Receipt Distribution and Application of Income Clause Samples

Receipt Distribution and Application of Income. The Lessee has agreed pursuant to the terms of the Operative Agreements to pay to the Agent until such time as the Loan Agreement has been discharged pursuant to its terms, any and all Rent (provided, that such right to receive Rent shall not include a right to receive Segregated Excepted Property but shall include a right to receive all other Excepted Property) and any and all other amounts of any kind or type under any of the Operative Agreements due and owing the Lessor, the Owner Trustee, the Holders, the Agent, the Lenders, the Bank Lenders, the Liquidity Facility Participants and the Liquidity Provider (excluding such amounts referenced in the immediately preceding parenthetical phrase in this sentence). The Lessee has agreed pursuant to the terms of the Operative Agreements to pay to the Holders or such other Persons as are entitled to the receipt thereof, as appropriate, the Segregated Excepted Property payable to such Persons. Subject to the following sentences of this paragraph, the Agent shall segregate amounts received with regard to whether such amounts relate to Class A Equipment, Class B Equipment or Class C Equipment and promptly thereafter, the Agent shall apply and allocate (to the appropriate account of the Person entitled thereto as disclosed to the Agent in writing from time to time, or such other place as such Person may designate), in accordance with the terms of this Section 6.9 and based on the segregation of amounts with respect to Class A Equipment, Class B Equipment and Class C Equipment and the related Notes and Certificates, such amounts received from the Lessee and all other payments, receipts and other consideration of any kind whatsoever received by the Agent pursuant to this Agreement, any other Operative Agreement or otherwise received by the Agent in connection with the Collateral or the Excepted Property, as described in the paragraphs below. Notwithstanding the preceding provisions of this Section 6.9, in connection with any disposition of Equipment, upon the exercise of remedies in connection with any Event of Default and with regard to all other amounts received by the Agent under the Operative Agreements or otherwise with respect to the Equipment, the Agent shall apply all such amounts received respecting each Class of Equipment in accordance with the terms of this Section 6.9 to the obligations owed under the Operative Agreements respecting such Class of Equipment (including without limitation to the Certificates a...