Payments Priorities definition

Payments Priorities has the meaning ascribed to it in the Deed of Charge;

Payments Priorities means, in relation to the Certificates, the provisions relating to the order of priority of payments following the delivery of an Enforcement Notice in relation to the Certificates by the Trustee or in connection with a Mandatory Redemption, set out in the Trust Deed and as described in Condition 5 (Security and Payments Priorities);

Payments Priorities has the same meaning as in the Deed of Charge. "Rating Agencies" means Fitch and Moody's.

Examples of Payments Priorities in a sentence

• For the avoidance of doubt, all charges and fees shall be payable in accordance with the relevant Payments Priorities.

• There can be no assurance that, upon any such redemption, the proceeds realised would permit any payment on the Class B Notes after required payments are made in respect of the Class A Notes and to the other creditors of the Issuer which rank in priority to the holders of the Class B Notes pursuant to the Payments Priorities.

• There can be no assurance that the distributions on the Collateral Bond Portfolio and other Security charged by the Issuer to the Trustee in respect of its obligations under, amongst other things, the Notes will be sufficient to enable the Issuer to make payments of interest and principal on the Notes after making payments which rank senior to such payments pursuant to the Payments Priorities.

• Except as is otherwise stated below, such risk factors are generally applicable to all Classes of Notes, although the degree of risk associated with each Class of Notes will vary depending on its priority of payment pursuant to the Payments Priorities.

• Subject to the Payments Priorities, payments of principal in respect of the Class B Notes will be subordinated in right of payment to the full payment of the interest due and payable in respect of the Class A Notes.

More Definitions of Payments Priorities

Payments Priorities means the Pre-Enforcement Payments Priorities and the Post-Enforcement Payments Priorities;

Payments Priorities means the Programme Payment Date Payments Priorities and the Post Event of Default Priority of Payments, as the case may be;

Payments Priorities means, together, the Revenue Priority of Payments, the Principal Priority of Payments, and the Enforcement Priority of Payments;

Payments Priorities has the meaning given to it in the Conditions;

Payments Priorities has the same meaning as in the Deed of Charge. "Rating Agencies" means Fitch and Xxxxx'x.‌

Payments Priorities means the Issuer Pre-Enforcement Payment Priorities and the Issuer Post- Enforcement Payment Priorities;

Payments Priorities means the Pre-Enforcement Interest Payments Priorities, the Pre- Enforcement Principal Payments Priorities and the Post-Enforcement Payments Priorities, as the case may be;