Deed of Priorities definition

Deed of Priorities means the Deed of Priorities dated June 23, 2005 by and between the Security Trustee, as security trustee for the Initial Purchasers, and The Law Debenture Trust Company, p.l.c., as security trustee for the holders of the Existing Notes.
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Deed of Priorities means the Deed of Priorities between and among Arcaris Capital Limited, as Chargor, Lancashire Mortgage Corporation, as First Chargee, and Holder, as Second Chargee.
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Deed of Priorities means the deed of priorities dated on or about the date of this Agreement made between the Company, Barclays Bank PLC and Burdale.
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Examples of Deed of Priorities in a sentence

  • The security interest in respect of such Charged Shares shall be by way of a first charge with full title guarantee, in favour of the Security Trustee, for the ratable benefit of the Lender Parties, together with all Distributions and Dividends from time to time accruing thereon, both present and future, from time to time owned by the Chargor or in which the Chargor is from time to time interested (subject to the terms and conditions of the Deed of Priorities).

  • The Chargor covenants with the Security Trustee that it will pay the Obligations of the Borrower as and when the same fall due for payment; PROVIDED, HOWEVER, that recourse to the Chargor in connection with such undertaking shall be limited to the property charged to the Security Trustee pursuant to Clause 3 and shall be subject to the terms and conditions of the Deed of Priorities.

  • The Chargor hereby undertakes with the Security Trustee to take such further acts, enter into such other instruments or documents and otherwise perform such action as may be necessary or as the Security Trustee may otherwise reasonably request to more fully give effect to the security granted hereunder and any other provision of this Deed and to maintain the priority of the lien granted under this Deed as contemplated by the Deed of Priorities.

  • In the event that any Dividend or other payment is to be paid on any Share at a time when no Event of Default has occurred and is subsisting or would result therefrom, such Dividend or payment shall be paid, subject to the terms and conditions of the Deed of Priorities, directly to the Chargor and the Security Trustee hereby releases any such Dividend or payment from the security created by this Deed.

  • In addition, any sums paid upon or in respect of the Charged Shares upon the winding up or dissolution of the Charged Share Issuer shall be held by the Security Trustee as additional security for the Liabilities, subject to the terms of the Deed of Priorities.

  • The Chargor will not (subject to the terms and conditions of the Deed of Priorities) do or cause or permit to be done anything (including by way of any exercise of its rights under Clause 6.5(d)) which, in any way, is reasonably likely to depreciate, jeopardise or otherwise prejudice the value to the Security Trustee of the security constituted by this Deed.

  • Subject to the terms and conditions of the Deed of Priorities, the Chargor agrees that all Charged Shares delivered by the Chargor pursuant to this Deed will be accompanied by duly executed undated blank stock transfer forms, or other equivalent instruments of transfer acceptable to the Security Trustee.

  • The Company shall ensure that within thirty (30) business days from the date hereof Button PLC shall execute and deliver a Deed of Priorities with Barclays PLC regulating the arrangements between Buyer(s) and such other secured lenders as then exist, such Deed of Priorities to be substantially in the form attached ,with such amendments as agreed by the Buyer(s) with the other secured lenders.

  • The parties hereby acknowledge and agree that all deeds, documents and certificates of title relating to the Charged Shares shall be held by X X Xxxxxxxxxx & Sons Limited, acting in its capacity as security trustee, for the benefit of both the Morila Lender Parties (pursuant to the MIJL/Morila Deed of Charge) and the Lenders (pursuant to this Deed) in accordance with the priorities set out in the Deed of Priorities and the immediately preceding sentence.


More Definitions of Deed of Priorities

Deed of Priorities means the Deed of Priorities between the Lender Parties and the RRL Corporate Lenders, substantially in the form of Exhibit C attached to the September 2001 Letter Agreement.
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Deed of Priorities means the deed of priorities dated on or about the date of this Agreement between the Company, Burdale and the Trustees of the Xxxxxx International Limited Pension Scheme.
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Deed of Priorities means the deed of priorities dated on or about the date of this Agreement between the Company, Burdale and the Trustees of the Xxxxxx International Limited Pension Scheme. DEFAULT means any Event of Default and any event which with the giving of notice and/or lapse of time and/or as a result of any Utilisation and/or determination of materiality and/or fulfilment of any condition (or any combination of the foregoing) would constitute an Event of Default.
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Deed of Priorities means the Deed of Priorities between the lenders in connection with the Morila Project Financing and the Lender Parties, substantially in the form of Exhibit A-3 attached hereto.
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Deed of Priorities. - means an agreement entered or to be entered into between (among others) the Indenture Trustee, the Lessor, the Manager, RBFE, Deepwater and BTM.
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Related to Deed of Priorities

  • Equal Priority Intercreditor Agreement means the Equal Priority Intercreditor Agreement substantially in the form of Exhibit G-1 among (x) the Collateral Agent and (y) one or more representatives of the holders of one or more classes of Permitted Additional Debt and/or Permitted Equal Priority Refinancing Debt, with any immaterial changes and material changes thereto in light of the prevailing market conditions, which material changes shall be posted to the Lenders not less than five Business Days before execution thereof and, if the Required Lenders shall not have objected to such changes within five Business Days after posting, then the Required Lenders shall be deemed to have agreed that the Administrative Agent’s and/or Collateral Agent’s entry into such intercreditor agreement (with such changes) is reasonable and to have consented to such intercreditor agreement (with such changes) and to the Administrative Agent’s and/or Collateral Agent’s execution thereof.

