Other Priority definition

Other Priority means, that the Trustee shall apply all moneys received by it in connection with the realisation or enforcement of security:

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Other Priority. , which shall mean that the Trustee shall apply all moneys received by it under the Amended and Restated Trust Instrument in connection with the realisation or enforcement of the security constituted by or pursuant to the Amended and Restated Trust Instrument:

Other Priority means "Counterparty Priority" save that the claims of (i) the Principal Paying Agent for reimbursement in respect of payment of principal and interest made to the relevant holders of Notes and/or Coupons; and (ii) the Custodian for reimbursement in respect of payment of principal and interest made to the Counterparty relating to sums receivable on the Held Securities or the Credit Support Assets, rank in each case prior to any claim of the Counterparty and shall rank pari passu amongst themselves, as further described in the Trust Deed.

Examples of Other Priority in a sentence

• Other Priority Claim Any Claim, other than an Administrative Claim or a Priority Tax Claim, entitled to priority in right of payment under section 507(a) of the Bankruptcy Code.

• General Unsecured Claim Any Claim other than an Administrative Claim, a Priority Tax Claim, a DIP Facility Claim, an Other Secured Claim, an Other Priority Claim, a Secured Credit Facility Claim, a Senior Notes Claim, a Honeywell Claim, an Intercompany Claim, or a Claim subject to subordination under section 510(b) of the Bankruptcy Code.

• Except to the extent that a holder of an allowed Other Priority Claim agrees to less favorable treatment, in full and final satisfaction, compromise, settlement, release, and discharge of and in exchange for each such Claim, each holder thereof shall receive payment in full in cash or such other treatment rendering its allowed Other Priority Claim unimpaired in accordance with section 1124 of the Bankruptcy Code.

• All Allowed Other Priority Claims not due and payable on or before the Effective Date shall be paid in the ordinary course of business in accordance with the terms thereof.

• Holders of Other Priority Claims in Class 1, Other Secured Claims in Class 2 and General Unsecured Claims in Class 6 are Unimpaired and conclusively presumed to have accepted the Plan, and, therefore, are not entitled to vote to accept or reject the Plan.

• Other Priority Claim Any Claim other than an Administrative Claim or a Priority Tax Claim entitled to priority in right of payment under section 507(a) of the Bankruptcy Code.

• The Plan Administrator shall be responsible for resolving and paying all Administrative Expense Claims, Priority and Secured Tax Claims, and Other Priority Claims.

• Class 1 (Other Priority Claims), Class 2 (Other Secured Claims) and Class 6 (General Unsecured Claims) are Unimpaired by this Plan.

• After all Administrative Expense Claims, Priority and Secured Tax Claims, and Other Priority Claims have been paid in full and there are no remaining Administrative Expense Claims, Priority and Secured Tax Claims, and Other Priority Claims, all funds remaining in the APST Claims Fund shall be remitted to New Lenox.

• Administrative, Priority Tax, and Other Priority Claims Each holder of an allowed administrative, priority tax, or other priority claim shall be paid in full in cash on the effective date of the Plan (the “Effective Date”), or in the ordinary course of business as and when due, or otherwise receive treatment consistent with the provisions of section 1129(a) of the Bankruptcy Code.

More Definitions of Other Priority

Other Priority is specified, the Trustee will act only at and in accordance with the direction of the person or persons ranking in priority immediately after the Trustee. The power of sale under Section 101 of the Law of Property Act 1925 (but without the restrictions imposed by Sections 93 and 103 of such Act) shall apply and have effect on the basis that the relevant Supplemental Trust Deed constitutes a mortgage within the meaning of that Act and the Trustee is a mortgagee exercising the power of sale conferred on mortgagees by that Act with limited title guarantee.

Other Priority. , which shall mean that the Trustee shall apply all moneys received by it under the Trust Instrument in connection with the realisation or enforcement of the security constituted by or pursuant to the Trust Instrument:

Other Priority is specified in the relevant Authorised Offering Document and Supplemental Trust Deed, the Issuer or the Trustee, as applicable, shall apply the Available Proceeds in the manner as set out in the relevant Supplemental Trust Deed. Without prejudice to the provisions of this Clause 6.16, if the Trustee shall hold any moneys which represent principal or interest in respect of Notes, Certificates, Receipts, Coupons or Talons in relation to each Series which have become void under Condition 11, the Trustee shall promptly pay such moneys to the Issuer provided there are no outstanding claims in respect of such Notes, Certificates, Receipts, Coupons or Talons and subject to payment or provision for the payment or satisfaction of the said fees, costs, charges, expenses and liabilities incurred by the Trustee.

Other Priority is specified, as specified in the Supplemental Trust Deed and in the Applicable Supplement.

Other Priority is specified in the relevant Authorised Offering Document and Supplemental Trust Deed, the Issuer or the Trustee, as applicable, shall apply the Available Proceeds in the manner as set out in the relevant Supplemental Trust Deed. Without prejudice to the provisions of this Clause 6.16, if the Trustee shall hold any moneys which represent principal or interest in respect of Notes or Coupons in relation to each Series which have become void under Condition 11, the Trustee shall promptly pay such moneys to the Issuer provided there are no outstanding claims in respect of such Notes or Coupons and subject to payment or provision for the payment or satisfaction of the said fees, costs, charges, expenses and liabilities incurred by the Trustee.

Other Priority is specified in the Supplemental Trust Deed and the Applicable Supplement relating to such Series, the Trustee or the Principal Paying Agent shall apply all monies received by it under the provision of this Principal Trust Deed and the Supplemental Trust Deed relating to such Series in connection with the realisation or enforcement of the Security constituted thereby, as set out in the Supplemental Trust Deed and the Applicable Supplement relating to such Series.