Debt Forgiveness definition

Debt Forgiveness has the meaning set forth in the recitals hereto.
Sample 1Sample 2Sample 3
Debt Forgiveness also defined as "Debt Exchange," shall have the meaning as set forth in Secion 4. Such debt owed to such AEGA Holders, shall be relinquished in the exchange with the Corporation in combination with such shares as defined.
Sample 1Sample 2
Debt Forgiveness means the elimination of the debt without the student having to pay anything to resolve it.Debt elimination
Sample 1Sample 2

Examples of Debt Forgiveness in a sentence

  • Debt Forgiveness Debts are accounted for as extinguished when and only when settlement occurs through repayment or replacement by another liability.

  • Pursuant to the Agreement in Principle and following the consummation of the Exchange and the Debt Forgiveness, Bionova desires to cancel the Bionova Note.

  • Ltd., entered into a Stock Exchange, Debt Forgiveness and Intellectual Property Assignment Agreement (the “Exchange Agreement”).

  • The expiration of any waiting period imposed by the Commission necessary for the consummation of the transactions contemplated by the Exchange, the Debt Forgiveness and the Merger shall have occurred.

  • Along the lines of Proposition 7, we endogenize legacy debt by imposing that the revenues raised by the issuance of legacy debt at date 0 remain constant (accounting for the fact that investors correctly anticipate the equi- librium level of supervisory leniency r).Proposition 10 (Doom Loop with Debt Forgiveness).

  • The Bionova Note became due and payable to Savia by its terms as of December 31, 2003, at which time the aggregate principal amount and accrued and unpaid interest under the Bionova Note totaled $79,799,547.57 (together with accumulated interest from January 1, 2004 to the date on which the Debt Forgiveness (defined below) is consummated, the "Savia Debt").

  • At the closing of the Exchange and the Debt Forgiveness (the "Closing"): (i) Savia shall deliver to Bionova the Bionova Note; (ii) Bionova shall accept the Bionova Note; and (iii) Bionova shall cancel the Bionova Note.

  • At the end of the twenty-four (24) month period commencing on the Effective Date, Ocwen will provide the Florida Plaintiffs with a final list of borrowers who received a Solicitation pursuant to this paragraph, with an accounting by borrower of the Calculation of Debt Forgiveness Amount, as that term is described in Exhibit 1.

  • This maximizes the rents of domestic banks, and at the same time entirely shifts the cost of domestic bailouts from domestic consumers to foreign investors by ensuring that all domestic bailouts take place in states with domestic sovereign debt forgiveness.Proposition 13 (Lax Supervision with Multiple Risky Countries and Debt Forgiveness).

  • Press Release, D.C. Office of the Attorney Gen., “CashCall Agrees to Provide Nearly $3 Million in Refunds and Debt Forgiveness to District Consumers in Settlement” (Jan.


More Definitions of Debt Forgiveness

Debt Forgiveness and “Debt Forgiven” and “Forgiven” and “Forgive Your Debt” means Student Freedom Fund forgives a certain portion of principal balance and credits any accrued interest under certain circumstances set forth in this Agreement.
Sample 1
Debt Forgiveness means an amount of $400,000.00 that Defendant will forgive and charge-off of unsecured debts owed by Class Members to Defendant.
Sample 1

Related to Debt Forgiveness

  • Commitment Letters has the meaning set forth in Section 4.5.

  • Financing Commitments has the meaning set forth in Section 5.7.

  • Financing Commitment shall have the meaning set forth in Section 6.4.

  • Refinancing Commitments shall have the meaning provided in Section 2.15(b)(i).

  • Debt Financing has the meaning set forth in Section 5.7.

  • Outstanding Debt means all the amounts, as adjusted from time to time, outstanding to the members of the CoC who will give their consent for approval of the Resolution Plan of the Successful Resolution Applicant, and as such amount is mentioned in the Information Memorandum.

  • Refinancing shall have correlative meanings.

  • Refinancing Loans means any Refinancing Term Loans or Refinancing Revolving Loans.

  • Bridge Financing means interim financing to cover Eligible Project Costs until DWSRF financing for the project is received from the State Water Board.

  • Refinancing Debt means Debt that refunds, refinances, renews, replaces or extends any Debt permitted to be Incurred by the Company or any Restricted Subsidiary pursuant to the terms of this Indenture, whether involving the same or any other lender or creditor or group of lenders or creditors, but only to the extent that

  • Permitted Refinancing Debt means any Debt that Refinances any other Debt, including any successive Refinancings, so long as:

  • Debt Commitment Letters shall have the meaning set forth in Section 5.7(a), as supplemented by Section 6.11, as applicable.

  • Balloon Indebtedness means Long-Term Indebtedness, 25% or more of the original principal amount of which becomes due (either by maturity or mandatory redemption) during any consecutive twelve-month period, if such principal amount becoming due is not required to be amortized below such percentage by mandatory redemption or prepayment prior to such twelve-month period.

  • Refinancing Transactions means the transactions described under “Summary—The Refinancing Transactions” in the Offering Memorandum.

  • Funding Debt means any Debt incurred by or on behalf of the General Partner for the purpose of providing funds to the Partnership.

  • Permitted Unsecured Refinancing Debt means Credit Agreement Refinancing Indebtedness in the form of unsecured Indebtedness (including any Registered Equivalent Notes) incurred by the Borrower in the form of one or more series of senior unsecured notes or loans; provided that such Indebtedness (i) constitutes Credit Agreement Refinancing Indebtedness and (ii) meets the Permitted Other Debt Conditions.

  • Existing Indebtedness Agreements shall have the meaning provided in Section 5.05.

  • Permitted Financial Indebtedness means Financial Indebtedness:

  • Refinancing Loan has the meaning specified in Section 2.15(b).

  • Specified Refinancing Debt has the meaning specified in Section 2.18(a).

  • Financing Transactions means the execution, delivery and performance by each Loan Party of the Loan Documents to which it is to be a party, the borrowing of Loans, the use of the proceeds thereof and the issuance of Letters of Credit hereunder.

  • Debt Financing Documents means the agreements, documents and certificates contemplated by the Financing, including all credit agreements, loan documents, purchase agreements, underwriting agreements, indentures, debentures and notes pursuant to which the Financing will be governed or contemplated by the Debt Commitment Letter.

  • Debt for Borrowed Money of any Person means all items that, in accordance with GAAP, would be classified as indebtedness on a Consolidated balance sheet of such Person.

  • Consolidated First Lien Debt means, as to any Person at any date of determination, the aggregate principal amount of Consolidated Total Debt outstanding on such date that is secured by a first priority Lien on the Collateral.

  • Consolidated First Lien Indebtedness means Consolidated Indebtedness that is secured by a first priority Lien (other than Permitted Liens) on assets of any Borrower or Restricted Subsidiary.

  • Refinancing Lenders has the meaning specified in Section 2.15(c).