Liability Management Exercise definition
Liability Management Exercise shall have the meaning set forth in Section 6.01.
Liability Management Exercise shall not include any such transaction pursuant to which (i) the creditors of any New Indebtedness have recourse only to any assets that are not Group Assets or (ii) no proceeds of Group Assets are being used.
Liability Management Exercise means the liability management exercise announced or to be announced by BOI in April 2010.
Examples of Liability Management Exercise in a sentence
The Loan Parties shall not, and shall not permit any of their respective Subsidiaries to, at any time, directly or indirectly, consummate, engage in, permit to occur, arrange, negotiate, or structure any Liability Management Exercise (or any transaction or series of related transactions in connection with or otherwise relating to any Liability Management Exercise), or enter into any agreement or arrangement, or take any other action, in connection with or in respect of any of the foregoing.
More Definitions of Liability Management Exercise
Liability Management Exercise means any restructuring, reorganization, rescheduling, recapitalization, reduction, cancellation, termination, elimination, refinancing, retirement, exchange, repurchase or defeasance of the Notes (together, the “Original Indebtedness”) with other Indebtedness of the Company or its Subsidiaries that is temporally, contractually or structurally senior (including as to right of payment, lien priority or additional collateral) to the Original Indebtedness (including, for the avoidance of doubt, through any incurrence of Indebtedness by an Affiliate that is not a Subsidiary Guarantor). Notwithstanding the foregoing, this definition and its use (including Section 4.17) herein are not intended to, nor shall they, prohibit or restrict any financing or refinancing transaction or any Investment that is (x) consummated for a bona fide business purpose and in good faith and (y) does not have the purpose of restructuring existing Original Indebtedness of the Company or any Subsidiary Guarantor, releasing or altering the priority of Liens on any Collateral or releasing or subordinating any of the Guarantees and/or reducing or impairing the rights and remedies of any secured party (including each Holder) under this Indenture or the Notes.
Liability Management Exercise means any purchase, repurchase, redemption or liability reduction exercise commenced by the Issuer or any member of the Group within six months of the Issue Date, in respect of any of the Group’s securities (other than units of Ordinary Stock and Other Securities) where such exercise has been approved by the Competent Authority including, but not limited to: (i) the exchange offers of the Issuer launched on 8 June 2011; (ii) the CAD138,721,000 Fixed/Floating Dated Subordinated Notes due September 2015 (ISIN: CA062786AA67); and (iii) the GBP75,000,000 13.375 per cent. Unsecured Perpetual Subordinated Bonds (ISIN: GB0000510312);
Liability Management Exercise means the liability management exercise referred to in the Society’s announcement dated 8 March 2018 in respect of the PPDS and the Society’s permanent interest bearing shares;
Liability Management Exercise means the liability management exercise (in respect of, amongst other securities, the Bonds) described in the announcement made by the Issuer and/or Co-operative Group on or around 4 November 2013.”
Liability Management Exercise means the liability management exercise to be carried out in 2011 by the Society with the agreement of the NTMA in relation to the Society’s subordinated debt and hybrid debt securities;
Liability Management Exercise means any restructuring, reorganization, rescheduling, recapitalization, reduction, cancellation, termination, elimination, refinancing, retirement, exchange, repurchase or defeasance of the Obligations (each, the “Original Indebtedness”) with other Indebtedness of the Borrower Representative or its Subsidiaries that is temporally, contractually or structurally senior (including as to right of payment, lien priority or additional collateral) to any Original Indebtedness (including, for the avoidance of doubt, through any incurrence of Indebtedness by an Affiliate that is not a Guarantor). Notwithstanding the foregoing, this definition and its use (including Section 7.6) herein are not intended to, nor shall they, (a) prohibit or restrict any financing or refinancing transaction or any Investment that is (i) consummated for a bona fide business purpose and in good faith and (ii) does not have the purpose of restructuring existing Original Indebtedness of the Borrower Representative or any Guarantor, releasing or altering the priority of Liens on any Collateral or releasing or subordinating the Guaranty and/or reducing or impairing the rights and remedies of the Agent, the Lenders or any Affiliate thereof, under this Agreement or any other Loan Document or (b) prohibit or restrict any restructuring, reorganization, rescheduling, recapitalization, reduction, cancellation, termination, elimination, refinancing, retirement, exchange, repurchase or defeasance consummated by the Borrower Representative and its Subsidiaries with respect to Indebtedness that is not the Original Indebtedness.
Liability Management Exercise means any purchase, repurchase, redemption or liability reduction exercise commenced by the Issuer or any member of the Group within six months of the Issue Date, in respect of any of the Group‟s securities (other than units of Ordinary Stock and Other Securities) where such exercise has been