Priority Agreement definition

Priority Agreement means the agreement between the Agent, the Banks, the Borrowers and the Agent and the lenders under the Junior Facility Agreement regulating the priorities and the rights of enforcement of security between the Banks and the lenders under the Junior Facility Agreement pursuant to paragraph 7 of Part 1 of the First Schedule;

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Priority Agreement means any agreement between a Seller and a subsequent mortgagee of Land the subject of a Mortgage or Collateral Security:

Priority Agreement means the priority agreement originally dated 29 March 2004, as amended and restated pursuant to a supplemental agreement dated 27 May 2004, as further amended and restated by a supplemental agreement dated 1 July 2004 and as further amended and restated by a supplemental agreement dated 9 May 2006 made between, amongst others, KDG, KDVS, the Facility Agent and the Lenders are parties in connection with the Credit Agreement.

Examples of Priority Agreement in a sentence

• The First Priority Representative shall, promptly following its receipt thereof, distribute the amounts received by it in respect of the Purchase Price to the First Priority Secured Parties in accordance with the First Priority Agreement.

• See detailed instructions under Priority Agreement in Checklist page 5.

• Each Person that becomes a Loan Party after the date hereof shall become a party to this Agreement upon execution and delivery by such Person of an Assumption Agreement in the form of Annex 1 to the Guarantee and Collateral Agreement referred to in the First Priority Agreement.

• For the purposes of giving effect to any of the Producer’s undertakings under this Priority Agreement, the Producer shall make, execute and deliver to the Creditor or the Administrator, any documents or Agreements as the BRM Program Administrator may reasonably request.

• The termination of the Existing First Priority Agreement in connection with any such replacement shall not be deemed to be the First Priority Obligations Payment Date.

More Definitions of Priority Agreement

Priority Agreement means the Existing Priority Agreement amended on a basis consistent with the Agreed Priority Agreement Principles after the date of the Credit Agreement.

Priority Agreement means the Priority Agreement detailed in Article 10 of this Agreement;

Priority Agreement means an agreement dated as of the date of this Agreement between the Lender and the Senior Lender;

Priority Agreement means the Priority Agreement, dated as of September 16, 2002, as amended, modified or supplemented from time to time, among the Senior Creditors (as defined therein), the Company, Parent, the Subsidiary Guarantor and the other parties thereto from time to time." and substituting therefor the words:

Priority Agreement means the priority agreement dated January 17, 2014 (as amended on February, 20 2014 and as amended and restated on July 4, 2014) between, among others, the Company, UPC NL and Deutsche Trustee Company Limited, as security agent, as previously amended and as may be further amended and in effect from time to time.

Priority Agreement any agreement to be entered into on the terms of this Agreement between (1) the Council and (2) an Investor to regulate priorities between the rights of the Council under the Legal Charge and the rights of an Investor under any security given by the Developer to an Investor in respect of any funding provided by the Investor for the Development Works so such funding takes priority to any payments secured by a Legal Charge and in such reasonable form as proposed by the Developer to be approved by the Council such approval not to be unreasonably withheld or delayed “Private Residential Units” any Residential Units that are not Affordable Residential Units and which may include car parking spaces “Professional Team” each of the following for the Relevant Plot:

Priority Agreement means the Priority Agreement, dated as of September 16, 2002, as amended, modified or supplemented from time to time, among the Senior Creditors (as defined therein), the Company, Parent, MDCP Acquisitions I and the other parties thereto from time to time.