External Debt definition
Examples of External Debt in a sentence
For this purpose, any payment of an External Debt Instrument that is made out of the proceeds of the issue of another instrument, to which substantially the same persons as hold claims under the External Debt Instrument have subscribed, shall be disregarded.
Should the Borrower grant to a third party any security for the performance of any External Debt Instrument or any preference or priority in respect thereof, the Borrower shall, if so required by the Bank, provide to the Bank equivalent security for the performance of its obligations under this Contract or grant to the Bank equivalent preference or priority.
The Preliminary Share Purchase Price, Final Share Purchase Price, Inter-Group Debt, External Debt and any adjustments to be made in accordance with Section 2.6 shall be determined on a Division by Division basis in accordance with the basis of allocation set out in Exhibit 2.3 (Part II).
The Parties’ intention is that a part of the loan under the Loan Agreement in the amount equal to the HUF counter value of USD 2.900.000,- (US Dollar two million nine hundred thousand) (taking into account the Exchange Rate as defined below) minus the amount of the Net External Debt as at Closing will remain with the Vendors (the “Non-transferable Shareholders Loan”).
On or following the Distribution Date, Parent may cause the External Debt Exchange to be effected, as set forth in Section 6.11.