Examples of Issuer Priority of Payments in a sentence
The Issuer hereby agrees to apply any amounts received by way of prepayment pursuant to Clauses 9.1 and 9.2 to redeem, in full or in part, the relevant Notes subject to and in accordance with the applicable Issuer Priority of Payments.
Subject to sub-clause 6.5 and sub-clause 14.1(b) of this Agreement and the Issuer Priority of Payments, the Account Bank acknowledges that it will have no recourse against any funds standing to the credit of the Accounts or against any other account or any party other than the Issuer in respect of its fees or expenses.
The New Issuer Secured Creditor hereby authorises the Issuer Security Trustee to enter into any Accession Deed in (or substantially in) the form set out in Schedule 1 to the Issuer Deed of Charge on its behalf unless such Accession Deed provides for any consequential changes to the Issuer Priority of Payments (in which case the New Issuer Secured Creditor shall be party to such Accession Deed).
All amounts payable pursuant to this Clause 12 shall, subject to the Issuer Priority of Payments, be payable by the Issuer within thirty days of written demand therefor.