Enforcement Priority of Payments definition

Enforcement Priority of Payments is defined in Section 7(c).

Enforcement Priority of Payments has the meaning given to it in the Deed of Charge;

Enforcement Priority of Payments means the priority of payments in part C (Italian FleetCo Pre-Enforcement Priority of Payments) of part 5 (FleetCo Pre-Enforcement Priority of Payments) of schedule 3 (Priorities of Payments) to the Framework Agreement.

Examples of Enforcement Priority of Payments in a sentence

• Party B hereby covenants in favour of Party A that it shall not agree to any amendment to the Revenue Priority of Payments, Principal Priority of Payments, the Enforcement Priority of Payments or any Relevant Document that it considers to be materially prejudicial to Party A without first gaining the prior written consent of Party A.

• Subject to this Schedule 8, the Borrower Standstill Cash Manager acknowledges that all amounts due to be paid to the Borrower Standstill Cash Manager shall be paid in accordance with the Pre-Enforcement Priority of Payments or the Post- Enforcement Priority of Payments (as applicable) and it will have no recourse against any funds standing to the credit of the Borrower Accounts or against any other account or any party other than the Obligors in respect of its fees or expenses.

More Definitions of Enforcement Priority of Payments

Enforcement Priority of Payments has the meaning specified in Section 4.03(i).

Enforcement Priority of Payments means any of them, as the context requires.

Enforcement Priority of Payments means the priority of payments set out in Clause 8.2;

Enforcement Priority of Payments means the order of priority of payments set out in Clause 8.4 of the Master Purchaser Deed of Charge and reference to a particular item of the GBP Post-Enforcement Priority of Payments is to the corresponding paragraph of Clause 8.4 of the Master Purchaser Deed of Charge;

Enforcement Priority of Payments means the priority of payments in respect of Enforcement Proceeds set out in Condition 4(b) (Application of Proceeds upon Enforcement).

Enforcement Priority of Payments means the enforcement priority of payments for a particular Series of Notes as set out in the Issue Deed.

Enforcement Priority of Payments means the order of priority in which the Funding 2 Security Trustee will apply all monies (other than monies standing to the credit of the Funding 2 Yield Reserve Funds) following a Master Intercompany Loan Event of Default and enforcement of the Funding 2 Security (as set out in Part 3 of Schedule 4 to the Funding 2 Deed of Charge);