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 an amount of $400,000.00 that Defendant will forgive and charge-off of unsecured debts owed by Class Members to Defendant.
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Examples of Debt Forgiveness in a sentence

  • 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.

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

  • The Bionova Note became due and payable to Savia by its terms as of December 31, 2003, at which time the aggregate principal amount and accrued and unpaid interest under the Bionova Note totaled $79,799,547.57 (together with accumulated interest from January 1, 2004 to the date on which the Debt Forgiveness (defined below) is consummated, the "Savia Debt").

  • At the closing of the Exchange and the Debt Forgiveness (the "Closing"): (i) Savia shall deliver to Bionova the Bionova Note; (ii) Bionova shall accept the Bionova Note; and (iii) Bionova shall cancel the Bionova Note.

  • The Bionova Note became due and payable to Savia by its terms as of December 31, 2003, at which time the aggregate principal amount and accrued and unpaid interest under the Bionova Note totaled $79,799,547.57 (together with accumulated interest from January 1, 2004 to the date on which the Debt Forgiveness (defined below) is consummated, the “Savia Debt”).

  • The AEGA Shares being returned by the AEGA Holders shall be set forth in Schedule B set forth below, along with the Debt Forgiveness which is being relieved from the corporation in Schedule C set forth below.

  • Parent shall have delivered the Debt Forgiveness Agreements, pursuant to Section 2.05.

  • Borrower knows and understands all terms of Coronavirus Aid, Relief, and Economic Security Act (or the CARES Act) of 2020, and all SBA rules and guidance regarding the Payment Protection Program, and has not relied, and will not rely, on Lender or any of Lender’s shareholders, directors, officers, agents, employees, or representatives in determining whether Borrower is eligible for said Program or Debt Forgiveness.

  • At the closing of the Exchange and the Debt Forgiveness (the “Closing”): (i) Savia shall deliver to Bionova the Bionova Note; (ii) Bionova shall accept the Bionova Note; and (iii) Bionova shall cancel the Bionova Note.

  • Borrower, not Lender, is responsible for ensuring that Borrower is eligible for Debt Forgiveness.


More Definitions of Debt Forgiveness

Debt Forgiveness and “Debt Forgiven” and “Forgiven” and “Forgive Your Debt” means Student Freedom Fund forgives a certain portion of principal balance and credits any accrued interest under certain circumstances set forth in this Agreement.
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