Exchange credit definition

Exchange credit means a singular allotment of value assigned by the department for the removal of an approved eligible advertising device that can be transferred or redeemed by its owner in exchange for future qualification of an electronic advertising device permit.

Exchange credit means, at any given point in time, the sum of: (I) net proceeds from the Purchase Price, including any indebtedness assumed or taken subject to by the purchasing party, less closing costs with regard to the sale of the Relinquished Property and repayment of debt secured by the Relinquished Property and all related obligations thereto, plus (ii) the amount of interest, if any, which has then accrued to Escrow Holder with respect to the Escrow Account. [NUOINTL\AGR:CAK.EXC]

Exchange credit means a singular allotment of value assigned by the

Examples of Exchange credit in a sentence

• On the Issue Date, all of the Company’s Subsidiaries that Guarantee the Company’s obligations under the Exchange Credit Agreement are the Initial Guarantors hereunder.

• The Exchange Credit Facility Agent represents and warrants that this Agreement is binding upon the Exchange Credit Facility Secured Parties.

• The Basic Agreement stipulates that (i) in the Share Exchange, Credit Saison will allocate and deliver 0.13 shares of common stock of Credit Saison for one share of common stock of the Company, and (ii) the Company will become a wholly-owned subsidiary of Credit Saison on August 1, 2009, the effective date of such share exchange.

• Except as expressly provided herein, (a) Alter Domus Products Corp., is acting in the capacity of Exchange Credit Facility Agent solely for the Exchange Credit Facility Secured Parties, (b) Alter Domus Products Corp.

• Non-Allixxx xxxed Cores may be applicable to Exchange Credit or Core Credits as described within the Policy Manual.

• The Restructuring, the Effective Date Transactions (as defined in the Exchange Credit Agreement) and the Senior Note Exchange Transactions (as defined in the Exchange Credit Agreement) shall have been consummated or shall be consummated concurrently herewith.

• Alter Domus Products Corp., as Exchange Credit Facility Agent By: /s/ Xxxxx Xxxx Name: Xxxxx Xxxx Title: Associate Counsel Alter Domus Products Corp., as Existing Credit Facility Agent By: /s/ Xxxxx Xxxx Name: Xxxxx Xxxx Title: Associate Counsel First Lien/Second Lien Intercreditor Agreement – The GEO Group, Inc.

• The assets and liabilities subject of this Second Contribution shall consist of any Tenaris Shares not delivered to the Public Shareholders (the "Remaining Tenaris Shares") and the Exchange Credit.

• The payment by Escrow Holder to Party A of the balance of the Exchange Credit pursuant to this paragraph shall terminate the obligations of Escrow Holder to deliver the Replacement Property to Party A.

• Although the information included in the announcement made by Atrium and Credit Saison of the downward revision to its business results forecasts is not reflected in the past share prices used throughout the calculation of the share exchange ratio in the Share Exchange, Credit Saison and Atrium recognized that using such shares price was appropriate, after considered and reasonable evaluation.