Priority Payments definition

Priority Payments shall have the meaning ascribed thereto in Section 3.04(c) of the Indenture.

Priority Payments. For each Series of Notes then Outstanding on any Payment Date, all amounts to be paid from the related Series Account on such Payment Date which represent payments of (i) interest (but not Default Fees or any other interest expressly excluded pursuant to the terms of the Supplement for such Series) on such Series of Notes, (ii) commitment fees payable to the Holders of such Series of Notes and (iii) if any of the amounts set forth in clauses (i) or (ii) are paid by a Series Enhancer, then any reimbursement obligations of the Issuer to such Series Enhancer in respect of such payments, including interest thereon, shall be a Priority Payment for such Series and paid to such Series Enhancer to the extent that such payment would not cause a shortfall in other Priority Payments for the Noteholders of such Series.

Priority Payments means those amounts set forth in Paragraphs 1 through 5 of Exhibit D attached hereto. Agent acknowledges and agrees that 60% of its Fee is subordinate to the Priority Payments.

Examples of Priority Payments in a sentence

• If the District Court rules that all Allowed and allowable First Priority Claims and all Allowed and allowable Litigation Payments have been paid or that adequate provision has been made to assure such payment (along with administrative costs) based on the available assets, then the Second Priority Payments, or some portion thereof, may be distributed, unless the order of the District Court is stayed or reversed on appeal.

• To obtain authorization to distribute Second Priority Payments, the Finance Committee shall file a recommendation and motion with the District Court requesting authorization to distribute Second Priority Payments.

• Payments identified on the Settlement Grid as “Premium Payments” for Breast Implant Disease Payment Option Claims and Rupture Payment Option Claims and for Covered Other Products Claims and payments for increased severity of disease or disability under Breast Implant Disease Payment Option (for both Disease Payment Option I and Disease Payment Option II) as outlined shall be defined as Second Priority Payments.

• In conjunction with the Independent Assessor, the Finance Committee shall, prepare projections of the likely amount of funds required to pay in full all pending, previously Allowed but unpaid and projected future First Priority Payments.

• Payments for Allowed Claims of Non-Settling Claimants in Classes 11, 13, 14, 14A, 15 and 17 along with related administrative costs shall be defined as Settlement Fund Other Payments and shall be First Priority Payments.

More Definitions of Priority Payments

Priority Payments means the Common Priority Payment, Series A Preferred Priority Payment, Series C Preferred Priority Payment and the Series G Aggregate Preferred Priority Payment.

Priority Payments means payments to be made pursuant to this Plan, which are required to be paid in priority to payments to Affected Creditors in accordance with Applicable Laws;

Priority Payments means Priority Distributions, in an aggregate amount during the term of this Agreement not to exceed at any date of determination the sum of (a) the number of fiscal months ending on or after the Closing Date and on or prior to the earlier of (i) the date of determination and (ii) the last day of the fiscal month preceding the fiscal month in which the Project Opening Date occurs, times $155,000 (provided that in no event shall the aggregate amount under this clause (a) exceed $930,000), plus (b) the Initial Priority Payment Amount, plus (c) the number of fiscal months commencing after the month in which the Project Opening Date occurs and on or prior to the date of determination times $333,333.34. To the extent that in any month the Borrower does not make such payments, but the Manager makes such payments on behalf of the Borrower, then the Borrower may thereafter make such payments to the Manager to reimburse the Manager for such payments.

Priority Payments means those priority payments prescribed under subsections 6(3), 6(5) and 6(6) of the CCAA, and the amounts owing under the Employee Priority Claims, and including those amounts identified in the Pre-Closing Implementation Steps.

Priority Payments means: (i) with respect to the applicable recourse carveout liability described in Section 13.1(a)(x) above as it relates to the failure to pay Taxes and Insurance Premiums, no other payments; (ii) with respect to the applicable recourse carveout liability described in Section 13.1(a)(iv) above, the payment of all Taxes and Insurance Premiums, Ground Rent, Debt Service and sums required to be deposited into any Reserve Accounts other than the Excess Cash Flow Account, and (iii) with respect to the applicable recourse carveout liability described in Section 13.1(a)(vi) above as it relates to the failure to pay any charges that create Liens, the payment of all Taxes, Insurance Premiums, Ground Rent, Debt Service and sums required to be deposited into any Reserve Account other than the Excess Cash Flow Account, and all sums necessary to avoid material physical waste to the Property, in each case on a current basis.

Priority Payments means payments of debt service, fees, tax credit adjuster payments, partner loans, reserve replenishment and other conditions as may be required by the Investor and by third-party lenders subject to reasonable approval by the Authority. All payments due to the Authority from the Rental Owner Entity – specifically including mortgage loan payments, ground lease payments and other seller financing payments – shall be included within and subject to the preceding limitation on Adjusted Annual Surplus Cash payments described above. The Authority shall apply all such payments directly to fund or replenish the ACC Reserve as described in Section 8.9. If any other lenders require repayment from Surplus Cash or otherwise from cash flow of the Rental Owner Entity, then such lenders’ payments will be included within and credited against the 60% and 80% shares described above and the Authority will therefore be required to divide such amounts with such other lenders. The Developer will strive to provide Surplus Cash payments to the Authority with a priority equivalent to potential obligations imposed by the Investor to replenish draws upon operating reserve accounts.

Priority Payments means four equal quarterly installment payments that together fully satisfy the principal amount of the Priority Claims.