Debt Purchase Transaction has the meaning given to that term in paragraph (b) of Clause 28.1 (Disenfranchisement on Debt Purchase Transactions entered into by Sponsor Affiliates).
Examples of Debt Purchase Transaction in a sentence
Any Sponsor Affiliate which is or becomes a Lender and which enters into a Debt Purchase Transaction as a purchaser or a participant shall, by 5pm on the Business Day following the day on which it entered into that Debt Purchase Transaction, notify the Facility Agent of the extent of the Commitment(s) or amount outstanding to which that Debt Purchase Transaction relates.
The Company shall not enter into any Debt Purchase Transaction, be a Lender or a party to a Debt Purchase Transaction of the type referred to in paragraphs (b) or (c) of the definition of Debt Purchase Transaction.
More Definitions of Debt Purchase Transaction
Debt Purchase Transaction has the meaning given to that term in clause 29.2 (Prohibition on Debt Purchase Transactions by the Group).
Debt Purchase Transaction means, in relation to a Person, a transaction where such Person: (a) purchases by way of assignment or transfer; (b) enters into any participation or sub-participation in respect of; or (c) enters into any other agreement or arrangement having an economic effect substantially similar to a sub-participation in respect of, any commitment or amount outstanding under any Debt Document.
Debt Purchase Transaction has the meaning given to that term in paragraph (b) of clause 28.2 (Disenfranchisement on Debt Purchase Transactions entered into by Parent Affiliates) Obligor means a Borrower or a Guarantor and Obligors means each of them Obligors' Agent means the Company, appointed to act on behalf of each Obligor in relation to the Finance Documents pursuant to clause 2.3 (Obligors' Agent) OECD means Organisation for Economic Co-operation and Development Original Borrowers means each of the Company, APII and ANNV, each as more particularly described in Part 1 of Schedule 1 (The Original Parties)
Debt Purchase Transaction means, in respect of any of the Group’s Debt Finance arrangements, any transaction to acquire, transfer or trade a credit default or total return swap or derivative (whether risk or funded), acquisition of a sub-participation or sub-contract or other agreement, arrangement or transaction having a similar effect (whether on a primary or secondary market or otherwise) but shall not include any disposals of holdings (or terminations of arrangements with respect to thereof) of such interests;
Debt Purchase Transaction means, in relation to a person, a transaction where such person: (a) purchases by way of assignment or transfer; (b) enters into any sub-participation in respect of; or (c) enters into any other agreement or arrangement having an economic effect substantially similar to a sub-participation in respect of, any Commitment or amount outstanding under this Agreement. “Default” means an Event of Default or any event or circumstance specified in Clause 26 (Events of Default) which would (with the expiry of a grace period, the giving of notice, the making of any determination under the Finance Documents or the Sinosure Insurance Policy or any combination of any of the foregoing) be an Event of Default. “Defaulting Lender” means any Lender: (a) which has failed to make its participation in a Loan available or has notified the Agent that it will not make its participation in a Loan available by the Utilisation Date of that Loan in accordance with Clause 5.4 (Lenders’ participation); 6
Debt Purchase Transaction has the meaning given to that term in clause 32.3(b) (Disenfranchisement of Debt Purchase Transactions entered into by Affiliates). Obligors means the parties to the Finance Documents (other than the Finance Parties, K-sure, KEXIM, any Charterers and the Managers of each Ship) and Obligor means any one of them.