Post-Enforcement Priority of Payments. Upon receipt of a FleetCo Enforcement Notice from the FleetCo Security Agent, the Borrower shall pay interest and repay all FleetCo Advances subject to and in accordance with the Dutch FleetCo Spanish Post-Enforcement Priority of Payments.
Post-Enforcement Priority of Payments. All monies received or recovered by the Security Trustee or the Receiver in respect of the Funding 1 Security subsequent to the Security Trustee serving an Intercompany Loan Acceleration Notice on Funding 1, will be applied (save to the extent required by law) by the Security Trustee or the Receiver on each Funding 1 Interest Payment Date in accordance with the following order of priority (in each case only and to the extent that payments or provision of a higher priority have been made in full):
Post-Enforcement Priority of Payments. After the Security has become enforceable in accordance with Clause 12 (Security Enforceable), all monies held in the Charged Accounts (including, for the avoidance of doubt, any monies standing to the credit of the General Reserve Ledger) and the Trust Proceeds (after deduction of all costs and expenses incurred by the Trustee in obtaining receipt or recovery of the Trust Proceeds and notwithstanding the provisions of Sections 106(3) (Mortgagee's receipts), 107 (Application of proceeds of sale) and 109 (Application of money received) of the Land and Conveyancing Act) shall be held by the Trustee upon trust to be applied in payment, in the amounts required, each in the following order of priority:
Post-Enforcement Priority of Payments. 2.1 In relation to each Transaction, after taking into account Excluded Amounts, the funds standing to the credit of the relevant Transaction Account and the Senior Expense Reserve (if required), after the delivery of an Enforcement Notice will be applied in the order of priority set out below -
Post-Enforcement Priority of Payments. After the Security has become enforceable in accordance with Clause 11 (Security Enforceable), all monies held in the Charged Accounts (including, for the avoidance of doubt, any monies standing to the credit of the General Reserve Ledger) and the Trust Proceeds (after deduction of all costs and expenses incurred by the Trustee in obtaining receipt or recovery of the Trust Proceeds) shall be held by the Trustee upon trust to be applied in payment, in the amounts required, each in accordance with the Post-Enforcement Priority of Payments as set out in Clause 14.1 (Post-Enforcement Priority of Payments) of the Irish Deed of Charge.
Post-Enforcement Priority of Payments. During an Enforcement Period each Borrower Secured Creditor agrees that:
Post-Enforcement Priority of Payments. After the Enforcement Conditions have been fulfilled, the Post-Enforcement Available Distribution Amount will be applied on each Payment Date towards the discharge of the claims of the Noteholders and the other creditors of the Issuer in accordance with the following priority of payments (in sequential order and only to the extent that the more senior ranking items have been paid):
Post-Enforcement Priority of Payments. (a) first, in or towards satisfaction of pro rata and pari passu according to the respective amounts thereof of:
Post-Enforcement Priority of Payments. Following the issue of an Enforcement Notice, all monies standing to the credit of the Issuer Accounts and received by the Issuer (or the Security Agent or the Administrator) will be applied in the priority order set out in Condition 2.6.
Post-Enforcement Priority of Payments. Upon the service of an Enforcement Notice on the Issuer, the Security Trustee shall apply all moneys received by it under this Deed in connection with the realisation or enforcement of the Security, as follows (such order of application being the “Post-Enforcement Priority of Payments”):
