This section outlines the disbursement of funds from the Payment Account on each Distribution Date, detailing the order of priority for distributing Interest Proceeds. It includes payments for taxes, administrative expenses, reserve accounts, management fees, hedge agreements, and interest on Class A Notes.
documents/vol00010-efta01365480-pdf.pdf
{"title":"ARTICLE XI APPLICATION OF PROCEEDS","key_people":["Authorized Officer of the Issuer"],"document_type":"legal","document_subtype":"Indenture","key_organizations":["Trustee","Co-Issuers","Investment Manager"],"reference_numbers":["DB-SDNY-0056232","SDNY_GM_00202416","EFTA01365480"]}