Primary Basis means the nature of a right granted to the holder of a Radio Spectrum Licence, pursuant to which the licensee is the only Person authorized to use the specified frequency bands who is also entitled to protection from: (1) Harmful Interference caused by any other licensee who may be authorized to use the same spectrum on a Secondary Basis; and (2) claims of Harmful Interference by any such licensee;
Primary Basis means that the Realisation Amount shall be applied (following payment of all amounts due to the Trustee under or pursuant to the Trust Deed as aforesaid) first, pro rata and on a pari passu basis in meeting the claims of the Noteholders, the Receiptholders and the Couponholders under the Notes, the Receipts and the Coupons (if applicable, applied in accordance with the relevant ranking of each Class within a Series) and thereafter in meeting the claims of each Swap Counterparty (if any) under each Swap Agreement pro rata and on a pari passu basis;
Primary Basis means that the Realisation Amount (or such part thereof) shall be applied (following payment of (1) all amounts due to the Trustee under or pursuant to the Trust Deed, including any costs, expenses and taxes incurred in respect of the relevant Series in connection with enforcement or realisation in accordance with the Trust Deed or any Charging Document, and (2) all amounts due to the Principal Paying Agent, the Custodian, any Paying Agent and the Redemption Agent (pari passu and pro rata among them) under or pursuant to the Agency Agreement) first, pro rata and on a pari passu basis in meeting the claims of the Noteholders, the Receiptholders and the Couponholders under the Notes, the Receipts and the Coupons then outstanding (if applicable, applied in accordance with the relevant ranking of each Class within a Series) and thereafter in meeting the claims of the Swap Counterparty (if any) under the Swap Agreement;
Examples of Primary Basis in a sentence
Coverage shall include Garage Liability and Garage Keepers on a Direct Primary Basis, including Auto Physical Damage, with limits of not less than $1,000,000 for each Garage Keepers and Garage Liability, including Bodily Injury and Property Damage combined liability and Actual Cash Value auto physical damage.
More Definitions of Primary Basis
Primary Basis means the nature of a right granted to the holder of a Radio SpectrumLicense, pursuantto which the Licensee is the only Person authorized to use the specified frequencies on a Primary Basis, and that is also entitled to protection from:
Primary Basis means a primary service has priority over all other users of the spectrum band and is entitled to protection from harmful interference by other services;