Extinguished definition

Extinguished for these purposes shall mean that such claim shall not lapse, but shall be subordinated in accordance with Section 39 para 2 of the German Insolvency Code (Insolvenzordnung) to all current and future claims of the other creditors of the Issuer as set out in Section 39 para 1 no 1 to 5 of the German Insolvency Code (Insolvenzordnung). Any such claims shall be settled only after all current and future claims of the Issuer's other creditors have been settled if and to the extent the Issuer is in a position to settle such claims using future profits (künftige Gewinne), any remaining liquidation proceeds (Liquidationsüberschuss) or any positive balance of the net assets (anderes freies Vermögen) of the Issuer.

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Extinguished means the extinguishment of economic interests pursuant to Bermuda law.

Extinguished means that no spreading flame for wild land burning or certified prescribed burning, and no visible flame, smoke, or emissions for vegetative land-clearing debris burning, exist.

Examples of Extinguished in a sentence

• In the event that (i) any such released Guarantor thereafter guarantees any Applicable Debt (or if any released guarantee under any Applicable Debt is reinstated or renewed) or (ii) the Extinguished Covenants cease to be suspended pursuant to Section 4.18 hereof then any such released Guarantor and any other Restricted Subsidiary of Hovnanian then existing (other than KHL, Inc., the Issuer (for so long as it remains the Issuer) and ▇.

• Therefore, in order to offset the absence of any payment of cash collections arising in relation to such Deemed Extinguished Receivables, such Deemed Extinguished Receivables shall be considered as a Deemed Collection and shall be paid pursuant to Articles 28.2 and 28.3.

• Until surrendered for exchange in accordance with the provisions of Section 3.2, each Certificate or First South Book-Entry Shares theretofore representing shares of First South Common Stock (other than Certificates or First South Book-Entry Shares representing Extinguished Shares), shall from and after the Effective Time represent for all purposes only the right to receive the Merger Consideration, without interest, as provided in Article 3.

• Until surrendered for exchange in accordance with the provisions of Section 3.3, each Certificate theretofore representing shares of Carolina Trust Common Stock (other than Certificates representing Extinguished Shares), shall from and after the Effective Time represent for all purposes only the right to receive the Merger Consideration, without interest, as provided in Article 3.

• Notwithstanding the execution of the Assignment and the extinguishment of the Extinguished Obligations, Borrower shall remain responsible for all other Indebtedness including, without limitation, the obligations with respect to which Borrower is fully liable as provided in Section 6.03 below.

More Definitions of Extinguished

Extinguished means a fire that is sufficiently suppressed so that there is no chance of re-ignition.

Extinguished means no visible flame, sparks, glowing embers or smoke.

Extinguished means the absence of any visible flames, smoke or emissions.

Extinguished means no visible flames, sparks, glowing embers or smoke;

Extinguished means left with no flame, sparks, glowing embers or smoke; "FIRE" means any fuel in a state of active combustion.

Extinguished means there is no visible smoke from a burn area and the burn pile is cool enough for human touch.

Extinguished means no longer capable of producing flame, heat or smoke.