Common use of Distribution of Payments Clause in Contracts

Distribution of Payments. 61 15.3 Holder of Interest in Note........................... 61 15.4 No Duty to Examine, Etc.............................. 61 15.5 Agent as Lender...................................... 61 15.6(a) Obligations of Agent................................. 61 15.6(b) No Duty to Investigate............................... 61 15.7(a) Discretion of Agent.................................. 61 15.7(b) Instructions of Majority Lenders..................... 61 15.8 Assumption re Event of Default....................... 62 15.9 No Liability of Agent or Lenders..................... 62 15.10

Distribution of Payments. 61 59 15.3 Holder of Interest in Note........................... 61 59 15.4 No Duty to Examine, Etc.............................. 61 59 15.5 Agent as Lender...................................... 61 59 15.6(a) Obligations of Agent................................. 61 59 15.6(b) No Duty to Investigate............................... 61 59 15.7(a) Discretion of Agent.................................. 61 60 15.7(b) Instructions of Majority Lenders..................... 61 60 15.8 Assumption re Event of Default....................... 62 60 15.9 No Liability of Agent or Lenders..................... 62 60 15.10

Distribution of Payments. 61 45 15.3 Holder of Interest in Note........................... 61 .............................................. 46 15.4 No Duty to Examine, Etc.............................. 61 ................................................. 46 15.5 Agent Agents as Lender...................................... 61 Lenders....................................................... 46 15.6(a) Obligations of Agent................................. 61 Agents................................................... 46 15.6(b) No Duty to Investigate............................... 61 .................................................. 46 15.7(a) Discretion of Agent.................................. 61 Agents.................................................... 46 15.7(b) Instructions of Majority Lenders..................... 61 ........................................ 46 15.8 Assumption re Event of Default....................... 62 .......................................... 47 15.9 No Liability of Agent Agents or Lenders..................... 62 ....................................... 47 15.10

Distribution of Payments. 61 15.3 45 15.4 Holder of Interest in Note........................... 61 15.4 ............................................45 15.5 No Duty to Examine, Etc.............................. 61 15.5 Agent ...............................................45 15.6 Agents as Lender...................................... 61 15.6(a) Obligations Lenders.....................................................45 15.7 Acts of Agent................................. 61 15.6(b) No Duty to Investigate............................... 61 15.7(a) Discretion of Agent.................................. 61 15.7(b) Instructions of Majority Lenders..................... 61 15.8 Assumption re Event of Default....................... 62 15.9 No Liability of Agent or Lenders..................... 62 15.10the Agents....................................................45

Distribution of Payments. 61 58 15.3 Holder of Interest in Note........................... 61 ............... 58 15.4 No Duty to Examine, Etc.............................. 61 .................. 58 15.5 Agent as Lender...................................... 61 .......................... 59 15.6(a) Obligations of Agent................................. 61 ..................... 59 15.6(b) No Duty to Investigate............................... 61 ................... 59 15.7(a) Discretion of Agent.................................. 61 ...................... 59 15.7(b) Instructions of Majority Lenders..................... 61 ......... 59 15.8 Assumption re Event of Default....................... 62 ........... 60 15.9 No Liability of Agent or Lenders..................... 62 ......... 60 15.10

Distribution of Payments. 61 15.3 39 16.4 Holder of Interest in Note........................... 61 15.4 ........................................................................39 16.5 No Duty to Examine, Etc.............................. 61 15.5 . Neither.................................................................39 16.6 Agent as Lender...................................... 61 15.6(a) Obligations ...................................................................................39 16.7 Acts of Agent................................. 61 15.6(b) No Duty to Investigate............................... 61 15.7(a) Discretion of Agent.................................. 61 15.7(b) Instructions of Majority Lenders..................... 61 15.8 Assumption re Event of Default....................... 62 15.9 No Liability of the Agent or Lenders..................... 62 15.10and the Security Trustee........................................................39 16.8

Distribution of Payments. 61 15.3 45 15.4 Holder of Interest in Note........................... 61 15.4 ..........................................45 15.5 No Duty to Examine, Etc.............................. 61 15.5 Agent .............................................45 15.6 Agents as Lender...................................... 61 15.6(a) Obligations Lenders...................................................45 15.7 Acts of Agent................................. 61 15.6(b) No Duty to Investigate............................... 61 15.7(a) Discretion of Agent.................................. 61 15.7(b) Instructions of Majority Lenders..................... 61 15.8 Assumption re Event of Default....................... 62 15.9 No Liability of Agent or Lenders..................... 62 15.10the Agents..................................................45

