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 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:
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:
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. 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. 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:
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:
Priority of Application. 7 Section 3.10. Accountability for Rents........................................................................ 7 Section 3.11.
Priority of Application. All rents collected by Mortgagee may be applied to the items in Section 3.08, above listed, in any manner that Mortgagee deems advisable and without regard to the aforestated priorities. Receipt by Mortgagee of such rents, issues, and profits shall not constitute a waiver of any right or remedy that Mortgagee may enjoy under this Mortgage or under the laws of the state in which the Premises are located, nor shall the receipt and application thereof cure any Default hereunder nor affect any foreclosure proceeding or any sale authorized by this Mortgage and the laws of the state in which the Premises are located.
Priority of Application. Borrower shall cause all Gross Operating Income to be applied on a monthly basis for the following purposes and in the following order of priority:
