Debt Release definition

Debt Release means the release by or on behalf of Money Mart, the Former Franchisees and the Current Franchisees of 100% of the amounts the Indebted Class Members owe on account of the Default Transactions;
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Debt Release means, in respect of each Indebted Class Member, the release by or on behalf of Money Mart of any amounts the Indebted Class Member owes on account of his/her Default Transactions up to but not exceeding the total amount of Cheque Cashing Fees paid by that Indebted Class Member during the Settlement Period;
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Debt Release means the release and discharge of (a) all guarantees and obligations provided by the ▇▇▇▇ Target Companies under the Griffon Credit Agreement and Guarantee and Collateral Agreement (as defined in the Griffon Credit Agreement), and (b) all Liens on, and pledges of, all assets (including all equity interests) pledged or granted as collateral by ▇▇▇▇ Target Companies under the Guarantee and Collateral Agreement and the Griffon Credit Agreement.
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Examples of Debt Release in a sentence

  • The consideration for the transfers to be effected pursuant to the UK Transfer Plan is set forth in the Debt Release Agreements.

  • Each of the Purchase Agreement, the Stockholders' Agreements, the Subordinated Notes, the Existing Bank Debt Release, the NBD Release, the Management Services Agreement and the certificate of designations governing the Holdings Preferred Stock have been duly executed and delivered by the parties thereto and is in full force and effect in accordance with its terms.

  • A true and complete copy -------------------------------------- of the form of the Purchase Agreement, the Stockholders' Agreements, the Subordinated Notes, the Existing Bank Debt Release, the NBD Release, the Management Services Agreement and the certificate of designations governing the Holdings Preferred Stock (including all exhibits, schedules and amendments to any thereof) has been delivered to each Lender.

  • Discharge of Outstanding Debt; Release of Collateral...................................4 Section 4.11.

  • S▇▇▇▇▇▇ ▇▇▇▇▇▇▇ This Debt Release Agreement (“Agreement”) is made by and among Adino Energy Corporation (“Adino”) and S▇▇▇▇▇ ▇▇▇▇▇▇▇ (“Sundlun”) as of the 1st day of October, 2012.

  • Pledge of Parcel Tax Revenues; Transfer to Pay the Principal or Sinking Fund Installments of and Interest on the Bonds and any Parity Debt; Release from Lien 19 Section 5.03.

  • The consideration for the transfers to be effected pursuant to the UK Transfer Plan is set forth in the Debt Release Agreement.

  • Seller will deliver to the Rockville Buyer on and subject to the Closing Date, an instrument in form and substance reasonably satisfactory to the Rockville Buyer (the “Sagemark RC Debt Release Instrument”), signed by Seller and The Sagemark Companies Ltd.

  • This Debt Release Agreement (“Agreement”) is made by and among Adino Energy Corporation (“Adino”) and ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ (“Sundlun”) as of the 1st day of October, 2012.

  • The above incentive pay is not cumulative, and it is the responsibility of the employee requesting education incentive pay to provide Human Resources with documentation of his/her level of education or degree.


More Definitions of Debt Release

Debt Release has the meaning ascribed thereto in Section 4.07 hereto;
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