Acknowledgment of Debt definition

Acknowledgment of Debt means a deed evidencing an Intercompany Loan, to be construed and governed under the laws of Chile.
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Acknowledgment of Debt means each debt acknowledgment executed by the Borrowers to evidence the Loans made to it in accordance with Section 2.07(d), which shall be in the form of (i) for the Loans to the El Salvador Borrower, Exhibit D-1 (Form of El Salvador Debt Acknowledgment), and (ii) for the Loans to the Nicaragua Borrower, Exhibit D-2 (Form of Nicaragua Debt Acknowledgment). “Acquired Debt” means Debt of any Person: (a) incurred and outstanding on the date on which such Person (i) was acquired by any member of the Restricted Group or (ii) is merged, consolidated, amalgamated or otherwise combined with (including pursuant to any acquisition of assets and assumption of related liabilities) any member of the Restricted Group; or (b) incurred to provide all or part of the funds utilized to consummate the transaction or series of related transactions pursuant to which such Person became a Subsidiary of any member of the Restricted Group or was otherwise acquired by any member of the Restricted Group; provided that, after giving pro forma effect to the transaction or transactions by which such Person became a Subsidiary of any member of the Restricted Group or is merged, consolidated, amalgamated or otherwise combined with any member of the Restricted Group, in the case of any such Person that became a Subsidiary of, or was merged, consolidated, amalgamated or otherwise combined with any member of the Restricted Group, (x) in the case where such Person is a member of the Restricted Group (other than the El Salvador Group and the Nicaragua Group), either (A) the Guarantor is able to incur $1.00 of additional Debt under the Debt Incurrence Test or (B) the Total Net Leverage Ratio of the Guarantor is not higher than such ratio before giving effect to such transaction or transactions, or (y) in the case where such Person is a member of the El Salvador
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Acknowledgment of Debt has the meaning assigned to such term in Section 2.02(c) of this Schedule 2.02.
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Examples of Acknowledgment of Debt in a sentence

  • In this Agreement: Abstract Acknowledgment of Debt (Parallel Debt Germany) means the abstract acknowledgement of debt entered or to be entered between the Borrower and the Security Agent in respect of acknowledging the Secured Liabilities of the Borrower dated as or around the date of this Agreement.

  • This Acknowledgment of Debt Satisfaction and Full Release is dated and effective as of the date first written above.

  • Each Initial Loan Pledge Agreement, and each Acknowledgment of Debt entered into on the Issue Date, will be governed and construed in accordance with, the laws of the Republic of Chile.

  • The judicial enforcement of this Acknowledgment of Debt by the Lender shall not require any previous notice or demand.

  • This Acknowledgment of Debt is the Acknowledgment of Debt referred to in the Loan Agreement, dated as of [ ], 2004 (as amended, supplemented --------- -- or otherwise modified from time to time, the "Loan Agreement"), between the Borrower and the Lender.

  • Since this Acknowledgment of Debt is one of the instruments falling under the scope of Section 523 subsection 2, of the Argentine Code of Civil and Commercial Procedure, and as it transfers the existence of a liquid and enforceable credit (pursuant to Section 520 of the Code of Civil and Commercial Procedure), the Borrower declares that this Acknowledgment of Debt is an executory title suitable and sufficient for the collection of the Acknowledged Debt.

  • Upon the execution and delivery to, and, if required, consent to and acceptance by, the Borrower, of an Assignment and Acceptance, the Borrower shall make all payments hereunder and under any Note or Acknowledgment of Debt, as applicable, in respect of the interest assigned thereby to the Lender assignee thereunder, and the parties to such Assignment and Acceptance shall make appropriate adjustments in such payments for periods prior to such effective date directly between themselves.

  • To all effects derived from this Acknowledgment of Debt, the Borrower sets up domicile at [ ] where all relevant notices and ------------- communications sent will be deemed valid including judicial and/or extra-judicial notices.

  • Terms of Series B Loan Schedule 5.07 Notice Information EXHIBITS Exhibit A Form of Note Exhibit B Form of Acknowledgment of Debt Exhibit C Form of Assignment and Acceptance LOAN AGREEMENT dated as of [ ], 2004 (the "Agreement") between -------- -- TELECOM ARGENTINA S.A., a sociedad anonima organized under the laws of the Republic of Argentina (the "Borrower"), and the Lender from time to time party hereto.

  • No failure or delay on the part of the Administrative Agent in exercising any right, power or privilege hereunder and no course of dealing between the Guarantor or the Administrative Agent or the beneficiary of any Acknowledgment of Debt shall operate as a waiver thereof; nor shall any single or partial exercise of any right, power or privilege hereunder preclude any other or further exercise thereof or the exercise of any other right, power or privilege.


More Definitions of Acknowledgment of Debt

Acknowledgment of Debt means this document whereby ▇▇▇▇▇ ▇▇ ▇▇▇▇▇▇▇ ▇ Buenos Aires S.A. acknowledges its indebtedness owing to Nederlandse Financierings-Maatschappij Voor Ontwikkelingslanden N.V., in the terms established herein.
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Related to Acknowledgment of Debt

  • Acknowledgment Agreement The document, substantially in the form of Exhibit B, to be executed by the Owner and the Servicer on or prior to each Closing Date which document shall amend the Mortgage Loan Schedule attached as Exhibit A hereto to reflect the addition of Mortgage Loans to such Exhibit A and which document reflects the addition of Mortgage Loans which are subject to the terms and conditions of this Agreement.

  • Security Joinder Agreement means each Security Joinder Agreement, substantially in the form thereof attached to the Security Agreement, executed and delivered by a Guarantor or any other Person to the Administrative Agent pursuant to Section 7.12.

  • Collateral Trust Joinder means (1) with respect to the provisions of the Collateral Trust Agreement relating to any additional Stock Secured Debt, an agreement substantially in the form of Exhibit B to the Collateral Trust Agreement and (2) with respect to the provisions of the Collateral Trust Agreement relating to the addition of additional Pledgors, an agreement substantially in the form of Exhibit C to the Collateral Trust Agreement.

  • Joinder Agreements means for each Subsidiary, a completed and executed Joinder Agreement in substantially the form attached hereto as Exhibit G.

  • Subordination Agreements means all subordination agreements executed by a holder of Subordinated Debt in favor of the Administrative Agent and the Lenders from time to time after the Closing Date.