Priority Deed definition

Priority Deed means the priority deed dated on or about the date hereof between, among others, the Finance Parties and certain members of the Group as intercompany debtors and creditors.
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Priority Deed means that certain Priority Deed dated 19 May 2015 between Prime Holdings-T (US), LLC, (in its capacity as holder of the Class 1 PECs, the "Original Class 1 Holder"); CSI Europe S.À X.X., (in its capacity as holder of the Class 2 PECs, the "Original Class 2 Holder" and in its capacity as holder of Common Shares, the "CS Shareholder"); Prime Holdings-T (US), LLC, (in its capacity as holder of the Class 3 PECs, the "Original Class 3 Holder" and together with the Class 1 Holder and the Class 2 Holder, the "Original Holders"); Prime Holdings-T (US), LLC, (in its capacity as holder of Common Shares, the "NS Shareholder" and together with the CS Shareholder, the "Original Shareholders" and each an "Original Shareholder"); and Prime Holdco A-T S.À X.X., as such Priority Deed is in effect on the Closing Date.
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Priority Deed means the priority agreement dated on or about the date hereof between, among others, the Lender, the Borrower, Deutsche Bank AG London, Merrill Lynch International and the other lenders under the Sxxxxx Xaxxxxxy Agreement.
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Examples of Priority Deed in a sentence

  • Subject to the Senior Subordination Agreement and the Priority Deed, this Deed may be enforced without the Junior Lender first having recourse to any other security or rights or taking any other steps or proceedings against the Borrower or any other person or may be enforced for any balance due after resorting to any one or more other means of obtaining payment or discharge of the monies obligations and liabilities hereby secured.

  • Pending such application the Security Agent will hold such payment on trust for the beneficiaries entitled thereto (according to the ranking of entitlements set out in Clause 11 (Proceeds of Enforcement) of the First Priority Deed).

  • Subject to the Senior Subordination Agreement and the Priority Deed, the Borrower will do or permit to be done everything which the Junior Lender may from time to time require to be done for the purpose of enforcing the Junior Lender's rights hereunder and will allow the name of the Borrower to be used as and when required by the Junior Lender for that purpose.

  • Subject to the provisions of this Section 1.10B, the name of any Stockholder Nominee included in the Corporation’s proxy statement for an annual meeting of stockholders shall also be set forth on the form of proxy distributed by the Corporation in connection with such annual meeting.

  • In such case, Beneficiary or Trustee may commence a civil action to foreclose this Second Priority Deed of Trust, or it may proceed and sell the Trust Property to satisfy any Second Priority Debt Obligation.

  • A Hedging Bank may rely on this Clause but may not make demand on any Guarantor under this Clause unless permitted to do so by the Priority Deed.

  • The Borrower may, if permitted by the Priority Deed, prepay the whole or any part of any Advance borrowed by it (together with interest accrued thereon, an amount equal to any premium due on the Securities and any other amounts due or owing to the Lender at such time) at any time provided an equivalent amount is prepaid in respect of the Bridge Facilities or the Securities, as the case may be, within five Business Days of such prepayment.

  • The lien of this Second Priority Deed of Trust is intended by the Grantor and the Trustee or Beneficiary to be junior and subordinate to the Lien of the Senior Deed of Trust.

  • Save for any security granted to BoS and which is subject to the Priority Deed, New Group HoldCo, Elder Care Co, PJ, Consensus and Glentworth shall procure that no interest is charged, transferred, assigned or disposed of in connection with any of the assets contained in the Consensus Packages or which are otherwise subject to the Collateral Security.

  • Grantor acknowledges that this Second Priority Deed of Trust is one of a number of Other Deeds of Trust that secure the Second Priority Debt Obligations.


