Debt Transfer definition

Debt Transfer means a transfer of the Obligations by a Lender by assignment or participation pursuant to the Credit Agreement to any Person other than (a) its Affiliates, (b) another First Out Holder who is not also a Last Out Holder, in the case of a Debt Transfer by a First Out Holder, (c) another Last Out Holder who is not also a First Out Holder, in the case of a Debt Transfer by a Last Out Holder, or (d) in connection with a transfer or assignment of all or a substantial part of such Lender's or its Affiliate's loan portfolio.
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Debt Transfer means, collectively, the assumption by Little Harbor of the following Indebtedness owing by Borrower and/or Parent, as applicable, effective on or about the Thirteenth Amendment Effective Date: (i) certain of the Owner/Affiliate Subordinated Debt owing to ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇ and/or ▇▇▇▇▇ ▇. ▇▇▇ ▇▇▇▇▇, (ii) all of the Owner/Affiliate Subordinated Debt owing to JVA Enterprises Capital, LLC, (iii) all of the Indebtedness owing to Alticor under the Alticor Note, (iv) all of the LaSalle Debt, and (v) all of the Indebtedness owing to SOFISCO Nominees Limited.
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Examples of Debt Transfer in a sentence

  • For the avoidance of doubt, the Contributors hereby agree to be solely responsible for all assumption costs, debt transfer costs, consent fees, prepayment fees or other charges payable with respect to the transfer of its Contributed Assets subject to the Allocated Debt (the “Allocated Debt Transfer Costs”).

  • For the avoidance of doubt, the Contributor hereby agrees to be solely responsible for all assumption costs, debt transfer costs, consent fees, prepayment fees or other charges payable with respect to the transfer of its Contributed Assets subject to the Allocated Debt (the “Allocated Debt Transfer Costs”).

  • Borrower and Parent have requested that Lender consent to the TCC Merger and the Debt Transfer.

  • Upon the effectiveness of the Debt Transfer, the Loan Contract and all the rights, obligations, representations and covenants defined therein shall be automatically terminated.

  • Upon the effectiveness of the Debt Transfer, the Transferors shall be obligated to pay the Transferee the Repayment Amount at such time mutually agreed upon by the Transferors and the Transferee.

  • For the avoidance of doubt, the Contributor hereby agrees to be solely responsible for all assumption costs, debt transfer costs, consent fees, prepayment fees or other charges payable with respect to the transfer of its Contributed Assets subject to the Allocated Debt (the “Allocated Debt Transfer Costs”) and any costs associated with the Exclusion Transaction or the Loan Release (collectively, the “Exclusion Costs”).

  • After the consummation of the Debt Transfer, Lu Min shall owe the debt of RMB 5,000,000 to ▇▇▇▇ ▇▇▇▇.

  • The Parties shall be responsible for any taxes, costs and expenses incurred by them respectively in connection with the Debt Transfer according to this Agreement.

  • Lender shall have received, in each case in form and substance acceptable to Lender in its sole discretion, fully executed copies of: (a) the TCC Merger Agreement, (b) the Little Harbor Debt Repayment Agreement and the other Little Harbor Subordinated Debt Documents, and (c) all documents, instruments, and agreements executed and/or delivered by any Loan Party pursuant to, or in connection with, the Debt Transfer.

  • Subject to the terms, and on the conditions, of this Amendment, Lender hereby consents, without representation, warranty or recourse, to the TCC Merger and the Debt Transfer.