Issuer Pre-Enforcement Priority of Payments definition

Issuer Pre-Enforcement Priority of Payments means, in relation to the First Issuer, the Second Issuer and the Third Issuer, the First Issuer Pre-Enforcement Priority of Payments, the Second Issuer Pre-Enforcement Priority of Payments and the Third Issuer Pre-Enforcement Priority of Payments respectively, and in relation to any New Issuer, the Current Issuer Pre-Enforcement Priority of Payments as defined in the Issuer Master Definitions Schedule relating to that New Issuer;
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Issuer Pre-Enforcement Priority of Payments means the provisions relating to the order of priority of payments from the Issuer Accounts set out in Schedule 1 of the Issuer Cash Management Agreement.
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Issuer Pre-Enforcement Priority of Payments means, in relation to: (a) the First Issuer, the Second Issuer and the Third Issuer, the First Issuer Pre-Enforcement Priority of Payments, the Second Issuer Pre-Enforcement Priority of Payments and the Third Issuer Pre-Enforcement Priority of
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Examples of Issuer Pre-Enforcement Priority of Payments in a sentence

  • Any and all amounts due and payable to the Swap Counterparty under the Swap Agreement, other than any termination payment due to the Swap Counterparty when the Swap Counterpartyis the Defaulting Party or the Sole Affected Party (each such term as defined in the Swap Agreement), will rank senior to amounts due on the Series A Notes in the Issuer Pre-Enforcement Priority of Payments and Issuer Post-Enforcement Priority of Payments.

  • In addition, certain classes of Notes will rank in priority to other classes of Notes (see "— Issuer Pre-Enforcement Priority of Payments", page 183, below).

  • Each of the Eighth Issuer Secured Creditors hereby agree to be bound by the order of priority set out in the Eighth Issuer Pre-Enforcement Priority of Payments or the Eighth Issuer Post-Enforcement Priority of Payments (as applicable).

  • Amounts received from the relevant Dollar Currency Swap Provider will be applied to pay amounts due to the holders of the Series 1 Class A Ninth Issuer Notes in accordance with the Ninth Issuer Pre-Enforcement Priority of Payments or, as the case may be, the Ninth Issuer Post-Enforcement Priority of Payments.

  • Prior to notice of enforcement of the Issuer Security, the Issuer Cash Manager will on behalf of the Issuer on each Note Payment Date, transfer or procure the transfer and application of all amounts standing to the credit of the Issuer USD Transaction Account in the order of priority specified in the Issuer Pre-Enforcement Priority of Payments.

  • If any amount payable by the Issuer in accordance with the Issuer Pre-Enforcement Priority of Payments is denominated in a currency other than Euro, the Transaction Account Bank shall convert funds in the Issuer Transaction Account into the relevant currency using the Spot Rate as at the date immediately preceding the date of such calculation.

  • Amounts received from the relevant Dollar Currency Swap Provider will be applied to pay amounts due to the holders of the relevant classes of Series 1 Ninth Issuer Notes in accordance with the Ninth Issuer Pre-Enforcement Priority of Payments or, as the case may be, the Ninth Issuer Post-Enforcement Priority of Payments.

  • Prior to the service of an Issuer Security Enforcement Notice, payments of principal and interest on the Class D Notes are subordinated to, inter alia, payments of principal and interest on the Class A Notes, the Class B Notes and the Class C Notes as provided herein and are paid in accordance with the Issuer Pre-Enforcement Priority of Payments.

  • CHAPTER 2: THE CONSOLIDATION OF THE SME COMMUNITY IN RUSSIA 1996-2010 Introduction: SMEs and the Push for Inspection Reform A key issue at the forefront of the SME community’s formal agenda since the late 1990s in Russia has been inspection reform.

  • The first Note Interest Payment Date will be 20 January 2005.Prior to the enforcement of the Issuer Security, the Noteholders will be entitled to receive a payment of interest only in so far as sufficient funds are available to make payments in accordance with the Issuer Pre-Enforcement Priority of Payments (as described in ‘‘Credit Structure — 10.


More Definitions of Issuer Pre-Enforcement Priority of Payments

Issuer Pre-Enforcement Priority of Payments means the provisions relating to the order of priority of payments set out in Schedule 2 (Issuer Pre-Enforcement Priority of Payments) to the Issuer Cash Administration and Account Bank Agreement.
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Issuer Pre-Enforcement Priority of Payments means the order in which the Issuer Pre- Enforcement Available Distribution Amount in respect of each Payment Date shall be applied as set out in Note Condition 2.3 (Issuer Pre-Enforcement Priority of Payments) and Schedule 3 (Issuer Pre- Enforcement Priority of Payments) of the Issuer Security Trust Deed;
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Issuer Pre-Enforcement Priority of Payments means, in relation to the First Issuer, the First
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Issuer Pre-Enforcement Priority of Payments means, as applicable, any of the Issuer Pre-Enforcement Revenue Priority of Payments or the Issuer Pre-Enforcement Principal Priority of Payments;
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Related to Issuer Pre-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:

  • 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.

  • 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).

  • 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.

  • 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.

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

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

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

  • 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.

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

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

  • 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.

  • ABL Priority Collateral has the meaning set forth in the Intercreditor Agreement.

  • Issuer Secured Parties means the Trustee in respect of the Trustee Issuer Secured Obligations.

  • Junior Priority Obligations means the Original Second Lien Obligations and any Additional Obligations constituting Junior Priority Debt.

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

  • Second Priority Documents means each Second Priority Agreement, each Second Priority Security Document and each Second Priority Guarantee.

  • Equal Priority Intercreditor Agreement means the Equal Priority Intercreditor Agreement substantially in the form of Exhibit G-1 among (x) the Collateral Agent and (y) one or more representatives of the holders of one or more classes of Permitted Additional Debt and/or Permitted Equal Priority Refinancing Debt, with any immaterial changes and material changes thereto in light of the prevailing market conditions, which material changes shall be posted to the Lenders not less than five Business Days before execution thereof and, if the Required Lenders shall not have objected to such changes within five Business Days after posting, then the Required Lenders shall be deemed to have agreed that the Administrative Agent’s and/or Collateral Agent’s entry into such intercreditor agreement (with such changes) is reasonable and to have consented to such intercreditor agreement (with such changes) and to the Administrative Agent’s and/or Collateral Agent’s execution thereof.

  • Credit Agreement Collateral Documents means the Security Agreement, the other Collateral Documents (as defined in the Credit Agreement) and each other agreement entered into in favor of the Credit Agreement Collateral Agent for the purpose of securing any Credit Agreement Obligations.

  • ABL Secured Parties means “Secured Parties” as defined in the ABL Credit Agreement.

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

  • Credit Agreement Secured Parties means the “Secured Parties” as defined in the Credit 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.