Common use of Event of Default Distributions Clause in Contracts

Event of Default Distributions. On each Payment Date, if an Event of Default (or a combination of an Event of Default and an Early Amortization Event) has occurred and is then continuing, the Available Collections Amount will be applied in the following order or priority, after payment of the amounts described in Section 4.02(c)(i), and in each case after the payment of any Railroad Mileage Credit reimbursements:

Event of Default Distributions. On each Payment Date, if an Event of Default (or a combination of an Event of Default and an Early Amortization Event) has occurred and is then continuing, the Available Collections Amount will be applied in the following order or priority, after payment of the amounts described in Section 4.02(c)(i), and in each case after the payment of any related Railroad Mileage Credit reimbursements:

Event of Default Distributions. On each Payment Date, if an Event of Default (or a combination of an Event of Default and an Early Amortization Event) has occurred and is then continuing, the Available Collections Amount will be applied in the following order or of priority, after payment of the amounts described in Section 4.02(c)(i), and in each case after the payment of any related Railroad Mileage Credit reimbursements: