Post-Enforcement Priority of Payments definition

Post-Enforcement Priority of Payments means the order of priority pursuant to which the Guarantor Available Funds shall be applied on each Guarantor Payment Date, following the delivery of a Guarantor Default Notice, in accordance with the Intercreditor Agreement.

Post-Enforcement Priority of Payments has the meaning given to it in Section 3.07 of the Security Agreement;

Post-Enforcement Priority of Payments has the meaning given to it in Clause 6.2 of the Deed of Charge; Postponed Deferred Consideration means Deferred Consideration, the payment of which is, by reason of the making of provisions as referred to in Clause 2.6(c) of the Mortgage Sale Agreement, postponed from the date on which such Deferred Consideration would, but for such provisions, have been paid; Potential Issuer Event of Default has the meaning given to it in Condition 14 (Meetings of Covered Bondholders, Modification, Waiver and Substitution) of the Programme Conditions; Potential LLP Event of Default has the meaning given to it in Condition 14 (Meetings of Covered Bondholders, Modification, Waiver and Substitution) of the Programme Conditions;

Examples of Post-Enforcement Priority of Payments in a sentence

• The proceeds of enforcement and realisation of the Security shall be applied by the Security Trustee in accordance with the Post-Enforcement Priority of Payments in the Deed of Charge, and Covered Bondholders will receive amounts from the LLP on an accelerated basis.

• The Note Trustee shall not take into account for the purpose of the application of moneys in accordance with the Current Issuer Post-Enforcement Priority of Payments any amounts of which it has not been notified by the intended recipient on or prior to the date in question.

• Such remuneration and such commission (if any) shall be payable hereunder by the Current Issuer alone subject always to Clause 8.3 (Current Issuer Post-Enforcement Priority of Payments) and the amount of such remuneration shall form part of the Current Issuer Secured Obligations and shall accordingly be secured on the Current Issuer Charged Property under the security created by this Current Issuer Deed of Charge.

• Save so far as otherwise directed by the Note Trustee, all monies from time to time received by such Receiver shall be paid over to the Note Trustee to be held by it on the trusts declared under this Current Issuer Deed of Charge and to be distributed in accordance with Clause 8.3 (Current Issuer Post-Enforcement Priority of Payments).

• All such remuneration shall be payable in accordance with the Guarantee Priority of Payments or the Post-Enforcement Priority of Payments, as applicable.

More Definitions of Post-Enforcement Priority of Payments

Post-Enforcement Priority of Payments means the order in which the Post-Enforcement Available Distribution Amount in respect of each Payment Date shall be applied as set out in Note Condition 2.4 (Post-Enforcement Priority of Payments);

Post-Enforcement Priority of Payments means the provisions relating to the order of priority of payments as set out in Condition 3(e) (Post-Enforcement Priority of Payments);

Post-Enforcement Priority of Payments means the priority of payments specified in Condition 7.8 (Post-Enforcement Priority of Payments);

Post-Enforcement Priority of Payments means the order of priority of payments set out in Section 18 of the Receivables Loan Agreement.

Post-Enforcement Priority of Payments means the priority of payments in respect of the net proceeds of enforcement of the security over the Collateral set out in Condition 11 (b) (Enforcement).

Post-Enforcement Priority of Payments means the order in which the Available Distribution Amount in respect of each Payment Date shall be applied as set out in Schedule 4 (Post-Enforcement Priority of Payments) to the Security Trust Deed;

Post-Enforcement Priority of Payments means the order of priority in which the Issuer Available Funds shall be applied following the delivery of a Trigger Notice in accordance with the Conditions and the Intercreditor Agreement.