Common use of Payment Date Second Step Withdrawals Clause in Contracts

Payment Date Second Step Withdrawals. (a) On each Payment Date, after the applicable transfers provided for in Section 3.5 have been made, based solely on the information contained in the Distribution Report prepared by the Servicer in respect of that Payment Date, the Trustee shall distribute (or instruct the Paying Agent to distribute) from the Collection Account the amounts set forth below in the order of priority set forth below but, in each case, only to the extent that all amounts then required to be paid ranking prior thereto have been paid in full (the “Priority of Payments”):

Payment Date Second Step Withdrawals. (a) On Subject to Section 3.6(d), on each Payment Date, after the applicable transfers provided for in Section 3.5 have been made, based solely on the information contained in the Distribution Report prepared by the Servicer in respect of that Payment Date, the Trustee shall distribute (or instruct the Paying Agent to distribute) from the Collection Account the amounts set forth below in the order of priority set forth below but, in each case, only to the extent that all amounts then required to be paid ranking prior thereto have been paid in full (the “Priority of Payments”):full:

Payment Date Second Step Withdrawals. (a) On each Payment Date, after the applicable transfers provided for in Section 3.5 3.6 have been made, based solely on made and after the information contained in the Distribution Report prepared by the Servicer in respect making of that any Parent Shortfall Payment Datepursuant to Section 3.9, the Trustee shall distribute (or instruct the Paying Agent to distribute) from the Collection Account the amounts set forth below in the order of priority set forth below but, in each case, only to the extent that all amounts then required to be paid ranking prior thereto have been paid in full (the “Priority of Payments”):full:

Payment Date Second Step Withdrawals. (a) On Subject to Section 3.7(d), on each Payment Date, after the applicable transfers provided for in Section 3.5 3.6 have been made, based solely on the information contained in the Distribution Report prepared by the Servicer in respect of that Payment Date, the Trustee shall distribute (or instruct the Paying Agent to distribute) from the Collection Account the amounts set forth below in the order of priority set forth below but, in each case, only to the extent that all amounts then required to be paid ranking prior thereto have been paid in full (the “Priority of Payments”):full:

Payment Date Second Step Withdrawals. (a) On Subject to Section 3.4 and Section 3.7(d), on each Payment Date, after the applicable transfers provided for in Section 3.5 3.6 have been made, based solely on after the information contained in the Distribution Report prepared by the Servicer in respect making of that any Seller Shortfall Payment Datepursuant to Section 3.11 and after giving effect to Section 3.7(e), the Trustee shall distribute (or instruct the Paying Agent to distribute) from the Collection Account the amounts set forth below in the order of priority set forth below but, in each case, only to the extent that all amounts then required to be paid ranking prior thereto have been paid in full (the “Priority of Payments”):full:

Payment Date Second Step Withdrawals. (a) On Subject to Section 3.7(e), on each Payment Date, after the applicable transfers provided for in Section 3.5 3.6 have been made, based solely on the information contained in the Distribution Report prepared by the Servicer in respect of that Payment Date, the Trustee shall distribute (or instruct the Paying Agent to distribute) from the Collection Account the amounts set forth below in the order of priority set forth below but, in each case, only to the extent that all amounts then required to be paid ranking prior thereto have been paid in full (the “Priority of Payments”):full:

Payment Date Second Step Withdrawals. (a) On each Payment Date, after the applicable transfers provided for in Section 3.5 3.6 have been mademade and after making the distributions from the Redemption Account, based solely on if any, pursuant to Section 3.10(a), and after the information contained in the Distribution Report prepared by the Servicer in respect making of that any Parent Shortfall Payment Datepursuant to Section 3.9, the Trustee shall distribute (or instruct the Paying Agent to distribute) from the Collection Account the amounts set forth below in the order of priority set forth below but, in each case, only to the extent that all amounts then required to be paid ranking prior thereto have been paid in full (the “Priority of Payments”):full: