DBTC definition

DBTC as defined in Section 1.6. Debt: as applied to any Person, without duplication, (a) all obligations of such Person for borrowed money or with respect to deposits or advances of any kind received by such Person (excluding deposits and advances received in the Ordinary Course of Business), (b) all obligations of such Person evidenced by notes, drafts, bonds, debentures, credit documents or similar instruments, (c) all obligations of such Person which accrue interest or are of a type upon which interest charges are customarily paid (excluding trade payables owing in the Ordinary Course of Business), (d) all obligations of such Person that were issued or assumed as full or partial payment for Property, including pursuant to conditional sale or title retention agreements and earnouts and similar agreements (excluding trade payables incurred and paid in the Ordinary Course of Business), (e) all obligations of such Person in respect of Capital Leases, (f) all obligations, contingent or otherwise, of such Person as an account party or guarantor in respect of letters of credit or in respect of letters of guaranty issued by a bank or any other financial institution, (g) all obligations, contingent or otherwise, of such Person in respect of bankers’ acceptances, (h) all obligations of such Person in respect of Debt of others secured by (or for which the holder of such Debt has an existing right, contingent or otherwise, to be secured by) any Lien on Property owned or acquired by such Person, whether or not the Debt secured thereby has been assumed, (i) all Contingent Obligations of such Person of Debt of others, (j) all obligations of such Person in respect of any Hedging Agreement, (k) all obligations of such Person with respect to the redemption, repayment or other repurchase of any Disqualified Equity Interests and (l) all obligations of such person in respect of “off-balance sheet liabilities” such as synthetic leases, note repurchase agreements or other arrangements which are the functional equivalent of borrowing money but not reflected as liabilities on a balance sheet. The Debt of a Person shall include any recourse Debt of any partnership in which such Person is a general partner or joint venture. All debt, liabilities and obligations which are limited in recourse to any property shall be included in Debt only to the extent of the book value of such property as would be shown on a balance sheet of such Person prepared in accordance with GAAP.
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Examples of DBTC in a sentence

  • DBTC") shall have furnished to the Underwriters a certificate of DBTC, signed by one or more duly authorized officers of DBTC, dated the Closing Date, as to the due authorization, execution and delivery of the Trust Agreement by DBTC and the acceptance by the Owner Trustee of the trust created thereby and the due execution and delivery of the Certificate by the Owner Trustee thereunder and such other matters as the Underwriters shall reasonably request.

  • DBTC and ▇▇▇▇▇▇▇ ▇▇▇▇ are entering into this Refunding Agreement solely as Corporate Indenture Trustee and Individual Indenture Trustee, respectively, under the Indenture and not in their individual capacities.

  • Dibutyltin dichloride (DBTC) may be used as additive in the production of rubber tires.

  • DB-TC CTE teachers will be paid according to the Salary Schedule, with steps related to years of experience in the trade, and lanes according to level of education.

  • Upon this Agreement becoming effective pursuant to Paragraph 2 hereof DBTC shall automatically relinquish its rights and be released from its obligations under the Intercreditor Agreement.

  • The Commitments of the Lenders reflected on Schedule 1.1 hereto reflect the Commitments of DBNY and DBTC after giving effect to the DB Assignment.

  • Each of DBTC and DBNY shall make adjustments among themselves, and payments to each as needed, with respect to amounts of principal, interest, fees and other amounts paid or payable thereto as shall be necessary, in the opinion of the Agent, in order to effect such assignment.

  • DBTC hereby irrevocably assigns, without representation or warranty and without recourse, to Management all of DBTC’s rights (subject to the reinstatement provisions of the Intercreditor Agreement and the Termination Agreement), and delegates to Management all of DBTC’s obligations, under the Intercreditor Agreement, and Management hereby accepts all of DBTC’s rights, and expressly assumes all of DBTC’s obligations, under the Intercreditor Agreement.

  • Simultaneously with the effectiveness of this Agreement, the Commitments of Deutsche Bank Trust Company Americas (“DBTC”) are hereby irrevocably sold and assigned to Deutsche Bank AG New York Branch (“DBNY”) pursuant to the terms of an Assignment and Acceptance attached as Exhibit C hereto as if each such Person had executed an Assignment and Acceptance with respect to such assignment (such assignment, the “DB Assignment”), and DBTC shall cease to be a Lender hereunder.

  • Reliance and Management (Reliance and Management, collectively, the “Replacement Lenders”) have advised DBTC that they have entered into a Replacement Credit Agreement with E▇▇▇▇ ▇.

Related to DBTC

  • DBTCA means Deutsche Bank Trust Company Americas.

  • JPMCB means JPMorgan Chase Bank, N.A.

  • JPMorgan means JPMorgan Chase Bank, N.A.

  • Wells Fargo means Wells Fargo Bank, National Association.

  • DBNY means Deutsche Bank AG, New York Branch, and its successors.