Common use of POST-ACCELERATION PRIORITY OF PAYMENTS Clause in Contracts

POST-ACCELERATION PRIORITY OF PAYMENTS. The Cash Manager will apply amounts received or recovered following the service of an Intercompany Loan Acceleration Notice on Funding 1 or, as applicable, the Funding 1 Security Trustee will apply amounts received or recovered following the enforcement of the Funding 1 Security in accordance with the following order of priority (the Funding 1 Post-Acceleration Priority of Payments) on the date of receipt or recovery of such amounts: