Priority of Application Clause Samples
Priority of Application. Other things being equal, priority shall be given to licensed staff requesting leave according to the purpose of their leave as follows: (1) study and professional improvement, (2) travel combined with study, and (3) other purposes.
Priority of Application. The Company shall Appropriate the Collateral Allocation towards the Reduction of the applicable Distribution Liabilities, based on the amount of such Collateral Allocation and such applicable Distribution Liabilities as at the relevant Distribution Value Date, in the following order of priority:
(i) first, Costs Amount;
(ii) secondly, Ascertained Non-Financial Contract Liabilities; and
(iii) thirdly, Unfunded Retention Amount.
Priority of Application. For a TA Signatory, the Company shall Appropriate the Collateral Amount towards the Reduction of the applicable Distribution Liabilities, based on the amount of such Collateral Amount and such applicable Distribution Liabilities as at the relevant Distribution Value Date following any Reduction effected in accordance with Clause 60.7.2, in the following order of priority:
(i) first, Costs Amount;
(ii) secondly, the Net Financial Liability;
(iii) thirdly, Ascertained Non-Financial Contract Liabilities; and
(iv) fourthly, Unfunded Retention Amount. For an NTA Signatory, the Company shall Appropriate the Collateral Amount towards the Reduction of the Net Financial Liability, based on the amount of such Collateral Amount and such Net Financial Liability as at the relevant Distribution Value Date following any Reduction effected in accordance with Clause 60.7.2.
Priority of Application. The Company shall Appropriate the Asset Allocation or the Retention Allocation, as the case may be, towards the Reduction of the applicable Distribution Liabilities, based on the Value of such Asset Allocation or Retention Allocation, as the case may be, and the amount of such Distribution Liabilities as at the relevant Distribution Value Date, in the following order of priority:
(i) first, Costs Amount;
(ii) secondly, if no Collateralisation Election has been made, Net Financial Liability; or, if a Collateralisation Election has been made, the Uncollateralised Net Financial Liability (unless an Appropriation Deferral Election has been made in respect of that Asset Allocation, in which case the Uncollateralised Net Financial Liability shall not be an applicable Distribution Liability);
(iii) thirdly, Ascertained Non-Financial Contract Liabilities; and
(iv) fourthly, Unfunded Retention Amount.
Priority of Application. The Company shall Appropriate any Pre-Administration Client Money Shortfall Claim towards the Reduction of the Uncollateralised Net Financial Liability and the Collateralised Net Financial Liability based on the amount of such Pre-Administration Client Money Shortfall Claim and Net Financial Liability as at the relevant Distribution Value Date.
Priority of Application. The Company shall Appropriate any Shortfall For Appropriation towards the Reduction of the Collateralised Net Financial Liability based on the Value of such Collateralised Net Financial Liability at the relevant Distribution Value Date.
Priority of Application. Subject to the provisions of Section 2.2 hereof and of the Deposit Agreement, any payments made to the Lenders shall be applied (pro rata within each of clauses (i) (A) and (i) (B) below, unless otherwise specifically required pursuant to the terms hereof) as follows:
(A) first against costs, expenses and indemnities due to such Lenders under the Loan Instruments; and
(B) then against (i) first, Debt Service due and payable in respect of the Senior Obligations; (ii) second, Debt Service due and payable in respect of the Senior Subordinated Obligations; and (iii) third, of all Debt Service in respect of the Junior Subordinated Obligations payments of accrued and unpaid interest on Loans held by such Lenders.
Priority of Application. 7 Section 3.10. Accountability for Rents........................................................................ 7 Section 3.11.
Priority of Application. Any payments made to Agent for its account or for the benefit of the Lenders shall be applied (pro rata within each of clauses below, unless otherwise specifically required pursuant to the terms hereof) as follows:
(A) first against costs, expenses and indemnities due under the Loan Instruments; (B) then against fees for Agent and the Lenders; (C) then against payments of accrued and unpaid interest on the Loans and payments with respect to any Interest Rate Hedge Agreement; (D) then against principal of the Funding Loans; and (E) then against principal of the Debt Service Loans.
Priority of Application. Married couples if both teach in the District and are eligible.