Post-Enforcement Priority of Payments definition

Post-Enforcement Priority of Payments means the order of priority pursuant to which the Guarantor Available Funds shall be applied on each Guarantor Payment Date, following the delivery of a Guarantor Default Notice, in accordance with the Intercreditor Agreement.

Post-Enforcement Priority of Payments has the meaning given to it in Section 3.07 of the Security Agreement;

Post-Enforcement Priority of Payments has the meaning given to it in Clause 6.2 of the Deed of Charge; Postponed Deferred Consideration means Deferred Consideration, the payment of which is, by reason of the making of provisions as referred to in Clause 2.6(c) of the Mortgage Sale Agreement, postponed from the date on which such Deferred Consideration would, but for such provisions, have been paid; Potential Abbey Event of Default means a Potential Issuer Event of Default; Potential Issuer Event of Default has the meaning given to it in Condition 14 (Meetings of Covered Bondholders, Modification, Waiver and Substitution) of the Programme Conditions; Potential LLP Event of Default has the meaning given to it in Condition 14 (Meetings of Covered Bondholders, Modification, Waiver and Substitution) of the Programme Conditions;

Examples of Post-Enforcement Priority of Payments in a sentence

• All such remuneration shall be payable in accordance with the Guarantee Priority of Payments or the Post-Enforcement Priority of Payments, as applicable.

• The cash management fee referred to in Clause 8.1 shall be paid to the Master Issuer Cash Manager in arrear on each Interest Payment Date in the manner contemplated by and in accordance with the provisions of the Master Issuer Pre-Enforcement Revenue Priority of Payments or, as the case may be, the Master Issuer Post-Enforcement Priority of Payments.

• In addition, the Security Trustee has agreed to act as security trustee vis-à-vis the other Secured Creditors and to pay to such Secured Creditors any amounts received from the Issuer or amounts collected by the Security Trustee under the Pledge Agreements subject to and pursuant to the Trust Agreement and subject to and in accordance with the Post-Enforcement Priority of Payments.

• The proceeds of enforcement and realisation of the Security shall be applied by the Security Trustee in accordance with the Post-Enforcement Priority of Payments in the Security Deed, and Covered Bondholders will receive amounts from the Covered Bond Guarantor on an accelerated basis.

• The Security Trustee has agreed to act as security trustee for the Noteholders and to pay any amounts received from the Issuer or amounts collected by the Security Trustee under the Pledge Agreements to the Noteholders subject to and pursuant to the Trust Agreement and subject to and in accordance with the Post-Enforcement Priority of Payments.

More Definitions of Post-Enforcement Priority of Payments

Post-Enforcement Priority of Payments means the order in which the Post-Enforcement Available Distribution Amount in respect of each Payment Date shall be applied as set out in Note Condition 2.4 (Post-Enforcement Priority of Payments);

Post-Enforcement Priority of Payments means the order of priority of payments set out in Section 18 of the Receivables Loan Agreement.

Post-Enforcement Priority of Payments means the provisions relating to the order of priority of payments as set out in Condition 3(e) (Post-Enforcement Priority of Payments);

Post-Enforcement Priority of Payments means the priority of payments set out in Condition 11(c) (Post- Enforcement Priority of Payments).

Post-Enforcement Priority of Payments means the priority of payments in respect of the net proceeds of enforcement of the security over the Collateral set out in Condition 11(b) (Post- Enforcement Priority of Payment).

Post-Enforcement Priority of Payments means the order in which the Available Distribution Amount in respect of each Payment Date shall be applied as set out in Schedule 4 (Post-Enforcement Priority of Payments) to the Security Trust Deed;

Post-Enforcement Priority of Payments means the priority of payments [as set out in Clause [●] of the Issuer Trust Deed / set out as such in section [●] of this Base Prospectus;]