Substituted Debtor definition

Substituted Debtor means any directly or indirectly wholly owned subsidiary of the Issuer which replaces or substitutes the Issuer as principal debtor in respect of the Covered Bonds and the relative Coupons subject to and in accordance with Condition 17 (Substitution of the Issuer).

Substituted Debtor has the meaning specified in Article 5. “Suspended Covenants” has the meaning specified in Section 4.23. “Suspension Date” has the meaning specified in Section 4.23. “Suspension Period” has the meaning specified in Section 4.23. “Taxing Jurisdiction” has the meaning specified in Section 4.10.

Substituted Debtor has the meaning specified in Section 801.

Examples of Substituted Debtor in a sentence

• Upon the execution of the Issuer Substitution Documents as referred to in paragraph (i) above, the Issuer and the Substituted Debtor will not be subject to the provisions of the covenant described above under Section 4.24.

• Upon the execution of the Issuer Substitution Documents as referred to in paragraph (i) above, the Substituted Debtor shall be deemed to be named in the Notes as the principal Debtor in place of the Issuer (or of any previous substitute under these provisions) and the Notes shall thereupon be deemed to be amended to give effect to the substitution.

• The Substituted Debtor and the Issuer shall acknowledge in the Documents the right of every Noteholder to production of the Documents for the enforcement of any of the Notes or the Documents.

• Upon execution of the Documents as referred to in paragraph 13.1 above, the Substituted Debtor shall be deemed to be named in the Notes as the principal debtor in place of the Issuer (or of any previous substitute under these provisions) and the Notes shall thereupon be deemed to be amended to give effect to the substitution.

• Not less than 15 business days after execution of the Documents, the Substituted Debtor shall give notice thereof to the Noteholders in accordance with Condition 14.

More Definitions of Substituted Debtor

Substituted Debtor has the meaning set forth under Section 12.01 hereof.

Substituted Debtor has the meaning specified in Article 5. “Suspended Covenants” has the meaning specified in Section 4.23.

Substituted Debtor has the meaning ascribed thereto in Condition 17(a).

Substituted Debtor has the meaning set forth under Section 12.01 hereof. “Surviving Entity” has the meaning set forth under Section 5.02 hereof. “Taxes” has the meaning set forth under Section 4.05 hereof.

Substituted Debtor means a directly or indirectly wholly owned subsidiary of the Issuer;

Substituted Debtor has the meaning set forth for such term in Section 10.01.

Substituted Debtor has the meaning specified in Section 801. “Trust Indenture Act” means the Trust Indenture Act of 1939, as amended, or any successor thereto, in each case, as amended from time to time. “Trustee” means the Person named as the “Trustee” in the first paragraph of this instrument until a successor Trustee shall have become such with respect to one or more series of Securities pursuant to the applicable provisions of this Indenture, and thereafter “Trustee” shall mean each Person who is then a Trustee hereunder; provided, however, that if at any time there is more than one such Person, “Trustee” shall mean each such Person and as used with respect to the Securities of any series shall mean the Trustee with respect to the Securities of such series. “United States,” means the United States of America (including the states thereof and the District of Columbia), its territories, its possessions and other areas subject to its jurisdiction; and the term “United States of America” means the United States of America. 10 “Vice President,” when used with respect to Holdings, the Limited Guarantor or the Trustee, means any vice president, whether or not designated by a number or a word or words added before or after the title “Vice President.” “Voting Stock” means, with respect to any Person, any class or series of capital stock of, or other equity interests in, such Person the holders of which are ordinarily, in the absence of contingencies, entitled to vote for the election of, or to appoint or to approve the appointment of, the directors, trustees or managing members of, or other persons holding similar positions with, such Person. Section 102.