Borrower Priority of Payments definition

Borrower Priority of Payments shall have the meaning set forth in the Loan Agreement.
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Borrower Priority of Payments means, at any time, the order of payments to be made from the Loan Payments Account or any enforcement proceeds account at that time in accordance with the Obligor Cash Administration Agreement.
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Borrower Priority of Payments has, with respect to any Guaranteed Loan, the meaning ascribed to such term in the applicable Loan Agreement.
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Examples of Borrower Priority of Payments in a sentence

  • Such subrogated amounts shall be classified as provided in the Loan Agreement and shall only be payable in accordance with the term Borrower Priority of Payments.

  • With respect to the Guaranteed Loan, the Borrower shall, on each Loan Payment Date, subject to Borrower Available Funds and the Borrower Priority of Payments in the Loan Agreement, pay to the Guarantor an amount equal to the product of: (i) one-twelfth; (ii) [***]%; and (iii) the outstanding Loan Component 1 Balance (after giving effect to payments made on the prior Loan Payment Date) (the “Monthly Risk-Based Charge”).


More Definitions of Borrower Priority of Payments

Borrower Priority of Payments means the provisions relating to the order of priority of payments set out in clause 10.1 (Borrower Priority of Payments) of the Borrower Deed of Charge.
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Related to Borrower Priority of Payments

  • Priority of Payments The meaning specified in Section 11.1(a).

  • Security Documents means the Security Agreement, the Mortgages, the Intellectual Property Security Agreement, the Pledge Agreement, the Facility Guarantee, and each other security agreement or other instrument or document executed and delivered pursuant to this Agreement or any other Loan Document that creates a Lien in favor of the Collateral Agent to secure any of the Obligations.

  • Second Lien Security Documents means any and all security agreements, pledge agreements, mortgages and other agreements and documents pursuant to which any Liens are granted to secure any Indebtedness or other obligations in respect of the Second Lien Notes.