Inverse Order of Seniority definition

Inverse Order of Seniority means, with respect to the Notes of any Series, the order of priority beginning with the most junior outstanding Class of Notes progressing to each next most senior outstanding Class of Notes.InterestInterest RatesUnless otherwise specified in the Applicable Supplement, the interest on any Class of Notes bearing a floating interest rate ("Floating Rate Notes") will be based on LIBOR. Each Class of Floating Rate Notes will bear interest on its Principal Balance at a per annum floating rate (each, a "Floating Rate") equal to the sum of LIBOR for the relevant period plus the applicable margin specified in the Applicable Supplement (the "Margin"). Unless otherwise specified in the Applicable Supplement, the calculation of each such Floating Rate will be made in accordance with the procedures described below.Unless otherwise specified in the Applicable Supplement, each Class of Notes with a fixed interest rate (the "Fixed Rate Notes") will bear interest on its Principal Balance at a per annum fixed rate (each, a "Fixed Rate" and, together with the Floating Rate, each, an "Interest Rate") specified in the Applicable Supplement.Interest PaymentsInterest shall accrue during each Interest Accrual Period on each Class of Notes and will be payable in arrears on each Interest Payment Date specified for such Class of Notes in the Applicable Supplement (each, an "Interest Payment Date").Any interest accrued but unpaid on any Interest Payment Date shall, to the fullest extent permitted by applicable law, accrue interest from and including such Interest Payment Date to but excluding the succeeding Interest Payment Date at the Interest Rate applicable to each Class of Notes on such day.With respect to each Interest Payment Date for any Global Note, interest payments in respect of such Note will be made to the Holders of record as of the close of business on the 12th Business Day immediately preceding such Interest Payment Date (a "Global Note Record Date"). With respect to each Interest Payment Date for any Definitive Note, interest payments in respect of such Note will be made to the Holders of record as of the close of business on the 15th Business Day immediately preceding such Interest Payment Date (a "Definitive Note Record Date"). As used herein, "Record Date" means a Global Note Record Date or a Definitive Note Record Date, as applicable.As used herein, "Principal Payment Date" means the Initial Principal Payment Date or the Final Principal Payment Date, as applicab...
Sample 1
Inverse Order of Seniority means, with respect to the Notes, the order of priority beginning with the most junior outstanding Class of Notes progressing to each next most senior outstanding Class of Notes.
Sample 1
Inverse Order of Seniority means, in relation to the application of any amount in reduction or in deferral of the Outstanding Principal Amount of any Class, that such amount shall be applied as follows:
Sample 1

Related to Inverse Order of Seniority

  • Job-order-contracting means a project delivery method in which:

  • Diagnostic clinical procedures manual means a collection of written procedures that describes each method (and other instructions and precautions) by which the licensee performs diagnostic clinical procedures; where each diagnostic clinical procedure has been approved by the authorized user and includes the radiopharmaceutical, dosage, and route of administration.

  • Diagnosis of autism spectrum disorders means assessments, evaluations, or tests, including the autism diagnostic observation schedule, performed by a licensed physician or a licensed psychologist to diagnose whether an individual has 1 of the autism spectrum disorders.

  • Diagnosis of autism spectrum disorder means medically necessary assessments, evaluations, or tests

  • Clinical categories means the groups into which hospital treatments are categorised by type, e.g., brain and nervous system, kidney and bladder, and digestive system. At the time of writing there were 38 categories in the Medicare clinical categories system.

  • Claims Procedure Order means the Order under the CCAA establishing a claims procedure in respect of the Applicant, as same may be further amended, restated or varied from time to time.

  • Mail order pharmacy means a pharmacy licensed by this

  • Definition. Contracting officer s representative" means an individual designated in accordance with subsection 201.602-2 of the Defense Federal Acquisition Regulation Supplement and authorized in writing by the contracting officer to perform specific technical or administrative functions.

  • Clinical nurse specialist means a registered nurse with relevant post-basic qualifications and 12 months’ experience working in the clinical area of his/her specified post-basic qualification, or a minimum of four years’ post-basic registration experience, including three years’ experience in the relevant specialist field and who satisfies the local criteria.

  • Professional Fee Order means the order entered by the Bankruptcy Court on July 16, 2001, authorizing the interim payment of Professional Claims, as may be amended from time to time prior to the entry on the docket of the Confirmation Order.

  • monopoly supplier of a service means any person, public or private, which in the relevant market of the territory of a Party is authorised or established formally or in effect by that Party as the sole supplier of that service;

  • Routine patient care costs means Covered Medical Expenses which are typically provided absent a clinical trial and not otherwise excluded under the Policy. Routine patient care costs do not include:

  • Technical Specifications means the detailed requirements for the Work furnished by the Architect and set forth in Book 3 of the Contract Documents.

  • Protocol means, in respect of any category of object and associated rights to which this Convention applies, the Protocol in respect of that category of object and associated rights;

  • Purchase Order (PO) means a written offer made by a purchaser to a supplier formally stating the terms and conditions of a proposed transaction.

  • Good order means that your purchase request includes:

  • Field Order means a written order issued by an authorized County official/employee to the Contractor during construction effecting a change in the Work by authorizing an addition, deletion, or revision in the Work within the general scope of the Work not involving an adjustment in the Contract Price or a change to the Contract Time or Term. No Field Order shall be valid or effective unless it is signed by the County employee(s) who has been authorized in writing by the Chief Executive Officer or his/her designee to execute Field Orders.

  • Medical order means a lawful order of a practitioner which may include a

  • Supply Order means an order for supply of stores and includes an order for performance of service;

  • Licensed clinical social worker means an individual who meets the licensed clinical social worker requirements established in KRS 335.100.

  • Template Order Form means the template form in Annex 1 to Framework Schedule 4 (Template Order Form and Template Call Off terms);

  • Expedited Dispute Timetable means the accelerated timetable for the resolution of disputes as set out in paragraph 2.6;

  • Medical cannabis card means the same as that term is defined in Section 26-61a-102.

  • Direction-indicator lamp means the lamp used to indicate to other road-users that the driver intends to change direction to the right or to the left;

  • Complaints Procedure means the School's procedure for handling complaints from parents, as amended from time to time for legal or other substantive reasons, or in order to assist the proper administration of the School. It does not form part of the contract between you and the School. A copy of the most up-to-date procedure is on the School's website and is otherwise available from the School at any time upon request;

  • Medical cannabis means the same as that term is defined in Section 26-61a-102.