General Debt Restructuring definition

General Debt Restructuring means any rescheduling, restructuring or re-organisation of the indebtedness (or of any class of the indebtedness) of any Obligor which satisfies the following tests:
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General Debt Restructuring means debt restructuring whereby Specialized Financial Institutions have incurred no loss, for example, the reduction of financial income1 to debtor according to respond to the market situation or to maintain relationship with debtors, or to extend the repayment period by granting a grace period whereby the debtor still pays financial income at the original contractual interest rate and the Islamic Bank of Thailand has analyzed the matter and expected to receive principal and financial income in full under the original loan contract.
Sample 1
General Debt Restructuring means any rescheduling or reorganisation of the indebtedness (or any class of the indebtedness) of a Recourse Party, including (without limitation) by way of novation, release payment, refinancing or assumption of obligations by third parties which satisfies the following test:
Sample 1

Examples of General Debt Restructuring in a sentence

  • Subject as provided herein, the Grantor may participate in any agreement in connection with a General Debt Restructuring and which relates to any principal of, Interest on or fees in respect of, any Participated Tranche or Facility B Loan.

  • The Participant will bear the risk of any General Debt Restructuring in relation to the Participation.

  • The Grantor may, in connection with any General Debt Restructuring, apply for or accept any note, debenture or other instrument whether debt, equity or otherwise issued or proposed to be issued by an Obligor or any other person in respect of any Participated Tranche or Facility B Loan or any part thereof, or any Interest, commission or fees payable in respect of any Participated Tranche or Facility B Loan or any part thereof.


More Definitions of General Debt Restructuring

General Debt Restructuring means any rescheduling or reorganisation of the indebtedness (or any class of the indebtedness) of a Recourse Party, including (without limitation) by way of novation, release payment, refinancing or assumption of obligations by third parties which satisfies the following test: the holders of more than half of the indebtedness (or of any class of the indebtedness, if applicable) participate in or agree to the same; and the same arises in relation to any actual or purported insolvency, payments difficulty, moratorium (unilaterally declared or otherwise), exchange control or transfer restrictions, withholding of foreign currency payments or similar circumstance.
Sample 1
General Debt Restructuring means debt restructuring whereby Specialized Financial Institutions have incurred no loss, for example, the reduction of interest rate to debtor according to respond to the market situation or to maintain relationship with debtors, or to extend the repayment period by granting a grace period whereby the debtor still pays interest at the original contractual interest rate and Specialized Financial Institutions have analyzed the matter and expected to receive principal and interest payment in full under the original loan contract.
Sample 1

Related to General Debt Restructuring

  • Consolidated First Lien Secured Debt means Consolidated Total Debt as of such date that is not Subordinated Indebtedness and is secured by a Lien on all of the Collateral that ranks on an equal priority basis (but without regard to the control of remedies) with Liens on all of the Collateral securing the Obligations.

  • Equity Restructuring means a nonreciprocal transaction between the Company and its stockholders, such as a stock dividend, stock split, spin-off, rights offering or recapitalization through a large, nonrecurring cash dividend, that affects the number or kind of Shares (or other securities of the Company) or the share price of Common Stock (or other securities) and causes a change in the per-share value of the Common Stock underlying outstanding Awards.

  • Restructuring has the meaning set forth in the Recitals.

  • Permitted Junior Priority Refinancing Debt means secured Indebtedness Incurred by any Credit Party in the form of one or more series of junior lien secured notes, bonds or debentures or junior lien secured loans; provided that (a) such Indebtedness is secured by Liens on all or a portion of the Collateral on a junior priority basis to the Liens on the Collateral securing the Obligations and any other First Lien Obligations and is not secured by any property or assets of Holdings, the Borrower or any Restricted Subsidiary other than the Collateral, (b) such Indebtedness satisfies the applicable requirements set forth in the provisos in the definition of “Credit Agreement Refinancing Indebtedness” (provided that such Indebtedness may be secured by a Lien on the Collateral that ranks junior in priority to the Liens on the Collateral securing the Obligations and any other First Lien Obligations, notwithstanding any provision to the contrary contained in the definition of “Credit Agreement Refinancing Indebtedness”), (c) the holders of such Indebtedness (or their representative) and the Collateral Agent shall become parties to a Customary Intercreditor Agreement described in clause (b) of the definition thereof providing that the Liens on the Collateral securing such obligations shall rank junior in priority to the Liens on the Collateral securing the Obligations, and (d) such Indebtedness is not at any time guaranteed by any Person other than Persons that are Guarantors.

  • Co-financing means the financing referred to in Section 7.02 (h) and specified in the Loan Agreement provided or to be provided for the Project by the Co-financier. If the Loan Agreement specifies more than one such financing, “Co-financing” refers separately to each of such financings.