Enforcement Priority of Payments definition

Enforcement Priority of Payments is defined in Section 7(c).

Enforcement Priority of Payments has the meaning specified in Section 4.03(i).

Enforcement Priority of Payments has the meaning given to it in the Deed of Charge;

Examples of Enforcement Priority of Payments in a sentence

The only withdrawals from the Margin Account shall be (1) if at any time any Event of Default has occurred and is continuing, for application under the Enforcement Priority of Payments at the direction of the Requisite Lenders and (2) if no Default or Event of Default or Collateral Deficit has occurred or would result therefrom, for transfer to the Principal Collection Account or remittance to the Equity Holder as provided in the Margining Agreement.

Enforcement Priority of Payments means the priority of payments in part C (Italian FleetCo Pre-Enforcement Priority of Payments) of part 5 (FleetCo Pre-Enforcement Priority of Payments) of schedule 3 (Priorities of Payments) to the Framework Agreement.

Enforcement Priority of Payments means any of them, as the context requires.

Enforcement Priority of Payments means the priority of payments set out in Clause 8.2;

Enforcement Priority of Payments means the order of priority of payments set out in Clause 7.4 of the Master Purchaser Deed of Charge and reference to a particular item of the USD Pre-Enforcement Priority of Payments is to the corresponding paragraph of Clause 7.4 of the Master Purchaser Deed of Charge;

Enforcement Priority of Payments is def ined in Section 7(c). 26 “Entitlement Order” is def ined in Section 8 102(a)(8) of the UCC. "Equity Distribution" means any dividend or other distribution, direct or indirect, on account of any Equity Interests of a Borrower now or hereaf ter outstanding. “Equity Distribution Test” means, with respect to (a) any Equity Distribution (other than a Permitted RIC Distribution) at any time pursuant to the terms set forth herein, (b) any deferred purchase price payments to the Sellers in respect of Collateral Obligations previously contributed by the Seller to the Borrowers or (c) any application under any clause of the Interest Priority of Payments or Principal Priority of Payments on any Payment Date, a test satisfied if, on a pro forma basis af ter giving ef fect thereto, no Default, Event of Default or Borrowing Base Def iciency shall have occurred and be continuing or would result or increase therefrom; provided that:

Enforcement Priority of Payments prior to any enforcement of the security created under the Issuer Deed of Charge, ensure that amounts standing to the credit of the Issuer Transaction Account which are available for distribution in a Monthly Payment Period will, in accordance with the terms of the Issuer Cash Management Agreement and the Issuer Deed of Charge, be allocated and applied in or towards satisfaction of such of the obligations set out in the Issuer Pre-Enforcement Revenue Priority of Payments or the Issuer Pre-Enforcement Principal Priority of Payments, as applicable, as may be, at any given time during such Monthly Payment Period, then due and payable (in each case only if and to the extent that payments or provisions of a higher order of priority which are also due and payable in such Monthly Payment Period or, where relevant, are likely to fall due at that time or prior to the next succeeding Monthly Payment Period have been made or provided for in full);