Debt Contract definition

Debt Contract means any indenture, mortgage, deed of trust, pledge, loan, security, credit or similar agreement entered into by Seller or any of its Affiliates creating indebtedness on the part of Seller or any of its Affiliates for borrowed money or the deferred purchase price of property acquired by, or for services rendered to, Seller or any of its Affiliates.

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Debt Contract means any indenture, mortgage, loan, credit, sale-leaseback or similar agreement entered into by either Seller or any of its Affiliates creating indebtedness on the part of such Seller or its Affiliates for borrowed money or the deferred purchase price of property acquired by, or for services rendered to, such Seller or its Affiliates.

Debt Contract means any Assigned Contract that is an indenture, mortgage, loan, credit or sale-leaseback guarantee of any obligation, bonds, letters of credit or similar financial contract that will remain in effect following the Closing.

Examples of Debt Contract in a sentence

All claims, liens, mortgages, security interests and deeds of trust imposed in connection with any Debt Contract burdening the Assets shall have been released at or before Closing, and Sellers shall have provided evidence of such release to Buyer at or before Closing.
Except for Permitted Encumbrances and those certain encumbrances to be terminated as of Closing pursuant to Section 8.06, such Seller owns the Assets free and clear of all claims, liens, mortgages, security interests and deeds of trust imposed in connection with any Debt Contract.
At or prior to Closing (A) Sellers shall release or cause to be released all claims, liens, mortgages, security interests and deeds of trust imposed in connection with any Debt Contract, and any other Encumbrances (other than Permitted Encumbrances) burdening the Assets, including the ▇▇▇▇▇▇▇▇▇▇ Encumbrance, and (B) Sellers shall provide evidence of such release to Buyer.
Except as expressly permitted under this Agreement, agree to any amendment or other change to or waiver of any of its rights under any Material Debt Contract to the extent any such amendments, changes or waivers would be materially adverse to the Loan Parties, the Agents or the Lenders.
At or prior to Closing (a) each Seller shall release or cause to be released all claims, liens, mortgages, security interests and deeds of trust imposed in connection with any Debt Contract, and any other Encumbrances (other than Permitted Encumbrances) burdening the Assets, and (b) each Seller shall provide evidence of such release to Buyer.
DSI shall have obtained the consent or approval of each Person whose consent or approval shall be required in order to consummate the transactions contemplated by this Agreement under any Debt Contract or Other Contract to which DSI or any of its Subsidiaries is a party.
Each and every consent or approval which shall be required in order to consummate the transactions contemplated by this Agreement under any Debt Contract or Other Contract to which Meritus or any of its Subsidiaries is a party is listed in SECTION 7.2(C) of the Company Disclosure Letter (collectively, the "Consents").
No Loan Party is in violation of any law, rule, regulation, judgment or order of any Governmental Authority applicable to it or any of its property or assets, or any material term of any agreement or instrument (including, without limitation, any Material Debt Contract) binding on or otherwise affecting it or any of its properties except to the extent that such violation could not reasonably be expected to result in a Material Adverse Effect.
Parent shall have obtained the consent or approval of each Person whose consent or approval shall be required in order to consummate the transactions contemplated by this Agreement under any Debt Contract or Other Contract to which Parent or any of its Subsidiaries is a party, except those for which failure to obtain such consents and approvals, individually or in the aggregate, is not reasonably likely to have a Parent Material Adverse Effect.
The Company shall have obtained the consent or approval of each Person whose consent or approval shall be required under any Debt Contract or Other Contract to which the Company or any of its Subsidiaries is a party, except those for which the failure to obtain such consent or approval, individually or in the aggregate, is not reasonably likely to have a Company Material Adverse Effect.

More Definitions of Debt Contract

Debt Contract means any financial obligation reported in the University’s Financial Statements under generally accepted accounting principles and includes, without limitation, contracts for revenue bonds, lease purchases and other multi‐year transactions with third parties.