Purchased Debt definition

Purchased Debt means a Debt purchased by the Lender from the Borrower under the Facility pursuant to the Letter of Offer; and
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Purchased Debt shall have the meaning ascribed to it in the Introduction of this Agreement.
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Purchased Debt refers to the Third-Party Debt acquired by the Purchaser from the Creditor.
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Examples of Purchased Debt in a sentence

  • This insight, spelled out in detail by Jayatilaka, Hanna, and Boffey, opens up exciting new possibilities for studying medieval texts which many of the chapters introduce into their analyses.

  • If a Security Interest has been granted by you to NAB over any Purchased Debt, to the extent necessary to allow any assignment under this clause 4 (offer and acceptance), that Security Interest is automatically released.

  • Operating earnings (EBIT) for Purchased Debt were 3.6 percent higher for the full-year than in 2008.

  • NAB’s right, title and interest in that Purchased Debt is extinguished on the appropriation of the Extinguishment Price from the Retention Reserve.

  • You acknowledge that if a Purchased Debt becomes a Recourse Debt, NAB retains its interest in that Debt notwithstanding that NAB may elect to hold 100% of the relevant Debt Amount in the Retention Reserve in accordance with clause 6(b).


More Definitions of Purchased Debt

Purchased Debt means a Debt which has been Assigned to the Bank pursuant to this Agreement or a Debt purported to be Assigned to the Bank pursuant to this Agreement but which Assignment was ineffective for any reason;
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Purchased Debt means the Indebtedness under the Existing Credit Facilities purchased by the Lenders.
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Purchased Debt shall have the meaning specified in the recitals hereto.
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Purchased Debt has the meaning given to it in the Caspian SPA.
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Purchased Debt means the sum of Five Hundred and Ninety-One Thousand, One Hundred and Nine Dollars and Ninety Cents ($591,109.90), which constitutes all of the debt owed by the Company to the Vendors and all of which is to be purchased by Stake hereunder;
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Purchased Debt as defined in Section 6.11(g).
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Purchased Debt means 80.1% of the Intercompany Debt.
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