Debt Disposal definition

Debt Disposal means any disposal of any Liabilities or Debtors’ Intra-Group Receivables pursuant to paragraphs (d) or (e) of Clause 11.1 (Facilitation of Distressed Disposals and Appropriation).
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Debt Disposal means any disposal of any Liabilities or Debtors’ Intra-Group Receivables pursuant to paragraphs (d) or (e) of Clause 17.1 (Facilitation of Distressed Disposals).
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Debt Disposal means any disposal of any Disposal Obligations pursuant to Section 5.01(a)(iii).
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Examples of Debt Disposal in a sentence

  • The net proceeds of each Distressed Disposal and each Debt Disposal shall be paid, or distributed, to the Common Security Agent for application in accordance with Clause 19 (Application of proceeds) and, to the extent that any Liabilities Sale has occurred, as if that Liabilities Sale had not occurred.

  • Subject to Clause 13.5 (Security Agent protection), a Distressed Disposal or a Debt Disposal may be made in whole or in part for consideration in the form of cash or, if not for cash, for Non-Cash Consideration which is acceptable to the Security Agent.

  • The net proceeds of each Distressed Disposal and each Debt Disposal shall be paid, or distributed, to the Security Agent for application in accordance with Clause 17 (Application of Proceeds) and, to the extent that any Liabilities Sale has occurred, as if that Liabilities Sale had not occurred.

  • The net proceeds of each Distressed Disposal and each Debt Disposal shall be paid, or distributed, to the Security Agent for application in accordance with Clause 16 (Application of Proceeds).

  • Subject to Clause 5, a Distressed Disposal or a Debt Disposal may be made in whole or in part for consideration in the form of cash or cash equivalents or, if not for cash, for Non-Cash Consideration which is acceptable to the International Security Agent.

  • Subject to Clause 10.5 (Collateral Agent protection), a Distressed Disposal or a Debt Disposal may be made in whole or in part for consideration in the form of cash or, if not for cash, for Non- Cash Consideration which is acceptable to the Collateral Agent.

  • Subject to Clause 12.4 (Security Agent protection), a Distressed Disposal or a Debt Disposal may be made in whole or in part for consideration in the form of cash or, if not for cash, for Non-Cash Consideration which is acceptable to the Security Agent.

  • Unsecured Notes Creditors) and Clause 18.5 (Security Agent Protection), a Distressed Disposal or a Debt Disposal may be made in whole or in part for consideration in the form of cash or, if not for cash, for Non-Cash Consideration which is acceptable to the Security Agent.

  • Subject to Clause 12.5 (Security Agent protection), a Distressed Disposal or a Debt Disposal may be made in whole or in part for consideration in the form of cash or, if not for cash, for Non-Cash Consideration which is acceptable to the Security Agent.

  • No Distressed Disposal or Debt Disposal may be made for Non-Cash Consideration unless the prior consent of the Instructing Group (acting in accordance with the Enforcement Principles) is obtained.


More Definitions of Debt Disposal

Debt Disposal means any disposal of any Liabilities pursuant to paragraphs (c) or (d) of Clause 1 of Schedule 2.
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Debt Disposal means any disposal of any Liabilities or Debtors' Intra-Group Receivables pursuant to paragraphs ‎(d) or ‎(e) of Clause ‎15.1 (Facilitation of Distressed Disposals and Appropriation).
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Debt Disposal means any disposal of any Liabilities pursuant to Clause 10.1 (Facilitation of Distressed Disposals and Appropriation).
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Debt Disposal means any disposal of any Liabilities or Obligors’ Intra-Group Receivables pursuant to paragraph (c) or (d) of Clause 12.1 (Facilitation of Distressed Disposals).
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Debt Disposal means any disposal of any Liabilities or Debtor Liabilities pursuant to paragraph (a)(iii) of Clause 11.2 (Distressed Disposals).
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Related to Debt Disposal

  • Final disposition means the burial, interment, cremation, removal from the state, or other disposition of a dead body or fetus.

  • Asset Sale means any sale, lease, transfer, issuance or other disposition (or series of related sales, leases, transfers, issuances or dispositions) by the Company or any Restricted Subsidiary, including any disposition by means of a merger, consolidation or similar transaction (each referred to for the purposes of this definition as a "disposition"), of

  • Prepayment Asset Sale means any Disposition by any Borrower or its Subsidiaries made pursuant to Section 6.06(h), Section 6.06(j), Section 6.06(p), clause (ii) to the proviso to Section 6.06(q) (to the extent provided therein) and Section 6.06(r).

  • Permitted Equity Issuance means any sale or issuance of any Qualified Equity Interests.

  • Disposal Proceeds means the Net Proceeds received by any member of the Group (including any amount received in repayment of intercompany debt) for any Disposal made by any member of the Group except for Excluded Disposal Proceeds.