Interest Priority of Payments definition

Interest Priority of Payments means the priority of payments in respect of Interest Proceeds set out in Condition 3(c)(i) (Interest Priority of Payments).
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Interest Priority of Payments is defined in Section 7(a).
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Interest Priority of Payments means the priorities of payments in respect of Interest Proceeds set out in Condition 3(c)(i) (Application of Interest Proceeds).
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Examples of Interest Priority of Payments in a sentence

  • Similarly, the actual amounts payable under the applicable Interest Priority of Payments will vary during the life of the transaction as a result of fluctuations in EURIBOR and possible variations in certain other costs and expenses of the Issuer.

  • Payments will be made from the Transaction Account on each Monthly Payment Date in accordance with the Monthly Interest Priority of Payments and on each Quarterly Payment Date in accordance with the Quarterly Interest Priority of Payments and the Principal Priority of Payments or during any Monthly Interest Period in accordance with Section 5.9.1.

  • If the balance standing to the credit of the Reserve Fund Account on any Quarterly Calculation Date, exceeds the Reserve Fund Required Amount, such excess amount shall be debited from the Reserve Fund Account on the next following Quarterly Payment Date, credited to the Transaction Account, and form part of the Quarterly Interest Available Funds, to be applied in accordance with the Quarterly Interest Priority of Payments.

  • Interest and principal payments shall be made in accordance with the Quarterly Interest Priority of Payments.

  • Interest and principal payments shall be made in accordance with the Quarterly Interest Priority of Payments and on terms set out in the Subordinated Loan.

  • The possible effect of such variations could lead to drawings under the Reserve Fund and non-payment of certain items under such Interest Priority of Payments.

  • Class A Interest Shortfall means, in relation to any Quarterly Payment Date, any shortfall of the aggregate amounts under items (a) to and including (i) of the Quarterly Interest Available Funds to pay in full item (i) of the Quarterly Interest Priority of Payments on the relevant Quarterly Payment Date.

  • Similarly, the actual amounts payable under the Interest Priority of Payments will vary during the life of the transaction as a result of fluctuations in Euribor and possible variations in certain other costs and expenses of the Issuer.

  • Pre-enforcement Interest Priority of Payments 3, Target Cash Reserve Amount 4.

  • Provided no Enforcement Notice is given, the Reserve Fund shall be applied in accordance with items (i) and (ii) of the Monthly Interest Priority of Payments and items (i) up to (and including) (ii) of the Quarterly Interest Priority of Payments as long as the Class A Notes have not been redeemed in full and items (i) up to (and including) (v) of the Quarterly Interest Priority of Payments if the Class A Notes have been redeemed in full.


More Definitions of Interest Priority of Payments

Interest Priority of Payments has the meaning specified in Section 4.03(g).
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Interest Priority of Payments means the Priority of Payments under Condition 6.1.1 (Priority of Payments - Pre-Trigger Notice Priority of Payments - Interest Priority of Payments).
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Interest Priority of Payments means the priority of payments set out in Clause 19.
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Related to Interest Priority of Payments

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

  • Security Documents means, collectively, the Security Agreement, each Short-Form IP Security Agreement, each Real Property Security Document, and each other security document, control agreement or financing statement required or recommended to perfect Liens in favor of the Secured Parties for purposes of securing the Obligations.

  • Interest Proceeds means, with respect to any Collection Period or the related Determination Date, without duplication, the sum of: