Debt Settlement Agreement definition

Debt Settlement Agreement means the debt settlement agreement dated as of February 10th, 2009 between the Borrower and the Lender attached as Schedule “B” hereto;
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Debt Settlement Agreement means the debt settlement agreement dated March 30, 2001 among the Debt Holders and the Corporation, pursuant to which the Corporation agreed, subject to satisfaction of certain conditions, to issue an aggregate of 1,200,000 Common Shares, each at a deemed price of $0.15 per Common Share, in order to extinguish outstanding debts in the aggregate principal amount of $180,000 currently owing to the Debt Holders;
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Debt Settlement Agreement is made in the Province of British Columbia and shall be subject to the laws of the Province of British Columbia and the laws of Canada applicable within.
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Examples of Debt Settlement Agreement in a sentence

  • The term “Note” and all reference thereto, as used throughout this instrument, shall mean this instrument (and the other Notes issued pursuant to the Debt Settlement Agreement) as originally executed, or if later amended or supplemented, then as so amended or supplemented.

  • The Borrower breaches any material covenant or other material term or condition contained in this Note and any collateral documents including but not limited to the Debt Settlement Agreement and such breach continues for a period of ten (10) days after written notice thereof to the Borrower from the Holder.

  • In the event that the Borrower proposes to replace its transfer agent, the Borrower fails to provide, prior to the effective date of such replacement, a fully executed Irrevocable Transfer Agent Instructions in a form as initially delivered pursuant to the Debt Settlement Agreement (including but not limited to the provision to irrevocably reserve shares of Common Stock in the Reserved Amount) signed by the successor transfer agent to Borrower and the Borrower.

  • By its acceptance of this Note, each party agrees to be bound by the applicable terms of the Debt Settlement Agreement.

  • Any representation or warranty of the Borrower made herein or in any agreement, statement or certificate given in writing pursuant hereto or in connection herewith (including, without limitation, the Debt Settlement Agreement), shall be false or misleading in any material respect when made and the breach of which has (or with the passage of time will have) a material adverse effect on the rights of the Holder with respect to this Note or the Debt Settlement Agreement.

  • Nationally and internationally respected researchers regularly contribute to the programme as visiting speakers presenting on specialist subjects which further enriches the content of the programme.It is expected that all students on this course will have a substantive clinical post.

  • The Borrower covenants that during the period theconversion right exists, the Borrower will reserve from its authorized and unissued CommonStock a sufficient number of shares, free from preemptive rights, to provide for the issuance of Common Stock upon the full conversion of this Note issued pursuant to the Debt Settlement Agreement.

  • The Borrower is required at all times to have authorized and reserved two times the number of shares that is actually issuable upon full conversion of the Note (based on the Conversion Price of the Notes in effect from time to time)(the “Reserved Amount”).The Reserved Amount shall be increased from time to time in accordance with the Borrower’s obligations pursuant to Section 4(g) of the Debt Settlement Agreement.

  • The restatement of any financial statements filed by the Borrower with the SEC for any date or period from two years prior to the Issue Date of this Note and until this Note is no longer outstanding, if the result of such restatement would, by comparison to the unrestated financial statement, have constituted a material adverse effect on the rights of the Holder with respect to this Note or the Debt Settlement Agreement.

  • On March 30, 2016, the Company entered into a Debt Settlement Agreement with Linx and Mr. Lee pursuant to which, the Company agreed, subject to TSX and shareholder approval, which was obtained at the Annual General Meeting on June 2, 2016 to issue 750,000 units to Mr. Lee, in satisfaction of $1,500,000 of indebtedness owed by the Company to Linx under the Credit Facility.


More Definitions of Debt Settlement Agreement

Debt Settlement Agreement has the meaning ascribed thereto in the recitals;
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Debt Settlement Agreement means the agreement dated August 8, 2013 between the Corporation, GWTI and 1210706 Alberta Ltd. pursuant to which 1210706 Alberta Ltd., a related party to the Corporation, has agreed to settle a debt of $600,000 owed to it by the Corporation by the issuance of 1,200,000 shares at a deemed price equal to the Offering Price.
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Debt Settlement Agreement means the debt settlement agreement dated as of the date hereof between Meryllion and the Debt Settlement Creditors;
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Related to Debt Settlement Agreement

  • Master Settlement Agreement means the settlement agreement and related documents entered into on November 23, 1998, by the state and leading United States tobacco product manufacturers.

