Debt Purchase Transaction definition
Debt Purchase Transaction means, in relation to a person, a transaction where such person:
Debt Purchase Transaction has the meaning given to that term in clause 29.2 (Prohibition on Debt Purchase Transactions by the Group).
Debt Purchase Transaction means, in relation to a person, a transaction where such person:- (a) purchases by way of assignment or transfer (b) enters into any sub-participation in respect of or (c) enters into any other agreement or arrangement having an economic effect substantially similar to a sub-participation in respect of any Commitment or amount outstanding under this Agreement
Examples of Debt Purchase Transaction in a sentence
Any Sponsor Affiliate which is or becomes a Lender and which enters into a Debt Purchase Transaction as a purchaser or a participant shall, by 5.00 pm on the Business Day following the day on which it entered into that Debt Purchase Transaction, notify the Agent of the extent of the Commitment(s) or amount outstanding to which that Debt Purchase Transaction relates.
More Definitions of Debt Purchase Transaction
Debt Purchase Transaction has the meaning given to that term in paragraph (b) of clause 28.2 (Disenfranchisement on Debt Purchase Transactions entered into by Parent Affiliates) Obligor means a Borrower or a Guarantor and Obligors means each of them Obligors' Agent means the Company, appointed to act on behalf of each Obligor in relation to the Finance Documents pursuant to clause 2.3 (Obligors' Agent) OECD means Organisation for Economic Co-operation and Development Original Borrowers means each of the Company, APII and ANNV, each as more particularly described in Part 1 of Schedule 1 (The Original Parties)
Debt Purchase Transaction has the meaning given to that term in clause 34.3 (Disenfranchisement on Debt Purchase Transactions entered into by Company Affiliates)
Debt Purchase Transaction means, in relation to a person, a transaction where such person: (a) purchases by way of assignment or transfer; (b) enters into any sub-participation in respect of; or (c) enters into any other agreement or arrangement having an economic effect substantially similar to a sub-participation in respect of, any Commitment or amount outstanding under this Agreement. “Default” means an Event of Default or any event or circumstance specified in Clause 26 (Events of Default) which would (with the expiry of a grace period, the giving of notice, the making of any determination under the Finance Documents or the Sinosure Insurance Policy or any combination of any of the foregoing) be an Event of Default. “Defaulting Lender” means any Lender: (a) which has failed to make its participation in a Loan available or has notified the Agent that it will not make its participation in a Loan available by the Utilisation Date of that Loan in accordance with Clause 5.4 (Lenders’ participation); 6
Debt Purchase Transaction means, in relation to an Obligor, a transaction where such Obligor:
Debt Purchase Transaction has the meaning given to that term in clause 32.3(b) (Disenfranchisement of Debt Purchase Transactions entered into by Affiliates). Obligors means the parties to the Finance Documents (other than the Finance Parties, K-sure, KEXIM, any Charterers and the Managers of each Ship) and Obligor means any one of them.
Debt Purchase Transaction means, in relation to a person, a transaction where such person: (i) purchases, by way of assignment or transfer, any Commitment or Advance; (ii) enters into any sub-participation in respect of any Commitment or Advance; or (iii) enters into any other agreement or arrangement having an economic effect substantially similar to a sub-participation in respect of any Commitment or Advance. “Debtor Relief Laws” means the Bankruptcy Code, 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.
Debt Purchase Transaction has the meaning given to that term in paragraph (b) of Clause 28.2 (Disenfranchisement on Debt Purchase Transactions entered into by Sponsor Affiliates). Obligor means a Borrower or a Guarantor.