Debt Assumption definition

Debt Assumption has the meaning set forth in Section 2.01(c)(ii).

Debt Assumption means the assumption by BellRing Brands of this Agreement and the Loans hereunder pursuant to Section 11.06(a)(i) and the Borrower Assignment and Assumption, subject to the satisfaction of the conditions precedent set forth in Section 4.02 hereof.

Debt Assumption means (i) the Assumption and (ii) the assignment by Leiner Group to LHP of, and the assumption by LHP of, the rights and obligations of Leiner Group in respect of the Credit Facility (and any guarantee thereof by LHP).

Examples of Debt Assumption in a sentence

• Agreement to cover the deficit on Forluz Pension Plan ‘A’ Forluz and the sponsors Cemig, Cemig GT and Cemig D have signed a Debt Assumption Instrument to cover the deficit of Plan A for the years of 2015, 2016 and 2017.

• Of the public external debt, US$5.45 billion is owed to bilateral creditors, US$2.67 billion to multilateral creditors, US$221 million to creditors under the 2015 RBZ Debt Assumption Act and US$4.9 billion is RBZ’s balance sheet external debt.

• The purchase price paid for the Shares consisted of three components: the Securities Consideration, the Cash Consideration, and the Debt Assumption.

• On April 3, 2019 a new Debt Assumption Instrument was signed between Forluz and the sponsors Cemig, Cemig GT and Cemig D, in accordance with a plan for coverage of the deficit of Plan A of Forluz relating to the year of 2017.

• Mr Speaker Sir, the bulk of public domestic debt relates to market issuance of treasury bills to assume Reserve Bank debt, under the Reserve Bank Debt Assumption Act passed into law in August 2015.

More Definitions of Debt Assumption

Debt Assumption has the meaning set forth in Section 2.13.

Debt Assumption means the assumption of the Obligations hereunder by the Subsidiary Borrower pursuant to the Assumption and Release. “Debt Rating” means, as of any date of determination, the rating as determined by S&P and Moody’s (collectively, the “D ebt Ratings”) of ADI’s

Debt Assumption means the Initial Assumption or any Subsequent Assumption.

Debt Assumption means the assumption of the Obligations hereunder by the Subsidiary Borrower pursuant to the Assumption and Release.

Debt Assumption is defined in Section 2.2(d).

Debt Assumption has the meaning set forth in Section 2.01(f)(ii). “Debt Fund Affiliate” means any bona fide debt fund or an investment vehicle that is engaged in the making, purchasing, holding or otherwise investing in commercial loans, bonds and similar extensions of credit in the ordinary course of business and with respect to which the Sponsor and investment vehicles managed or advised by the Sponsor that are not engaged primarily in making, purchasing, holding or otherwise investing in commercial loans, bonds and similar extensions of credit in the ordinary course, have fiduciary duties to the third-party investors in such fund or investment vehicle independent of their duties to the Borrowers or the Sponsor and do not make investment decisions for such entity, but shall in any event exclude the Borrowers and any of their respective Subsidiaries. “Debtor Relief Laws” means the Bankruptcy Code of the United States and all other liquidation, conservatorship, bankruptcy, assignment for the benefit of creditors, moratorium, rearrangement, receivership, insolvency, reorganization or similar debtor relief Laws of the United States or other applicable jurisdictions from time to time in effect and affecting the rights of creditors generally. “Default” means any event that is, or with the passage of time or the giving of notice or both, in each case, as set forth under Section 8.01, without cure or waiver, would be an Event of Default. “Default Rate” means an interest rate equal to (a) the Base Rate plus (b) the Applicable Rate, if any, applicable to Base Rate Loans plus (c) 2.00% per annum; provided that with respect to a Eurocurrency Rate Loan, the Default Rate shall be an interest rate equal to the interest rate (including any Applicable Rate) otherwise applicable to such Loan plus 2.00% per annum, in each case, to the fullest extent permitted by applicable Laws. “Default Right” has the meaning specified in Section 10.22(b). -23

Debt Assumption means the assumption by 8th Avenue of this Agreement and the Loans hereunder pursuant to Section 11.06(a)(i) and the Borrower Assignment and Assumption, subject to the satisfaction of the conditions precedent set forth in Section 4.02 hereof.