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.
Post-Enforcement Priority of Payments has the meaning given to it in Section 3.07 of the Security Agreement;
Post-Enforcement Priority of Payments has the meaning given to it in Clause 6.2 of the Deed of Charge; Postponed Deferred Consideration means Deferred Consideration, the payment of which is, by reason of the making of provisions as referred to in Clause 2.6(c) of the Mortgage Sale Agreement, postponed from the date on which such Deferred Consideration would, but for such provisions, have been paid; Potential Abbey Event of Default means a Potential Issuer Event of Default; Potential Issuer Event of Default has the meaning given to it in Condition 14 (Meetings of Covered Bondholders, Modification, Waiver and Substitution) of the Programme Conditions; Potential LLP Event of Default has the meaning given to it in Condition 14 (Meetings of Covered Bondholders, Modification, Waiver and Substitution) of the Programme Conditions;
Examples of Post-Enforcement Priority of Payments in a sentence
The Security Trustee shall distribute such net proceeds (after deduction of the amounts due and payable to the Participants) to the Secured Creditors (other than the Participants) in accordance with the Post-Enforcement Priority of Payments set forth in the Trust Deed.
Payments made by the Security Trustee will be made subject to, and in accordance with, the Post-Enforcement Priority of Payments.
Payments to Secured Creditors, including the Covered Bondholders, may also be delayed in respect of the Post-Enforcement Priority of Payments.
More Definitions of Post-Enforcement Priority of Payments
Post-Enforcement Priority of Payments means the priority of payments specified in Condition 7.8 (Post-Enforcement Priority of Payments);
Post-Enforcement Priority of Payments means the order in which the Post-Enforcement Available Distribution Amount in respect of each Payment Date shall be applied as set out in Note Condition 2.4 (Post-Enforcement Priority of Payments);
Post-Enforcement Priority of Payments means the provisions relating to the order of priority of payments as set out in Condition 3(e) (Post-Enforcement Priority of Payments);
Post-Enforcement Priority of Payments means the priority of payments in respect of the net proceeds of enforcement of the security over the Collateral set out in Condition 11 (b) (Enforcement).
Post-Enforcement Priority of Payments means the priority of payments [as set out in Clause [●] of the Issuer Trust Deed / set out as such in section [●] of this Base Prospectus;]
Post-Enforcement Priority of Payments means the order of priority in which the Issuer Available Funds shall be applied following the delivery of a Trigger Notice in accordance with the Conditions and the Intercreditor Agreement.
Post-Enforcement Priority of Payments means the order in which the Available Distribution Amount in respect of each Payment Date shall be applied as set out in Schedule 4 (Post-Enforcement Priority of Payments) to the Security Trust Deed;