Priority Agreement definition

Priority Agreement means the agreement between the Agent, the Banks, the Borrowers and the Agent and the lenders under the Junior Facility Agreement regulating the priorities and the rights of enforcement of security between the Banks and the lenders under the Junior Facility Agreement pursuant to paragraph 7 of Part 1 of the First Schedule;

Priority Agreement means any agreement between a Seller and a subsequent mortgagee of Land the subject of a Mortgage or Collateral Security:

Priority Agreement means the priority agreement originally dated 29 March 2004, as amended and restated pursuant to a supplemental agreement dated 27 May 2004, as further amended and restated by a supplemental agreement dated 1 July 2004 and as further amended and restated by a supplemental agreement dated 9 May 2006 made between, amongst others, KDG, KDVS, the Facility Agent and the Lenders are parties in connection with the Credit Agreement.

Examples of Priority Agreement in a sentence

• No director, officer, employee, incorporator or shareholder of the Parent Guarantors, the Issuer or any Subsidiary Guarantor, as such, shall have any liability for any obligations of the Parent Guarantors, the Issuer or any Subsidiary Guarantor under the Notes, this Indenture or the Priority Agreement or for any claim based on, in respect of, or by reason of, such obligations or their creation.

• Each Holder, by accepting a Note, consents and agrees to the terms and conditions of the Priority Agreement.

• The payment by the Issuer of the principal of, premium, if any, interest or Additional Amounts, if any, on the Notes and all other obligations of the Issuer under the Indenture is, subject to Section 10.2 of the Indenture, the Priority Agreement and limitations under applicable law, fully and unconditionally guaranteed, jointly and severally, on a senior unsecured basis, by each of the Guarantors to the extent set forth in the Indenture.

• On or following the Issue Date, the Trustee, on behalf of itself and the Holders of the Notes and at the request and expense of the Issuer, will accede to the Priority Agreement.

• The Parent shall be entitled, upon written notice by the Parent to the Trustee, to terminate the Priority Agreement as to itself, the Issuer and all of the Guarantors, in its sole discretion and without any action on the part of the Trustee or any of the Holders of the Notes at any time after which the holders of any of the Existing Senior Notes are no longer entitled to the benefits of, or otherwise subject to the terms or conditions of, the Priority Agreement.

More Definitions of Priority Agreement

Priority Agreement means the Existing Priority Agreement amended on a basis consistent with the Agreed Priority Agreement Principles after the date of the Credit Agreement.

Priority Agreement means the Priority Agreement detailed in Article 10 of this Agreement;

Priority Agreement means an agreement dated as of the date of this Agreement between the Lender and the Senior Lender;

Priority Agreement means (i) the Priority Agreement, dated as of September 16, 2002, (ii) the Priority Agreement dated as of February 14, 2003 and (iii) any other priority agreement executed in connection with the issuance and sale of Additional Notes under the Indenture, in each case, as amended, modified or supplemented from time to time, among the Senior Creditors (as defined therein), the Company, Parent, the Subsidiary Guarantor and the other parties thereto from time to time."

Priority Agreement any agreement to be entered into on the terms of this Agreement between (1) the Council and (2) an Investor to regulate priorities between the rights of the Council under the Legal Charge and the rights of an Investor under any security given by the Developer to an Investor in respect of any funding provided by the Investor for the Development Works so such funding takes priority to any payments secured by a Legal Charge and in such reasonable form as proposed by the Developer to be approved by the Council such approval not to be unreasonably withheld or delayed “Private Residential Units” any Residential Units that are not Affordable Residential Units and which may include car parking spaces “Professional Team” each of the following for the Relevant Plot:

Priority Agreement means the Amended and Restated Priority Agreement, dated 16 July 2013, as amended, modified, supplemented or replaced from time to time, among the Parent, certain Subsidiaries of the Parent, the trustees for the Existing Senior Notes and the other parties thereto from time to time.

Priority Agreement means the priority agreement dated January 12, 2006 (as amended and restated on October 6, 2006, November 17, 2006, March 28, 2013 and November 14, 2014) between, among others, the Company, certain other Proceeds Loan Obligors and ING Bank N.V., as security agent, as previously amended and as may be further amended and in effect from time to time.