Collateral Enhancement Obligation Priority of Payments definition

Collateral Enhancement Obligation Priority of Payments means the priority of payments in respect of Collateral Enhancement Obligation Proceeds set out in Condition 3(c)(iii) (Collateral Enhancement Obligation Priority of Payments).
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Examples of Collateral Enhancement Obligation Priority of Payments in a sentence

  • Notwithstanding the above, amounts standing to the credit of the Collateral Enhancement Accounts may be distributed to the Subordinated Noteholders pursuant to the Collateral Enhancement Obligation Priority of Payments on a Payment Date on which scheduled interest on the Rated Notes, the Class Z Notes and the Subordinated Notes is not paid in full.

  • Secured Parties not specified in the Collateral Enhancement Obligation Priority of Payments will not be entitled to receive such distributions and sale proceeds.

  • Furthermore, all Collateral Enhancement Obligation Proceeds in respect of any Collateral Enhancement Obligation will be deposited into the Collateral Enhancement Account to be paid to the Subordinated Noteholders in accordance with the Collateral Enhancement Obligation Priority of Payments.

  • Any such payments may reduce the amounts otherwise available or payable to the Subordinated Noteholders under the Collateral Enhancement Obligation Priority of Payments.

  • Subordinated Noteholders should note that payments of the balance standing to the credit of the Collateral Enhancement Account may, pursuant to the Collateral Enhancement Obligation Priority of Payments, be applied in the repayment of Investment Manager Advances.

  • The fee payable to the Investment Manager on each Payment Date in accordance with the Priorities of Payments, in an amount as determined by the Collateral Administrator, equal to the amount specified at paragraph (BB) of the Interest Proceeds Priority of Payments, paragraph (F) of the Principal Proceeds Priority of Payments and paragraph (B) of the Collateral Enhancement Obligation Priority of Payments.

  • Notwithstanding the above, amounts standing to the credit of the Collateral Enhancement Accounts may be distributed to the Subordinated Noteholders pursuant to the Collateral Enhancement Obligation Priority of Payments on a Payment Date on which scheduled interest on the Rated Notes and the Subordinated Notes is not paid in full.

Related to Collateral Enhancement Obligation Priority of Payments

  • Collateral Enhancement Obligation means any warrant or equity security, excluding Exchanged Equity Securities, but including without limitation, warrants relating to Mezzanine Obligations and any equity security received upon conversion or exchange of, or exercise of an option under, or otherwise in respect of a Collateral Debt Obligation; or any warrant or equity security purchased as part of a unit with a Collateral Debt Obligation (but in all cases, excluding, for the avoidance of doubt, the Collateral Debt Obligation), in each case, the acquisition of which will not result in the imposition of any present or future, actual or contingent liabilities or obligations on the Issuer other than those which may arise at its option; provided that no Collateral Enhancement Obligation may be a Dutch Ineligible Security.

  • Guarantee Priority of Payments means the priority of payments relating to moneys received by the Cash Manager for and on behalf of the Guarantor and moneys standing to the credit of the Guarantor Accounts, to be paid on each Guarantor Payment Date in accordance with the Guarantor Agreement.

  • Collateral Debt Obligation means any debt obligation or debt security purchased by or on behalf of the Issuer from time to time (or, if the context so requires, to be purchased by or on behalf of the Issuer) each of which satisfies the Eligibility Criteria, in the case of Synthetic Securities and Non-Euro Obligations, to the extent required to do so. References to Collateral Debt Obligations shall not include Collateral Enhancement Obligations, Eligible Investments or Exchanged Equity Securities. Obligations which are to constitute Collateral Debt Obligations in respect of which the Issuer has entered into a binding commitment to purchase but which have not yet settled shall be included as Collateral Debt Obligations in the calculation of the Portfolio Profile Tests at any time as if such purchase had been completed. For the avoidance of doubt, the failure of any obligation to satisfy the Eligibility Criteria at any time after the Issuer or the Investment Manager on behalf of the Issuer has entered into a binding agreement to purchase it, shall not cause such obligation to cease to constitute a Collateral Debt Obligation.

  • Secured Cash Management Obligations means Obligations under Secured Cash Management Agreements.

  • Priority of Payments The meaning specified in Section 11.1(a).

  • Credit Agreement Obligations means the “Obligations” as defined in the Credit Agreement.

  • Swap Collateral Account means a single, segregated trust account in the name of the Indenture Trustee, which shall be designated as the “Swap Collateral Account” which shall be held in trust for the benefit of the Noteholders established pursuant to Section 4.10(e) of the Sale and Servicing Agreement.]

  • Post-Enforcement Priority of Payments means the order of priority pursuant to which the Guarantor Available Funds shall be applied on each Guarantor Payment Date, following the delivery of a Guarantor Default Notice, in accordance with the Intercreditor Agreement.

  • Liquidity Obligations “Loan Trustee”, “Non-Extended Facility”, “Note Purchase Agreement”, “Operative Agreements”, “Participation Agreement”, “Performing Equipment Note”, “Person”, “Pool Balance”, “Rating Agencies”, “Regular Distribution Date”, “Replacement Liquidity Facility”, “Responsible Officer”, “Scheduled Payment”, “Special Payment”, “Stated Interest Rate”, “Subordination Agent”, “Taxes”, “Threshold Rating”, “Transfer”, “Trust Agreement”, “Trustee”, “Underwriters”, and “Underwriting Agreement”.

  • Cash Management Obligations means obligations owed by the Company or any Subsidiary to any Lender or a Cash Management Bank in respect of (1) any overdraft and related liabilities arising from treasury, depository and cash management services or any automated clearing house transfers of funds and (2) the Company’s or any Subsidiary’s participation in commercial (or purchasing) card programs at the Lender or any Affiliate (“card obligations”).

  • Investment Obligations means and include, except as otherwise provided in the Supplemental Indenture providing for the authorization of Bonds, any of the following securities, if and to the extent that such securities are legal investments for funds of the Issuer;