Common use of Priority of Payments to Servicer Clause in Contracts

Priority of Payments to Servicer. Any and all amounts due and owing to the Servicer or any of its Affiliates (including any amounts due and owing to the Servicer or any of its Affiliates with respect to indemnification) pursuant to this Agreement shall be entitled to the priority established therefore in the Indenture, which priority the Company agrees not to amend without the consent of the Servicer.

Appears in 1 contract

Sources: Servicing Agreement (Babcock & Brown Air LTD)

Priority of Payments to Servicer. Any and all amounts due and owing to the Servicer or any of its Affiliates (including any amounts due and owing to the Servicer or any of its Affiliates with respect to indemnification) pursuant to this Agreement (other than the Additional Servicing Fees) shall be entitled to the priority established therefore therefor in the Indenture, which priority the Company AFT agrees not to amend without the consent of the Servicer.

Appears in 1 contract

Sources: Servicing Agreement (Aircraft Finance Trust)