, third, any balance remaining of such amounts (up to an aggregate amount not to exceed the amount of Undrawn L/C Face Amounts at such time) shall be paid to the L/C Provider, to be deposited by the L/C Provider into a cash collateral account in the name of the L/C Provider in accordance with Section 4.03(b). Any amounts distributed to the Administrative Agent pursuant to the Priority of Payments in respect of any other amounts related to the Class A-1 Notes shall be distributed by the Administrative Agent in accordance with Section 4.01 on the date such amounts are due and payable hereunder to the applicable Series 20192020-3 1 Class A-1 Noteholders and/or the Administrative Agent for its own account, as applicable, ratably in proportion to the respective aggregate of such amounts due to such payees.

Appears in 1 contract

Samples: Note Purchase Agreement (Vale Merger Sub, Inc.)

Order of Distributions. Subject to Section 9.18(c)(ii), any amounts deposited into the Series 20192018-3 1 Class A-1 Distribution Account in respect of accrued interest, letter of credit fees or undrawn commitment fees, but excluding amounts allocated for the purpose of reducing the Series 20192018-3 1 Class A-1 Outstanding Principal Amount, shall be distributed by the Trustee or the Paying Agent, as applicable, on the date due and payable under the Indenture and in the manner provided therein, to the Series 20192018-3 1 Class A-1 Noteholders of record on the applicable Record Date, ratably in proportion to the respective amounts due to such payees at each applicable level of the Priority of Payments in accordance with the applicable Quarterly Noteholders’ ReportReport or Weekly Manager’s Certificate, the applicable written report provided to the Trustee under the Series 2019-3 Supplement or as provided in Section 3.3 of the Series 2019-3 Supplementapplicable. Subject to Section 9.18(c)(ii), any amounts deposited into the Series 20192018-3 1 Class A-1 Distribution Account in respect for the purpose of outstanding principal or face amounts reducing the Series 2018-1 Class A-1 Outstanding Principal Amount shall be distributed by the Trustee or the Paying Agent, as applicable, on the date due and payable under the Indenture and in the manner provided therein, to the Series 20192018-3 1 Class A-1 Noteholders of record on the applicable Record Date, in the following order of priority (which the Issuer shall cause to be set forth in accordance with the applicable Quarterly Noteholders’ ReportReport or Weekly Manager’s Certificate, the applicable written report provided to the Trustee under the Series 2019-3 Supplement or as provided in Section 3.3 of the Series 2019-3 Supplement: applicable): first, to the Swingline Lender and the L/C Provider in respect of outstanding Swingline Loans and Unreimbursed L/C Drawings, to the extent Unreimbursed L/C Drawings cannot be reimbursed pursuant to Section 2.08, ratably in proportion to the respective amounts due to such payees; second, to the other Series 20192018-3 1 Class A-1 Noteholders in respect of their outstanding Advances, ratably in proportion thereto; and, third, any balance remaining of such amounts (up to an aggregate amount not to exceed the amount of Undrawn L/C Face Amounts at such time) shall be paid to the L/C Provider, to be deposited by the L/C Provider into a cash collateral account in the name of the L/C Provider in accordance with Section 4.03(b). Any amounts distributed to the Administrative Agent pursuant to the Priority of Payments in respect of any other amounts related to the Class A-1 Notes shall be distributed by the Administrative Agent in accordance with Section 4.01 on the date such amounts are due and payable hereunder to the applicable Series 20192018-3 1 Class A-1 Noteholders and/or the Administrative Agent for its own account, as applicable, ratably in proportion to the respective aggregate of such amounts due to such payees.

Appears in 1 contract

Samples: Note Purchase Agreement (Wingstop Inc.)

