Common use of Application of Interest Drawings Clause in Contracts

Application of Interest Drawings. Notwithstanding anything to the contrary contained in this Agreement, (i) all payments received by the Subordination Agent in respect of an Interest Drawing under the Class A-1 Liquidity Facility and all amounts withdrawn by the Subordination Agent from the Class A-1 Cash Collateral Account, and payable in each case to the Class A-1 Certificateholders or the Class A-1 Trustee, shall be promptly distributed to the Class A-1 Trustee, (ii) all payments received by the Subordination Agent in respect of an Interest Drawing under the Class A-2 Liquidity Facility and all amounts withdrawn by the Subordination Agent from the Class A-2 Cash Collateral Account, and payable in each case to the Class A-2 Certificateholders or the Class A-2 Trustee, shall be promptly distributed to the Class A-2 Trustee, (iii) all payments received by the Subordination Agent in respect of an Interest Drawing under the Class B Liquidity Facility and all amounts withdrawn by the Subordination Agent from the Class B Cash Collateral Account, and payable in each case to the Class B Certificateholders or the Class B Trustee, shall be promptly distributed to the Class B Trustee, (iv) all payments received by the Subordination Agent in respect of an Interest Drawing under the Class C-1 Liquidity Facility and all amounts withdrawn by the Subordination Agent from the Class C-1 Cash Collateral Account, and payable in each case to the Class C-1 Certificateholders or the Class C-1 Trustee, shall be promptly distributed to the Class C-1 Trustee and (v) all payments received by the Subordination Agent in respect of an Interest Drawing under the Class C-2 Liquidity Facility and all amounts withdrawn by the Subordination Agent from the Class C-2 Cash Collateral Account, and payable in each case to the Class C-2 Certificateholders or the Class C-2 Trustee, shall be promptly distributed to the Class C-2 Trustee.

Application of Interest Drawings. Notwithstanding anything to the contrary contained in this Agreement, (i) all payments received by the Subordination Agent in respect of an Interest Drawing under the Class A-1 Liquidity Facility and all amounts withdrawn by the Subordination Agent from the Class A-1 Cash Collateral Account, and payable in each case to the Class A-1 Certificateholders or the Class A-1 Trustee, shall be promptly distributed to the Class A-1 Trustee, (ii) all payments received by the Subordination Agent in respect of an Interest Drawing under the Class A-2 Liquidity Facility and all amounts withdrawn by the Subordination Agent from the Class A-2 Cash Collateral Account, and payable in each case to the Class A-2 Certificateholders or the Class A-2 Trustee, shall be promptly distributed to the Class A-2 Trustee, (iii) all payments received by the Subordination Agent in respect of an Interest Drawing under the Class B Liquidity Facility and all amounts withdrawn by the Subordination Agent from the Class B Cash Collateral Account, and payable in each case to the Class B Certificateholders or the Class B Trustee, shall be promptly distributed to the Class B Trustee, Trustee and (iv) all payments received by the Subordination Agent in respect of an Interest Drawing under the Class C-1 C Liquidity Facility and all amounts withdrawn by the Subordination Agent from the Class C-1 C Cash Collateral Account, and payable in each case to the Class C-1 C Certificateholders or the Class C-1 C Trustee, shall be promptly distributed to the Class C-1 Trustee C Trustee. For the avoidance of doubt, Interest Drawings and Applied Provider Advances (vas defined in the Liquidity Facilities) all payments received by the Subordination Agent to be applied in respect of an Interest Drawing under the Class C-2 Liquidity Facility and all amounts withdrawn by payment of interest with respect to the Subordination Agent from the Class C-2 Cash Collateral Account, Certificates shall not include any amount of interest due and payable in each case to on the Class C-2 Certificateholders or the Class C-2 Trustee, shall be promptly distributed to the Class C-2 TrusteeDeposits.

