Principal Priority of Payments means the priority of payments in respect of Principal Proceeds set out in Condition 3(c)(ii) (Principal Priority of Payments).
Principal Priority of Payments is defined in Section 7(b).
Principal Priority of Payments has the meaning given to it in the Deed of Charge;
Examples of Principal Priority of Payments in a sentence
On the Special Redemption Date, the Special Redemption Amount will be applied in accordance with the Principal Priority of Payments.
For further details of the Pre-Acceleration Principal Priority of Payments, see " Cashflows" below.
Subject to the applicability of the Acceleration Priority of Payments, the Subordinated Notes will be entitled to receive, out of Principal Proceeds, the amounts described under the Principal Priority of Payments on a pari passu basis.
Payments will be made from the Transaction Account on each Monthly Payment Date in accordance with the Monthly Interest Priority of Payments and on each Quarterly Payment Date in accordance with the Quarterly Interest Priority of Payments and the Principal Priority of Payments or during any Monthly Interest Period in accordance with Section 5.9.1.
The Cash Manager shall pay or provide for amounts due under the Pre-Acceleration Revenue Priority of Payments before paying amounts due under the Pre-Acceleration Principal Priority of Payments.
More Definitions of Principal Priority of Payments
Principal Priority of Payments has the meaning given to it in Clause 15.5 of the LLP Deed; Pre-Acceleration Priority of Payments means the Pre-Acceleration Revenue Priority of Payments and the Pre-Acceleration Principal Priority of Payments;
Principal Priority of Payments means the Priority of Payments under Condition 6.1.2 (Priority of Payments - Pre-Trigger Notice Priority of Payments - Principal Priority of Payments).
Principal Priority of Payments has the meaning specified in Section 4.03(h).
Principal Priority of Payments means the provisions relating to the order of priority of payments in respect of application of Principal Collections in respect of Senior Debt and Junior Debt following the delivery of a Loan Enforcement Notice but prior to the delivery of a Loan Acceleration Notice or in respect of an application of Available Surplus Revenue Collections following the passing of a Post- Enforcement Surplus Revenue Prepayment Resolution, as set out in Schedule 2, Part B to the STID.
Principal Priority of Payments means the Principal Priority of Payments prior to a Trigger Event or the Principal Priority of Payments after a Trigger Event, as applicable.
Principal Priority of Payments is def ined in Section 7(b). 43 “Principal Proceeds” means, with respect to any Payment Date, without duplication: (a) all Principal Payments received during the related Due Period on the Pledged Obligations; (b) any amounts, distributions or proceeds (including resulting f rom any sale) received in cash on any Defaulted Obligations (other than proceeds that constitute Interest Proceeds under subclause (b) or (e) of the definition thereof) during the related Due Period to the extent the outstanding principal amount thereof then at the time such obligation became a Defaulted Obligation has not been received by a Borrower Entity after giving effect to the receipt of such amounts, distributions or proceeds, as the case may be; (c) all premiums (including prepayment premiums) received during the related Due Period on the Collateral Obligations; (d) any Principal Proceeds and unused proceeds designated for application as Principal Proceeds as expressly provided for herein; (e) Sale Proceeds received during the related Due Period; (f ) any accrued interest purchased after the Closing Date with Principal Proceeds that is received af ter the f irst Payment Date; (g) all other payments received during the related Due Period on the Collateral not included in Interest Proceeds; (h) all Designated Principal Proceeds; and (i) all proceeds of any Loan not immediately applied to one of the purposes described in Section 2.3(a), (b) or (d). “Priority of Payments” is def ined in Section 7. “Private Asset” means a Collateral Obligation designated as such pursuant to Section 8.2(a). “Pro Rata Share” means, with respect to all payments, computations and other matters relating to (x) the Loans (Term Loan) of any Lender at any time, the percentage obtained by dividing (a) the outstanding principal amount of the Loans (Term Loan) by (b) the aggregate outstanding principal amount of the Loans (Term Loan) and (y) the Loans (Revolver) of any Lender at any time, the percentage obtained by dividing (a) the outstanding principal amount of the Loans (Revolver) plus the aggregate unused Commitments (Revolver) of that Lender at such time by (b) the aggregate outstanding principal amount of the Loans (Revolver) plus the aggregate unused Commitments (Revolver) of all Lenders at such time. “Proceeding” means any suit in equity, action at law or other judicial or administrative proceeding. “Proceeds” means (a) any property (including but not limited to Cash and securities) received as a Distr...