Retained Debt definition

Retained Debt means the indebtedness of the Corporation that relates to and is secured by a charge of certain real property of the Corporation to be beneficially transferred, assigned, conveyed and set over by the Corporation to the Partnership pursuant to the Master Asset Contribution Agreement, which indebtedness will not be assumed by the Partnership on such transfer, assignment, conveyance and set over and will remain indebtedness of the Corporation in respect of which the Corporation is and will remain the primary obligor to make principal, interest and other payments in respect of such indebtedness as such amounts become due and payable, as set out more particularly therein;

Retained Debt means those mortgages on certain of the properties acquired by the REIT from Melcor that have been retained by Melcor.

Retained Debt means the US1,000,000.00 payable by Quotient to FinanceCo under, or in respect of, certain senior secured notes issued by Quotient pursuant to an indenture, dated 14 October 2016 (as amended, restated, amended and restated, supplemented, or otherwise modified from time to time) by and among the Issuer, the guarantors party thereto, and U.S. Bank Trust Company, National Association, as trustee.

Examples of Retained Debt in a sentence

• On the Closing Date (and concurrently with the transactions described in Sections 1.2, 1.3 and 1.4, and the cancellation of indebtedness described in Section 1.5), Issuer Co shall evidence the Retained Debt by issuing (and upon written instruction of Issuer Co, the Trustee shall authenticate) a single, certificated, unsecured note held in the name of Finance Co in the amount of $1,000,000.

• On the Merger Date, the Holder of the Retained Debt shall receive the treatment set forth in Section 4 of the Implementation Plan.

• Immediately following the transactions contemplated by Sections 1.2, 1.3 and 1.4, Issuer Co shall cancel and extinguish the entire amount of Convertible Notes Receivable and the Secured Notes Receivable (other than the Retained Debt), and each of the Parties hereto shall take all such actions reasonably necessary or desirable to evidence such cancellation and extinguishment.

• On the Closing Date (and immediately following the transactions described in Sections 1.2, 1.3 and 1.4, the cancellation of indebtedness described in Section 1.5, and the certification of the Retained Debt described in Section 1.6), Finance Co, as the sole owner of all outstanding Senior Secured Notes, shall consent to the entry into the tenth supplemental indenture to the indenture governing the Senior Secured Notes (in the form attached hereto as Exhibit G).

• Each holder of an Allowed GGP TRS Retained Debt Claim is conclusively presumed to have accepted the Plan and is not entitled to vote to accept or reject the Plan.

More Definitions of Retained Debt

Retained Debt means $1,000,000 of Senior Secured Notes, which, after the occurrence of the Effective Date, shall be: (a) unsecured; (b) certificated; and (c) held by Finance Co pursuant to the transactions contemplated by the Implementation Plan.

Retained Debt. The Debt of Hilton and its Subsidiaries which is to be retained by Hilton and/or the Retained Business Group Subsidiaries in connection with the Distribution, as determined pursuant to Section 2.08.

Retained Debt shall have the meaning set forth in the Operating Agreement.

Retained Debt means all obligations for borrowed money or indebtedness owed by any Seller to any Person.

Retained Debt means those mortgages on certain of the Initial Properties that have been retained by Melcor.

Retained Debt means those mortgages on certain of the Initial Canadian IPO Properties that have been retained by Morguard.

Retained Debt means certain indebtedness secured by a charge on certain of the Initial Properties that was retained by MPI and not assumed by the Partnership on the closing of the Partnership’s acquisition of the Initial Properties, as such indebtedness may be renewed or refinanced by MPI from time to time, all as more particularly described under “Indebtedness - Retained Debt – Class C LP Units”;