Examples of First Priority Claimholders in a sentence
In the event of any conflict between the terms of the Intercreditor Agreement and this Agreement, the terms of the Intercreditor Agreement shall govern and control as between the First Priority Collateral Trustee, the First Priority Indenture Trustee and any other First Priority Claimholders and the Second Priority Collateral Trustee, the Second Priority Indenture Trustee and any other Second Priority Claimholders.
Unless and until the Discharge of First Priority Obligations has occurred, the First Priority Collateral Agent and the First Priority Claimholders shall have the sole and exclusive right, subject to the rights of the Grantors under the First Priority Loan Documents, to adjust settlement for any insurance policy covering the Collateral in the event of any loss thereunder and to approve any award granted in any condemnation or similar proceeding (or any deed in lieu of condemnation) affecting the Collateral.
The SHE governance policy is put into practice by the Port Authority through: a.
The Lien priorities provided or contemplated in Section 2.1 hereof shall not be altered or otherwise affected by any action or inaction which any of the First Priority Collateral Trustee or the other First Priority Claimholders or the Second Priority Collateral Trustee or the other Second Priority Claimholders may take or fail to take in respect of the Collateral.
The First Priority Collateral Agent, on behalf of itself and the First Priority Claimholders, acknowledges and agrees that each of the Second Priority Collateral Agent and the Second Priority Claimholders have made no express or implied representation or warranty, including with respect to the execution, validity, legality, completeness, collectability or enforceability of any of the Second Priority Documents, the ownership of any Collateral or the perfection or priority of any Liens thereon.
All payments received by the First Priority Collateral Trustee or any of the other First Priority Claimholders may be applied, reversed and reapplied, in whole or in part, to such part of the First Priority Obligations provided for in the First Priority Documents.
Each of the Second Priority Indenture Trustee and the Second Priority Collateral Trustee, (each on behalf of itself and the other Second Priority Claimholders) and the First Priority Indenture Trustee and the First Priority Collateral Trustee (each on behalf of itself and the other First Priority Claimholders), hereby waive any right, privilege or power it may have under applicable law to revoke this Agreement or any of the provisions of this Agreement.
All notices to the First Priority Claimholders and the Second Priority Claimholders permitted or required under this Agreement shall also be sent to the First Priority Collateral Agent and the Second Priority Collateral Agent, respectively.
The assembly of claim 1 therefore differs from that of D2 in that there is no major ring element, minor ring element, radial pin elements, as defined in the claim, nor are they said to be made from a water and lime repellent plastic material.
The Operation successfully completed the deployment of communications infrastructure and networking and voice services throughout Darfur, including the installation of voice and data services using a very small aperture terminal (VSAT) to all 28 team sites in the three sectors (10 in Sector North, 8 in Sector South and 10 in Sector West).