Common use of Sale of Trust Assets Clause in Contracts

Sale of Trust Assets. (a) Upon any sale of the assets of the Trust pursuant to Section 9.02 of the Trust Agreement, the Servicer shall instruct the Indenture Trustee to deposit the proceeds from such sale after all payments and reserves therefrom have been made (the "INSOLVENCY PROCEEDS") in the Collection Account. On the Distribution Date on which the Insolvency Proceeds are deposited in the Collection Account (or, if such proceeds are not so deposited on a Distribution Date, on the Distribution Date immediately following such deposit), the Servicer shall instruct the Indenture Trustee to make the following deposits (after the application on such Distribution Date of Available Monies and funds on deposit in the Reserve Fund pursuant to Section 7.06) from the Insolvency Proceeds as if (and in the same order of priority as) the Insolvency Proceeds were Available Monies being allocated and distributed on such date pursuant to Section 7.06(b).

Sale of Trust Assets. (a) Upon any sale of the assets of the Trust pursuant to Section 9.02 of the Trust Agreement, the Servicer shall instruct the Indenture Trustee to deposit the proceeds from such sale after all payments and reserves therefrom have been made (the "INSOLVENCY PROCEEDS") in the Collection Account. On the Distribution Date on which the Insolvency Proceeds are deposited in the Collection Account (or, if such proceeds are not so deposited on a Distribution Date, on the Distribution Date immediately following such deposit), the Servicer shall instruct the Indenture Trustee to make the following deposits allocate and apply (after the application on such Distribution Date of Available Monies Amounts and funds on deposit in the Reserve Fund pursuant to Section 7.067.04) from the Insolvency Proceeds as if (and in the same order of priority as) the Insolvency Proceeds were Available Monies Amounts being allocated and distributed on such date pursuant to Section 7.06(b7.04(b).

Sale of Trust Assets. (a) Upon any sale of the assets of the Trust pursuant to Section 9.02 of the Trust Agreement, the Servicer shall instruct the Indenture Trustee in writing to deposit the proceeds from such sale after all payments and reserves therefrom have been made (the "INSOLVENCY PROCEEDSInsolvency Proceeds") in the Collection Account. On the Distribution Date on which the Insolvency Proceeds are deposited in the Collection Account (or, if such proceeds are not so deposited on a Distribution Date, on the Distribution Date immediately following such deposit), the Servicer shall instruct the Indenture Trustee in writing to make the following deposits allocate and apply (after the application on such Distribution Date of Available Monies Amounts and funds on deposit in the Reserve Fund pursuant to Section 7.067.04) from the Insolvency Proceeds as if (and in the same order of priority as) the Insolvency Proceeds were Available Monies Amounts being allocated and distributed on such date pursuant to Section 7.06(b7.04(b).

Sale of Trust Assets. (a) Upon any sale transfer of the assets of the Trust pursuant to Section 9.02 of the Trust Agreement, the Servicer shall instruct the Indenture Trustee to deposit the proceeds from such sale transfer after all payments and reserves therefrom have been made (the "INSOLVENCY PROCEEDS") in the Collection Account. On the Distribution Date on which the Insolvency Proceeds are deposited in the Collection Account (or, if such proceeds are not so deposited on a Distribution Date, on the Distribution Date immediately following such deposit), the Servicer shall instruct the Indenture Trustee to make the following deposits allocate and apply (after the application on such Distribution Date of Available Monies Amounts and funds on deposit in the Reserve Fund pursuant to Section 7.067.05) from the Insolvency Proceeds as if (and in the same order of priority as) the Insolvency Proceeds were Available Monies Amounts being allocated and distributed on such date pursuant to Section 7.06(b7.05(b).

Sale of Trust Assets. (a) Upon any sale of the assets of the Trust pursuant to Section 9.02 of the Trust Agreement, the Servicer shall instruct the Indenture Trustee to deposit the proceeds from such sale after all payments and reserves therefrom have been made (the "INSOLVENCY PROCEEDS"“Insolvency Proceeds”) in the Collection Account. On the Distribution Date on which the Insolvency Proceeds are deposited in the Collection Account (or, if such proceeds are not so deposited on a Distribution Date, on the Distribution Date immediately following such deposit), the Servicer shall instruct the Indenture Trustee to make the following deposits (after the application on such Distribution Date of Available Monies and funds on deposit in the Reserve Fund pursuant to Section 7.06) from the Insolvency Proceeds as if (and in the same order of priority as) the Insolvency Proceeds were Available Monies being allocated and distributed on such date pursuant to Section 7.06(b).

Sale of Trust Assets. (a) Upon any sale of the assets of the Trust pursuant to Section 9.02 of the Trust Agreement, the Servicer shall instruct the Indenture Trustee in writing to deposit the proceeds from such sale after all payments and reserves therefrom have been made (the "INSOLVENCY PROCEEDS") in the Collection Account. On the Distribution Payment Date on which the Insolvency Proceeds are deposited in the Collection Account (or, if such proceeds are not so deposited on a Distribution Payment Date, on the Distribution Payment Date immediately following such deposit), the Servicer shall instruct the Indenture Trustee in writing to make the following deposits allocate and apply (after the application on such Distribution Payment Date of Available Monies Amounts and funds on deposit in the Reserve Fund pursuant to Section 7.067.04) from the Insolvency Proceeds as if (and in the same order of priority as) the Insolvency Proceeds were Available Monies Amounts being allocated and distributed on such date pursuant to Section 7.06(b7.04(c) and (d).