Application of Interest Drawings. Notwithstanding anything to -------------------------------- the contrary contained in this Agreement, (i) all payments received by the Subordination Agent in respect of an Interest Drawing under the Class A-1 Liquidity Facility and all amounts withdrawn by the Subordination Agent from the Class A-1 Cash Collateral Account, and payable in each case to the Class A-1 Certificateholders or the Class A-1 TrusteeCertificateholders, shall be promptly distributed to the Class A-1 Trustee, (ii) all payments received by the Subordination Agent in respect of an Interest Drawing under the Class A-2 Liquidity Facility and all amounts withdrawn by the Subordination Agent from the Class A-2 Cash Collateral Account, and payable in each case to the Class A-2 Certificateholders or the Class A-2 TrusteeCertificateholders, shall be promptly distributed to the Class A-2 Trustee, (iii) all payments received by the Subordination Agent in respect of an Interest Drawing under the Class A-3 Liquidity Facility and all amounts withdrawn by the Subordination Agent from the Class A-3 Cash Collateral Account, and payable in each case to the Class A-3 Certificateholders, shall be promptly distributed to the Class A-3 Trustee, (iv) all payments received by the Subordination Agent in respect of an Interest Drawing under the Class B Liquidity Facility and all amounts withdrawn by the Subordination Agent from the Class B Cash Collateral Account, and payable in each case to the Class B Certificateholders or the Class B TrusteeCertificateholders, shall be promptly distributed to the Class B Trustee, (iv) all payments received by the Subordination Agent in respect of an Interest Drawing under the Class C-1 Liquidity Facility and all amounts withdrawn by the Subordination Agent from the Class C-1 Cash Collateral Account, and payable in each case to the Class C-1 Certificateholders or the Class C-1 Trustee, shall be promptly distributed to the Class C-1 Trustee and (v) all payments received by the Subordination Agent in respect of an Interest Drawing under the Class C-2 C Liquidity Facility and all amounts withdrawn by the Subordination Agent from the Class C-2 C Cash Collateral Account, and payable in each case to the Class C-2 Certificateholders or the Class C-2 TrusteeC Certificateholders, shall be promptly distributed to the Class C-2 C Trustee.

Application of Interest Drawings. Notwithstanding anything to the contrary contained in this Agreement, (i) all payments received by the Subordination Agent in respect of an Interest Drawing under the Class A-1 a Liquidity Facility and all amounts withdrawn by the Subordination Agent from the Class A-1 any Cash Collateral Account, and payable in each case to the related Class A-1 Certificateholders or the Class A-1 Trusteeof Certificateholders, shall be promptly distributed to the Trustee for such Class A-1 and, upon receipt thereof by such Trustee, applied to the payment of interest in respect of which it was drawn, except that if (iii) all payments received by the Subordination Agent shall receive any amount in respect of an Interest Drawing under the Class A-2 G Liquidity Facility and all amounts withdrawn or a withdrawal from the Class G Cash Collateral Account to pay Accrued Class G Interest after such Accrued Class G Interest has been fully paid by a Policy Drawing under the Policy pursuant to Section 3.07(a), or (ii) the Subordination Agent from shall receive any amount in respect of a Policy Drawing under the Policy pursuant to Section 3.07(a), to pay Accrued Class A-2 Cash Collateral Account, and payable G Interest after such Accrued Class G Interest has been paid (in each case full or in part) to the Class A-2 Certificateholders or the Class A-2 Trustee, shall be promptly distributed to the Class A-2 Trustee, (iii) all payments received G Trustee by the Subordination Agent in respect of an Interest Drawing under the Class B G Liquidity Facility and all amounts withdrawn by the Subordination Agent or a withdrawal from the Class B G Cash Collateral Account, and payable the Subordination Agent, in each the case of either clause (i) or clause (ii), shall pay an amount equal to the amount of such Interest Drawing or withdrawal directly to the Policy Provider as reimbursement of such Policy Drawing rather than to the Class B G Certificateholders or the Class B Trustee, G Trustee (provided that any such amount paid under both the Class G Liquidity Facility (or from the Class G Cash Collateral Account) and the Policy and constituting an Election Interest Payment with respect to one or more Series G Equipment Notes shall be promptly distributed repaid directly to the Class B Trustee, (iv) all payments received by the Subordination Agent in respect of an G Liquidity Provider as reimbursement for such Interest Drawing under the Class C-1 Liquidity Facility and all amounts withdrawn by the Subordination Agent from the Class C-1 Cash Collateral Account, and payable in each case or to the Class C-1 Certificateholders or the Class C-1 Trustee, shall be promptly distributed to the Class C-1 Trustee and (v) all payments received by the Subordination Agent in respect of an Interest Drawing under the Class C-2 Liquidity Facility and all amounts withdrawn by the Subordination Agent from the Class C-2 G Cash Collateral AccountAccount as replenishment for such withdrawal, and payable in each case to the Class C-2 Certificateholders or the Class C-2 Trustee, shall be promptly distributed to the Class C-2 Trusteeas applicable).

