Debt Assignment definition

Debt Assignment has the meaning given to it in Section 5(c).

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Debt Assignment means the debt assignment dated the same date as this agreement between (1) Oneida Limited (US), (2) Anchor Hocking LLC and (3) HUK 54 Limited;

Debt Assignment a deed of assignment dated 24 July 2023 in respect of a shareholder’s loan in the sum of approximately RMB121,985,000 (equivalent to approximately HK$131,134,000) owed by the HK Charged Company to the Assignor and all obligations, liabilities and other debts owing or incurred by the HK Charged Company to the Assignor from time to time “Director(s)” the director(s) of the Company “Effective Date” 15 February 2024

Examples of Debt Assignment in a sentence

• Any representations, warranties and covenants contained in Article 1 will survive the signing of this Debt Assignment Agreement.

• In order to effect such Debt Assignment, the Warrantholder shall deliver concurrently with the Exercise Agreement a duly executed debt assignment agreement in the form attached hereto as Exhibit B (the "Debt Assignment Agreement") together with the original of the Debentures, which Debt Assignment Agreement the Company shall countersign and return a signed copy thereof to the Warrantholder within a reasonable time, not exceeding three (3) Business Days, after this Warrant shall have been so exercised.

• If such Revolving Credit Lender pays its share of the applicable Mortgage Debt Assignment Price to the Administrative Agent, then the amount so paid shall constitute such Revolving Credit Lender’s Revolving Credit Loan.

• The Debt Assignment shall be deemed to have occurred at the Effective Time.

• On each Mortgage Debt Assignment Date, each Revolving Credit Lender severally agrees to make available to the Administrative Agent in immediately available funds at the Administrative Agent’s Office not later than 1:00 p.m. on such date, an amount equal to its Applicable Revolving Credit Percentage of the Mortgage Debt Assignment Price (such funding made by a Revolving Credit Lender being referred to herein as a “Mortgage Debt Assignment Funding”).

• Payment of the Exercise Price for the Warrant Shares specified in the Exercise Agreement shall be paid by way of assignment by the Warrantholder to the Company of such Principal Amount of the Debentures as is equal to the Exercise Price (the "Debt Assignment").

• Upon receipt by the Administrative Agent of funds from the Revolving Credit Lenders equaling the entire Mortgage Debt Assignment Price and upon satisfaction of the conditions set forth in Section 2.03(c), the Administrative Agent shall use the funds so received from the Revolving Credit Lenders to consummate the Mortgage Debt Assignment.

• The Deed to Secure Debt, Assignment of Rents and Leases, Security Agreement and Fixture Filing of even date herewith, from Borrower to Lender encumbering the Premises and securing repayment of the Obligations.

• This debt transfer would be carried out under the Debt Assignment Protocol.

• Deed to Secure Debt, Assignment of Leases and Rents, Security Agreement and Fixture Filing, dated as of July 2, 2014; and Assignment of Leases and Rents, dated as of July 2, 2014, encumbering the real property whose address is ▇▇▇ ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, Savannah, GA 31401, as more particularly described in said deed to secure debt.

More Definitions of Debt Assignment

Debt Assignment means the assignment by Didi of its rights to receive repayment of the Existing Shareholder Advance from the HK Company to the Company, in consideration for the issuance to it of Ordinary Shares pursuant to the Capital Increase. “Didi” has the meaning ascribed to such term in the Share Purchase Agreement.

Debt Assignment has the ascribed thereto in Section 4.6;

Debt Assignment means the assignment of the Intercompany Debt from the Seller to the Buyer with effect from (and subject to) Completion.