OWNER'S SECOND PRIORITY Sample Clauses

OWNER'S SECOND PRIORITY. Owner’s Second Priority shall accrue in equal monthly installments on the first day of each Fiscal Month, pro-rated for any partial month, and shall be paid as provided in Section 10.1; provided, however, all accrued and unpaid Owner’s Second Priority shall be due and payable upon the expiration or earlier termination of the Term. Appropriate adjustments shall be made to reflect any change in Owner’s Second Priority on account of advances made by Owner or Purchaser pursuant to Sections 5.2(c)(ii) when such advances are made, provided any additional amounts of Owner’s Second Priority due by reason of any such advance for the month in which such advance is made shall not be due and payable until the first Business Day of the month next after the date as of which such change occurs.