Application of Interest Drawings. Notwithstanding anything to the contrary contained in this Agreement, (i) all payments received by the Subordination Agent in [2000-2 Intercreditor Agreement] respect of an Interest Drawing under the Class A-1 Liquidity Facility and all amounts withdrawn by the Subordination Agent from the Class A-1 Cash Collateral Account, and payable in each case to the Class A-1 Certificateholders or the Class A-1 TrusteeCertificateholders, shall be promptly distributed to the Class A-1 Trustee, (ii) all payments received by the Subordination Agent in respect of an Interest Drawing under the Class A-2 Liquidity Facility and all amounts withdrawn by the Subordination Agent from the Class A-2 Cash Collateral Account, and payable in each case to the Class A-2 Certificateholders or the Class A-2 TrusteeCertificateholders, shall be promptly distributed to the Class A-2 Trustee, (iii) all payments received by the Subordination Agent in respect of an Interest Drawing under the Class B Liquidity Facility and all amounts withdrawn by the Subordination Agent from the Class B Cash Collateral Account, and payable in each case to the Class B Certificateholders or the Class B TrusteeCertificateholders, shall be promptly distributed to the Class B Trustee, and (iv) all payments received by the Subordination Agent in respect of an Interest Drawing under the Class C-1 C Liquidity Facility and all amounts withdrawn by the Subordination Agent from the Class C-1 C Cash Collateral Account, and payable in each case to the Class C-1 Certificateholders or the Class C-1 TrusteeC Certificateholders, shall be promptly distributed to the Class C-1 Trustee and (v) all payments received by the Subordination Agent in respect of an Interest Drawing under the Class C-2 Liquidity Facility and all amounts withdrawn by the Subordination Agent from the Class C-2 Cash Collateral Account, and payable in each case to the Class C-2 Certificateholders or the Class C-2 Trustee, shall be promptly distributed to the Class C-2 C Trustee.

Application of Interest Drawings. Notwithstanding anything to the contrary contained in this Agreement, (i) all payments received by the Subordination Agent in 37 41 respect of an Interest Drawing under the Class A-1 G Liquidity Facility and all amounts withdrawn by the Subordination Agent from the Class A-1 G Cash Collateral Account, and payable in each case to the Class A-1 Certificateholders or G Trustee on behalf of the Class A-1 TrusteeG Certificateholders, shall be promptly distributed to the Class A-1 G Trustee, and (ii) all payments received by the Subordination Agent in respect of an Interest Drawing under the Class A-2 C Liquidity Facility and all amounts withdrawn by the Subordination Agent from the Class A-2 C Cash Collateral Account, and payable in each case to the Class A-2 Certificateholders or C Trustee on behalf of the Class A-2 TrusteeC Certificateholders, shall be promptly distributed to the Class A-2 C Trustee, (iii) all payments received by except that if after any Distribution Date the Subordination Agent shall receive any amount in respect of an Interest Drawing under the Class B G Liquidity Facility and all amounts withdrawn by the Subordination Agent or a withdrawal from the Class B G Cash Collateral AccountAccount to pay Accrued Class G Interest after such Accrued Class G Interest has been fully paid by a Policy Drawing under the Policy, and payable in each case such amounts shall be paid directly to the Policy Provider as reimbursement of such Policy Drawing rather than to the Class B Certificateholders or G Trustee on behalf of the Class B Trustee, G Certificateholders and shall be promptly distributed to the Class B Trustee, (iv) all payments received by the Subordination Agent in respect of constitute an Interest Drawing under the Class C-1 G Liquidity Facility and all amounts withdrawn by the Subordination Agent or a withdrawal from the Class C-1 G Cash Collateral Account, and payable in each as the case to the Class C-1 Certificateholders or the Class C-1 Trusteemay be, shall be promptly distributed to the Class C-1 Trustee and (v) all payments received by the Subordination Agent in respect of an Interest Drawing under the Class C-2 Liquidity Facility and all amounts withdrawn by the Subordination Agent from the Class C-2 Cash Collateral Account, and payable in each case to the Class C-2 Certificateholders or the Class C-2 Trustee, shall be promptly distributed to the Class C-2 Trusteehereunder.