First Ranking Interest definition

First Ranking Interest means an Interest which is expressed as being "first ranking", "first priority", or similar ("First Ranking") in the document creating such Interest (notwithstanding that such Interest may not be First Ranking under any insolvency laws of any relevant insolvency jurisdiction of the LPN Issuer).
Sample 1Sample 2Sample 3
First Ranking Interest means a charge, security interest (or other type of interest having similar effect) (an "Interest") which is expressed as being "first ranking", "first priority", or similar ("FirstRanking") in the document creating such Interest (notwithstanding that such Interest may not be First Ranking under any insolvency laws of any relevant insolvency jurisdiction of the LPN Issuer.
Sample 1
First Ranking Interest means a charge, security interest (or other type of interest having similar effect) (an “Interest”)
Sample 1Sample 2

Examples of First Ranking Interest in a sentence

  • For the purposes of the paragraph above First Ranking Interest means a charge, security interest (or other type of interest having similar effect) (an Interest), which is expressed as being "first ranking", "first priority", or similar (First Ranking) in the document creating such Interest (notwithstanding that such Interest may not be First Ranking under any insolvency laws of any relevant insolvency jurisdiction of the Issuer.

  • First Ranking Interest means an Interest which is expressed as being "first ranking", "first priority", or similar (First Ranking) in the document creating such Interest (notwithstanding that such Interest may not be First Ranking under any insolvency laws of any relevant insolvency jurisdiction of the LPN Issuer).

  • Development of enterprises and jobs in Brandenburg – results of the eight series of meetings of the Enterprise Panel for Brandenburg, (in German) MASGF Brandenburg, July 2004.


More Definitions of First Ranking Interest

First Ranking Interest means a charge, security interest (or other type of interest having similar effect) (an “Interest”), which is expressed as being “first ranking”, “first priority”, or similar (“First Ranking”) in the document creating such Interest (notwithstanding that such Interest may not be First Ranking under any insolvency laws of any relevant insolvency jurisdiction of the LPN Issuer. For the avoidance of doubt, each LPN Reference Obligation specified in Schedule 2 – Part II of the Portfolio Management Agreement, shall be deemed to be issued for the sole purpose of providing funds for the LPN Issuer to finance a loan to the Reference Entity. For the purposes of this Transaction, each such loan shall be an Underlying Loan. For the avoidance of doubt, any change to the issuer of an LPN Reference Obligation in accordance with its terms shall not prevent such LPN Reference Obligation constituting a Reference Obligation. Settlement Method: Physical Settlement Physical Settlement Period:Section 8.6 of the 2003 ISDA Credit Derivatives Definitions shall apply Deliverable Obligations: Exclude Accrued Interest Deliverable Obligation Category:Bond or Loan Deliverable Obligation Characteristics:Not Subordinated Specified Currency: Standard Specified Currencies Not Domestic Issuance Not Domestic LawNot Contingent Transferable Not Bearer Assignable LoanConsent Required Loan Partial Cash Settlement of Consent Required Loans:Not Applicable Partial Cash Settlement of Assignable Loans:Not Applicable Partial Cash Settlement of Participations:Not Applicable Escrow: ApplicableANNEX 4 PORTFOLIO MANAGEMENT AGREEMENT This Agreement is made on 4 April 2007 between:
Sample 1

Related to First Ranking Interest

  • Working Interest means an interest in oil and/or gas in the unit area by virtue of a lease, operating agreement, fee title, or otherwise, including a carried interest, the owner of which is obligated to pay, either in cash or out of production or otherwise a portion of the unit expense.

  • underlying interest means, for a derivative, the security, commodity, financial instrument, currency, interest rate, foreign exchange rate, economic indicator, index, basket, agreement, benchmark or any other reference, interest or variable, and, if applicable, the relationship between any of the foregoing, from, to or on which the market price, value or any payment obligation of the derivative is derived, referenced or based; and

  • Ownership Percentage with respect to any Member means the percentage of ownership of a Member determined by taking the total Capital Units held by such Member divided by the aggregate total number of issued and outstanding Capital Units.

  • Special Equity Interest means any Equity Interest that is subject to a Lien in favor of creditors of the issuer of such Equity Interest provided that (a) such Lien was created to secure Indebtedness owing by such issuer to such creditors, (b) such Indebtedness was (i) in existence at the time the Obligors acquired such Equity Interest, (ii) incurred or assumed by such issuer substantially contemporaneously with such acquisition or (iii) already subject to a Lien granted to such creditors and (c) unless such Equity Interest is not intended to be included in the Collateral, the documentation creating or governing such Lien does not prohibit the inclusion of such Equity Interest in the Collateral.