Priority Basis definition

Priority Basis means the sum total, as of any given point in time -------------- during the Term, of: (i) the dollar amount shown on Exhibit "A-1"; plus (ii) any Additional Invested Capital expended by Owner; provided that each expenditure of Additional Invested Capital shall be added to the Priority Basis at such September 13, 1993 26 date or dates as the expenditure occurred, taking into consideration at what point (or points) during the Fiscal Year such expenditure occurred; less (iii) the amount of any condemnation award received by Owner and not applied to restoration of the Inn pursuant to Section 15.02.B.
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Priority Basis. “Priority Service,” “Priority” and similar terms used herein mean the level of firm service offered by Gatherer on the Gathering System which is lower than Primary Firm Service but is higher than Interruptible Service.
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Examples of Priority Basis in a sentence

  • On the date that the Approval Order is approved by the Bankruptcy Court, the Sellers shall be entitled to apply $3,675,000 (the “Patriot Payoff”) of the Deposit to pay off the debt owed to The Patriot Group, LLC, (“Patriot”) pursuant to the Holdback as used in and authorized by the Second Amendment to Final Order Authorizing (A) Secured Postpetition Financing on a Super Priority Basis ▇▇▇▇▇▇▇▇ ▇▇ ▇▇ ▇.▇.▇.

  • Immediately following the funding of the Term Loans on the Closing Date, Borrower shall (i) deposit the Exchange Note Cash Collateral Proceeds into the Exchange Note Cash Collateral Account in the name of the Collateral Agent and (ii) deposit the ▇▇▇▇▇▇▇ Cash Collateral Proceeds into the ▇▇▇▇▇▇▇ Cash Collateral Account in the name of the Collateral Agent (to be used solely in accordance with Section 5.11 hereof), in each case to secure the Obligations on a First Priority Basis.

  • Gatherer will provide gathering services to Shipper for quantities of Gas on a Priority Basis.

  • The Industrial Development Programs Shall Give Special Consideration to the Situations of Bolivia and Ecuador In Assigning, on a Priority Basis, the Production for Their Benefit and the Consequent Siting of the Production Facilities In Their Territories, Particularly Through Their Participation In the Modes of Industrial Integration Stipulated In Article 58 Article 113-.

  • The amount of any award received by Owner pursuant to Section 15.02.B and September 13, 1993 142 not applied to restoration of the Inn shall be deducted from the Priority Basis and the Loan Priority Basis at such time as the award is received by Owner.

Related to Priority Basis

  • Priority 2 Individuals who are: Age 60 and over in need of the following medically related trips: • Need for life sustaining medical care such as dialysis, chemotherapy, radiation treatment • Multi-system failure or conditions requiring immediate medical supervision/care, e.g. diabetes, heart disease, Chronic Obstructive Pulmonary Disease (COPD) • Surgery or non-elective (immediate need) procedure

  • Priority Lien Cap means $10.0 million.

  • Priority 1 is defined in Appendix A, Section 3.4.

  • Priority Amount As to any Distribution Date, the amount equal to the sum of (i) the product of (A) the Scheduled Principal Distribution Amount, (B) the Shift Percentage and (C) the Priority Percentage and (ii) the product of (A) the Unscheduled Principal Distribution Amount, (B) the Shift Percentage and (C) the Priority Percentage.

  • Priority Tax Claim means any Claim of a Governmental Unit of the kind specified in section 507(a)(8) of the Bankruptcy Code.