Common use of Priority of Payments Clause in Contracts

Priority of Payments. On (w) each Interest Payment Date, (x) the Maturity Date, (y) any date after the occurrence of a Market Value Event and (z) any date after the Maturity Date following an Event of Default and the declaration of the Secured Obligations as due and payable (each date set forth in clauses (y) and (z) above, an "Additional Distribution Date"), the Collateral Agent shall distribute all amounts in the Collection Account in the following order of priority (the "Priority of Payments"):

Priority of Payments. On (w) each Interest Payment Date, (x) the Maturity Date, (y) any date each Agent Business Day after the occurrence of a Market Value Event and (z) any date each Agent Business Day after the Maturity Date following occurrence of an Event of Default and the declaration of the Secured Obligations as due and payable (each date set forth in clauses (y) and (z) above, an "“Additional Distribution Payment Date"”), the Collateral Agent shall distribute all amounts in the Collection Account in the following order of priority (the "“Priority of Payments"”):

Priority of Payments. On (w) each Interest Payment Date, (x) the Maturity Date, (y) any date after the occurrence of a Market Value Event and (z) any date after the Maturity Date following an Event of Default and the declaration of the Secured Obligations as due and payable (each date set forth in clauses (y) and (z) above, an "“Additional Distribution Date"”), the Collateral Agent shall distribute all amounts in the Collection Account in the following order of priority (the "“Priority of Payments"”):

Priority of Payments. On (w) each Interest Payment Date, (x) the Maturity Date, (y) any date each Agent Business Day after the occurrence of a Market Value Event and (z) any date each Agent Business Day after the Maturity Date following occurrence of an Event of Default and the declaration of the Secured Obligations as due and payable (each date set forth in clauses (y) and (z) above, an "“Additional Distribution Date"”), the Collateral Agent shall distribute all amounts in the Collection Account Accounts in the following order of priority (the "“Priority of Payments"”):

Priority of Payments. On (w) each Interest Payment Date, (x) the Maturity Date, (y) any date each Agent Business Day after the occurrence of a Market Value Event and (z) any date each Agent Business Day after the Maturity Date following occurrence of an Event of Default and the declaration of the Secured Obligations as due and payable (each date set forth in clauses (y) and (z) above, an "Additional Distribution Date"), the Collateral Agent shall distribute all amounts in the Collection Account Accounts in the following order of priority (the "Priority of Payments"):