Distribution of Payments. 61 15.3 48 16.3 Holder of Interest in Note........................... 61 15.4 .............................48 16.4 No Duty to Examine, Etc.............................. 61 15.5 ................................48 16.5 Agent as Lender...................................... 61 15.6(a........................................48 16.6(a) Obligations of Agent................................. 61 15.6(b...................................49 16.6(b) No Duty to Investigate............................... 61 15.7(a.................................49 16.7(a) Discretion of Agent.................................. 61 15.7(b....................................49 16.7(b) Instructions of Majority Lenders..................... 61 15.8 .......................49 16.8 Assumption re Event of Default....................... 62 15.9 No Liability of Agent or Lenders..................... 62 15.10.........................49

Distribution of Payments. 61 15.3 42 15.4 Holder of Interest in Note........................... 61 15.4 ........................................42 15.5 No Duty to Examine, Etc.............................. 61 15.5 Agent ...........................................42 15.6 Agents as Lender...................................... 61 15.6(a) Obligations Lenders.................................................43 15.7 Acts of Agent................................. 61 15.6(b) No Duty to Investigate............................... 61 15.7(a) Discretion of Agent.................................. 61 15.7(b) Instructions of Majority Lenders..................... 61 15.8 Assumption re Event of Default....................... 62 15.9 No Liability of Agent or Lenders..................... 62 15.10the Agents................................................43 15.8

Distribution of Payments. 61 15.3 42 16.4 Holder of Interest in Note........................... 61 15.4 ........................................................................ 42 16.5 No Duty to Examine, Etc.............................. 61 15.5 Agent ........................................................................... 42 16.6 Agents as Lender...................................... 61 15.6(a) Obligations Lenders................................................................................. 42 16.7 Acts of the Agent................................. 61 15.6(b) No Duty to Investigate............................... 61 15.7(a) Discretion of Agent.................................. 61 15.7(b) Instructions of Majority Lenders..................... 61 15.8 Assumption re Event of Default....................... 62 15.9 No Liability of Agent or Lenders..................... 62 15.10................................................................................. 42 16.8

Distribution of Payments. 61 15.3 45 15.4 Holder of Interest in Note........................... 61 15.4 ........................................................................45 15.5 No Duty to Examine, Etc.............................. 61 15.5 Agent ...........................................................................45 15.6 Agents as Lender...................................... 61 15.6(a) Obligations Lenders.................................................................................46 15.7 Acts of Agent................................. 61 15.6(b) No Duty to Investigate............................... 61 15.7(a) Discretion of Agent.................................. 61 15.7(b) Instructions of Majority Lenders..................... 61 15.8 Assumption re Event of Default....................... 62 15.9 No Liability of Agent or Lenders..................... 62 15.10the Agents................................................................................46 15.8

Distribution of Payments. 61 15.3 38 15.4 Holder of Interest in Note........................... 61 15.4 ........................................39 15.5 No Duty to Examine, Etc.............................. 61 15.5 Agent ...........................................39 15.6 Agents as Lender...................................... 61 15.6(a) Obligations Lenders.................................................39 15.7 Acts of Agent................................. 61 15.6(b) No Duty to Investigate............................... 61 15.7(a) Discretion of Agent.................................. 61 15.7(b) Instructions of Majority Lenders..................... 61 15.8 Assumption re Event of Default....................... 62 15.9 No Liability of Agent or Lenders..................... 62 15.10the Agents................................................39 15.8

Distribution of Payments. 61 54 15.3 Holder of Interest in Note........................... 61 ............... 55 15.4 No Duty to Examine, Etc.............................. 61 .................. 55 15.5 Agent as Lender...................................... 61 .......................... 55 15.6(a) Obligations of Agent................................. 61 ..................... 55 15.6(b) No Duty to Investigate............................... 61 ................... 55 15.7(a) Discretion of Agent.................................. 61 ...................... 55 15.7(b) Instructions of Majority Lenders..................... 61 ......... 56 15.8 Assumption re Event of Default....................... 62 ........... 56 15.9 No Liability of Agent or Lenders..................... 62 ......... 56 15.10