Enforcement Priority of Payments. After an Event of Default has occurred and is continuing, all Interest Proceeds, Principal Proceeds and any other available funds in the Borrower Accounts will be distributed in the following order of priority:
Enforcement Priority of Payments. (a) first, in or towards satisfaction of all amounts due and payable or to become due and payable to the Bond Trustee under the provisions of the Trust Deed together with interest and applicable GST (or other similar taxes) thereon as provided therein;
Enforcement Priority of Payments. Such remuneration shall accrue from day to day and be payable up to and including the date when all of the Funding Secured Obligations have been paid or discharged and the Security Trustee has released, reassigned and/or discharged the Funding Charged Property as provided in Clause 4 (Release of Funding Charged Property).
Enforcement Priority of Payments. If an Event of Default has occurred and is continuing, all Interest Proceeds, Principal Proceeds and any other available funds in the Transaction Accounts (other than the Unfunded Reserve Account) will be distributed in the following order of priority (the “Enforcement Priority of Payments”): 107 (1) to the payment (a) first, of the amounts referred to in subclauses (1) through (2) of the Interest Priority of Payments (in the order of priority set forth therein); and (b) second, to the Bank Parties, the Collateral Custodian and the Administrative Agent constituting Administrative Expenses (including indemnity payments, but excluding Excluded Payments) not paid pursuant to subclause (a) above due to the application of the caps set forth in subclause (2) of the Interest Priority of Payments without regard to the Administrative Expense Cap; (2) to the payment (a) first, of accrued and unpaid interest, Ancillary Amounts and other amounts due and payable on the Loans (in each case other than principal of the Loans), (b) second, of principal of the Loans, until the Loans have been repaid in full, (c) third, for deposit into the Unfunded Reserve Account until the amount on deposit therein equals the amount specified in clause (II) of the def inition of Unfunded Reserve Required Amount, (d) fourth to the payment of any other Obligations the outstanding, and (e) fifth, to the amount referred to in subclause (9) of the Interest Priority of Payments (in the order of priority set forth therein); (3) to pay the Collateral Management Fees to the Collateral Manager and any Successor Management Fees to any Successor Collateral Manager, in each case to the extent not theretofore paid in full; (4) to the payment of all Extraordinary Expense Amounts (if any) not theretofore paid; and (5) the balance of such funds, if any, to the Borrower for distribution to the Equity Holder as a f inal distribution in redemption thereof , as applicable. (d)
Enforcement Priority of Payments. (a) first, in or towards satisfaction of pro rata and pari passu according to the respective amounts thereof of:
Enforcement Priority of Payments. 1.1 In relation to each Transaction, the funds standing to the credit of the relevant Transaction Account as determined on each day preceding the relevant Payment Date and the Senior Expense Reserve (if required), will be applied on each Payment Date in relation to that Transaction, after taking into account Excluded Amounts, in the order of priority set out below. Prior to the delivery of an Enforcement Notice in respect of that Transaction, this pre-enforcement priority of payments shall apply and payments will be made in the following order -
Enforcement Priority of Payments. 5.2 On each Issuer Payment Date prior to the delivery of any Enforcement Notice by the Delegate, the Issuer Available Funds shall be applied in payment of amounts owing to Certificateholders and other third parties entitled to payment therefrom in accordance with the Issuer Pre-Enforcement Priority of Payments. In addition, payments of certain fees and on- going expenses of the Issuer not paid or provided for on an Issuer Payment Date may be made at any time out of the Issuer Available Funds, subject, when aggregated with any Holding Interim Expenses Payments made in such calendar year, to a maximum aggregate amount in any calendar year of US$100,000.
Enforcement Priority of Payments. All monies (other than amounts representing (without double counting) (i) any early termination amount received by Funding 2 under the Funding 2 Swap Agreement which is to be applied in acquiring a replacement swap, (ii) any Excess Swap Collateral or Swap Collateral relating to the Funding 2 Swap Agreement, except to the extent that the value of such collateral has been applied, pursuant to the provisions of the Funding 2 Swap Agreement, to reduce the amount that would otherwise be payable by the Funding 2 Swap Provider to Funding 2 on early termination of the Funding 2 Swap and, to the extent so applied in reduction of the amount otherwise payable by the Funding 2 Swap Provider, such collateral is not to be applied in acquiring a replacement swap and (iii) monies standing to the credit of the Funding 2 Yield Reserve Fund) received or recovered by the Funding 2 Security Trustee or the Receiver in respect of the Funding 2 Security subsequent to the Funding 2 Security Trustee serving a Master Intercompany Loan Acceleration Notice on Funding 2, will be applied (save to the extent required by law) by the Funding 2 Security Trustee or the Receiver on each Funding 2 Interest Payment Date in accordance with the following order of priority (in each case only and to the extent that payments or provision of a higher priority have been made in full):
Enforcement Priority of Payments. If an Event of Default or a failure to repay the Obligations in full by the Maturity Date has occurred and is continuing, all Interest Proceeds, Principal Proceeds and any other available funds in the Transaction Accounts (other than the Unfunded Reserve Account) will be distributed in the following order of priority (the “Enforcement Priority of Payments”):
