Priority Right definition

Priority Right has the meaning given such term in Section 5.1(c)(i).
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Priority Right has the meaning set forth in Section 5A(c).
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Priority Right means a firm right for a Train Slot pursuant to the terms of a Network Rail Track Access Agreement to and from the Jarrow oil terminal as existed at the Transfer Date and which, following the Transfer Date is a firm right for a Train Slot to and from the Pelaw Junction Connection Point, (and which is identified in the Rights Table by the notation “Priority” in the column headed “Special Terms”); "Revised Base Service" has the meaning ascribed to it in Schedule 4;
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Examples of Priority Right in a sentence

  • In the event that the total number of shares of Conversion Stock offered in the Conversion is increased to an amount greater than the Range Maximum, the Tax-Qualified Employee Plans shall have a Priority Right to purchase any such shares exceeding the Range Maximum (up to the aggregate of 10% of Conversion Stock to be issued in the Conversion).

  • The Plan’s recovery will not be reduced by Your negligence, nor by attorney fees and costs You incur.B. Priority Right of ReimbursementSeparate and apart from the Plan’s right of subrogation, the Plan shall have first lien and right to reimbursement.

  • Seventh Part General rules First Chapter Priority Right Article (118)a.

  • From a practical point of view, the Priority Allocation Rights, as featured in this Priority Right Offering, are only slightly different from the preferential subscription right as provided by the Belgian Company Code.

  • This information is not shared with any other organization or individual.

  • City of El Paso, the El Paso Water Utilities Public Service Board, and Cubic Water, LLC.

  • If the Management exercises its Management Priority Right, the Investor Co-Sale Entitlements shall be determined as equal to the product of (X) the Founder Sale Shares, less such number of the Management Priority Sale Shares determined in accordance with Section 5.6(c)(ii) and (Y) the Investor Co-Sale Fraction, in each case, determined on an as-converted basis.

  • Unless the SEC restrictions described in the foregoing sentence otherwise require, any cutback imposed pursuant to this 4(k)(i)(3)(b) will be allocated among the Registrable Securities of the Holders on a pro rata basis, or in such manner as they may otherwise agree, and consistent with the order of priority set forth in Section 4(k)(i)(3)(a) (unless otherwise agreed by the Priority Right Holders).

  • Such CO2 Priority Right is subject to Gas Products at the Facilities Outlet for Gas Products continuing to meet the CO2 Content Limit.

  • If MoSOE is successful in (i) limiting former CCoW holders to WIUPKs with a maximum area of 15,000 hectares and (ii) ensuring that SOEs are able to exercise their claimed SOE Priority Right in respect of all that part of former Contract Areas in excess of 15,000 hectares, the Indonesian coal industry is likely to look very different to what it does today.


More Definitions of Priority Right

Priority Right has the meaning ascribed to such term in Section 2.2(c).
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Priority Right has the meaning set forth in Section 3.1(c).
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Priority Right means the Unionist priority right stemming from the filing of the said “Patent” in accordance with article 4 of the Convention of Union of Paris dated March 20, 1883.
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Priority Right has the meaning set forth in Section 11.2(c)(iii).
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Priority Right has the meaning given such term in SECTION 5.1(c)(i).
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Related to Priority Right

  • Priority 2 Individuals who are: Age 60 and over in need of the following medically related trips: • Need for life sustaining medical care such as dialysis, chemotherapy, radiation treatment • Multi-system failure or conditions requiring immediate medical supervision/care, e.g. diabetes, heart disease, Chronic Obstructive Pulmonary Disease (COPD) • Surgery or non-elective (immediate need) procedure

  • 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;

  • Priority Lien Cap means $10.0 million.

  • Priority habitat means a habitat type with unique or significant value to one or more species. An area classified and mapped as priority habitat must have one or more of the following attributes:

  • Priority Claims means, collectively, Priority Tax Claims and Other Priority Claims.

  • Junior Priority Obligations means the Initial Junior Priority Obligations and any Additional Obligations constituting Junior Priority Debt.

  • Priority area means the portions of the qualified incentive area

  • Priority Collateral means the ABL Priority Collateral or the Term Priority Collateral, as applicable.

  • Senior Priority Obligations as defined in the Base Intercreditor Agreement.

  • Priority 1 is defined in Appendix A, Section 3.4.

  • Priority Claim means a Claim that is entitled to priority in payment pursuant to section 507(a) of the Bankruptcy Code that is not an Administrative Claim or a Priority Tax Claim.

