TO RECEIVE SUCH
PORTION PURSUANT TO THE DEFINITION OF CARRYING COSTS;
(III)
THIRD, TO THE NOTEHOLDER, TO PAY THE TARGETED MONTHLY PRINCIPAL
PAYMENT;
(IV)
FOURTH, TO THE SURETY BOND PROVIDER, THE SURETY BOND PREMIUM,
INCLUDING ANY OVERDUE SURETY BOND PREMIUM, ACCRUED INTEREST THEREON PLUS ANY
AMOUNTS OWED UNDER THE SURETY BOND OR THE INSURANCE AGREEMENT;
41
(V)
FIFTH, TO THE SURETY BOND PROVIDER, THE AGGREGATE AMOUNT OF ANY
PREVIOUSLY UNREIMBURSED DRAWS ON THE SURETY BOND, PLUS ACCRUED INTEREST THEREON
AT THE RATE PROVIDED IN THE INSURANCE AGREEMENT;
(VI)
SIXTH, TO THE NOTEHOLDER, AN AMOUNT EQUAL TO THE ACCRUED INTEREST
FOR SUCH COLLECTION PERIOD IN EXCESS OF THE ENHANCED YIELD FOR SUCH COLLECTION
PERIOD;
(VII)
SEVENTH, PRIOR TO THE OCCURRENCE OF A TERMINATION EVENT, TO THE
RESERVE ACCOUNT, THE AMOUNT NECESSARY TO INCREASE THE AMOUNT ON DEPOSIT IN THE
RESERVE ACCOUNT TO THE REQUIRED RESERVE ACCOUNT BALANCE;
(VIII)
EIGHTH, TO THE COLLATERAL AGENT, FIRST, THE AMOUNT TO BE APPLIED
BY THE COLLATERAL AGENT TO PAY ANY AND ALL RE-LIENING EXPENSES THEN DUE AND
PAYABLE WHICH HAVE NOT BEEN PREVIOUSLY PAID BY OR ON BEHALF OF THE DEBTOR, AND
SECOND, ALL AMOUNTS DUE THE COLLATERAL AGENT PURSUANT TO SECTION 7.2(B) HEREOF;
(IX)
NINTH, AFTER THE OCCURRENCE OF A TERMINATION EVENT OR ON ANY
REMITTANCE DATE ON WHICH THE PRODUCT OF THE NOTEHOLDER'S PERCENTAGE AND THE
BORROWING BASE IS LESS THAN OR EQUAL TO 5.0% OF THE FACILITY LIMIT, THE
REMAINDER TO THE NOTEHOLDER TO REDUCE THE NET INVESTMENT;
(X)
TENTH, TO THE NOTEHOLDER OR ANY OTHER APPROPRIATE PARTY, AN
AMOUNT EQUAL TO ANY OTHER AMOUNTS OWED THERETO UNDER THE NOTE PURCHASE AGREEMENT
(OTHER THAN AMOUNTS DUE UNDER THE NOTE, WITH THE EXCEPTION OF COSTS INCURRED IN
THE ENFORCEMENT OF THE NOTE), OTHER AMOUNTS DUE THERETO UNDER THIS AGREEMENT,
AND UNREIMBURSED CARRYING COSTS WITH RESPECT TO PRIOR COLLECTION PERIODS; AND
(XI)
ELEVENTH,
FIRST, TO THE SERVICER FOR THE PAYMENT OF THE
INCENTIVE SERVICING FEE DUE WITH RESPECT TO THE RELATED COLLECTION PERIOD, AND
SECOND, TO THE SERVICER IN PAYMENT OF ALL EXPENSES OF THE SERVICER UNDER THE
SERVICING AGREEMENT DUE TO BE REIMBURSED BY THE DEBTOR AND NOT PAID ON SUCH
REMITTANCE DATE AS A RESULT OF THE LIMITATION SET FORTH IN CLAUSE SECOND OF
SECTION 5.1(A)(I), AND THIRD, TO THE SUCCESSOR SERVICER ALL EXPENSES OF THE
SUCCESSOR SERVICER DUE TO BE REIMBURSED AND NOT PAID UNDER CLAUSE THIRD OF
SECTION 5.1(A)(I), AND FOURTH, ALL REMAINING AMOUNTS SHALL BE DISTRIBUTED BY THE
COLLATERAL AGENT TO A BANK ACCOUNT DESIGNATED BY THE DEBTOR FOR FURTHER
DISTRIBUTION.
(B)
IF THE AVAILABLE COLLECTIONS IN RESPECT OF A REMITTANCE DATE ARE
INSUFFICIENT TO PAY THE SUM OF THE AMOUNTS TO BE DISTRIBUTED ON SUCH REMITTANCE
DATE PURSUANT TO CLAUSES (I) THROUGH (III) OF SECTION 5.1(A) AND CLAUSE (VIII)
OF SECTION 5.1(A), THE DEBTOR SHALL NOTIFY THE RESERVE ACCOUNT AGENT OF SUCH
SHORTFALL AND THE RESERVE ACCOUNT AGENT SHALL CAUSE THE WITHDRAWAL OF THE AMOUNT
OF SUCH SHORTFALL FROM THE RESERVE ACCOUNT, TO THE EXTENT OF AMOUNTS