Priorities of Payments means the orders of priority for the allocation and distribution of amounts standing to the credit of the Guarantor LP in different circumstances being the Pre-Acceleration Revenue Priority of Payments, the Pre-Acceleration Principal Priority of Payments and the Guarantee Priority of Payments (see Article 6 of the Guarantor LP Agreement) and the Post-Enforcement Priority of Payments (see Section 3.07 of the Security Agreement) and “Priority of Payment” means any one of the foregoing;
Priorities of Payments means the CBC Priority of Payments and the Post CBC Acceleration Notice Priority of Payments.
Priorities of Payments means the orders of priority for the allocation and distribution of amounts standing to the credit of the Guarantor in different circumstances;
Examples of Priorities of Payments in a sentence
The funds available to the Issuer to pay its expenses on any Payment Date are limited as provided in the Priorities of Payments.
Payments of interest and principal on the Subordinated Notes will only be made to the extent that there are Interest Proceeds and Principal Proceeds available for such purpose in accordance with the Priorities of Payments.
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 in accordance with the position of such Class of Notes in the Priorities of Payments.
On the Special Redemption Date, the Special Redemption Amount will be applied in accordance with the Priorities of Payments.
As such, it is not necessarily settled that the particular flip clauses contained in the Priorities of Payments would certainly be enforceable as a matter of English law, in the case of insolvency of a Hedge Counterparty.
More Definitions of Priorities of Payments
Priorities of Payments means, in the case of Interest Proceeds, the Interest Priority of Payments and, in the case of Principal Proceeds, the Principal Priority of Payments and, in the case of Collateral Enhancement Obligation Proceeds, the Collateral Enhancement Obligation Proceeds Priority of Payments.
Priorities of Payments means the Pre-Enforcement Priority of Payments and the Post-Acceleration Priority of Payments.
Priorities of Payments means (a) prior to enforcement of the security over the Mortgaged Property, the Interest Proceeds Priority of Payments and the Principal Proceeds Priority of Payments, and (b) following enforcement of the security over the Mortgaged Property, the Enforcement Priority of Payments;
Priorities of Payments means the Borrower Post-Enforcement (Pre-Acceleration) Revenue Priority of Payments and the Borrower Post-Enforcement (Pre-Acceleration) Principal Priority of Payments and "Borrower Post- Enforcement (Pre-Acceleration) Priority of Payments" means either of them, as the context requires.
Priorities of Payments means (a) save for following any redemption of the Notes in the case of Condition 7(b)(i)(A) or (B), at the request in writing of the holders of more than 50 per cent. of the Principal Amount Outstanding of the Subordinated Notes or, pursuant to Condition 7(b)(i)(C), at the direction of the Controlling Class acting by Extraordinary Resolution, and prior to enforcement of the security over the Collateral, in the case of Interest Proceeds, the Interest Proceeds Priority of Payments, in the case of Principal Proceeds, the Principal Proceeds Priority of Payments or, in the case of Collateral Enhancement Obligation Proceeds, the Collateral Enhancement Obligation Proceeds Priority of Payments, and (b) (1) in the event of any redemption of the Notes pursuant to Condition 7(b)(i)(A) or (B) at the request in writing of the holders of more than 50 per cent. of the Principal Amount Outstanding of the Subordinated Notes or, pursuant to Condition 7(b)(i)(C), at the direction of the Controlling Class acting by Extraordinary Resolution, or (2) following enforcement of the security over the Collateral, the Enforcement Proceeds Priority of Payments or, in the case of Collateral Enhancement Obligation Proceeds, the Collateral Enhancement Obligation Proceeds Priority of Payments;
Priorities of Payments means, in the case of Interest Proceeds, the Interest Priority of Payments set out in Condition 3(c)(i) (Interest Priority of Payments), in the case of Principal Proceeds, the Principal Priority of Payments set out in Condition 3(c)(ii) (Principal Priority of Payments) and, in the case of Collateral Enhancement Obligation Proceeds, the Collateral Enhancement Obligation Priority of Payments set out in Condition 3(c)(iii) (Collateral Enhancement Obligation Priority of Payments).
Priorities of Payments means, together, the Interest Priority of Payments, the Principal Priority of Payments and the Accelerated Priority of Payments.