  • Priority Lien Documents means the Priority Credit Agreement, the Priority Lien Security Documents, the other “Loan Documents” (as defined in the Priority Credit Agreement) and all other loan documents, notes, guarantees, instruments and agreements governing or evidencing, or executed or delivered in connection with, any Priority Substitute Credit Facility.

  • Priority Lien Obligations means the Priority Lien Debt and all other Obligations in respect of Priority Lien Debt.

  • Other Priority Claims means any Claim, other than an Administrative Claim or a Priority Tax Claim, entitled to priority in right of payment under section 507(a) of the Bankruptcy Code.

  • Priority Lien means a Lien granted by a Security Document to the Collateral Trustee, at any time, upon any property of any Grantor to secure Priority Lien Obligations.

  • Priority Debt means (a) any Debt of the Company secured by a Lien created or incurred within the limitations of Section 10.4(h) or 10.4(n) and (b) any Debt of the Company’s Subsidiaries (other than Debt of a Wholly-owned Subsidiary owing to another Wholly‑owned Subsidiary).

  • Second Lien Collateral means all of the assets and property of any Grantor, whether real, personal or mixed, with respect to which a Lien is granted as security for any Second Lien Obligations.

  • Discharge of Priority Lien Obligations means the occurrence of all of the following:

  • Other Priority Claim means any Claim other than an Administrative Claim or a Priority Tax Claim entitled to priority in right of payment under section 507(a) of the Bankruptcy Code.

  • Shared Collateral means, at any time, Collateral in which the holders of Senior Obligations under at least one Senior Facility and the holders of Second Priority Debt Obligations under at least one Second Priority Debt Facility (or their Representatives) hold a security interest at such time (or, in the case of the Senior Facilities, are deemed pursuant to Article II to hold a security interest). If, at any time, any portion of the Senior Collateral under one or more Senior Facilities does not constitute Second Priority Collateral under one or more Second Priority Debt Facilities, then such portion of such Senior Collateral shall constitute Shared Collateral only with respect to the Second Priority Debt Facilities for which it constitutes Second Priority Collateral and shall not constitute Shared Collateral for any Second Priority Debt Facility which does not have a security interest in such Collateral at such time.

  • Priority Tax Claims means Claims of governmental units of the kind specified in section 507(a)(8) of the Bankruptcy Code.

  • Junior Representative means, with respect to any series of Permitted Junior Debt, the trustee, administrative agent, collateral agent, security agent or similar agent under the indenture or agreement pursuant to which such Permitted Junior Debt is issued, incurred or otherwise obtained and each of their successors in such capacities.

  • ABL Priority Collateral has the meaning set forth in the Intercreditor Agreement.

  • Junior Liens means Liens on the Collateral that are junior to the Liens thereon securing the Term B Loans (and other Loan Obligations that are pari passu with the Term B Loans) pursuant to a Permitted Junior Intercreditor Agreement (it being understood that Junior Liens are not required to be pari passu with other Junior Liens, and that Indebtedness secured by Junior Liens may have Liens that are senior in priority to, or pari passu with, or junior in priority to, other Liens constituting Junior Liens).

  • Priority Tax Claim means any Claim of a Governmental Unit of the kind specified in section 507(a)(8) of the Bankruptcy Code.

  • Discharge of Senior Lender Claims means, except to the extent otherwise provided in Section 5.7 below, payment in full in cash (except for contingent indemnities and cost and reimbursement obligations to the extent no claim has been made) of (a) all Obligations in respect of all outstanding Senior Lender Claims and, with respect to letters of credit or letter of credit guaranties outstanding thereunder, delivery of cash collateral or backstop letters of credit in respect thereof in compliance with the Credit Agreement, in each case after or concurrently with the termination of all commitments to extend credit thereunder and (b) any other Senior Lender Claims that are due and payable or otherwise accrued and owing at or prior to the time such principal and interest are paid; provided that the Discharge of Senior Lender Claims shall not be deemed to have occurred if such payments are made with the proceeds of other Senior Lender Claims that constitute an exchange or replacement for or a refinancing of such Obligations or Senior Lender Claims. In the event the Senior Lender Claims are modified and the Obligations are paid over time or otherwise modified pursuant to Section 1129 of the Bankruptcy Code, the Senior Lender Claims shall be deemed to be discharged when the final payment is made, in cash, in respect of such indebtedness and any obligations pursuant to such new indebtedness shall have been satisfied.