No Priority definition

No Priority. No Limited Partner shall have priority over any other Limited Partner as to return of Capital Contributions, allocations of income, gain, losses, credits, deductions, or as to distributions of Distributable Cash.
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No Priority. No Member shall have any priority over any other Member with respect to any distribution of LLC property or cash which may be made by the LLC, except that the Members shall be entitled to the priorities of distribution as set forth in Section 3.2
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Examples of No Priority in a sentence

  • No Priority Lien Secured Party will contest, protest or object to any Enforcement Action brought by the Collateral Trustee, or any action taken by the Collateral Trustee in any Insolvency or Liquidation Proceeding or any other exercise by the Collateral Trustee of any rights and remedies relating to the Collateral, in each case, in accordance with the terms of this Agreement.

  • No Priority Lien Secured Party shall by any act (except by a written instrument pursuant to Section 9.1), delay, indulgence, omission or otherwise be deemed to have waived any right or remedy hereunder or to have acquiesced in any Priority Lien Event of Default.

  • No Priority Agent nor any other Priority Secured Party shall have any duty to the Third Lien Collateral [Agent][Trustee] or any other Third Lien Party to act or refrain from acting in a manner that allows, or results in, the occurrence or continuance of an event of default or default under any agreement with the Borrower or any Subsidiary (including the Third Lien Debt Documents), regardless of any knowledge thereof that they may have or be charged with.

  • Service Request (No Priority Level) Respond: 1 hour Normal Resolution: 4 hrs.

  • Seller agrees and covenants that it will remove and revoke all existing claims and statements of priority, except for the existing claims of priority to provisional patent application US 60/532,300, in U.S. patent applications US 10/766,660 and US 10/782,082 (the “No Priority Claim Patent Applications”) to other patents and/or patent applications and it will not make any new claims of priority in the No Priority Claim Patent Applications.

  • No Priority Secured Party may consent to any credit bid or acceptance of Collateral in respect of all or part of the Priority Obligations (including under Section 363(f) of the Bankruptcy Code or any similar provision of any other applicable Bankruptcy Law) unless the Discharge of First-Out Obligations would occur immediately upon the initial consummation of the transaction subject to such credit bid or acceptance of Collateral.

  • The following usage quotas are provided initially: Maximum transfer per month: 23.4 TB Maximum storage: 2.34 TB Extra reporting included: No Student authoring included: No Priority Support: Email for 4 users In order to increase usage limitations outlined above according to the prices outlined below in “2.

  • The Proposing Department must specify in the Academic Calendar that: "Some of the choices listed above are only available to students who are enroled in a program sponsored by the Department or Unit offering the course, and/or who have completed the specified prerequisites." By selecting the No Priority Access option, access is necessary and the Sponsoring Department agrees to the cross-listing among the Proposing Department's New Program requirements.

  • No Priority Lien Debt may be issued except in accordance with the terms of the Indenture.

  • No Priority Lien Claimholder shall bear any expense for any of the actions in the preceding sentence.

Related to No Priority

  • Lower Priority As of any date of determination and any Class of Subordinate Certificates, any other Class of Subordinate Certificates then outstanding with a later priority for payments pursuant to Section 4.02 (a).

  • Second Priority means, with respect to any Lien purported to be created in any Collateral pursuant to any Collateral Document, that such Lien is the only Lien to which such Collateral is subject, other than any Permitted Lien.

  • 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.

  • Second Priority Liens means all Liens on the Second Priority Collateral securing the Second Priority Claims, whether created under the Second Priority Security Documents or acquired by possession, statute (including any judgment lien), operation of law, subrogation or otherwise.

  • Second Priority Secured Parties means the Second Priority Representative, the Second Priority Creditors and any other holders of the Second Priority Obligations.