Waterfall definition
Waterfall means that term as defined in Section 8.7(b)(ii) hereof.
Waterfall provisions set forth in Section 5.3 of the Pledge Agreement, (iii) release all or substantially all of the Material Domestic Subsidiaries as Subsidiary Guarantors (except as provided in Section 9.16) or (iv) change any of the provisions of this Section, in each case without the written consent of each Lender; provided, further, that no such agreement shall amend, modify or otherwise affect the rights or duties of the Collateral Agent under the Guarantee Agreement or the Pledge Agreement without the prior written consent of the Collateral Agent.
Waterfall shall have the meaning assigned to such term in the second paragraph of Article VII.
Examples of Waterfall in a sentence
Amounts payable to Buyer and not otherwise required to be deposited into the Waterfall Account shall be deposited into an account of Buyer.
Neither Seller nor any Person claiming through or under Seller shall have any claim to or interest in the Waterfall Account.
Waterfall methodology will only be used in exceptional circumstances, and where it can be shown to best meet user needs.
All such Income, once deposited in the Waterfall Account, shall be applied to and remitted by Deposit Account Bank in accordance with this Article 5.
On [Repayment Date]: ¨ Pursuant to Waterfall Level (4), transfer $ to Lender for repayment of principal of the Loans.
More Definitions of Waterfall
Waterfall means either the Local Asset Waterfall or the Main Asset Waterfall as the context may require.
Waterfall means that term as defined in Section 8.6(b)(ii) hereof.
Waterfall means the order of payments set forth in Section 5(b) of the Security Agreement.
Waterfall has the meaning given to that term under the Servicing Agreement.
Waterfall means the scheme of distribution and allocation of proceeds from the sale of Units and other property of UC Leslieville and UC Beach as set out in the Settlement Approval Order.
Waterfall has the meaning given to such term in Section 5.4; and “Waterfall Expiry Date” means December 31, 2044.
Waterfall means the priority of payments set forth in Section 5(e). Section 2. Security Interest.