Payments Following Acceleration and any Sale of Collateral Sample Clauses

Payments Following Acceleration and any Sale of Collateral. Any money or property deposited with the Indenture Trustee as Series 2022-2 Available Funds after the occurrence of an Event of Default with respect to Group 1 that has not been waived or cured and an acceleration of the Notes, including after the sale of Group 1 Assets and, to the extent required, a portion of the Group Assets of any other Group, as set forth in Section 6.1 of the Master Collateral Agreement, will be deposited in the Distribution Account for distribution according to Section 8.2(e) on the Payment Date after the Collection Period during which those amounts are collected. In all other circumstances, Section 8.2(c) will continue to apply after an Event of Default with respect to Group 1.
AutoNDA by SimpleDocs
Payments Following Acceleration and any Sale of Collateral. Any money or property deposited with the Indenture Trustee as Series [_]-[_] Available Funds after the occurrence of an Event of Default with respect to Group [_] that has not been waived or cured and an acceleration of the Notes, including after the sale of Group [_] Assets and, to the extent required, a portion of the Group Assets of any other Group, as set forth in Section 6.1 of the Master Collateral Agreement, will be deposited in the Distribution Account for distribution according to Section 8.2(e) on the Payment Date after the Collection Period during which those amounts are collected. In all other circumstances, Section 8.2(c) will continue to apply after an Event of Default with respect to Group [_].

Related to Payments Following Acceleration and any Sale of Collateral

  • Distributions Following Acceleration If the Notes are accelerated after an Event of Default, on each Payment Date starting with the Payment Date relating to the Collection Period in which the Notes are accelerated, the Indenture Trustee will (based on the information in the most recent Monthly Investor Report) withdraw from the Bank Accounts and make deposits and payments, to the extent of funds in the Bank Accounts for the related Collection Period, in the following order of priority (pro rata to the Persons within each priority level based on the amounts due except as stated):

Time is Money Join Law Insider Premium to draft better contracts faster.