Issuer Post-Enforcement Priority of Payments definition

Issuer Post-Enforcement Priority of Payments means, in relation to the First Issuer, the Second Issuer and the Third Issuer, the First Issuer Post-Enforcement Priority of Payments, the Second Issuer Post-Enforcement Priority of Payments and the Third Issuer Post-Enforcement Priority of Payments respectively, and in relation to any New Issuer, the Current Issuer Post-Enforcement Priority of Payments as defined in the Issuer Master Definitions Schedule relating to that New Issuer;
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Issuer Post-Enforcement Priority of Payments means, in relation to: (a) the First Issuer, the Second Issuer and the Third Issuer, the First Issuer Post-Enforcement Priority of Payments, the Second Issuer Post-Enforcement Priority of Payments and the Third Issuer Post-Enforcement Priority of Payments, respectively; (b) any other Funding Issuer, the Current Issuer Post-Enforcement Priority of Payments; and (c) any Funding 2 Issuer, the Issuer Post-Enforcement Priority of Payments;
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Issuer Post-Enforcement Priority of Payments means the provisions relating to the order of priority of payments set out in the Issuer Deed of Charge.
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Examples of Issuer Post-Enforcement Priority of Payments in a sentence

  • Such remuneration and such commission (if any) shall be payable hereunder by the Current Issuer alone subject always to Clause 8.3 (Current Issuer Post-Enforcement Priority of Payments) and the amount of such remuneration shall form part of the Current Issuer Secured Obligations and shall accordingly be secured on the Current Issuer Charged Property under the security created by this Current Issuer Deed of Charge.

  • Save so far as otherwise directed by the Note Trustee, all monies from time to time received by such Receiver shall be paid over to the Note Trustee to be held by it on the trusts declared under this Current Issuer Deed of Charge and to be distributed in accordance with Clause 8.3 (Current Issuer Post-Enforcement Priority of Payments).

  • The Note Trustee shall not take into account for the purpose of the application of moneys in accordance with the Current Issuer Post-Enforcement Priority of Payments any amounts of which it has not been notified by the intended recipient on or prior to the date in question.

  • The proceeds of enforcement of the Issuer Security will be applied in accordance with the order of application of payments specified in the Issuer Post-Enforcement Priority of Payments.

  • The cash management fee referred to in Clause 9.1 (Fee Payable) shall only be payable to the Current Issuer Cash Manager on each Payment Date in the manner contemplated by, in accordance with and subject to the provisions of the Current Issuer Pre-Enforcement Revenue Priority of Payments or, as the case may be, the Current Issuer Post-Enforcement Priority of Payments.

  • After enforcement of the Issuer Security, the Bond Trustee shall (to the extent that such funds are available) use funds standing to the credit of the Issuer Accounts to make payments in accordance with the Issuer Post-Enforcement Priority of Payments (as set out in the Issuer Deed of Charge).

  • The cash management fee referred to in Clause 8.1 shall be paid to the Master Issuer Cash Manager in arrear on each Interest Payment Date in the manner contemplated by and in accordance with the provisions of the Master Issuer Pre-Enforcement Revenue Priority of Payments or, as the case may be, the Master Issuer Post-Enforcement Priority of Payments.

  • The claims of certain creditors will be settled ahead of those of the Noteholders in accordance with the Issuer Post-Enforcement Priority of Payments.

  • Details concerning the Borrower Pre- Enforcement Priority of Payments, the Borrower Post-Enforcement Priority of Payments, the Issuer Pre- Enforcement Priority of Payments and the Issuer Post-Enforcement Priority of Payments are described further in the section entitled "Resources Available to the Borrower and the Issuer".

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More Definitions of Issuer Post-Enforcement Priority of Payments

Issuer Post-Enforcement Priority of Payments means the provisions and the order of priority of payments in which all Issuer Available Revenue Receipts, Issuer Available Principal Receipts and all other monies, income, receipts and recoveries received by or on behalf of the Issuing Entity or the Issuer Security Trustee or any receiver of the Issuing Entity and the proceeds of enforcement of the Issuer Security are to be applied following an enforcement of the Issuer Security as set out in a schedule to the Issuer Deed of Charge, as the same may be amended, varied or superseded from time to time in accordance with the terms of the Issuer Deed of Charge;
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Issuer Post-Enforcement Priority of Payments means the provisions and the order of priority of payments in which all Issuer Available Revenue Receipts, Issuer Available Principal Receipts and all other monies, income, receipts and recoveries received by or on behalf of the Issuer or the Issuer Security Trustee or any receiver of the Issuer and the proceeds of enforcement of the Issuer Security are to be applied following an enforcement of the issuer Security as set out in a schedule to the Issuer Deed of Charge, as the same may be amended, varied or superseded from time to time in accordance with the terms of the Issuer Deed of Charge;
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Issuer Post-Enforcement Priority of Payments means the order in which the Issuer Post- Enforcement Available Distribution Amount in respect of each Payment Date shall be applied as set out in Note Condition 2.4 (Issuer Post-Enforcement Priority of Payments) and Schedule 4 (Issuer Post- Enforcement Priority of Payments) of the Issuer Security Trust Deed;
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Issuer Post-Enforcement Priority of Payments means, in relation to the First Issuer, the First Issuer Post-Enforcement Priority of Payments and in relation to any New Issuer, the order of priority of payments in which Issuer Available Revenue Receipts, Issuer Available Principal Receipts and all other monies and proceeds received or recovered by or on behalf of such Issuer or the Note Trustee or any Receiver will be applied following enforcement of the Issuer Security and as scheduled to the Issuer Deed of Charge (as the same may be amended or varied from time to time in accordance with the Issuer Transaction Documents) and as defined in the Issuer Master Definitions Schedule relating to that New Issuer;
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Issuer Post-Enforcement Priority of Payments means the order of priority of payments in which Issuer Available Revenue Receipts, Issuer Available Principal Receipts and all other monies, income, receipts and recoveries of the Master Issuer or the Issuer Security Trustee or any Receiver will be applied following enforcement of the Issuer Security and as set out in Schedule 2 to the Issuer Deed of Charge;
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Related to Issuer Post-Enforcement Priority of Payments

  • 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.

