German Parallel Debt definition

German Parallel Debt as defined in Section 10.32.
Sample 1Sample 2Sample 3
German Parallel Debt has the meaning given to it in clause 16 (Parallel Debt) of the Framework Agreement.
Sample 1Sample 2Sample 3
German Parallel Debt has the meaning given to it in Sub-Clause 3.2 (Parallel Debt) of the German Parallel Debt Agreement.
Sample 1Sample 2Sample 3

Examples of German Parallel Debt in a sentence

  • The objectives of cooperation in fisheries and aquaculture are to: (a) strengthen the research and productive capacities for the development of seedstock and processing of hydro-biological fisheries and aquacultural species, with the aim of increasing direct human consumption; and (b) facilitate information exchange and the conservation of natural resources under the approach of responsible fishing.

  • In cases of discharge, suspension or reprimand, evidence by the Employer at any stage of the grievance or Arbitration procedure shall be limited to the grounds stated in the discharge, suspension or reprimand notice to the employee.

  • A resignation as referred to in this Section 8.09 shall not affect the rights of the Collateral Agent pursuant to the Parallel Debt and the German Parallel Debt and the Collateral Agent shall continue to hold such rights until the effective assignment thereof by the Collateral Agent to a successor agent.

  • The Liens granted under this Agreement and the Collateral Documents to the Administrative Agent to secure the German Parallel Debt are granted to the Administrative Agent in its capacity as creditor of the German Parallel Debt and shall not be held on trust.

  • The Collateral Agent will reasonably cooperate in assigning its rights under the Parallel Debt and the German Parallel Debt to any such successor agent and will reasonably cooperate in transferring all rights under the Security Documents to such successor agent.

  • Except as expressly provided in the previous sentence, and without limiting or affecting the German Parallel Debt Agreement, each of the Lenders (in its capacities as a Lender, Swing Line Lender (if applicable) and a L/C Issuer (if applicable)) hereby irrevocably appoints and authorizes the Administrative Agent to act as security agent (“Security Agent”) under and in connection with the Collateral Documents governed by German law and this Agreement.

  • Any Lien granted under the Security Documents to the Collateral Agent to secure a German Parallel Debt is granted to the Collateral Agent in its capacity as creditor of that German Parallel Debt and shall not be held on trust.

  • The German Parallel Debt may be enforced separately from the claims in respect of the Corresponding European Obligations.

  • The German Parallel Debt shall remain effective in case a third person should assume or be entitled, partially or in whole, to any rights of any of the Lenders under any of the other Loan Documents, be it by virtue of assignment, novation or otherwise.

  • Receipt by the Administrative Agent of executed counterparts of this Agreement and the other Loan Documents (other than the German Share Pledge Agreement and the German Parallel Debt Agreement, both of which are subject to Section 6.19(a)), each properly executed by a Responsible Officer of the signing Loan Party and, in the case of this Agreement, by each Lender.