  • 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.

  • First Priority Documents means the First Priority Agreement, each First Priority Security Document and each First Priority Guarantee.

  • Priority Lien Security Documents means the Priority Credit Agreement (insofar as the same grants a Lien on the Collateral), each agreement listed in Part A of Exhibit B hereto, and any other security agreements, pledge agreements, collateral assignments, mortgages, deeds of trust, control agreements, or grants or transfers for security, now existing or entered into after the date hereof, executed and delivered by the Borrower or any other Grantor creating (or purporting to create) a Lien upon Collateral in favor of the Priority Lien Agent (including any such agreements, assignments, mortgages, deeds of trust and other documents or instruments associated with any Priority Substitute Credit Facility).

  • Term Loan Security Documents means the “Security Documents” as defined in the Term Loan Credit Agreement.

  • Second Priority Documents means each Second Priority Agreement, each Second Priority Security Document and each Second Priority Guarantee.

  • Security Instrument means the multifamily mortgage, deed to secure debt or deed of trust effective as of the effective date of this Note, from Borrower to or for the benefit of Lender and securing this Note.

  • Security Instruments means, collectively, (a) the Mortgages, (b) the Transfer Letters, (c) the Pledge Agreements, (d) the Security Agreements, (e) each other agreement, instrument or document executed at any time in connection with the Pledge Agreements, the Security Agreements, or the Mortgages, (f) each agreement, instrument or document executed in connection with the Cash Collateral Account; and (g) each other agreement, instrument or document executed at any time in connection with securing the Obligations.

  • Real Property Security Documents means the Landlord Consent and any mortgage or deed of trust or any other real property security document executed or required hereunder to be executed by any Obligor and granting a security interest in real Property owned or leased (as tenant) by any Obligor in favor of the Secured Parties.

  • Note Security Documents means any agreement, document or instrument pursuant to which a Lien is granted securing any Note Obligations or under which rights or remedies with respect to such Liens are governed.

  • Mortgage Documents With respect to each Mortgage Loan, the mortgage documents required to be delivered to the Custodian pursuant to each Custodial Agreement.

  • Security Documentation means the Security Documentation applicable to the specific Services purchased by Client, as updated from time to time, and as made reasonably available by Securiti.

  • Deed of Trust means this Deed of Trust, Assignment, Security Agreement and Fixture Filing, as the same may from time to time be extended, amended, restated, supplemented or otherwise modified.

  • Second Lien Security Documents means all “Security Documents” as defined in the Second Lien Credit Agreement, and all other security agreements, mortgages, deeds of trust and other security documents executed and delivered in connection with any Second Lien Credit Agreement, in each case as the same may be amended, supplemented, restated or otherwise modified from time to time.

  • Second Lien Security Agreement means the “Security Agreement” as defined in the Second Lien Credit Agreement.

  • First Lien Security Documents means the Security Documents (as defined in the First Lien Credit Agreement) and any other agreement, document or instrument pursuant to which a Lien is granted or purported to be granted securing any First Lien Obligations or under which rights or remedies with respect to such Liens are governed.

  • First Lien Security Agreement means the “Security Agreement” as defined in the First Lien Credit Agreement.

  • Lien Priority means with respect to any Lien of the ABL Secured Parties or the Term Secured Parties in the Collateral, the order of priority of such Lien as specified in Section 2.1.

  • Security Agreement Collateral means all "Collateral" as defined in the Security Agreement.

  • UK Security Documents means the UK Pledge Agreements and the UK Debenture.

  • Collateral Agency and Intercreditor Agreement means that certain Collateral Agency and Intercreditor Agreement, dated as of January 31, 2008 (as amended, amended and restated, supplemented or otherwise modified from time to time in compliance with the terms of this Indenture), by and among the Company, the other guarantors from time to time party thereto, the secured debt representatives and the Collateral Agent.

  • First Priority Lien means any Lien created by the First Priority Security Documents.

  • UK Security Agreement means each of the security documents expressed to be governed by the laws of England (as modified, supplemented, amended or amended and restated from time to time) covering certain of such UK Loan Party’s present and future UK Collateral.

  • Guarantee Priority of Payments means the priority of payments relating to moneys received by the Cash Manager for and on behalf of the Guarantor and moneys standing to the credit of the Guarantor Accounts, to be paid on each Guarantor Payment Date in accordance with the Guarantor Agreement.

  • Lowest Priority As of any date of determination, the Class of Subordinate Certificates then outstanding with the latest priority for payments pursuant to Section 4.02(a), in the following order: Class B-3, Class B-2, Class B-1, Class M-3, Class M-2 and Class M-1 Certificates.

  • Security Deed means the security deed dated on or about the Series Issue Date of the ETC Securities entered into as a deed by the Issuer, the Trustee and any other parties thereto by the execution of the Issue Deed and in the form of the Master Security Terms (as amended and/or supplemented by the Issue Deed) and as such Security Deed is amended, supplemented, novated or replaced from time to time.