  • 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.

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

  • Discharge of Priority Lien Obligations means the occurrence of all of the following:

  • Additional Collateral Documents as defined in the Base Intercreditor Agreement.

  • Collateral Security Documents Any document or instrument given to secure or guaranty the Mortgage Loan, including without limitation, the Mortgage, each as amended, supplemented, assigned, extended or otherwise modified from time to time.

  • Collateral Agency and Intercreditor Agreement means that certain Collateral Agency and Intercreditor Agreement, dated as of January 31, 2008 (as amended, amended and restated, supplemented or otherwise modified from time to time in compliance with the terms of this Indenture), by and among the Company, the other guarantors from time to time party thereto, the secured debt representatives and the Collateral Agent.

  • Basic Collateral Agency Agreement means the Amended and Restated Basic Collateral Agency Agreement, dated as of March 1, 2009, among Daimler Trust, the Administrative Agent, Daimler Title Co., as collateral agent, and MBFS USA, as lender and as servicer.

  • Discharge of First Lien Obligations shall have the meaning assigned to such term in the Intercreditor Agreement.

  • Trust Enforcement Event in respect of the Securities means an Indenture Event of Default has occurred and is continuing in respect of the Debentures.

  • First Priority Obligations means, collectively, (i) the Credit Agreement Secured Obligations, (ii) each Series of Other First-Priority Obligations and (iii) any other First-Priority Hedging Obligations and First-Priority Cash Management Obligations (which shall be deemed to be part of the Series of Other First-Priority Obligations to which they relate to the extent provided in the applicable Other First-Priority Agreement).

  • Support enforcement agency means a public official or agency authorized to seek:

  • Collateral Agent Fees means the fees due to the Collateral Agent pursuant to the Collateral Agent and Collateral Custodian Fee Letter.

  • Senior Collateral Documents means the Security Agreement and the other “Collateral Documents” as defined in the Credit Agreement, the First Lien Intercreditor Agreement (upon and after the initial execution and delivery thereof by the initial parties thereto) and each of the collateral agreements, security agreements and other instruments and documents executed and delivered by the Borrower or any other Grantor for purposes of providing collateral security for any Senior Obligation.

  • Second Priority Obligations means (a) with respect to the Existing Second Priority Agreement, all “Secured Obligations” of each Loan Party as defined in the “Security Agreement” referred to in the Existing Second Priority Agreement and (b) with respect to each other Second Priority Agreement, (i) all principal of and interest (including without limitation any Post-Petition Interest) and premium (if any) on all indebtedness under such Second Priority Agreement, and (ii) all guarantee obligations, fees, expenses and other amounts payable from time to time pursuant to the applicable Second Priority Documents, in each case whether or not allowed or allowable in an Insolvency Proceeding. To the extent any payment with respect to any Second Priority Obligation (whether by or on behalf of any Loan Party, as proceeds of security, enforcement of any right of setoff or otherwise) is declared to be a fraudulent conveyance or a preference in any respect, set aside or required to be paid to a debtor in possession, any First Priority Secured Party, receiver or similar Person, then the obligation or part thereof originally intended to be satisfied shall, for the purposes of this Agreement and the rights and obligations of the First Priority Secured Parties and the Second Priority Secured Parties hereunder, be deemed to be reinstated and outstanding as if such payment had not occurred.

  • Senior Collateral Agent means Citicorp USA, Inc., in its capacity as Senior Collateral Agent under the Senior Collateral Documents, and its successors.

  • Collateral Agency Agreement means that certain Collateral Agency Agreement, dated as of the Issue Date, made by and among the Issuers, the other Grantors, the Trustee, the Collateral Agent and each other Secured Debt Representative, as amended, modified, renewed, restated or replaced, in whole or in part, from time to time, in accordance with its terms.

  • ABL Security Documents means the “Security Documents” as defined in the ABL Credit Agreement.

  • Supplemental Collateral Agent has the meaning specified in Section 7.01(c).

  • Indenture Collateral has the meaning set forth in the Granting Clause of the Indenture.

  • Series of Priority Lien Debt means, severally, the Indebtedness (including, without limitation, revolving loans and letters of credit) outstanding under the Credit Agreement and any other Credit Facility that constitutes Priority Lien Debt.

  • Discharge of Second Lien Obligations means the occurrence of all of the following:

  • Senior Priority Obligations as defined in the Base Intercreditor Agreement.

  • Second Priority Collateral Documents means the Noteholder Collateral Documents and any other agreement, document or instrument pursuant to which a Lien is now or hereafter granted securing any Second Priority Claims or under which rights or remedies with respect to such Liens are at any time governed.

  • Additional First Lien Obligations means, with respect to any Series of Additional First Lien Obligations, (a) all principal of, and interest (including, without limitation, any interest which accrues after the commencement of any Bankruptcy Case, whether or not allowed or allowable as a claim in any such proceeding) payable with respect to, such Additional First Lien Obligations, (b) all other amounts payable to the related Additional First Lien Secured Parties under the related Additional First Lien Documents and (c) any renewals of extensions of the foregoing.

  • Collateral Event of Default has the meaning set forth in Section 13.01(b).