Priority Agreement. (a) (i) Any party to the Priority Agreement (other than a Finance Party) does not comply with the terms of the Priority Agreement in any respect which is materially prejudicial to the Lenders’ interests under the Finance Documents; or
Priority Agreement. The Bank’s Security will rank first in priority as a continuing security without limit. The Lender’s Security will rank second in priority as a continuing security without limit.
Priority Agreement. The Chargeholder, being the holder of the Bank Charges, by signing the Form C General Instrument attached hereto as Part I, in consideration of the payment of Ten Dollars ($10.00) and other good and valuable consideration (the receipt and sufficiency of which is hereby acknowledged and agreed to by the Chargeholder) hereby consents to the granting of this Agreement including the Housing Agreement and Section 219 Covenant, and subject to section 9.20 above, hereby covenants that this Agreement shall bind the Chargeholder with respect to the Lands and shall rank in priority upon the Lands over the Bank Charges as if the Agreement had been registered prior to the Bank Charges and prior to the advance of any monies pursuant to the Bank Charges. The grant of priority is irrevocable, unqualified and without reservation or limitation.
Priority Agreement. 26. The Owner must, at the expense of the Owner, do or cause to be done all actions reasonably necessary to grant priority to this agreement over all financial charges and encumbrances which may have been registered against the title to the Land save and except those specifically approved in writing by the Municipality or that are in favour of the Municipality. Execution
Priority Agreement. 2.1 The Bank’s Priority is £ [and the Lender’s Priority is £ ] (or any other Priority amount as agreed in writing between the Bank and the Lender) and, in addition, interest on that amount and expenses as secured by the Bank’s or the Lender’s Security.
Priority Agreement. This Indenture is entered into with the benefit of, and subject to the terms of, the Priority Agreement and each Holder, by accepting a Note, shall be deemed to have agreed to, and accepted the terms and conditions of, the Priority Agreement. The rights and benefits of the Holders and the Trustee (on its own behalf and on behalf of the Holders) are subject to the terms of the Priority Agreement (including, without limitation, Clause 6 (Turnover) thereof). The Senior Creditors and the Hedging Banks (each as defined in the Priority Agreement), acting through their agents or trustees, are granted (or have as a matter of law) third party beneficiary rights in respect of this Section 12.06.
Priority Agreement. The Security Agent's Priority is £___ (or any other Priority amount as agreed in writing between any Secured Party or the Security Agent and the Lender) and, in addition, interest on that amount and expenses as secured by the Security Agent's or the Lender’s Security. The Security Agent's Security will rank first in priority as a continuing security up to the Security Agent's Priority. The Lender’s Security will rank second in priority as a continuing security without limit. [If either the Security Agent or the Lender holds an effective fixed charge and the other a floating charge over the same asset or class of assets then the fixed charge will rank in priority to the floating charge without limit.] The Security Agent and the Lender will hold on trust any net receipts from the enforcement of their Security or from an administrator or liquidator of the Owner in respect of their Security to give effect to the priorities under this deed. The priorities above will not be affected by:
Priority Agreement. The Other First-Priority Documents at any time hereunder shall be deemed to be the “Other First-Priority Documents” (or any other equivalent term) as defined in the ABL Intercreditor Agreement (or the Equivalent Provision thereof) or as defined in any junior lien intercreditor agreement.
Priority Agreement. If the Secured Party asks, the Grantor agrees to obtain an agreement acceptable to the Secured Party regulating priority between this security interest and any other Encumbrance over the Collateral.
Priority Agreement. The Security Agent’s Priority is £___ (or any other Priority amount as agreed in writing between any Secured party or the Security Agent and the Lender) and, in addition, interest on that amount and expenses as secured by the Security Agent’s Security. The Security Agent’s Security will rank first in priority as a continuing security up to the Security Agent’s Priority. The Lender’s Security will rank second in priority as a continuing security without limit.
