Common use of Distributions Following Acceleration Clause in Contracts

Distributions Following Acceleration. If the 2016-A Exchange Note is accelerated due to an Exchange Note Event of Default, all funds available for distribution under Section 5.1(a) will be applied, first, to the Collateral Agent and, second, to the Administrative Agent, in each case, to the extent of any amounts due under Section 8.6 of the Credit and Security Agreement relating to the 2016-A Exchange Note or the 2016-A Reference Pool, if those amounts have not been paid by the Borrowers.

Distributions Following Acceleration. If the 20162018-A Exchange Note is accelerated due to an Exchange Note Event of Default, all funds available for distribution under Section 5.1(a) will be appliedpaid, first, to the Collateral Agent and, second, to the Administrative Agent, in each case, to the extent of any amounts due under Section 8.6 of the Credit and Security Agreement relating to the 20162018-A Exchange Note or the 20162018-A Reference Pool, if those amounts have not been paid by the Borrowers, before making payments under Section 5.1(a).

Distributions Following Acceleration. If the 20162017-A B Exchange Note is accelerated due to an Exchange Note Event of Default, all funds available for distribution under Section 5.1(a) will be appliedpaid, first, to the Collateral Agent and, second, to the Administrative Agent, in each case, to the extent of any amounts due under Section 8.6 of the Credit and Security Agreement relating to the 20162017-A B Exchange Note or the 20162017-A B Reference Pool, if those amounts have not been paid by the Borrowers, before making payments under Section 5.1(a).

Distributions Following Acceleration. If the 20162017-A Exchange Note is accelerated due to an Exchange Note Event of Default, all funds available for distribution under Section 5.1(a) will be appliedpaid, first, to the Collateral Agent and, second, to the Administrative Agent, in each case, to the extent of any amounts due under Section 8.6 of the Credit and Security Agreement relating to the 20162017-A Exchange Note or the 20162017-A Reference Pool, if those amounts have not been paid by the Borrowers, before making payments under Section 5.1(a).