Past Due Rental Payments. On each Series 2013-B Deposit Date, HVF II will direct the Trustee in writing, prior to 1:00 p.m. (New York City time) on such date, to, and the Trustee shall, withdraw from the Group II Collection Account all Group II Collections then on deposit representing Series 2013-B Past Due Rent Payments and deposit such amount into the Series 2013-B Interest Collection Account, and immediately thereafter, the Trustee shall withdraw such amount from the Series 2013-B Interest Collection Account and apply the Series 2013-B Past Due Rent Payment in the following order:
Past Due Rental Payments. Notwithstanding Section 3.2(a), if after the occurrence of a Series 2010-6 Lease Payment Deficit, the Lessees shall make payments of Monthly Base Rent or other amounts payable by the Lessees under the Leases on or prior to the fifth Business Day after the occurrence of such Series 2010-6 Lease Payment Deficit (a “Past Due Rent Payment”), the Administrator shall direct the Trustee in writing pursuant to the Administration Agreement to allocate to the Series 2010-6 Collection Account an amount equal to the Series 2010-6 Invested Percentage as of the date of the occurrence of such Series 2010-6 Lease Payment Deficit of the Collections attributable to such Past Due Rent Payment (the “Series 2010-6 Past Due Rent Payment”). The Administrator shall instruct the Trustee in writing pursuant to the Administration Agreement to withdraw from the Series 2010-6 Collection Account and apply the Series 2010-6 Past Due Rent Payment in the following order:
Past Due Rental Payments. Notwithstanding the foregoing, if in the case of Section 2.2(a) or (b), after the occurrence of a Series 2003-3 Lease Payment Deficit, the Lessees shall make payments of Monthly Base Rent or other amounts payable by the Lessees under the Leases on or prior to the fifth Business Day after the occurrence of such Series 2003-3 Lease Payment Deficit (a “Past Due Rent Payment”), the Administrator shall direct the Trustee in writing pursuant to the Administration Agreement to allocate to the Series 2003-3 Collection Account an amount equal to the Series 2003-3 Invested Percentage as of the date of the occurrence of such Series 2003-3 Lease Payment Deficit of the Collections attributable to such Past Due Rent Payment (the “Series 2003-3 Past Due Rent Payment”). The Administrator shall instruct the Trustee in writing pursuant to the Administration Agreement to withdraw from the Series 2003-3 Collection Account and apply the Series 2003-3 Past Due Rent Payment in the following order:
Past Due Rental Payments. On each Deposit Date, the Issuer shall withdraw from (a) first, the Issuer Interest Collection Account all amounts then on deposit representing Past Due Rent Payments and (b) second, to the extent the amounts withdrawn from the Issuer Interest Collection Account are not sufficient to satisfy the amount owed in respect of Past Due Rent Payments, the Issuer Principal Collection Account, and apply such amounts towards the Past Due Rent Payment in the following order:
Past Due Rental Payments. Notwithstanding the foregoing, if, after the occurrence of a Series 2005-1 Lease Payment Deficit, a Lessee and/or Vanguard Holdings, as guarantor under the Leases, makes a payment of any amount payable by a Lessee under the Leases on or prior to the fifth Business Day after the occurrence of such Series 2005-1 Lease Payment Deficit (a “Past Due Rent Payment”), the Servicer shall direct the Trustee in writing to deposit into the Series 2005-1 Collection Account an amount equal to the Series 2005-1 Invested Percentage, as of the date of the occurrence of such Series 2005-1 Lease Payment Deficit, of the Collections attributable to such Past Due Rent Payment (the “Series 2005-1 Past Due Rent Payment”) and the Servicer shall instruct the Trustee in writing to withdraw from the Series 2005-1 Collection Account and apply the Series 2005-1 Past Due Rent Payment in the following order:
Past Due Rental Payments. The Past Due Rental Payments shall remain owing and due and payable and the Existing Leases remain in default and shall remain in default unless and until such Past Due Rental Payments and late payment interest thereon as provided in the Existing Leases are paid in full. RACC has reserved, and is reserving, all of its rights and remedies in connection with the Past Due Rental Payments, which remain payable on demand.
Past Due Rental Payments. Notwithstanding the foregoing, if, after the occurrence of a Series 2010-2 Lease Payment Deficit, the Series 0000-0 Xxxxxx shall make a payment of Series 2010-2 Rent or other amount payable by the Series 0000-0 Xxxxxx under the Series 2010-2 Lease on or prior to the fifth Business Day after the occurrence of such Series 2010-2 Lease Payment Deficit (a “Series 2010-2 Past Due Rent Payment”), the Series 2010-2 Administrator shall direct the Trustee in writing pursuant to the Series 2010-2 Administration Agreement to allocate to and deposit in the Series 2010-2 Collection Account the amount of such Series 2010-2 Past Due Rent Payment. The Series 2010-2 Administrator shall instruct the Trustee in writing pursuant to the Series 2010-2 Administration Agreement to withdraw from the Series 2010-2 Collection Account and apply the Series 2010-2 Past Due Rent Payment in the following order:
