Priority Two Clause Samples

The 'Priority Two' clause establishes a secondary level of importance or ranking among obligations, rights, or claims within a contract. In practice, this clause typically applies when multiple parties or interests are involved, specifying that certain obligations or payments are to be fulfilled only after those designated as 'Priority One' have been satisfied. For example, in a loan agreement, creditors with 'Priority Two' status would receive payment only after all 'Priority One' creditors have been paid in full. This clause ensures a clear hierarchy of claims, helping to manage expectations and reduce disputes over the order in which obligations are met.
Priority Two. Life Safety and Protection of Life and Property
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Priority Two. Since many Castaways boaters have more than one boat (small craft) the use of the main Head Pier in front of their slip may be used for mooring of a small craft. This usage is allowed if it does not interfere with any other uses of the marina. The following shall apply to small craft mooring at the head pier: 3.2.2.1 The height of small craft above the dock shall not exceed 3 feet. 3.2.2.2 The width of the small craft shall not exceed 8 feet and 6 inches. 3.2.2.3 The total length of the small craft shall not exceed the width of the shareholder or tenant's slip. The "total length" measurement is taken from the furthest bow extremity to the I/O drive prop or Outboard prop. For example, if the shareholder or tenant has a 16 foot wide slip than his small craft "total length" may not exceed 16 feet. Variances to this rule my only be approved by the Board.
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Priority Two. This is for intermittent, non-critical support matters where the application is available, and an error is occurring which does not affect normal usage of the system. Priority two matters will be responded to within four business hours, and typically resolved within 72 hours.
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Priority Two. (Other traffic routes): To be treated only where there is prolonged and persistent frost or ice, which is expected to continue, or following snow:  Roads near other schools  Roads used as other bus routes  Roads to other hospitals  Roads to minor fire and ambulance establishments  Roads passing through other shopping centresLocal shopping areas  Local footways, which link communities
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Priority Two. Individuals residing in a San ▇▇▇▇ area outside of the low- resource census tracts, and low-income, focusing on those ages 18-24 but with the ability to serve older individuals based on number of interested individuals 60% AMI $ 69,600 $ 79,560 $ 89,520 $ 99,420 $ 107,400 $ 115,380 $ 123,300 $ 131,280 $ 7,980
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Priority Two. Failure or degradation of a single element of the Service that is business or customer affecting or which will become time-critical and for which a workaround is available but is unsatisfactory in the short term.
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Priority Two defence industry, international law, philosophy, ethics and morality, psychology, politics, economics, technology development, data science, horizon scanning, defence management, terrorism studies, nuclear policy, civil-military relations.
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Related to Priority Two

  • Priority Hiring If the Contract Amount is over $200,000 and this Agreement is for services (other than Consulting Services), this section is applicable. Contractor shall give priority consideration in filling vacancies in positions funded by this Agreement to qualified recipients of aid under Welfare and Institutions Code section 11200 in accordance with PCC 10353.

  • Priority Debt The Company will not permit Priority Debt to exceed 15% of Consolidated Total Assets (as of the end of the Company’s then most recently completed fiscal quarter) at any time.

  • PRIORITY OF USE Any schedule or milestone in this Agreement is estimated based upon the Parties' current understanding of the projected availability of NASA goods, services, facilities, or equipment. In the event that NASA's projected availability changes, Partner shall be given reasonable notice of that change, so that the schedule and milestones may be adjusted accordingly. The Parties agree that NASA's use of the goods, services, facilities, or equipment shall have priority over the use planned in this Agreement. Should a conflict arise, NASA in its sole discretion shall determine whether to exercise that priority. Likewise, should a conflict arise as between two or more non-NASA Partners, NASA, in its sole discretion, shall determine the priority as between those Partners. This Agreement does not obligate NASA to seek alternative government property or services under the jurisdiction of NASA at other locations.

  • Priority If the Managing Underwriter or Underwriters of any proposed Underwritten Offering of Common Units included in an Underwritten Offering involving Included Registrable Securities advises the Partnership that the total amount of Common Units that the Selling Holders and any other Persons intend to include in such offering exceeds the number that can be sold in such offering without being likely to have an adverse effect on the price, timing or distribution of the Common Units offered or the market for the Common Units, then the Common Units to be included in such Underwritten Offering shall include the number of Registrable Securities that such Managing Underwriter or Underwriters advises the Partnership can be sold without having such adverse effect, with such number to be allocated (i) first, to the Partnership and (ii) second, pro rata among the Selling Holders who have requested participation in such Underwritten Offering and any other holder of securities of the Partnership having rights of registration that are neither expressly senior nor subordinated to the Registrable Securities (the “Parity Securities”). The pro rata allocations for each Selling Holder who has requested participation in such Underwritten Offering shall be the product of (a) the aggregate number of Registrable Securities proposed to be sold in such Underwritten Offering multiplied by (b) the fraction derived by dividing (x) the number of Registrable Securities owned on the Closing Date by such Selling Holder by (y) the aggregate number of Registrable Securities owned on the Closing Date by all Selling Holders plus the aggregate number of Parity Securities owned on the Closing Date by all holders of Parity Securities that are participating in the Underwritten Offering.

  • Priority of Liens (a) Notwithstanding (i) the date, time, method, manner, or order of grant, attachment, or perfection of any Liens granted to the ABL Collateral Agent or the ABL Secured Parties in respect of all or any portion of the Common Collateral or of any Liens granted to any New First Lien Collateral Agent or any New First Lien Secured Parties in respect of all or any portion of the Common Collateral, and regardless of how any such Lien was acquired (whether by grant, statute, operation of law, subrogation or otherwise), (ii) the order or time of filing or recordation of any document or instrument for perfecting the Liens in favor of the ABL Collateral Agent or any New First Lien Collateral Agent (or the ABL Secured Parties or any of the New First Lien Secured Parties) on any Common Collateral, (iii) any provision of the Uniform Commercial Code, the Bankruptcy Code or any other applicable law, or of any of the ABL Documents or any of the New First Lien Documents, or (iv) whether the ABL Collateral Agent or any New First Lien Collateral Agent, in each case, either directly or through agents, holds possession of, or has control over, all or any part of the Common Collateral, the ABL Collateral Agent, on behalf of itself and the ABL Secured Parties, and the New First Lien Collateral Agent, on behalf of itself and the New First Lien Secured Parties, hereby agree that: (1) any Lien in respect of all or any portion of the Common Collateral now or hereafter held by or on behalf of the New First Lien Collateral Agent or the New First Lien Secured Parties that secures all or any portion of the New First Lien Obligations shall in all respects be junior and subordinate to all Liens granted to the ABL Collateral Agent and the ABL Secured Parties on the Common Collateral; and (2) any Lien in respect of all or any portion of the Common Collateral now or hereafter held by or on behalf of the ABL Collateral Agent or any ABL Secured Party that secures all or any portion of the ABL Obligations shall in all respects be senior and prior to all Liens granted to the New First Lien Collateral Agent or the New First Lien Secured Parties on the Common Collateral. The New First Lien Collateral Agent, for and on behalf of itself and each New First Lien Secured Party, expressly agrees that any Lien purported to be granted on any Common Collateral as security for the ABL Obligations shall be deemed to be and shall be deemed to remain senior in all respects and prior to all Liens on the Common Collateral securing any New First Lien Obligations for all purposes regardless of whether the Lien purported to be granted is found to be improperly granted, improperly perfected, preferential, a fraudulent conveyance or legally or otherwise deficient in any manner. (b) The ABL Collateral Agent, for and on behalf of itself and the ABL Secured Parties, acknowledges and agrees that, concurrently herewith, the New First Lien Collateral Agent, for the benefit of itself and the New First Lien Secured Parties, has been granted Liens upon all of the Common Collateral in which the ABL Collateral Agent has been granted Liens and the ABL Collateral Agent hereby consents thereto. The subordination of Liens by the New First Lien Collateral Agent in favor of the ABL Collateral Agent as set forth herein shall not be deemed to subordinate the respective Liens of the New First Lien Collateral Agent or the New First Lien Secured Parties to Liens securing any other Obligations other than the ABL Obligations (subject to the First Lien Intercreditor Agreement and any Additional General Intercreditor Agreement).