More Definitions of German Parallel Debt

German Parallel Debt shall have the meaning assigned to such in Section 8.15(b).
Sample 1
German Parallel Debt has the meaning given to it in Sub-Clause 3.2 of the German Parallel Debt Agreement. “German Parallel Debt Agreement” means the parallel debt agreement dated the Signing Date and entered into by German FleetCo and the German Security Trustee in order to create a valid security interest under German law. “German Percentage” means, as of any date of determination, a fraction, expressed as a percentage, the numerator of which is the German Note Principal Amount as of such date and the denominator of which is the sum of the Dutch Note Principal Amount, the French Facility Principal Amount, the German Note Principal Amount and the Spanish Note Principal Amount, in each case as of such date. 108 CONFIDENTIAL INFORMATION REDACTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION. OMITTED PORTIONS INDICATED BY [*REDACTED*]. “German Potential Leasing Company Amortization Event” means any occurrence or event that, with the giving of notice, the passage of time or both, would constitute a German Leasing Company Amortization Event. “German Predecessor Administrator Work Product” has the meaning given to it in Sub-Clause 5.4 (Reliance on Prior Work Product) of the German Back-Up Administration Agreement. “German Principal Collections” means any German Collections other than German Interest Collections. “German Priority of Payments” means the priority of payments applicable to the payments owed by German FleetCo under the German Related Documents set out in Sub-Clauses 7.4 (Application of German Interest Collections) and 7.5 (Application of German Principal Collections) of the German Facility Agreement. “German Receivables Assignment Agreement” means the receivables assignment agreement dated on or about the Signing Date entered into between German FleetCo and the German Security Trustee. “German Registrar” means the German Administrator. “German Related Document Actions” has the meaning specified in Sub-Clause 9.23(c) (Actions under the German Related Documents and Manufacturer Programs) of the German Facility Agreement. “German Related Documents” means, collectively, the German Facility Agreement, the German Note Framework Agreement, the German Administration Agreement, the German Back-Up Administration Agreement, the German Liquidation Co-ordination Agreement, the German Security Documents, the German Master Lease, the German Master Fleet Purchase Agreement, the German FleetCo Corporate Services Agreement, the German FleetCo THC Indemnity, the Tax Deed...
Sample 1
German Parallel Debt as defined in Section 10.32. “Governmental Acts” means any act or omission, whether rightful or wrongful, of any present or future de jure or de facto government or Governmental Authority. “Governmental Authority” means any federal, state, provincial, territorial, municipal, national or other government, governmental department, commission, board, bureau, court, agency, organization, central bank, tribunal or instrumentality or political subdivision thereof or any other entity, officer or examiner exercising executive, legislative, judicial, regulatory, governmental (quasi-governmental) or administrative functions of or pertaining to any government or any court or central bank, in each case whether associated with a state of the United States, the United States, a province or territory of Canada, Canada, Barbados, or a foreign entity or government. “Governmental Authorization” means any permit, license, approval, authorization, plan, directive, direction, certificate, accreditation, registration, notice, agreement, consent order or consent decree or other like instrument of, from or required by any Governmental Authority. “Grantor” means Borrower and each of its Subsidiaries, in each case granting a Lien to Collateral Agent to secure any Obligations. “GSLP” as defined in the preamble hereto. “Guarantee” of or by any Person (the “guarantor”) means any obligation, contingent or otherwise, of the guarantor guaranteeing or having the economic effect of guaranteeing any Indebtedness or other obligation of any other Person (the “primary obligor”) in any manner, whether directly or indirectly, and including any obligation of the guarantor, direct or indirect, (a) to purchase or pay (or advance or supply funds for the purchase or payment of) such Indebtedness or other obligation or to purchase (or to advance or supply funds for the purchase of) any security for the payment thereof, (b) to purchase or lease property, securities or services for the purpose of assuring the owner of such Indebtedness or other obligation of the payment thereof, (c) to maintain working capital, equity capital or any other financial statement condition or liquidity of the primary obligor so as to enable the primary obligor to pay such Indebtedness or other obligation or (d) as an account party in respect of any letter of credit or letter of guaranty issued to support such Indebtedness or obligation, provided that the term Guarantee shall not include endorsements for collection or deposit...
Sample 1

Related to German Parallel Debt

  • Parallel Debt has the meaning assigned to such term in Section 9.21.

  • Parallel Obligations means the independent obligations of any of the Grantors arising pursuant to the First Lien Intercreditor Agreement to pay to the Collateral Agent sums equal to the sums owed by such Grantor to the other Secured Parties (or any of them) under the Credit Documents.

  • Foreign Pledge Agreement means a pledge or charge agreement granting a Lien on Equity Interests in a Foreign Subsidiary to secure the Obligations, governed by the law of the jurisdiction of organization of such Foreign Subsidiary and in form and substance reasonably satisfactory to the Administrative Agent.

  • Affiliated Lender Cap has the meaning set forth in Section 10.07(l)(iii).

  • Foreign Pledge Agreements means each pledge agreement, charge or collateral security instrument creating a security interest in the Capital Stock of the Foreign Subsidiary Borrowers and certain other first-tier Foreign Subsidiaries of the Company, in each case, in form and substance reasonably satisfactory to the Administrative Agent, as such agreements may be amended, supplemented or otherwise modified from time to time.

