Priority Waterfall definition

Priority Waterfall means the priority waterfall set out under the heading “Priority

Priority Waterfall the provisions of Section 3.02(a) of the Pledge Agreement.

Priority Waterfall means the provisions of Section 2.01(a) of the First Lien/First Lien Intercreditor Agreement.

Examples of Priority Waterfall in a sentence

• Silo Recovery, if any, after paying in full all Senior Claims and on a pari passu basis with other Allowed Class A3 - A8 Claims to the extent set forth in the Priority Waterfall.

• For the avoidance of doubt, the NewCo Priority Waterfall shall not limit or restrict the ability of NewCo or its Subsidiaries to pay NewCo Operating Expenses between NewCo Distribution Dates from funds reserved under Section 5.2(f)(ii)(A), generated by the business or otherwise available to NewCo and its Subsidiaries.

• Any amounts remaining in the Cash Management Account after payment of the Priority Waterfall Payments shall be deposited in the Excess Cash Flow Reserve Account and applied in accordance with Section 7.5 hereof.

• All Public Creditor Trust Distributions made by TopCo shall be made in accordance with the TopCo Priority Waterfall and on no less than ten (10) Business Days’ notice to the Master Disbursement Trust and the Private Creditor Trusts, and thereafter shall be free and clear of all claims, Liens or other recourse or encumbrances, and shall not be subject to disgorgement or recoupment by any Person.

• Interest will be payable, subject to the Payment Priority Waterfall (as defined in the Indenture), (1) entirely in cash (“Cash Interest”), (2) by increasing the outstanding principal amount of the Notes (“PIK Interest,” and any payment of PIK Interest, a “PIK Payment”), or (3) with a combination of Cash Interest and PIK Interest.

More Definitions of Priority Waterfall

Priority Waterfall means the provisions of Section 3.4 of the Collateral Trust Agreement.

Priority Waterfall means the provisions of Section 9.03.

Priority Waterfall means a schedule setting forth the priorities with respect to Senior Claims under Article III hereof that will be included in the Plan Supplement.

Priority Waterfall means the provisions of Section [ ] of the Intercreditor Agreement.

Priority Waterfall means a schedule setting forth the priorities with respect to Senior Claims under Article III hereof, subject to the Global Settlement Agreement, that will be included in the Plan Supplement.

Priority Waterfall means the provisions of Section 9.03. “Private-Side Information” means any information with respect to Holdings and its Subsidiaries that is not Public-Side Information. “Pro Forma Basis” and “Pro Forma Effect” mean, with respect to compliance with any test or covenant or calculation hereunder, the determination or calculation of such test, covenant or ratio (including in connection with Specified Transactions) in accordance with Section 1.08. “Pro Rata Share” means (a) with respect to all payments, computations and other matters relating to the Term Loan of a given Class of any Lender at any time a fraction (expressed as a percentage, carried out to the ninth decimal place), the numerator of which is the amount of the Term Loan Exposure of such Class of such Lender at such time and the denominator of which is the aggregate Term Loan Exposure of such Class of all Lenders at such time; (b)

Priority Waterfall shall have the meaning specified in the DIP Order.