Debt Releases definition

Debt Releases means (i) the release of CSL/US of its debts, liabilities and obligations arising under the Note and Guarantee Agreement dated as of December 19, 2002 among CSL/US, CSL, CSL Finance PTY Ltd. and certain other persons, as amended, (ii) the release of CSL/US of its debts, liabilities and obligations arising under the Syndicated Global Multicurrency Revolving Facility Agreement (amended and restated as of March 18, 2004) among CSL, CSL/US, Deutsche Bank AG, Melbourne as Global Facility Agent, and certain other persons and (iii) the release of JRH/Australia of its debt, liabilities and other obligations arising under the Deed of Cross Guaranty referenced in Section 5.19.
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Debt Releases means customary payoff letters, release letters and deeds of release with respect to the Seller Credit Documents that, in each case, (i) reflect the amounts required in order to pay in full the Indebtedness incurred thereunder or evidenced thereby (other than contingent obligations customarily surviving payment in full), and (ii) provide that, upon payment in full of the amounts indicated therein, all security interests and guarantees securing such Seller Credit Documents will be discharged and automatically released and that the holders of such Indebtedness (or their applicable representative(s)) agree effective upon such payment in full to provide from time to time on request of the Acquired Group members (or their designee) such Lien releases as are necessary or desirable to evidence the discharge, release and termination in full of all Liens related to such Indebtedness, including appropriate UCC termination statements and intellectual property security releases. For the avoidance of doubt, the foregoing shall include the forms C6 in respect of any Liens securing the obligations under the Seller Credit Documents that are registered against any member of the Acquired Group in the Irish Companies Registration Office.
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Debt Releases means collectively the releases of Finova and the Bank in respect of the Finova Debt and the Bank Debt in substantially the form, respectively, of the draft releases attached hereto as Schedule 1.1(q)1 and 2;
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Examples of Debt Releases in a sentence

  • At Closing, Purchaser shall use its best efforts to deliver to Ocelot and the Subordinated Debtholders such consents, terminations, certificates, instruments, releases or other documents as Ocelot and the Subordinated Debtholders may reasonably deem necessary or advisable in order to allow Ocelot to pay such Subordinated Indebtedness without violating the terms of the agreements with Bank of America, N.A., as Agent as set forth on Schedule 5.13 hereto (the "Subordinated Debt Releases").

  • The Selling Parties shall have delivered the Debt Releases to Purchaser, and all security interests or Liens on the Assets shall be released in full.

  • Covenants of Buyer 30 (a) Confidentiality 30 (b) No Representations or Warranties 31 (c) Retention of Records 31 (d) Debt Releases 31 8.

  • Contributor shall use commercially reasonable efforts to procure the Debt Releases prior to the applicable Closing and to include pre-approval of such Debt Releases in the relevant Permitted Debt Loan Documents (as hereinafter defined).

  • The Assets shall be free and clear of all Encumbrances (other than Permitted Encumbrances), and all notices required to have been given and releases required to be obtained by Seller permitting the assumption by or assignment to Buyer or one of its Affiliates as designated by Buyer of the Assets free and clear of all Encumbrances (other than Permitted Encumbrances) shall have been given and obtained by Seller (and copies thereof shall have been provided to Buyer), including the Debt Releases.

  • BORROWER: ACR GROUP, INC., a Texas corporation By: ------------------------------ Alex Xxxxxxx, Xx., President BORROWER SUBSIDIARIES ACR SUPPLY, INC., a Texas corporation By: ------------------------------ Name: ---------------------------- Title: --------------------------- TOTAL SUPPLY, INC.


More Definitions of Debt Releases

Debt Releases means the requirement for the Seller to arrange to have Laminar and its subsidiaries released as borrowers, guarantors and/or obligors under the (x) indebtedness set forth on Schedule 1.1(c)(x) (Payoff Indebtedness) to the Laminar Acquisition Agreement as in effect on October 31, 2022 and (y) intercompany balances required to be eliminated pursuant to Section 6.10 of the Laminar Acquisition Agreement as in effect on October 31, 2022, and to release and terminate any and all liens on the assets of Laminar and its subsidiaries with respect to such indebtedness and/or intercompany balances.
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Debt Releases shall have the meaning set forth in Section 6.7.
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Related to Debt Releases

  • Second Lien Indenture has the meaning set forth in the recitals.

  • Second Lien Security Documents means any and all security agreements, pledge agreements, mortgages and other agreements and documents pursuant to which any Liens are granted to secure any Indebtedness or other obligations in respect of the Second Lien Notes.

  • Second Lien Notes has the meaning set forth in the recitals hereto.

  • First Lien Security Documents means the Security Documents and any other agreement, document or instrument pursuant to which a lien is granted or purported to be granted securing First Lien Obligations or under which rights or remedies with respect to such liens are governed, in each case to the extent relating to the collateral securing the First Lien Obligations.

  • First Lien Notes means the 8.000% first lien secured notes due April 1, 2027, issued by Frontier pursuant to the First Lien Notes Indenture.

  • Subordinated Debt Documents means any agreement, indenture and instrument pursuant to which any Subordinated Debt is issued, in each case as amended to the extent permitted under the Loan Documents.

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