Dutch Parallel Debt means, in relation to an Underlying Debt, an obligation to pay the Collateral Agent an amount equal to (and in the same currency as) the amount of that Underlying Debt.
Dutch Parallel Debt has the meaning given in Section 12.18(a).
Dutch Parallel Debt means, with respect to any Loan Party and in any given currency at any given time, an amount equal to the aggregate amount of such Loan Party’s Underlying Debt Obligations at such time expressed in the currency thereof.
Examples of Dutch Parallel Debt in a sentence
Each Dutch Parallel Debt will become due and payable at the same time as the corresponding Dutch Underlying Debt becomes due and payable.
More Definitions of Dutch Parallel Debt
Dutch Parallel Debt has the meaning given to it in clause 16.2 (Parallel Debt) of the Framework Agreement.
Dutch Parallel Debt has the meaning assigned to such term in Article VIII.
Dutch Parallel Debt has the meaning assigned to such term in the Loan Guaranty.
Dutch Parallel Debt as defined in the Netherlands Pledge Agreement.
Dutch Parallel Debt means, in relation to any of the NL Obligors, an amount equal to the aggregate of that NL Obligor’s Corresponding Debts at that time.
Dutch Parallel Debt is defined in Section 10.15 hereof.