Priority of Payments definition

Priority of Payments. The meaning specified in Section 11.1(a).

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Priority of Payments has the meaning set forth in Section 4.05.

Priority of Payments means each of the Pre-Issuer Event of Default Interest Priority of Payments, the Pre-Issuer Event of Default Principal Priority of Payments, the Guarantee Priority of Payments and the Post-Enforcement Priority of Payments.

Examples of Priority of Payments in a sentence

Such fees and expenses due to the Collateral Custodian shall be paid by the Borrower subject to and in accordance with the Priority of Payments.
The Borrower shall not have any legal, equitable or beneficial interest in the Interest Reserve Account other than in accordance with this Agreement and the Priority of Payments.
All prepayments of Loans pursuant to this Section 2.7(b) shall be applied in accordance with the procedures set forth in Section 2.7(e) and shall not be subject to the Priority of Payments.
The Borrower agrees to compensate the Agents for their fees as set forth herein, in the Fee Letter and in the Collateral Agent Fee Letter, as applicable, pursuant to the Priority of Payments or as otherwise provided herein.
All payments of principal from the Borrower with respect to Class A-R Loans made to such Class A-R Lender (whether or not originally funded from such Lender Collateral Subaccount) shall be made by depositing the related funds into such Lender Collateral Subaccount and all other payments from the Borrower (including without limitation all interest) shall be made to such Class A-R Lender in accordance with the order specified in the Priority of Payments.

More Definitions of Priority of Payments

Priority of Payments means the priorities set forth in Section 6.4 hereof.

Priority of Payments has the meaning set forth in Section 9.1(a); provided that, at all times after the Majority Lenders have exercised their right to direct the liquidation of the Collateral under Article VI, “Priority of Payments” shall mean the priorities set forth in Section 6.4 hereof.

Priority of Payments. The meaning given to such term in Section 3.04.

Priority of Payments means the allocation and payment obligations described in Section 5.11 of the Base Indenture as supplemented by the allocation and payment obligations with respect to each Series of Notes described in each Series Supplement.

Priority of Payments. As defined in Section 4.04 hereof.

Priority of Payments means, collectively, the payments made on each Payment Date in accordance with Section 7.05(a), Section 7.05(b) and Section 7.05(c), as applicable.

Priority of Payments means the application of Available Funds in accordance with Section 3.1.