Common use of Use of Seller’s Share of Collections Clause in Contracts

Use of Seller’s Share of Collections. Subject to CLAUSE (o) above, the Seller shall apply its share of Collections to make payments in the following order of priority: FIRST, the payment of its expenses (including, without limitation, the obligations payable to Purchasers, the Affected Persons, the Agent, the Insurer, the Purchaser Agents and the Agent under the Transaction Documents), SECOND, the payment of accrued and unpaid interest on the Company Note, THIRD, the payment of the outstanding principal amount of the Company Note, and FOURTH, other legal and valid corporate purposes permitted by the Agreement.

Use of Seller’s Share of Collections. Subject to CLAUSE clause (o) above, the Seller shall apply its share of Collections to make payments in the following order of priority: FIRSTfirst, the payment of its expenses (including, without limitation, the obligations payable to Purchasers, the Affected Persons, the Agent, the Insurer, the Purchaser Agents and the Agent under the Transaction Documents), SECONDsecond, the payment of accrued and unpaid interest on the Company Note, THIRDthird, the payment of the outstanding principal amount of the Company Note, and FOURTHfourth, other legal and valid corporate purposes permitted by the Agreement.

Use of Seller’s Share of Collections. Subject to CLAUSE clause (o) above, the Seller shall apply its share of Collections to make payments in the following order of priority: FIRSTfirst, the payment of its expenses (including, without limitation, the obligations payable to Purchasers, the Affected Persons, the Agent, the Insurer, the Purchaser Agents and the Agent under the Transaction Documents), SECONDsecond, the payment of accrued and unpaid interest on the Company Note, THIRDthird, the payment of 722297046 96333265 I\14053553.1 the outstanding principal amount of the Company Note, and FOURTHfourth, other legal and valid corporate purposes permitted by the Agreement.

Use of Seller’s Share of Collections. Subject to CLAUSE (oO) above, the Seller shall apply its share of Collections to make payments in the following order of priority: FIRST, the payment of its expenses (including, without limitation, the obligations payable to Purchasers, the Affected Persons, the Agent, the Insurer, the Purchaser Agents and the Agent under the Transaction Documents), SECOND, the payment of accrued and unpaid interest on the Company Note, THIRD, the payment of the outstanding principal amount of the Company Note, and FOURTH, other legal and valid corporate purposes permitted by the Agreement.