Examples of Deed of Priority in a sentence
Such charge shall rank pari passu with the security for any New Bonds and any other Pari Passu Borrowings, in each case subject to and in accordance with the terms of the Deed of Priority.
The Loan Parties shall deliver, or cause to be delivered, to Agent an agreement, in form and substance satisfactory to Agent, executed by each 2013 Bondholder, pursuant to which each 2013 Bondholder agrees to be bound by the Deed of Priority and agrees that the 2013 Security Trust has authority to execute the Deed of Priority on behalf of such 2013 Bondholder (each such agreement is referred to herein as a “Bondholder Consent”).
Each Lender hereby irrevocably appoints, designates and authorizes Agent to enter into any subordination or intercreditor agreement pertaining to the 2013 Bonds or any other Subordinated Debt (including, without limitation, the Deed of Priority), on its behalf and to take such action on its behalf under the provisions of any such agreement (subject to the last sentence of this Section 10.11).
Costs associated with the Company’s Residential Assistance Adjustment Clause tariff will be included in the LDAC, as approved by the Department.
The security constituted by the Bond Deed of Pledge shall become enforceable upon the occurrence of an Event of Default which is continuing, subject as provided in the Deed of Priority.