Priority Deed definition

Priority Deed means the priority deed dated on or about the date hereof between, among others, the Finance Parties and certain members of the Group as intercompany debtors and creditors.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Priority Deed means that certain Priority Deed dated 19 May 2015 between Prime Holdings-T (US), LLC, (in its capacity as holder of the Class 1 PECs, the "Original Class 1 Holder"); CSI Europe S.À ▇.▇., (in its capacity as holder of the Class 2 PECs, the "Original Class 2 Holder" and in its capacity as holder of Common Shares, the "CS Shareholder"); Prime Holdings-T (US), LLC, (in its capacity as holder of the Class 3 PECs, the "Original Class 3 Holder" and together with the Class 1 Holder and the Class 2 Holder, the "Original Holders"); Prime Holdings-T (US), LLC, (in its capacity as holder of Common Shares, the "NS Shareholder" and together with the CS Shareholder, the "Original Shareholders" and each an "Original Shareholder"); and Prime Holdco A-T S.À ▇.▇., as such Priority Deed is in effect on the Closing Date.

Priority Deed means the priority agreement dated on or about the date hereof between, among others, the Lender, the Borrower, Deutsche Bank AG London, Merrill Lynch International and the other lenders under the S▇▇▇▇▇ ▇a▇▇▇▇▇y Agreement.

Examples of Priority Deed in a sentence

Subject to the Senior Subordination Agreement and the Priority Deed, this Deed may be enforced without the Junior Lender first having recourse to any other security or rights or taking any other steps or proceedings against the Borrower or any other person or may be enforced for any balance due after resorting to any one or more other means of obtaining payment or discharge of the monies obligations and liabilities hereby secured.
Should Grantor default under any of the provisions of the First in Priority Deed or if any claim of priority over this Deed of Trust should be asserted in any legal or equitable proceeding, and not be dismissed with prejudice within sixty (60) days after the filing thereof.
All authorities, powers and discretions given in this Second Priority Deed of Trust to Trustee and/or Beneficiary may be exercised by either, without the other, with the same effect as if exercised jointly.
Subject to the Senior Subordination Agreement and the Priority Deed, the Borrower will do or permit to be done everything which the Junior Lender may from time to time require to be done for the purpose of enforcing the Junior Lender's rights hereunder and will allow the name of the Borrower to be used as and when required by the Junior Lender for that purpose.
Pending such application the Security Agent will hold such payment on trust for the beneficiaries entitled thereto (according to the ranking of entitlements set out in Clause 11 (Proceeds of Enforcement) of the First Priority Deed).

More Definitions of Priority Deed

Priority Deed means the agreement between the Seller, DWE and Macquarie Bank Limited (ABN 46 ▇▇▇ ▇▇▇ ▇▇▇) dated 19 December 2024.

Priority Deed means the priority deed dated on or about the date of this document between each Obligor, the Junior Security Trustee and the Financier. R&D means research and development. R&DTOR means a refundable R&D tax offset available to the Borrower.

Priority Deed means the deed of payment priority dated 29 October 2004 between the Company and the trustees of the Deep Yellow Creditors Trust.

Priority Deed means the priority deed dated on or about the date hereof between, among others, the Finance Parties (as defined in the Senior Credit Facilities) and certain members of the Group as intercompany debtors and creditors. --------------------------------------------------------------------------------

Priority Deed means the priority deed in the agreed form to be entered into between BoS, GA REIT, PropCo, Elder Care Co, Consensus and Glentworth in connection with SPA Completion;

Priority Deed means the priority deed, dated November 24, 2004 among (among others) the Parent Guarantor, the Trustee and the holders of Subordinated Preference Certificates.

Priority Deed means the priority deed, dated the Issuer Date, among the Trustee, Lumina Parent, Lumina Participation, the Issuer, FIMAF, NewSub 1, Lumina Holdings (Gibraltar) and others pursuant to which the parties thereto agree, among other things, to subordinate the Subordinated Shareholder PIK Loan to the Notes as amended from time to time in accordance with this Indenture.