Priority Amounts means the aggregate amount of Distributions necessary to be received by Starwood in order to realize the First Priority Amount and the Second Priority Amount.
Priority Amounts means any amounts described in Condition 6(h)(i) and/or Condition 6(h)(ii);
Priority Amounts means: (i) the amount to be deposited into the Issuer Dutch Account as required to be retained by the Issuer as minimum profit pursuant to an agreement with the Dutch tax authorities obtained on behalf of the Issuer, (ii) the amount of taxes owing by Issuer to any tax authority in respect of the most recently completed Interest Period (excluding Dutch corporate income tax payable in relation to the amounts referred to in (i) above, if any) and (iii) any amounts due and payable by the Issuer in the course of its bus iness, consisting of sums due to third parties (other than the Secured Creditors) including all costs, expenses, fees and indemnity claims due and payable by the Issuer to any enforcement official appointed in respect of the Mortgage Loan or the Asset Security, to the extent not previously paid.Allocation among Note Classes On each Payment Date prior to the service of a Note Enforcement Notice, Interest Collections allocated to the Noteholders in accordance with the priorities listed above under "— Allocation of Interest Collections Prior to Monetary Default" will be paid as follows:
Examples of Priority Amounts in a sentence
Revenue Priority Amounts and/or Principal Priority Amounts will be paid in sterling, using funds standing to the credit of the Transaction Account.
To this end the parties agree that payments to Bondowners on Bonds supported by a Credit Facility shall be made only from Priority Amounts, except when and to the extent no Priority Amounts are available for the purpose as provided in Section 5.9(E) of the Indenture.
Pre-Tax Income Priority Amounts for each of the Earn Out Years shall be as follows: (i) $2.5 million from the Closing Date through 12/31/2020, (ii) $10.0 million from 01/01/2021 through 12/31/2021, (iii) $12.5 million from 01/01/2022 through 12/31/2022, (iv) $15.625 million from 01/01/2023 through 12/31/2023, and (v) $14.625 million from 01/01/2024 through the forty-eight (48) month anniversary of the Closing Date.
Each of the Purchasers, the Company and the Operating LLC acknowledge and agree to the foregoing, will take all necessary steps or actions to effect the foregoing and agree not to contest the validity, priority or enforceability of the Company Priority Amounts or this provision.
Any (i) Excess Swap Collateral, (ii) Swap Tax Credit Amounts and(iii) Swap Replacement Premium Amount, (together referred to as the Swap Priority Amounts) will be paid directly to the Swap Provider and will not be applied in accordance with the Priority of Payments.
More Definitions of Priority Amounts
Priority Amounts means (i) first, all fees, charges, costs and expenses in relation to the RB Notes payable to or incurred by Euroclear and/or Clearstream in respect of such RB Notes, and (ii) secondly, all fees and expenses due and payable by the Company at any time and from time to time to the Trustee, the Purchaser’s Technical Consultant, the Issuing and Paying Agents, the Agent Bank, the Irish Listing Agent, the Rating Agencies, and other professional fees (including but not limited to fees andother amounts due and payable to the corporate services provider to the Company for the provision of corporate services to the Company, and audit fees and other fees payable to other professional service providers of the Company), to the extent the quantum of such fees and expenses have been agreed to between the Company and any of such persons (or their successors or any new appointee replacing any of such persons) on or prior to the date of the issue of the Notes, and provided the agreements between the Company and such persons as to such quantum may not be amended without the Company or the Trustee having notified Moody’s and having obtained the prior confirmation or affirmation of Fitch that any such proposed amendment would not result in a downgrade in or withdrawal of the ratings of the RB Notes;
Priority Amounts means (1) any amounts drawn under the Letter of ---------------- Credit,
Priority Amounts means, following the occurrence of an Enforcement Event and in respect of a series of Secured Securities, the amounts which are payable in accordance with the Priority of Payments in priority to amounts due to be paid to the Holders;
Priority Amounts has the meaning as set forth on Annex J.
Priority Amounts means the amount of the association's regular assessments established under a periodic budget that would have become due during the 6-month period immediately prior to initiating a lawsuit to enforce a lien under section 1603-116, the expenses of heat and utilities paid by the association in order to preserve the unit during the 6-month period and the association's costs and reasonable attorney's fees incurred in enforcing the lien. "Priority amounts" does not include amounts attributable to special assessments, late charges, fines, penalties and interest assessed by the association.
Priority Amounts means the following: (a) amounts owed on account of Allowed Administrative Claims, Priority Tax Claims, 8.125% Notes Secured Claims, Other Secured Claims, Other Priority Claims, and Superpriority Administrative Claims, (b) amounts necessary to fund the General Unsecured Claims Fund, and (c) amounts necessary to fund the costs and expenses of administration of the Liquidating Debtors on and after the Effective Date, including, without limitation, the costs of pursuing any Causes of Action, monetizing any remaining assets held by the Liquidating Debtors and/or winding up the Liquidating Debtors’ business affairs pursuant to the Wind-down Budget, including amounts necessary to fund the Wind-down Reserve.
Priority Amounts means the application of the Partnership's cash to the following uses in the following order of priority:
(a) maintenance, operating and other business expenses and capital expenditures necessary for the continued safe and economic operation of the Project, including payments under the agreement with the Operator, expenditures to meet governmental requirements and Reserves in anticipation of such expenditures;
(b) principal, interest, fees, rent, costs and expenses of the Partnership pursuant to any Long-Term Credit Facility and any and all Reserves and deposits required by any Long-Term Credit Facility;
(c) a General Partner Management Fee equal to 2.5% of the Gross Revenues of the Partnership for each month prior to and including the month of the Bond Closing Date payable to each General Partner on the next following Distribution Date;
(d) to the extent that payment of any General Partner Management Fee or any Royalty Fee have, at the option of the General Partners, been subordinated or deferred or there is insufficient cash on any prior Distribution Date to pay the General Partner Management Fee or Royalty Fee, all such subordinated, deferred or unpaid General Partner Management Fee and Royalty Fee;
(e) a General Partner Management Fee equal to 0.5% of the Gross Revenues of the Partnership calculated from the first day of the month after the Bond Closing Date for a period of forty eight (48) calendar months thereafter payable to York Partners on each Distribution Date;
(f) a Royalty Fee equal to 4.5% of the Gross Revenues of the Partnership calculated from the first day of the month after the Bond Closing Date for a period of forty-eight (48) calendar months thereafter payable to York Partners on each Distribution Date;
(g) a General Partner Management Fee equal to 2.0% and 2.0% of the Gross Revenues of the Partnership calculated from the first day of the month beginning forth-eight (48) months after the Bond Closing Date for a period of sixty (60) calendar months thereafter payable to York Partners and MENY, respectively, on each Distribution Date;
(h) a General Partner Management Fee equal to 1.5% and 1.5% of the Gross Revenues of the Partnership calculated from the first day of the month beginning one hundred eight (108) months after the Bond Closing Date for a period of sixty (60) calendar months thereafter payable to York Partners and MENY, respectively, on each Distribution Date;
(i) a General Partner Management Fee equal to 1.0% and 1.0% of the G...