Existing Debt Instruments definition
Examples of Existing Debt Instruments in a sentence
Save as provided in Clause 17.3, none of the Information Agent, the Restructuring Companies or any of their Affiliates may, without the prior written consent of the relevant Participating Creditor, disclose the identity of any Participating Creditor or the specific number and/or amount of Existing Debt Instruments it directly or indirectly holds to any other person.
The Borrower has the power to own and hold the properties it purports to own and hold, and to carry on its business as now being conducted and proposed to be conducted, and has the power to execute, deliver, and perform its obligations under the Existing Debt Instruments, the Purchase Agreement, the Stock Pledge Agreement and its Obligations under, this Credit Agreement, the Note, the Security Instruments and the other Loan Documents to which it is a party.
The Borrower shall maintain, or use its best efforts to cause Mutual Associates and/or Walnut Associates (in accordance with the Existing Debt Instruments) or any subsequent Owner to maintain, all insurance policies required by the Existing Debt Instruments and shall promptly furnish the Lender with true copies of such policies and evidence that all premiums payable with respect thereto have been paid on or before the due date.
Without limiting the generality or effect of the foregoing, on the Effective Date, all Existing Debt Instruments shall be deemed canceled, extinguished, retired and of no further force and effect, in all events without any further action on the part of the Debtor or any other entity.
Subject to section 10.6 of the Plan (which requires delivery of Existing Debt Instruments within one year after the Effective Date), if such Person communicates with the Reorganized Debtor within five years of the Effective Date, such distribution, together with any interest attributable to such amount, net of any applicable federal and state taxes, will be paid or distributed to such Person.