Order of Distributions. (Amounts Distributed by the Indenture Trustee or the Series 2021-1 Class A-1 Administrative Agent). Subject to the application of Section 9.18(c)(ii)) to Defaulting Investors, any amounts deposited into the Series 2019-3 Class A-1 Distribution Collection Account in respect of accrued interest, letter of credit fees or undrawn commitment fees, but excluding amounts allocated for the purpose of reducing the Series 20192021-3 1 Class A-1 Outstanding Principal Amount, shall be distributed by the Indenture Trustee or the Paying AgentSeries 2021-1 Class A-1 Administrative Agent under the Indenture, as applicable, on the date due and payable under the Indenture and in the manner provided therein, to the Series 20192021-3 1 Class A-1 Noteholders of record on the applicable Record Date, ratably in proportion to the respective amounts due to such payees at each applicable level of the Priority of Payments in accordance with the applicable Quarterly Noteholders’ Manager Report, the applicable written report provided to the Trustee under the Series 2019-3 Supplement or as provided in Section 3.3 of the Series 2019-3 Supplement. Subject to the application of Section 9.18(c)(ii)) to Defaulting Investors, any amounts deposited into the Collection Account for the purpose of reducing the Series 20192021-3 1 Class A-1 Distribution Account in respect of outstanding principal or face amounts Outstanding Principal Amount shall be distributed by the Indenture Trustee or the Paying AgentSeries 2021-1 Class A-1 Administrative Agent under the Indenture, as applicable, on the date due and payable under the Indenture and in the manner provided therein, to the Series 20192021-3 1 Class A-1 Noteholders of record on the applicable Record Date, in the following order of priority in accordance with the applicable Quarterly Noteholders’ Report, the applicable written report provided to the Trustee under the Series 2019-3 Supplement or as provided in Section 3.3 of the Series 2019-3 Supplementpriority: first, to the Swingline Lender and the L/C each Letter of Credit Provider in respect of outstanding Swingline Loans and Unreimbursed L/C Drawings, to the extent Unreimbursed L/C Drawings cannot be reimbursed pursuant to Section 2.082.07, ratably in proportion to the respective amounts due to such payees; second, to the other to the Series 20192021-3 1 Class A-1 Noteholders in respect of their outstanding Advances, ratably in proportion thereto; and, and third, any balance remaining of such amounts (up to an aggregate amount not to exceed the amount of Undrawn L/C Face Amounts at such time) shall be paid to the L/C Provider, Letter of Credit Provider to be deposited by the L/C Letter of Credit Provider into a cash collateral account in the name of the L/C Provider in accordance with Section 4.03(b)Letter of Credit Provider. Any amounts distributed to the Series 2021-1 Class A-1 Administrative Agent for disbursement to the applicable Funding Agent as provided herein pursuant to the Priority of Payments in respect of any other amounts related to the Class A-1 Notes shall be distributed by the Series 2021-1 Class A-1 Administrative Agent in accordance with Section 4.01 on the date such amounts are due and payable hereunder to the applicable Series 20192021-3 1 Class A-1 Noteholders and/or the Series 2021-1 Class A-1 Administrative Agent for its own account, as applicable, ratably in proportion to the respective aggregate of such amounts due to such payees.

Appears in 1 contract

Samples: Note Purchase Agreement (DigitalBridge Group, Inc.)

