OpCo Debt definition

OpCo Debt means, at any time with respect to any Subsidiary of the Parent, all present and future monies, indebtedness and liabilities due, owing or incurred from time to time by such Subsidiary to any third party under or in respect of any OpCo Debt Instrument (whether actually or contingently, and whether as principal, surety or otherwise).
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OpCo Debt means any and all amounts payable under or in respect of the Credit Agreements including principal, premium (if any), interest (including interest accruing on or after the filing of any petition in bankruptcy or for reorganization relating to Can Opco, U.S. Opco, Holdco or the Company, whether or not a claim for post-filing interest is allowed in such proceedings), fees, charges, expenses, reimbursement obligations, guarantees and all other amounts payable thereunder or in respect thereof;
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OpCo Debt means any notes, term debt or other evidences of indebtedness by the Company, including any Company Subsidiary, issued for purposes other than funding the acquisition of fixed-payment annuities, structured settlement receivables, life settlements or any other similar financial assets which the Company or the Company Subsidiaries may from time to time acquire in the ordinary course of the Company’s business, or guaranties of any of the foregoing.
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Examples of OpCo Debt in a sentence

  • New First Lien OpCo Debt Up to $1,188 million in principal amount of first lien debt.

  • The New First Lien OpCo Debt will be marketed at an interest rate less than or equal to the rates contemplated above.

  • The First Lien OpCo Debt distributable to First Lien Bank Lenders and First Lien Noteholders must be in the form of bank debt and bond debt, respectively.

  • New Second Lien OpCo Debt Up to $547 million in principal amount of second lien debt.

  • OpCo will use its commercially reasonable efforts to syndicate the New First Lien OpCo Debt to the market and, to the extent so syndicated, the cash proceeds will be used to increase the cash payments to the First Lien Bank Lenders and First Lien Noteholders, ratably based on the amount of New First Lien OpCo Debt otherwise to be issued to them.

  • New First Lien OpCo Debt and New Second Lien OpCo Debt OpCo will issue first lien debt and second lien debt, both to be syndicated to the market for cash, as per Modified Plan.

  • OpCo Debt Guaranty New CEC to provide guarantee of OpCo debt as per Modified Plan in the form as set forth in Annex VI hereto.

  • The material terms of the New Second Lien OpCo Debt are set forth on Annex IV.

  • If this condition is waived by the Requisite Consenting Creditors, New First Lien OpCo Debt (on the terms set forth in Annexes V and VI) will be distributed to the First Lien Noteholders in a principal amount equal to $306 million less the cash proceeds of the syndication of the New First Lien OpCo Debt distributed to the First Lien Noteholders.

  • Material terms of the New First Lien OpCo Debt are annexed hereto as Annex V.


More Definitions of OpCo Debt

OpCo Debt means, at any time, the sum of the short term and long term debt of Opco as reported in its financial statements for the most recently completed fiscal quarter of Opco in respect of which financial information is available;
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