Primary Lien definition

Primary Lien means the first of any multiple liens recorded on a vehicle or mobile home record.
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Primary Lien as defined in Section 6.7(a)(2).
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Primary Lien has the meaning set forth in Section 6.03(a).
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Examples of Primary Lien in a sentence

  • Lessor hereby consents to the creation of a Primary Lien which meets all of the requirements of this Agreement.

  • Lessee shall pay to Lessor the sum of One Thousand Five Hundred Dollars ($1,500) as a fee for legal and administrative expenses related to creation of a Primary Lien or any assignment or request for consent to an assignment.

  • Lessor acknowledges that Xxxxxx has received notice of the creation of the Primary Lien, together with a true copy of the Primary Lien, in accordance with Section 17.12.2 of the Agreement.

  • Xxxxx do Apogee Physicians 00000 Xxxxx Xxxxxxxxxx Xxxx Xxxxx 000 Scottsdale, AZ 85254 Copies to: Holder of Primary Lien only if specifically required by this Agreement.

  • Any GHP-Entitled Claimant who is not a Medicare- Entitled Claimant and for whom the NECC Tort Trustee or the MPS Settlement Administrator has notice of only a Primary Lien by a Participating Lienholder shall have the Negotiated Lien Payment Amount deducted from all Settlement Payments made to that Claimant.

  • Any Medicare-Entitled Claimant, for whom the NECC Tort Trustee or the MPS Settlement Fund Administrator also has notice of the assertion of a Primary Lien by a Non-Participating Lienholder, shall have 50% of the Negotiated Lien Payment Amount deducted from all Settlement Payments made to that Claimant and that amount(s) shall be held in reserve by the NECC Tort Trustee and/or the MPS Settlement Fund Administrator and paid to CMS.

  • Medicare-Entitled Only Claimants with No Primary Lien from a Medical Lienholder: Any Medicare-Entitled Claimant for whom the NECC Tort Trustee or the MPS Settlement Fund Administrator has not received notice of the assertion of a Primary Lien by any other Medical Lienholder, shall have deducted from all Settlement Payments made to that Claimant, the Negotiated Lien Payment Amount, as determined by applying the relevant percentage contained in Attachment B (the “Negotiated Lien Payment Amount”).


More Definitions of Primary Lien

Primary Lien means a lien arising out of coverage pursuant to a GHP, Part C Medicare Plan, or workers compensation plan. Primary Lien does not include a claim by Medicaid for medical services or expenses or a claim by a Medi-Gap or Part D Medicare Plan, the Veteran’s Administration, or Tricare.
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Primary Lien has the meaning ascribed to such term in the Granting Clause of this Indenture.
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Primary Lien has the meaning assigned to such term in Section 7.01 hereof.
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Related to Primary Lien

  • Additional Mortgaged Property has the meaning assigned to that term in subsection 6.9.

  • Mortgaged Property shall have the meaning assigned to such term in the recitals.

  • Secured means when referring to a Claim: (a) secured by a Lien on property in which the Estate has an interest, which Lien is valid, perfected, and enforceable pursuant to applicable law or by reason of a Bankruptcy Court order, or that is subject to setoff pursuant to section 553 of the Bankruptcy Code, to the extent of the value of the creditor’s interest in the Estate’s interest in such property or to the extent of the amount subject to setoff, as applicable, as determined pursuant to section 506(a) of the Bankruptcy Code; or (b) Allowed pursuant to the Plan or separate order of the Bankruptcy Court as a secured claim.

  • rateable property means property on which the municipality may in terms of Section 2 of the Property Rates Act 2004 levy a rate, but excluding property fully excluded from the levying of rates in terms of Section 17 of that Act.

  • Collateral has the meaning set forth in Section 2.