Order of Distributions. Subject to Section 9.18(c)(ii), any amounts deposited into the Series 20192022-3 1 Class A-1 Distribution Account in respect of accrued interest, letter of credit fees or undrawn commitment fees, but excluding amounts allocated for the purpose of reducing the Series 20192022-3 1 Class A-1 Outstanding Principal Amount, shall be distributed by the Trustee or the Paying Agent, as applicable, on the date due and payable under the Indenture and in the manner provided therein, to the Series 20192022-3 1 Class A-1 Noteholders of record on the applicable Record Date, ratably in proportion to the respective amounts due to such payees at each applicable level of the Priority of Payments in accordance with the applicable Quarterly Noteholders’ Report, the applicable written report provided to the Trustee under the Series 20192022-3 1 Supplement or as provided in Section 3.3 of the Series 20192022-3 1 Supplement. Subject to Section 9.18(c)(ii), any amounts deposited into the Series 20192022-3 1 Class A-1 Distribution Account in respect of outstanding principal or face amounts shall be distributed by the Trustee or the Paying Agent, as applicable, on the date due and payable under the Indenture and in the manner provided therein, to the Series 20192022-3 1 Class A-1 Noteholders of record on the applicable Record Date, in the following order of priority in accordance with the applicable Quarterly Noteholders’ Report, the applicable written report provided to the Trustee under the Series 20192022-3 1 Supplement or as provided in Section 3.3 of the Series 20192022-3 1 Supplement: first, to the Swingline Lender and the L/C Provider in respect of outstanding Swingline Loans and Unreimbursed L/C Drawings, to the extent Unreimbursed L/C Drawings cannot be reimbursed pursuant to Section 2.08, ratably in proportion to the respective amounts due to such payees; second, to the other Series 20192022-3 1 Class A-1 Noteholders in respect of their outstanding Advances, ratably in proportion thereto; and, third, any balance remaining of such amounts (up to an aggregate amount not to exceed the amount of Undrawn L/C Face Amounts at such time) shall be paid to the L/C Provider, to be deposited by the L/C Provider into a cash collateral account in the name of the L/C Provider in accordance with Section 4.03(b). Any amounts distributed to the Administrative Agent pursuant to the Priority of Payments in respect of any other amounts related to the Class A-1 Notes shall be distributed by the Administrative Agent in accordance with Section 4.01 on the date such amounts are due and payable hereunder to the applicable Series 20192022-3 1 Class A-1 Noteholders and/or the Administrative Agent for its own account, as applicable, ratably in proportion to the respective aggregate of such amounts due to such payees.

Appears in 1 contract

Samples: Note Purchase Agreement (Dominos Pizza Inc)

Order of Distributions. Subject to Section 9.18(c)(ii), any amounts deposited into the Series 20192017-3 1 Class A-1 Distribution Account in respect of accrued interest, letter of credit fees or undrawn commitment fees, but excluding amounts allocated for the purpose of reducing the Series 20192017-3 1 Class A-1 Outstanding Principal AmountBalance, shall be distributed by the Trustee or the Paying Agent, as applicable, on the date due and payable under the Indenture and in the manner provided therein, to the Series 20192017-3 1 Class A-1 Noteholders of record on the applicable Record Date, ratably in proportion to the respective amounts due to such payees at each applicable level of the Priority of Payments in accordance with the applicable Quarterly Noteholders’ ReportReport or Weekly Manager’s Certificate, the applicable written report provided to the Trustee under the Series 2019-3 Supplement or as provided in Section 3.3 of the Series 2019-3 Supplementapplicable. Subject to Section 9.18(c)(ii), any amounts deposited into the Series 20192017-3 1 Class A-1 Distribution Account in respect for the purpose of outstanding principal or face amounts reducing the Series 2017-1 Class A-1 Outstanding Principal Balance shall be distributed by the Trustee or the Paying Agent, as applicable, on the date due and payable under the Indenture and in the manner provided therein, to the Series 20192017-3 1 Class A-1 Noteholders of record on the applicable Record Date, in the following order of priority (which the Co-Issuers shall cause to be set forth in accordance with the applicable Quarterly Noteholders’ ReportReport or Weekly Manager’s Certificate, the applicable written report provided to the Trustee under the Series 2019-3 Supplement or as provided in Section 3.3 of the Series 2019-3 Supplement: applicable): first, to the Swingline Lender and the L/C Provider in respect of outstanding Swingline Loans and Unreimbursed L/C Drawings, to the extent Unreimbursed L/C Drawings cannot be reimbursed pursuant to Section 2.08, ratably in proportion to the respective amounts due to such payees; second, to the other Series 20192017-3 1 Class A-1 Noteholders in respect of their outstanding Advances, ratably in proportion thereto; and, third, any balance remaining of such amounts (up to an aggregate amount not to exceed the amount of Undrawn L/C Face Amounts at such time) shall be paid to the L/C Provider, to be deposited by the L/C Provider into a cash collateral account in the name of the L/C Provider in accordance with Section 4.03(b). Any amounts distributed to the Funding Administrative Agent pursuant to the Priority of Payments in respect of any other amounts related to the Class A-1 Notes shall be distributed by the Funding Administrative Agent in accordance with Section 4.01 on the date such amounts are due and payable hereunder to the applicable Series 20192017-3 1 Class A-1 Noteholders and/or the Funding Administrative Agent for its own account, as applicable, ratably in proportion to the respective aggregate of such amounts due to such payees.

