Enforcement Priority of Payments is defined in Section 7(c).
Enforcement Priority of Payments has the meaning given to it in the Deed of Charge;
Enforcement Priority of Payments has the meaning specified in Section 4.03(i).
Examples of Enforcement Priority of Payments in a sentence
The Bonds are secured by the security set out in Condition 5 but (upon enforcement) rank subordinate in priority in point of payment to any claims of, inter alios, the Trustee against the Issuer as set out in the Enforcement Priority of Payments in Condition 5.3.
Party B hereby covenants in favour of Party A that it shall not agree to any amendment to the Revenue Priority of Payments, Principal Priority of Payments, the Enforcement Priority of Payments or any Relevant Document that it considers to be materially prejudicial to Party A without first gaining the prior written consent of Party A.
The Notes are secured by the security set out in Condition 4 (Security) but rank subordinate in priority in point of payment to any claims of, inter alios, the Trustee against the Issuer as set out in the Pre-Enforcement Priority of Payments and the Enforcement Priority of Payments.
After the occurrence of an Enforcement Event, the payment of the relevant Interest Amounts and Principal Amounts shall be subject to the Post- Enforcement Priority of Payments as set out in Condition 9 (Post-Enforcement Priority of Payments).
Upon the occurrence of an Enforcement Event, the full Class Outstanding Notes Balance of each Class of Notes shall become due and payable in accordance with the Post- Enforcement Priority of Payments.
More Definitions of Enforcement Priority of Payments
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 order of priority of payments set out in Clause 8.3 of the Master Purchaser Deed of Charge and reference to a particular item of the USD Post-Enforcement Priority of Payments is to the corresponding paragraph of Clause8.3 of the Master Purchaser Deed of Charge;
Enforcement Priority of Payments. The meaning given in Section 6.2 (Payment of Funds After Service of a Guarantor Acceleration Notice and Enforcement of Security) of the Security Agreement Potential Guarantor Event of Default The meaning given in Condition 14 (Meetings of Covered Bondholders, Modification, Waiver and Substitution) of the Terms and Conditions Potential Issuer Event of Default The meaning given in Condition 14 (Meetings of Covered Bondholders, Modification, Waiver and Substitution) of the Terms and Conditions Power of Attorney The meaning given in Section 3.1 (Deliveries on First Transfer Date) of the Mortgage Sale Agreement PPSA The personal property security legislation, as amended, supplemented or replaced from time to time, as in effect in each province and territory of Canada (other than Québec), and the Civil Code of Québec, as amended, supplemented or replaced from time to time, as in effect in Québec
Enforcement Priority of Payments has the meaning set forth in Section 8.04. “Environment” means the indoor or outdoor environment, including indoor air, ambient air, surface water, groundwater, drinking water, land surface, subsurface strata, and natural resources such as wetlands, flora and fauna. “Environmental Laws” means any applicable Law relating to the prevention of pollution or the protection of the Environment and natural resources or the protection of human health and safety to the extent related to exposure to Hazardous Materials, including any applicable Laws relating to the generation, use, handling, transportation, storage, treatment, disposal, Release, or threatened Release of, or exposure to, any Hazardous Materials. “Environmental Liability” means any liability, contingent or otherwise (including any liability for damages, costs of investigation and remediation, fines, or penalties), of the Loan Parties or any Project Company directly or indirectly resulting from or based upon (a) violation of any Environmental Law, (b) the generation, use, handling, transportation, storage, treatment or disposal of any Hazardous Materials in violation of Environmental Laws, (c) exposure to any Hazardous Materials, or (d) the Release or threatened Release of any Hazardous Materials into the Environment that requires remedial action under Environmental Law. “Environmental Permit” means any Permit required under any Environmental Law. “EPC Agreement” means, with respect to a Project, the document identified as the EPC Agreement for such Project, and which EPC Agreement shall be in a form consistent in all material respects with Holdings’ past business practices and acceptable to the Blackstone Representative in its reasonable discretion. “Equity Account” means the account established pursuant to Section 1 of the Account Control Agreement and maintained pursuant to Section 9.03(f) hereof. “Equity Contribution” means, collectively, the equity contributions of cash made by the Investors in the Loan Parties on and after the Closing Date. “Equity Holder” has the meaning set forth in the introductory paragraph to this Agreement. “Equity Interests” means, with respect to any Person, all of the shares, interests, rights, participations or other equivalents (however designated) of capital stock of (or other ownership or profit interests or units in) such Person and all of the warrants, options or other rights for the
Enforcement Priority of Payments is def ined in Section 7(c). “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 cont ributed 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: