Principal Priority of Payments definition
Principal Priority of Payments means the priority of payments in respect of Principal Proceeds set out in Condition 3(c)(ii) (Principal Priority of Payments).
Principal Priority of Payments is defined in Section 7(b).
Principal Priority of Payments has the meaning specified in Section 4.03(h).
Examples of Principal Priority of Payments in a sentence
During the Reinvestment Period, amounts received in the Principal Collection Account, or deposited in the Principal Collection Account under the Principal Priority of Payments, may be applied to the Acquisition of Collateral Obligations (or may be deposited in or retained in the Principal Collection Account for investment in Eligible Investments pending Acquisition of Collateral Obligations) in each case in accordance with this Agreement.
More Definitions of Principal Priority of Payments
Principal Priority of Payments has the meaning given to it in the Deed of Charge;
Principal Priority of Payments means the Priority of Payments under Condition 6.1.2 (Priority of Payments - Pre-Trigger Notice Priority of Payments - Principal Priority of Payments).
Principal Priority of Payments means the Principal Priority of Payments prior to a Trigger Event or the Principal Priority of Payments after a Trigger Event, as applicable.
Principal Priority of Payments means the provisions relating to the order of priority of payments in respect of application of Principal Collections in respect of Senior Debt and Junior Debt following the delivery of a Loan Enforcement Notice but prior to the delivery of a Loan Acceleration Notice or in respect of an application of Available Surplus Revenue Collections following the passing of a Post- Enforcement Surplus Revenue Prepayment Resolution, as set out in Schedule 2, Part B to the STID.
Principal Priority of Payments to the payment of the amounts referred to in subclauses (1) through (5) of the Interest Priority of Payments (in the order of priority set forth therein), but only to the extent not paid in full thereunder; (2) an amount (in relation to any Payment Date the “Mandatory Prepayment Amount”) equal to the Required Principal Amortization Amount for such Payment Date to the repayment of the Loans in a mandatory prepayment pursuant to Section 2.9 until the Loans are repaid in full; provided that if the amount on deposit in the Unfunded Reserve Account equals or exceeds the amount of outstanding Loans, the Borrower (or the Collateral Manager on its behalf) may elect to withdraw such amounts f rom the Unfunded Reserve Account and repay the Loans in full pursuant to this clause (2); (3) if a Clean-Up Call Event has occurred and is continuing, to the outstanding principal of the Loans and the other Obligations until the Obligations are repaid in full;