Debt Forgiveness definition

Debt Forgiveness has the meaning set forth in the recitals hereto.
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Debt Forgiveness also defined as "Debt Exchange," shall have the meaning as set forth in Secion 4. Such debt owed to such AEGA Holders, shall be relinquished in the exchange with the Corporation in combination with such shares as defined.
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Debt Forgiveness means the elimination of the debt without the student having to pay anything to resolve it.Debt elimination
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Examples of Debt Forgiveness in a sentence

  • Debt Forgiveness Debts are accounted for as extinguished when and only when settlement occurs through repayment or replacement by another liability.

  • Pursuant to the Agreement in Principle and following the consummation of the Exchange and the Debt Forgiveness, Bionova desires to cancel the Bionova Note.

  • Ltd., entered into a Stock Exchange, Debt Forgiveness and Intellectual Property Assignment Agreement (the “Exchange Agreement”).

  • The expiration of any waiting period imposed by the Commission necessary for the consummation of the transactions contemplated by the Exchange, the Debt Forgiveness and the Merger shall have occurred.

  • Every quarter, commencing the 90th day after Ocwen provides the Florida Plaintiffs with the preliminary list of eligible borrowers, Ocwen will provide Florida Plaintiffs with a list of the number of borrowers solicited and an accounting by borrower of the Calculation of Debt Forgiveness Amount, as that term is described in Exhibit 1.

  • If the Florida Plaintiffs determine Ocwen failed to meet its Debt Forgiveness obligation described in this paragraph, the Florida Plaintiffs will notify Ocwen of the alleged failure, provide an opportunity to meet and confer within five (5) business days regarding the alleged failure, and provide Ocwen thirty (30) days following the meet and confer to cure the alleged failure (“Cure Period”) or comply under the original terms of this Judgment.

  • At the end of the twenty-four (24) month period commencing on the Effective Date, Ocwen will provide the Florida Plaintiffs with a final list of borrowers who received a Solicitation pursuant to this paragraph, with an accounting by borrower of the Calculation of Debt Forgiveness Amount, as that term is described in Exhibit 1.

  • Pursuant to the Loan Modification Program described in the immediately preceding paragraph, and during the twenty-four (24)-month period commencing on the Effective Date, Ocwen shall provide Debt Forgiveness to Florida Accounts totaling at least One Million Dollars ($1,000,000) through loan modifications on first lien and second lien residential mortgage loans as defined and calculated in Exhibit 1.

  • Debt Forgiveness through the Indonesian Government’s Acceptance of Financial Instruments with No Market Value2.

  • Along the lines of Proposition 7, we endogenize legacy debt by imposing that the revenues raised by the issuance of legacy debt at date 0 remain constant (accounting for the fact that investors correctly anticipate the equi- librium level of supervisory leniency r).Proposition 10 (Doom Loop with Debt Forgiveness).

Related to Debt Forgiveness

  • Commitment Letters has the meaning set forth in Section 4.5(b).

  • Financing Commitments has the meaning set forth in Section 5.7.

  • Financing Commitment means documentation provided by a third party extending monies for the purpose of supporting the proposed Project in a manner that outlines the terms and conditions of borrowings, grants and other financing instruments. Terms and conditions should be reflective of terms under which all parties are willing to close and fund. There should be no Material Changes to stated terms without documented cause between the issuance of a commitment and closing. Material Changes must be submitted to ADOH for approval in accordance with Section 5.5 of this Plan.

  • Refinancing Commitments shall have the meaning provided in Section 2.14(h).

  • Debt Financing has the meaning set forth in Section 5.7.

  • Outstanding Debt means all the amounts, as adjusted from time to time, outstanding to the members of the CoC who will give their consent for approval of the Resolution Plan of the Successful Resolution Applicant, and as such amount is mentioned in the Information Memorandum.

  • Refinancing shall have correlative meanings.

  • Refinancing Loans means any Refinancing Term Loans or Refinancing Revolving Loans.

  • Bridge Financing means interim financing to cover Eligible Project Costs until DWSRF financing for the project is received from the State Water Board.

  • Refinancing Debt means Debt that refunds, refinances, renews, replaces or extends any Debt permitted to be Incurred by the Company or any Restricted Subsidiary pursuant to the terms of this Indenture, whether involving the same or any other lender or creditor or group of lenders or creditors, but only to the extent that:

  • Permitted Refinancing Debt means any Debt that Refinances any other Debt, including any successive Refinancings, so long as:

  • Debt Commitment Letters shall have the meaning set forth in Section 5.7(a), as supplemented by Section 6.11, as applicable.

  • Balloon Indebtedness means Long-Term Indebtedness, 25% or more of the original principal amount of which becomes due (either by maturity or mandatory redemption) during any consecutive twelve-month period, if such principal amount becoming due is not required to be amortized below such percentage by mandatory redemption or prepayment prior to such twelve-month period.

  • Refinancing Transactions means the transactions described under “Summary—The Refinancing Transactions” in the Offering Memorandum.

  • Funding Debt means any Debt incurred by or on behalf of the General Partner for the purpose of providing funds to the Partnership.

  • Permitted Unsecured Refinancing Debt means Credit Agreement Refinancing Indebtedness in the form of unsecured Indebtedness (including any Registered Equivalent Notes) incurred by the Borrower in the form of one or more series of senior unsecured notes or loans; provided that such Indebtedness (i) constitutes Credit Agreement Refinancing Indebtedness and (ii) meets the Permitted Other Debt Conditions.

  • Existing Indebtedness Agreements shall have the meaning provided in section 7.18.

  • Permitted Financial Indebtedness means Financial Indebtedness:

  • Refinancing Loan shall have the meaning provided in Section 2.14(h)(i).

  • Specified Refinancing Debt has the meaning specified in Section 2.18(a).

  • Financing Transactions means the execution, delivery and performance by each Loan Party of the Loan Documents to which it is to be a party, the borrowing of Loans, the use of the proceeds thereof and the issuance of Letters of Credit hereunder.

  • Debt Financing Documents means the agreements, documents and certificates contemplated by the Debt Financing.

  • Debt for Borrowed Money of any Person means all items that, in accordance with GAAP, would be classified as indebtedness on a Consolidated balance sheet of such Person.

  • Consolidated First Lien Debt means, as to any Person at any date of determination, the aggregate principal amount of Consolidated Total Debt outstanding on such date that is secured by a first priority Lien on any asset or property of such Person or its Restricted Subsidiaries that constitutes Collateral.

  • Consolidated First Lien Indebtedness means Consolidated Indebtedness that is secured by a first priority Lien (other than Permitted Liens) on assets of any Borrower or Restricted Subsidiary.

  • Refinancing Lenders has the meaning specified in Section 2.15(c).