Priority Obligations definition

Priority Obligations means, as to the Term Loan Priority Collateral, the Term Loan Obligations and as to the Revolving Credit Priority Collateral, the Revolving Credit Obligations. The Existing Notes Obligations shall not constitute Priority Obligations for any purpose of this Agreement at any time prior to the Payment in Full of all Term Loan Obligations and all Revolving Credit Obligations, and all Revolving Credit Obligations and Term Loan Obligations shall both constitute Priority Obligations as they relate to the Existing Notes Obligations or the Existing Notes Creditors, or any Liens in favor of the Existing Notes Creditors, for all purposes of this Agreement.

Priority Obligations means the First-Out Obligations and the Second-Out Obligations.

Priority Obligations means, collectively, the First Lien Credit Agreement Obligations and the Additional First Lien Debt Obligations.

Examples of Priority Obligations in a sentence

• Nothing in this Undertaking can require Aurizon Network to act in a way that is inconsistent with its Passenger Priority Obligations or Preserved Train Path Obligations.

• This Undertaking, despite anything else contained in it, is subject to QR Network complying with its Passenger Priority Obligations, which shall override the provisions of this Undertaking to the extent of any inconsistency.

• Queensland Rail is not obliged to comply with this Undertaking to the extent that it is inconsistent with Queensland Rail’s compliance with its Passenger Priority Obligations and Preserved Train Path Obligations.

• Liens securing Priority Obligations; provided that the term “Permitted Encumbrances” shall not include any Lien securing Indebtedness for borrowed money other than Liens referred to in clauses (d) and (k) above securing obligations under letters of credit or bank guarantees or similar instruments related thereto and in clause (g) above, in each case to the extent any such Lien would constitute a Lien securing Indebtedness for borrowed money.

• Each teacher observation score (overall and dimension specific) was standardized using the full sample across both study years with a mean of 0 and a standard deviation of 1.

More Definitions of Priority Obligations

Priority Obligations means the Revolver Obligations and the Term Loan Obligations.

Priority Obligations means, as to the Term Loan Priority Collateral, the Term Loan Obligations and as to the Revolving Credit Priority Collateral, the Revolving Credit Obligations.

Priority Obligations means all moneys owing, obligations and other liabilities of the Borrowers to the Banks and the Agent pursuant to the facilities Agreement;

Priority Obligations means and include (a) the principal amount outstanding under the AR Loans at the Cut-Off Time, including amounts of any letters of credit contemplated by the AR Loan Documents, up to the Maximum Commitment Amount, (b) Protective Advances, (c) out-of-pocket fees and expenses incurred by AR Lender in connection with the administration and/or enforcement of the AR Loan Documents, (d) any advances made after the Cut-Off Time with the written approval of FHA Lender, and (e) interest accruing on any of the foregoing (except to the extent any default interest exceeds limits provided, if any, in Program Obligations;). Notwithstanding anything else in this Agreement, “Priority Obligations” shall exclude Indemnity Obligations, any default interest in excess of amounts permitted by Program Obligations or otherwise approved by HUD, and any Excluded Fees.

Priority Obligations defined in the Security Agreement.

Priority Obligations means the Priority Debt and all other Obligations in respect thereof.

Priority Obligations means the First Lien Obligations and the Second Lien Obligations.