  • Structured settlement agreement means the agreement, judgment, stipulation, or release embodying the terms of a structured settlement.

  • Settlement Agreements means any settlement reached in the U.S. Litigation with any of the Settling Defendants.

  • Calculation Agent Agreement means the Calculation Agent Agreement dated as of May 18, 2018 between the Company and the Calculation Agent, as amended from time to time.

  • Redemption Agreement has the meaning set forth in the Recitals.

  • Repayment Agreement means an agreement

  • Amendment Agreement shall have the meaning assigned to such term in the recitals hereto.

  • Payment Agreement means a written agreement which provides

  • Call-Off Agreement means a legally binding agreement (entered into pursuant to the provisions of the Framework Agreement) for the provision of the Goods and/or Services made between a Contracting Body and the Supplier pursuant to Framework Schedule 5 (Call Off Procedure);

  • Put Agreement means an agreement dated as of August 13, 2008, as amended, among the Company, OT LLC and Rio Tinto Alcan.

  • Net Settlement Amount means the Gross Settlement Amount, less the following payments in the amounts approved by the Court: Individual PAGA Payments, the LWDA PAGA Payment, Class Representative Service Payment, Class Counsel Fees Payment, Class Counsel Litigation Expenses Payment, and the Administration Expenses Payment. The remainder is to be paid to Participating Class Members as Individual Class Payments.

  • Energy Settlement Area means the bus or distribution of busses that represents the physical location of Network Load and by which the obligations of the Network Customer to PJM are settled.

  • Conversion Agreement shall have the meaning set forth in the Recitals.

  • Viatical settlement contract or “contract” means a written agreement entered into between a provider and a viator in which the provider will pay consideration that is less than the expected death benefit of the viator's policy in return for the viator's assignment, transfer, sale, devise, or bequest of the death benefit or ownership of the policy to the provider.

  • PJM Settlement or “PJM Settlement, Inc.” shall mean PJM Settlement, Inc. (or its successor), established by PJM as set forth in Operating Agreement, section 3.3. “PJM Tariff,” “Tariff,” “O.A.T.T.,” “OATT,” or “PJM Open Access Transmission Tariff” shall mean that certain PJM Open Access Transmission Tariff, including any schedules, appendices or exhibits attached thereto, on file with FERC and as amended from time to time thereafter.

  • Replacement Agreement means an agreement entered into as a replacement for any Relevant Agreement;

  • Auction Agent Agreement means the Initial Auction Agent Agreement unless and until a Substitute Auction Agent Agreement is entered into, after which "Auction Agent Agreement" shall mean such Substitute Auction Agent Agreement.

  • Master Transaction Agreement has the meaning set forth in the recitals.

  • Mandatory Settlement Date means the earliest of:

  • Restructuring Support Agreement has the meaning set forth in the Recitals.

  • Purchase Contract Settlement Date means _____________.

  • Disbursement Agreement means the Master Disbursement Agreement, dated as of the Closing Date, by and among the Administrative Agent, the Bank Facilities Administrative Agent, the Disbursement Agent, the Borrowers and LCR, in substantially the form of Exhibit D-3 hereto, as the same may be amended, supplemented, amended and restated, or otherwise modified in accordance with the terms hereof and thereof.

  • Arrangement Agreement has the meaning ascribed thereto in the recitals hereof;

  • First Settlement Date means the date set forth in footnote 3 under "Summary of Essential Financial Information" in the Prospectus Part I for a Trust.

  • Original Financing Agreement means the development credit agreement for a Social Investment Program Project between the Recipient and the Association, dated April 7, 2003, as amended to the date of this Agreement (Credit No. 3740-BD).

  • Gross Settlement Amount means $2,300,000 which is the total amount Defendant agrees to pay under the Settlement. The Gross Settlement Amount will be used to pay Individual Class Payments, Individual PAGA Payments, LWDA PAGA Payment, Class Counsel Fees Payment, Class Counsel Litigation Expenses Payment, Class Representative Service Payment, and Administration Expenses Payment.