Sequential Pay Event. Upon the occurrence of a Sequential Pay Event, the Indenture Trustee shall withdraw all amounts on deposit in the General Reserve Account and shall deposit such amounts to the Collection Account for distribution in accordance with Section 6.6 hereof.
Appears in 8 contracts
Samples: Indenture (Bluegreen Corp), BXG Timeshare (Bluegreen Corp), Indenture (Bluegreen Corp)
Sequential Pay Event. Upon the occurrence of a Sequential Pay Event, the Indenture Trustee shall withdraw all amounts on deposit in the General Reserve Account and shall deposit such amounts to into the Collection Account for distribution in accordance with Section 6.6 hereof.
Appears in 4 contracts
Samples: Note Funding Agreement (BBX Capital Corp), Note Funding Agreement (Bluegreen Vacations Corp), BXG Timeshare (Bluegreen Vacations Holding Corp)
Sequential Pay Event. Upon the occurrence of a Sequential Pay Event, the Indenture Trustee shall withdraw all amounts on deposit in the General Reserve Account and shall deposit such amounts to the Collection Account for distribution in accordance with Section 6.6 hereof.
Appears in 1 contract
Samples: Silverleaf Resorts Inc
Sequential Pay Event. Upon the occurrence of a Sequential Pay Event, the Indenture Trustee shall withdraw all amounts on deposit in the General Class D Reserve Account and shall deposit such amounts to the Collection Account for distribution to the Class D Noteholders in accordance with Section 6.6 hereof.
Appears in 1 contract
Samples: BXG Receivables (Bluegreen Corp)
