Priority Class definition

Priority Class. With respect to any specified Class of Notes, each Class of Notes that ranks senior to such Class, as indicated in Section 2.3.

Priority Class. With respect to any specified Class of Securities, each Class of Securities that ranks senior to such Class, as indicated in Section 2.3.

Priority Class. With respect to any specified Class of Debt, each Class of Debt that ranks senior to such Class, as indicated in Section 2.3.

Examples of Priority Class in a sentence

• With respect to any specified Class or Classes of Secured Notes as of any date of determination, the percentage derived from: (i) the Adjusted Collateral Principal Amount on such date divided by (ii) the Aggregate Outstanding Amount on such date of the Secured Notes of such Class or Classes, each Priority Class of Secured Notes and each Pari Passu Class of Secured Notes.

• Payment of interest and distributions on each Class of Securities will be subordinated to the payment of interest on each related Priority Class as provided in Section 11.1. To the extent lawful and enforceable, interest on any interest that is not paid when due on any Secured Notes shall accrue at the Interest Rate for such Class until paid as provided herein.

• Notwithstanding the foregoing, the entire unpaid principal amount of the Notes shall be due and payable, if not previously paid, on the date on which an Event of Default shall have occurred and be continuing, if the Indenture Trustee, or Holders of the Notes representing not less than a majority of the Outstanding Balance of the Priority Class Notes, have declared the Notes to be immediately due and payable in the manner provided in Section 5.02.

• The Class of Outstanding Notes that is rated by S&P in respect of which no Priority Class is Outstanding.

• All projects are assigned both a Priority Sequence number and Priority Class number for categorizing and sorting projects based on criticality and recommended execution order.

More Definitions of Priority Class

Priority Class. With respect to (i) any specified Class of Secured Debt, each Class of Secured Debt that ranks senior to such Class, as indicated in Section 2.3, and (ii) the Subordinated Securities, each Class of Secured Debt.

Priority Class means, with respect to any specified Class of Notes, each Class of Notes that ranks senior to such Class, as indicated in Section 2.3 hereof.

Priority Class means, with respect to any specified Class of Notes, each Class of

Priority Class. With respect to any specified Class of Debt, each Class of Debt that ranks senior to such Class, as indicated in Section 2.3(b) (Authorized Amount; Stated Maturity; Denominations). "Priority of Payments": The meaning specified in Section 11.1(a) (Disbursements of Monies from Payment Account). "Priority Termination Event": The meaning specified in the relevant Hedge Agreement, which may include, without limitation, the occurrence of (i) the Issuer's failure to make required payments or deliveries pursuant to a Hedge Agreement with respect to which the Issuer is the sole Defaulting Party (as defined in the relevant Hedge Agreement), (ii) the occurrence of certain events of bankruptcy, dissolution or insolvency with respect to the Issuer with respect to which the Issuer is the sole Defaulting Party (as defined in the relevant Hedge Agreement), (iii) the liquidation of the Assets due to an Event of Default under this Indenture or (iv) a change in law after the 2024 Closing Date which makes it unlawful for either the Issuer or a Hedge Counterparty to perform its obligations under a Hedge Agreement. "Proceeding": Any suit in equity, action at law or other judicial or administrative proceeding. "Process Agent": The meaning specified in Section 7.2 (Maintenance of Office or Agency). "QIB/QP": Any Person that, at the time of its acquisition, purported acquisition or proposed acquisition of Notes is both a Qualified Institutional Buyer and a Qualified Purchaser. "Qualified Broker/Dealer": Any of Antares; Bank of America; The Bank of Montreal; The Bank of New York Mellon, N.A.; Barclays Bank plc; BNP Paribas; Broadpoint Securities; Citadel Securities LLC; Credit Agricole CIB; Citibank, N.A.; Credit Agricole S.A.; Canadian Imperial Bank of Commerce; Commerzbank; Credit Suisse; Deutsche Bank AG; Dresdner Bank AG; Xxxxxxx Xxxxx & Co.; Golub; HSBC Bank; Imperial Capital LLC; ING Financial Partners, Inc.; Xxxxxxxxx & Co.; X.

Priority Class. With respect to any specified Class of Debt, each Class of Debt that ranks senior to such Class, as indicated in Section 2.3. “Priority of Partial Refinancing Proceeds”: The meaning specified in Section 11.1(a)(iv). “Priority of Payments”: The meaning specified in Section 11.1(a). “Proceeding”: Any suit in equity, action at law or other judicial or administrative proceeding. “Proceeds”: The aggregate of Interest Proceeds and Principal Proceeds. “Proposed Portfolio”: The portfolio of Collateral Obligations and Eligible Investments resulting from the proposed purchase, sale, maturity or other disposition of a Collateral Obligation or a proposed reinvestment in an additional Collateral Obligation, as the case may be. “QIB”: A Qualified Institutional Buyer. “QIB/QP”: Any Person that, at the time of its acquisition, purported acquisition or proposed acquisition of Debt is both a Qualified Institutional Buyer and a Qualified Purchaser. “QP”: A Qualified Purchaser. “Qualified Broker/Dealer”: Any of Antares Capital; Ares Capital Corporation; Bank of America/Xxxxxxx Xxxxx; The Bank of Montreal; The Bank of New York Mellon; Barclays Bank plc; BNP Paribas; Broadpoint Securities; Calyon; Canadian Imperial Bank of Commerce; Capital One; Citibank, N.

Priority Class. With respect to any specified Class of Notes, each Class of Notes that ranks senior in Order of Priority to such Class.

Priority Class. With respect to any specified Class of Notes, each Class of Notes that ranks senior to such Class, as indicated in Section 2.3. “Priority of Payments”: The meaning specified in Section 11.1(a). “Proceeding”: Any suit in equity, action at law or other judicial or administrative proceeding. “Purchase Agreement”: The Purchase Agreement dated as of May 27, 2021 among the Issuer, the Co-Issuer and the Initial Purchaser, as amended from time to time. “Purchased Defaulted Obligation”: The meaning specified in Section 12.5(a). “QEF”: The meaning specified in Section 7.17(b). “QIB/QP”: Any Person that, at the time of its acquisition, purported acquisition or proposed acquisition of Notes is both a Qualified Institutional Buyer and a Qualified Purchaser. “Qualified Broker/Dealer”: Any of Bank of America, NA, The Bank of Montreal, The Bank of New York Mellon, The Royal Bank of Scotland plc, Barclays Bank plc, BNP Paribas, Broadpoint Securities Inc., Calyon, Canadian Imperial Bank of Commerce, Cantor Xxxxxxxxxx, Citadel Securities, Citibank, N.A., Credit Agricole S.A., Credit Suisse, Deutsche Bank AG, FBR Capital Markets, Gleacher & Company Securities, Inc., Xxxxxxx, Sachs & Co., HSBC Bank,