  • Foreign Obligations means Obligations owing by any of the Foreign Borrowers.

  • Borrower Pledge Agreement means the Pledge Agreement of even date herewith executed by Borrower in favor of Agent, on behalf of itself and Lenders, pledging all Stock of its Subsidiaries, if any, and all Intercompany Notes owing to or held by it.

  • Canadian Pledge Agreement means a pledge agreement in a form to be agreed upon, and to be executed in favor of the Canadian Administrative Agent, for the benefit of the holders of the Canadian Borrower Obligations, by the Canadian Borrower and each Canadian Guarantor, as amended or modified from time to time in accordance with the terms hereof.

  • Permitted Holdings Debt has the meaning assigned to such term in Section 6.01(a)(xviii).

  • Second Lien Term Loans means the “Term Loans” under and as defined in the Second Lien Credit Agreement.

  • Canadian Obligations means the Obligations owing by the Canadian Borrower.

  • Additional First Lien Obligations means all amounts owing to any Additional First-Lien Secured Party (including the Initial Additional First-Lien Secured Parties) pursuant to the terms of any Additional First-Lien Document (including the Initial Additional First-Lien Documents), including, without limitation, all amounts in respect of any principal, premium, interest (including any interest accruing subsequent to the commencement of a Bankruptcy Case at the rate provided for in the respective Additional First-Lien Document, whether or not such interest is an allowed claim under any such proceeding or under applicable state, federal or foreign law), penalties, fees, expenses, indemnifications, reimbursements, damages and other liabilities, and guarantees of the foregoing amounts.

  • Term Loan Obligations means the “Obligations” as defined in the Term Loan Credit Agreement.

  • First Lien Term Loans means the “Term Loans” as defined in the First Lien Credit Agreement.

  • Intercompany Indebtedness means Indebtedness of Company or any of its Subsidiaries which is owing to Company or any of its Subsidiaries.

  • Junior Priority Obligations means the Initial Junior Priority Obligations and any Additional Obligations constituting Junior Priority Debt.

  • Financial Debt means a debt along with interest, if any, which is disbursed against the consideration for the time value of money and includes—

  • Public External Indebtedness means any External Indebtedness which is in the form of, or represented by, notes, bonds or other securities which are for the time being quoted, listed or ordinarily dealt in on any stock exchange.

  • Holdings Pledge Agreement means the Pledge Agreement of even date herewith executed by Holdings in favor of Agent, on behalf of itself and Lenders, pledging all Stock of Borrower.

  • Credit Agreement Secured Parties means the “Secured Parties” as defined in the Credit Agreement.

  • Guarantor Subordinated Obligations means, with respect to a Subsidiary Guarantor, any Indebtedness of such Subsidiary Guarantor (whether outstanding on the Issue Date or thereafter Incurred) that is expressly subordinated in right of payment to the obligations of such Subsidiary Guarantor under its Subsidiary Guarantee pursuant to a written agreement.

  • Credit Support Pledge Agreement The Credit Support Pledge Agreement, dated as of November 24, 1998, among the Master Servicer, GMAC Mortgage Corporation, Combined Collateral LLC and The First National Bank of Chicago (now known as Bank One, National Association), as custodian.

  • Subordinated Liabilities means liabilities subordinated to the Borrower's obligations to the Bank in a manner acceptable to the Bank in its sole discretion.

  • U.S. Pledge Agreement means the pledge agreement substantially in the form of Exhibit 1.01C (it being understood that the pledgors party thereto and schedules thereto shall be reasonably satisfactory to the Administrative Agent), given by the Domestic Credit Parties, as pledgors, to the Collateral Agent to secure the Obligations, and any other pledge agreements that may be given by any Person pursuant to the terms hereof, in each case as the same may be amended and modified from time to time.

  • Senior Priority Obligations as defined in the Base Intercreditor Agreement.

  • Additional Second Lien Obligations means, with respect to any Grantor, any obligations of such Grantor owed to any Additional Second Lien Secured Party (or any of its Affiliates) in respect of the Additional Second Lien Documents.