Assigned Debt definition

Assigned Debt means any loan made by the Parent to the Intermediate Parent or by the Intermediate Parent to the Borrower where the lender's rights in respect of any such loan have been assigned to the Security Trustee pursuant to the Inter-Company Loan Assignment.

Assigned Debt means any loan made by the Parent to any other member of the UK Group, where on and after the Pushdown Date the Parent's rights in respect of any such loan which is outstanding on or after the Pushdown Date have been assigned to the Security Trustee pursuant to the Parent Intra-Group Loan Assignment (but without prejudice to the ability to make or repay such a loan prior to the Pushdown Date).

Assigned Debt is defined in Section 7.3(c).

Examples of Assigned Debt in a sentence

• For illustrative purpose, having taken into account of the interests accrued in the debts to the Creditors as at 30 June 2024, the latest rate of recovery to the Creditors is estimated to be around 33.00% and thus, the recovery amount of the Assigned Debt will be in the amount of HK$12.83 million as at 30 June 2024.

• The Company is in the process of executing the debt restructuring under the Proposed Restructuring and is considered to be impracticable for it to settle the full outstanding amount of the Assigned Debt to Xx. Xxx.

• In respect of the Assigned Shares and the Assigned Debt Due to the Assignment, Xx. Xxx had replaced Maxx Capital as the ultimate beneficial owner of the Assigned Shares and the creditor of the Company as the beneficial owner of the Assigned Debt which was arise from the HK$25 million settlement amount due by the Company to Maxx Capital under the 2022 Settlement Deed.

• Having understood that a full recovery of the Assigned Debt from the Company will be unlikely and with the aim for more returns in the long run, Xx. Xxx was willing to accept a discount given that he had also enjoyed a discount in his consideration to Maxx Capital under the Transfer Agreement.

• The Assigned Debt, based on the Company’s calculation, including interests, is amounted to be approximately HK$39.17 million as at 30 June 2024.

More Definitions of Assigned Debt

Assigned Debt means a claim or judgment where the right to collect the debt has been assigned by the creditor to another person or entity.

Assigned Debt means the principal amount of all Indebtedness outstanding under the Existing Credit Agreement on the Restatement Date, immediately after giving effect to the transactions contemplated hereby, to the extent that (i) such debt is held at such time by an Exiting Lender and (ii) such Exiting Lender shall have agreed to assign such Indebtedness to the Lenders hereunder pursuant to Schedule 1.4. Assignee -- see subsection 11.8(a). Assignment and Acceptance -- see subsection 11.8(a).

Assigned Debt means the sum of—

Assigned Debt means a Debt you assign to us under these Terms and Conditions or if it cannot be assigned, a Debt over which we have a Security Interest under these Terms and Conditions.

Assigned Debt means the principal amount of any Debt outstanding under the Existing Credit Agreement on the Effective Date immediately prior to consummation of the transactions contemplated hereby, to the extent that (i) such Debt is held at such time by a lender under the Existing Credit Agreement that is not a party to this Agreement as a Lender and (ii) such Debt is requested to be assigned to the Lenders hereunder on the Effective Date pursuant to the Assignment Agreement.

Assigned Debt means any debt owed to the Company by virtue of the Company having taken an assignment of the debt from some other person.

Assigned Debt means any loan made by the Parent to any other member of the UK Group, where the Parent's rights in respect of any such loan have been assigned to the Security Trustee and the Second Security Trustee pursuant to the Parent Intra-Group Loan Assignment and the Second Parent Intra-Group Loan Assignment.