More Definitions of Priority Deed

Priority Deed means a deed of priority dated on or about the date hereof between, inter alia, the Issuer, the Trustee, GP Financière New Sub 1 S.C.S. and Lumina Parent S.A.R.L as it may be amended and restated from time to time.
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Priority Deed means the priority deed, dated November 24, 2004 among (among others) the Parent Guarantor, the Trustee and the holders of Subordinated Preference Certificates.
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Priority Deed means the deed of payment priority dated 29 October 2004 between the Company and the trustees of the Deep Yellow Creditors Trust.
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Priority Deed means the priority deed, dated the Issuer Date, among the Trustee, Lumina Parent, Lumina Participation, the Issuer, FIMAF, NewSub 1, Lumina Holdings (Gibraltar) and others pursuant to which the parties thereto agree, among other things, to subordinate the Subordinated Shareholder PIK Loan to the Notes as amended from time to time in accordance with this Indenture.
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Priority Deed means the priority deed in the agreed form to be entered into between BoS, GA REIT, PropCo, Elder Care Co, Consensus and Glentworth in connection with SPA Completion;
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Priority Deed means a deed of priority, to be entered into on or around the Effective Date, between the Issuer, the Guarantor and the Security Trustee, in relation to the priority of Security granted by the Issuer and Guarantor under and in connection with (i) the Finance Documents, and (ii) a debenture deed, dated 6 November 2019, between the same parties. Proceeds means all receipts and/or recoveries by the Agent pursuant to any Enforcement Action taken in respect of any Finance Document after deducting (to the extent not already deducted) all sums which the Agent is required by the terms of the Finance Documents or by applicable law to pay to any other person before distributing any such receipts or recoveries to any of the Beneficiaries. Property means the freehold property known as Lyme Grove Labour Club, Lyme Grove, Liverpool L36 8BR, comprised of:
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Related to Priority Deed

  • Junior Lien Intercreditor Agreement means an intercreditor agreement in form and substance reasonably satisfactory to the Administrative Agent between the Administrative Agent and one or more collateral agents or representatives for the holders of Indebtedness that is secured by a Lien on the Collateral ranking junior to the Liens of the Loan Documents.

  • Equal Priority Intercreditor Agreement means the Equal Priority Intercreditor Agreement substantially in the form of Exhibit G-1 among (x) the Collateral Agent and (y) one or more representatives of the holders of one or more classes of Permitted Additional Debt and/or Permitted Equal Priority Refinancing Debt, with any immaterial changes and material changes thereto in light of the prevailing market conditions, which material changes shall be posted to the Lenders not less than five Business Days before execution thereof and, if the Required Lenders shall not have objected to such changes within five Business Days after posting, then the Required Lenders shall be deemed to have agreed that the Administrative Agent’s and/or Collateral Agent’s entry into such intercreditor agreement (with such changes) is reasonable and to have consented to such intercreditor agreement (with such changes) and to the Administrative Agent’s and/or Collateral Agent’s execution thereof.

  • First Lien/Second Lien Intercreditor Agreement means an intercreditor agreement substantially in the form of Exhibit H hereto, or such other customary form reasonably acceptable to the Administrative Agent and the Borrower, in each case, as such document may be amended, restated, supplemented or otherwise modified from time to time.

  • First Lien Intercreditor Agreement means a “pari passu” intercreditor agreement substantially in the form attached hereto as Exhibit G (as the same may be modified in a manner satisfactory to the Administrative Agent). Upon the request of the Borrower, the Administrative Agent and Collateral Agent will execute and deliver a First Lien Intercreditor Agreement with the Loan Parties and one or more Debt Representatives for Indebtedness permitted hereunder that is permitted to be secured on a pari passu basis with the Term Loans.

  • ABL Intercreditor Agreement means that certain ABL Intercreditor Agreement, dated as of the Closing Date, as amended, supplemented, restated, amended and restated, extended or otherwise modified from time to time in accordance with the terms thereof, by and among the Administrative Agent, the First Lien Notes Agent, the ABL Agent and the other parties thereto from time to time, substantially in the form of Exhibit K.

  • priority date means the date of the earlier application that serves as the basis for the right of priority provided for in the Paris Convention;

  • Acceptable Intercreditor Agreement means a customary intercreditor agreement in form and substance reasonably satisfactory to the Administrative Agent and the Borrower.

  • Intercreditor Agreement means the Intercreditor Agreement dated as of the Issue Date (and as may be amended, restated, amended and restated, supplemented or otherwise modified from time to time), between, among others, the Company, the Guarantors, the Trustee, the Collateral Agent, and each additional authorized representative and collateral agent from time to time party thereto.

  • Senior Priority Obligations means the Original First Lien Obligations and any Additional Obligations constituting Senior Priority Debt.