Priority Loans definition

Priority Loans means the loans and extensions of credit made or to be made pursuant to the Priority Credit Agreement.

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Priority Loans has the meaning set forth in Section 1.1 of the Priority Credit Agreement. "Priority Maturity Date" has the meaning set forth in Section 1.1 of the Priority Credit Agreement. "Priority Notes" has the meaning set forth in Section 1.1 of the Priority Credit Agreement. "Priority Obligations" has the meaning set forth in Section 1.1 of the Priority Credit Agreement. "Priority Scheduled Debt Service" has the meaning set forth in Section 1.1 of the Priority Credit Agreement. "Priority Working Capital Commitment Account" has the meaning set forth in Section 1.1 of the Security Deposit Agreement. "Priority Working Capital L/C" has the meaning set forth in Section 1.1 of the Priority Credit Agreement "Priority Working Capital L/C Account" has the meaning set forth in Section 1.1 of the Security Deposit Agreement. "Priority Working Capital L/C Issuer" has the meaning set forth in Section 1.1 of the Priority Credit Agreement. "Priority Working Capital L/C Reimbursement Obligations" has the meaning set forth in Section 1.1 of the Priority Credit Agreement. "Priority Working Capital Loan Commitments" has the meaning set forth in Section 1.1 of the Priority Credit Agreement. "Priority Working Capital Loans" has the meaning set forth in Section 1.1 of the Priority Credit Agreement. "Proposed DIP Facility Agreement" has the meaning set forth in Section 1.01 of the Second Omnibus Restructuring Agreement. "Required Priority Lenders" has the meaning set forth in Section 1.1 of the Priority Credit Agreement. "Residual Loans" has the meaning set forth in Section 1.01 of the Second Omnibus Restructuring Agreement. "Revenue Account Waterfall" means the cash waterfall set forth in Section 5.1 of the Security Deposit Agreement. "Roll-Up Loans" has the meaning set forth in Section 1.01 of the Second Omnibus Restructuring Agreement. "Second Omnibus Restructuring Agreement" means the Second Omnibus Restructuring Agreement dated as of December 4, 2002, among the Company, the Owner, the Trustee, the Trust Company, each Tranche A Lender, each Tranche B Lender, each Investor, each Interest Hedge Party, the DSR/RCE L/C Issuer, the Working Capital L/C Issuer, the Administrative Agent, the Security Agent, the Priority Lenders, Citibank, N.A., as Priority Agent and NEG. "Settlement Amounts" has the meaning set forth in Section 1.01 of the Second Omnibus Restructuring Agreement. "Subject Project Costs" has the meaning set forth in Section 1.1 of the Priority Credit Agreement. "Tranche A Settl...

Priority Loans has the meaning assigned to the term “Loans” in the New Priority Lien Credit Agreement.

Examples of Priority Loans in a sentence

• Rent $0 N/A $0 $0 Utilities/Maintenance $30,481 N/A $0 $30,481 Equipment $0 N/A $0 $0 Access Technology $0 N/A $0 $0 Common Identifier $0 N/A $0 $0 Partner 1: EDD (WP, Vet, TAA) $30,481 20% $6,124.56 $6,124.56 $0 Partner 2: HHS (TANF/WIOA) $30,481 80% $24,356.44 $24,356.44 $0 The CEO, the Local Board Chairperson, and all colocated AJCC partners included in the sharing of infrastructure costs must sign.

• Notwithstanding anything to the contrary in this Agreement, all Priority Loans shall be repaid in full prior to any distributions to the Members pursuant to Section 5.02 or Section 12.02(b)(iii), as applicable.

• Notwithstanding anything herein to the contrary, no distribution shall be made until all Priority Loans are paid in full.

• Partners' Priority Loans shall be payable, as set forth in this Agreement, from and out of Partnership assets, but otherwise shall be made on a "no-recourse" basis and no Partner shall have any personal liability in respect of any thereof.

• Except as expressly set forth in this Article III, no Partner shall be required to make any Additional Capital Contributions, Partners' Loans or Partners' Priority Loans to the Partnership.

• The Capital Contributions of the Partners, all Partnership borrowings, and any Additional Capital Contributions, Partners' Loans and Partners' Priority Loans made pursuant to this Agreement shall be used and applied only (i) in accordance with an Operating Budget; (ii) Project Costs; or (iii) for any other Partnership purpose as determined and agreed to by all of the General Partners.

• Payments of Priority Loans shall be applied first to payment of outstanding interest and then to principal until all amounts due thereunder have been paid in full.

• If more than one Priority Loan is outstanding, then repayment of all Priority Loans shall be made in the reverse order in which such Priority Loans were made (e.g., the most recent Priority Loan shall be repaid prior to repayment of the next most recent Priority Loan).

• All Priority Loans shall be repaid in full prior to any distributions of Distributable Amounts to the Members under Article IX.

• From time to time, the Stated Contribution Amount of each Member will be (a) increased by the amount of any additional cash or the Agreed Value of Properties contributed by it to the capital of the Company (other than Priority Loans or amounts funded pursuant to Section 4.4(e)), and (b) decreased by the amount of any special distributions made to such Member pursuant to the applicable Contribution Agreement and as described in Sections 4.1 and 5.3.

More Definitions of Priority Loans

Priority Loans has the meaning set forth in Section 2.1 of this Agreement.

Priority Loans means (i) with respect to any Contributing Member, any advance made by such Contributing Member and designated or characterized by the Contributing Member as a Priority Loan pursuant to Section 4.03, including both the Non-Contributing Member’s share of such amount advanced by the Contributing Member pursuant to Section 4.04(b)(ii) and the Contributing Member’s share of such amount advanced by the Contributing Member pursuant to Section 4.02 hereof or (ii) with respect to any Deadlock Advancing Member, any advance made by such Deadlock Advancing Member and designated or characterized by the Deadlock Advancing Member as a Priority Loan pursuant to Section 4.03 hereof.