Common use of Indenture Accounts Priority of Payments Clause in Contracts

Indenture Accounts Priority of Payments. 37 Section 3.01 Establishment of Indenture Accounts; Investments..................... 37 Section 3.02 Collections Account..................................................................... 40 Section 3.03 Withdrawal upon an Event of Default.......................................... 41 Section 3.04 Liquidity Reserve Account; Liquidity Facilities............................. 41 Section 3.05 Optional Reinvestment Account.................................................. 43 Section 3.06 Expense Account......................................................................... 43 Section 3.07 Series Accounts........................................................................... 44 Section 3.08 Redemption/Defeasance Account............................................... 44 Section 3.09 [Reserved.].................................................................................. 45 Section 3.10 Calculations................................................................................. 45 Section 3.11 Payment Date Distributions from the Collections Account.......... 48 Section 3.12 Optional Redemptions................................................................. 59 Section 3.13 Procedure for Redemptions......................................................... 60 Section 3.14 Adjustments in Targeted Principal Balances............................… 62 Section 3.15 Liquidity Facilities........................................................................ 63 Section 3.16 Hedge Agreements...................................................................... 64 TABLE OF CONTENTS (continued) Section 3.17 Capital Contributions to Indenture Accounts and/or Portfolio...... 66

Indenture Accounts Priority of Payments. 37 Section 3.01 Establishment of Indenture Accounts; Investments..................... 37 Section 3.02 Collections Account..................................................................... 40 Section 3.03 Withdrawal upon an Event of Default.......................................... 41 Section 3.04 Liquidity Reserve Account; Liquidity Facilities............................. 41 Section 3.05 Optional Reinvestment Account.................................................. 43 Section 3.06 Expense Account......................................................................... 43 44 Section 3.07 Series Accounts........................................................................... 44 Section 3.08 Redemption/Defeasance Account............................................... 44 Section 3.09 [Reserved.].................................................................................. 45 Section 3.10 Calculations................................................................................. 45 Section 3.11 Payment Date Distributions from the Collections Account.......... 48 Section 3.12 Optional Redemptions................................................................. 59 58 Section 3.13 Procedure for Redemptions......................................................... 60 59 Section 3.14 Adjustments in Targeted Principal Balances............................… 62 61 Section 3.15 Liquidity Facilities........................................................................ 63 62 Section 3.16 Hedge Agreements...................................................................... 64 63 TABLE OF CONTENTS (continued) Section 3.17 Capital Contributions to Indenture Accounts and/or Portfolio...... 6665