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.
Debt Releases shall have the meaning set forth in Section 6.7.
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.

Examples of Debt Releases in a sentence

  • 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.

  • 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").

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

  • Holdco or any of its Affiliates shall have received the Debt Releases, if any.

  • With respect to juvenile hearing procedures, the Rule of Juvenile Proceedings provides that, at the beginning of the proceedings of the commitment to a juvenile classification home or of the initial hearing, a juvenile shall be informed of the charges brought against him/her (arts.

  • 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.


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.
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;

Related to Debt Releases

  • Debt Repayment means the repayment, prepayment, repurchase or defeasance of the Indebtedness of the Borrower under the Indebtedness that is identified on Schedule 1.1(g) to the Original Credit Agreement and that is repaid, prepaid, repurchased or defeased on the Original Closing Date (or such later date as may be necessary to effect the Debt Repayment in accordance with the tender offers therefor).

  • Class Debt Representatives has the meaning assigned to such term in Section 8.09.

  • Second Lien Notes Documents means the Second Lien Notes, the Second Lien Notes Indenture, the Second Lien Notes Security Documents and all other documents executed and delivered with respect to the Second Lien Notes or Second Lien Notes Indenture, as in effect on the Effective Date and as the same may be amended, modified and/or supplemented from time to time in accordance with the terms hereof and thereof.

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

  • Subordinated Indebtedness Documents means any document, agreement or instrument evidencing any Subordinated Indebtedness or entered into in connection with any Subordinated Indebtedness.

  • Debt Representative means, with respect to any series of Indebtedness, the trustee, administrative agent, collateral agent, security agent or similar agent or representative under the indenture or agreement pursuant to which such Indebtedness is issued, incurred or otherwise obtained, as the case may be, and each of their successors in such capacities.

  • Second Priority Debt Parties means the Initial Second Priority Debt Parties and, with respect to any series, issue or class of Second Priority Debt, the holders of such Indebtedness, the Representative with respect thereto, any trustee or agent therefor under any related Second Priority Debt Documents and the beneficiaries of each indemnification obligation undertaken by the Borrower or any other Grantor under any related Second Priority Debt Documents.

  • Second Priority Documents means each Second Priority Agreement, each Second Priority Security Document and each Second Priority Guarantee.

  • Second Lien Indebtedness means the Indebtedness of the Loan Parties owing to the Second Lien Agent and the Second Lien Lenders under the Second Lien Credit Agreement, which Indebtedness is on terms and conditions reasonably acceptable to the Collateral Agent.

  • Collateral Security Documents Any document or instrument given to secure or guaranty the Mortgage Loan, including without limitation, the Mortgage, each as amended, supplemented, assigned, extended or otherwise modified from time to time.

  • Secured Debt Representative means each Parity Lien Representative and each Priority Lien Representative.

  • Second Lien Security Documents means the “Security Documents”, as defined in the Second Lien Credit Agreement, and any other agreement, document or instrument pursuant to which a Lien is granted to secure any Second Lien Obligations or under which rights or remedies with respect to any such Lien are governed.

  • Collateral Release Date has the meaning given that term in Section 8.10.(b).

  • Second Priority Debt Documents means the Initial Second Priority Debt Documents and, with respect to any series, issue or class of Second Priority Debt, the promissory notes, indentures, Collateral Documents or other operative agreements evidencing or governing such Indebtedness, including the Second Priority Collateral Documents.

  • Class Debt Parties has the meaning assigned to such term in Section 8.09.

  • Additional Senior Debt Parties means, with respect to any series, issue or class of Additional Senior Debt, the holders of such Indebtedness, the Representative with respect thereto, any trustee or agent therefor under any related Additional Senior Debt Documents and the beneficiaries of each indemnification obligation undertaken by the Borrower or any Guarantor under any related Additional Senior Debt Documents.

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

  • Note Agreements means, collectively, the 2011 Note Agreement and the 2014 Note Agreement.

  • Secured Debt Agreements means and include this Agreement, the other Credit Documents and the Interest Rate Protection Agreements and Other Hedging Agreements.

  • First Lien Indebtedness means Consolidated Total Indebtedness that is secured by a Lien on the Collateral, except by a Lien that is junior to the Liens on the Collateral securing the First Lien Obligations.

  • First Lien Security Documents means, collectively, (i) the Credit Agreement Collateral Documents and (ii) the Additional First-Lien Security Documents.

  • Senior Class Debt Representative has the meaning assigned to such term in Section 8.09.

  • Guaranty Agreements means and includes the Guarantee of the Loan Parties provided for in Section 11, and any other guaranty agreement executed and delivered in order to guarantee the Obligations or any part thereof in form and substance reasonably acceptable to the Administrative Agent.

  • Existing Liens means Liens on the property or assets of the Company and/or any of its Subsidiaries existing on the date of this Indenture securing Indebtedness of the Company or any of its Subsidiaries (other than Liens incurred pursuant to clause (1) of Section 4.07 hereof).

  • Additional Senior Debt Documents means, with respect to any series, issue or class of Additional Senior Debt, the promissory notes, indentures, Collateral Documents or other operative agreements evidencing or governing such Indebtedness, including the Senior Collateral Documents.

  • 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.