Appears in 1 contract

Samples: Note Purchase Agreement (Jay Merger Sub, Inc.)

Order of Distributions. (Amounts Distributed by the Indenture Trustee). Subject to the application of Section 9.18(c)(ii)) to Defaulting Investors, any amounts deposited into the Series 2019Debt Service Sub-3 Class A-1 Distribution Account in respect of accrued interest, letter of credit fees interest or undrawn commitment fees, but excluding amounts allocated for the purpose of reducing the Series 20192018-3 1 Class A-1 A Outstanding Principal Amount, shall be distributed by the Indenture Trustee or under the Paying Agent, as applicable, Indenture on the date due and payable under the Indenture and in the manner provided therein, to the Series 20192018-3 1 Class A-1 A Noteholders of record on the applicable Record Date, ratably in proportion to the respective amounts due to such payees at each applicable level of the Priority of Payments in accordance with the applicable Quarterly Noteholders’ Determination Date Report, the applicable written report provided to the Trustee under the Series 2019-3 Supplement or as provided in Section 3.3 of the Series 2019-3 Supplement. Subject to the application of Section 9.18(c)(ii)) to Defaulting Investors, any amounts deposited into the Series 2019Account for the Series 2018-3 1 Class A-1 Distribution Account in respect A Notes for the purpose of outstanding principal or face amounts reducing the Series 2018-1 Class A Outstanding Principal Amount shall be distributed by the Indenture Trustee or under the Paying Agent, as applicable, Indenture on the date due and payable under the Indenture and in the manner provided therein, to the Series 20192018-3 1 Class A-1 A Noteholders of record on the applicable Record Date, in the following order of priority in accordance with the applicable Quarterly Noteholders’ Report, the applicable written report provided to the Trustee under the Series 20192018-3 Supplement or as provided in Section 3.3 of the Series 2019-3 Supplement: first, to the Swingline Lender and the L/C Provider in respect of outstanding Swingline Loans and Unreimbursed L/C Drawings, to the extent Unreimbursed L/C Drawings cannot be reimbursed pursuant to Section 2.08, ratably in proportion to the respective amounts due to such payees; second, to the other Series 2019-3 1 Class A-1 A Noteholders in respect of their outstanding Advances, ratably in proportion thereto; and, third, any balance remaining of such amounts (up to an aggregate amount not to exceed the amount of Undrawn L/C Face Amounts at such time) shall be paid to the L/C Provider, to be deposited by the L/C Provider into a cash collateral account in the name of the L/C Provider in accordance with Section 4.03(b). Any amounts distributed to the Administrative Agent for disbursement to the applicable Funding Agent as provided herein pursuant to the Priority of Payments in respect of any other amounts related to the Class A-1 A Notes shall be distributed by the Administrative Agent in accordance with Section 4.01 on the date such amounts are due and payable hereunder to the applicable Series 20192018-3 1 Class A-1 A Noteholders and/or the Administrative Agent for its own account, as applicable, ratably in proportion to the respective aggregate of such amounts due to such payees.. (ii) At all times on and after the Commitment Termination Date, principal payments shall be due and payable on the Series 2018-1 Class A Notes as and when amounts are made available for payment thereof on each Payment Date during such period in accordance with Section 2.11 of the Indenture, in the amount so made available. Such payments shall be allocated among the Series 2018-1 27 DMSLIBRARY01\32647597

Appears in 1 contract

Samples: Note Purchase Agreement (Spirit MTA REIT)

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