Priority of Payments definition

Priority of Payments has the meaning specified in Section 9.01(a).

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

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

• The Borrower shall prepay the Advances on each Payment Date in the manner and to the extent provided in the Priority of Payments, including as applicable and without limitation, the outstanding Mandatory Amortization Amount, if any, applicable to each applicable Payment Date.

• Amounts owing to the Document Custodian hereunder shall be payable in accordance with the Priority of Payments.

• As compensation for its administrative and management activities hereunder, the Collateral Manager or its designee shall be entitled to receive the Collateral Management Fee pursuant to the Priority of Payments; provided that, so long as the Collateral Manager or its Affiliates are receiving a management fee from the Equityholder pursuant to its management and advisory agreements, the Collateral Manager shall waive its receipt of the Collateral Management Fee pursuant to the Priority of Payments.

• If and to the extent that there are insufficient funds to pay any Collateral Management Fee in full on any Payment Date or if any Collateral Management Fee has accrued but is not yet due and payable, the amount due or accrued and unpaid will be deferred and will be payable on such later Payment Date on which funds are available in accordance with the Priority of Payments.

• The Borrower shall instruct in writing (or cause the Collateral Manager to instruct in writing) the Collateral Agent to apply all Interest Proceeds and Principal Proceeds solely in accordance with the Priority of Payments and the other provisions of this Agreement.

More Definitions of Priority of Payments

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

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

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

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 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. As defined in Section 4.04 hereof.

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