Article 49 - Distribution of surplus

(1) Subject to paragraph (2), where any surplus arises from collection under Article 44 or disposition under Article 46, the Secured Party must, unless otherwise agreed in writing by all Persons specified in Article 48(1)(A) to (E), account for and pay the surplus in the order set out in Schedule 1.
(2) Where there is a question as to who is entitled to receive payment pursuant to paragraph (1), the Secured Party may pay the surplus into the QFC Court, and the surplus shall not be paid out except on an application pursuant to Article 52 by a person claiming an entitlement to it.
(3) The priority of the claim of any Person mentioned in Schedule 1 is not prejudiced by payment under this Article.