Parallel Debt Agreement means the parallel debt agreement entered into by the CBC, the Security Trustee and the Secured Parties (other than the Covered Bondholders) on the Programme Date.
Parallel Debt Agreement means the agreement entered into between, amongst others, ECL, the Issuer and the Security Agent under which the Issuer has (among others) undertaken to pay the parallel debt to the Security Agent.
Parallel Debt Agreement means that certain Parallel Debt Agreement dated as of the Closing Date between the Collateral Agent (and, pursuant to the powers of attorney granted by the Lenders pursuant to Section 11.20 hereof, each of the Lenders) and FMCAG (and, pursuant to the power of attorney granted to FMCAG by the other Credit Parties pursuant to Section 11.20 hereof, each other Credit Party), or any substantially similar agreement that creates an obligation of the Credit Parties (as debt acknowledgement or abstraktes Schuldanerkenntnis) in favor of the Collateral Agent under this Credit Agreement under the Law of Germany, in each case as amended or modified from time to time.
Examples of Parallel Debt Agreement in a sentence
Subject to Clause 3 of the Parallel Debt Agreement and Clauses 12 and 13 of the Trust Deed, the Insurance Savings Participant shall effect payments under the Savings Insurance Policy and the Savings Investment Insurance Policy, respectively, related to Savings Mortgage Loans and Savings Investment Mortgage Loans, respectively, which are subject to an Insurance Savings Participation, where reasonably possible and to the extent permitted, to the CBC by way of set-off.
More Definitions of Parallel Debt Agreement
Parallel Debt Agreement means the second amended parallel debt agreement originally dated 19 September 2016 entered into between PRA Group Europe Holding S.à r.l. and DNB Bank ASA.
Parallel Debt Agreement means the Parallel Debt Agreement dated the Original Effective Date, among Credit Suisse AG, collateral agent for the French Lenders and collateral agent for the U.S. Lenders (each as defined therein), CGGVeritas Holding B.V. and CGGVeritas Marine B.V.
Parallel Debt Agreement means the second amended parallel debt agreement originally dated 19 September 2016 entered into between PRA Group Europe Holding S.à x.x. and DNB Bank ASA.
Parallel Debt Agreement means the parallel debt agreement entered into between PRA Group Europe Holding S.à x.x. as debtor and DNB Bank ASA as security agent (as amended on or about the date of the Sixth Amendment and Restatement Agreement and as further amended and/or amended and restated from time to time).
Parallel Debt Agreement means the Parallel Debt Agreement dated as of December 8, 2009, among Holdings, Intermediate Holdings, the U.S. Borrower, the Subsidiary Loan Parties and the Collateral Agent, as amended, supplemented or otherwise modified from time to time.
Parallel Debt Agreement means the parallel debt agreement dated the Programme Date entered into by the CBC, the Security Trustee and the Secured Creditors (other than the Covered Bondholders and Achmea Hypotheken as Originator) substantially in the Agreed Form. Partial Portfolio has the meaning ascribed to such term in Clause 6.10 the Asset Monitoring Agreement. Participation Agreements means the Bank Savings Participation Agreement and the Insurance Savings Participation Agreement. Participation Fraction means, in respect of each Savings Mortgage Receivable or Life Mortgage Receivable with a Savings Element which is subject to an Insurance Savings Participation, an amount equal to the net amount received or recovered multiplied by the Insurance Savings Participation divided by the Outstanding Principal Amount of such Savings Mortgage Receivable or Life Mortgage Receivable with a Savings Element, respectively.
Parallel Debt Agreement means that certain Parallel Debt Agreement to be entered into on the Escrow Release Date and from time to time in connection with Parity Lien Debt and /or an ABL Transaction customary form (taking into account all relevant circumstances).