Priority of HSFC Upon Decrease in Recourse Amounts Clause Samples

Priority of HSFC Upon Decrease in Recourse Amounts. Payments to HSFC. (a) Notwithstanding any other provision hereof, if (x) the Lease Balance exceeds the Permitted Lease Balance and (y) there has been a decrease in the Construction Period Maximum Guaranty Amount or the Residual Value Guaranty Amount as a result of a Force Majeure Loss, then to the extent of such decrease HSFC shall be entitled to priority of distribution ahead of any distribution by the Collateral Agent in respect of principal amounts owed, interest or Yield on B Loans or Investor Amounts pursuant to Section 10.3,10.5 or 10.8, as applicable. (b) All payments to HSFC required by this Participation Agreement which are not required to be made to the Commercial Paper Account of HSFC shall be made to the HSFC Operating Account.