Parallel Debts definition
Parallel Debts means, collectively, the Foreign Parallel Debt and the U.S. Parallel Debt;
Parallel Debts means a collective reference to the Finance Parallel Debt and the Notes Parallel Debt (each as defined in the Intercreditor Agreement).
Parallel Debts has the meaning specified therefor in Clause 2 of the Dutch Security Agreement.
Examples of Parallel Debts in a sentence
Notwithstanding anything to the contrary contained herein, the parties hereto acknowledge and agree that, for purposes of any Security Agreement expressed to be governed by the laws of the Netherlands, any resignation by Agent is not effective with respect to its rights and obligations under the Parallel Debts until such rights and obligations are assigned to the successor Agent.
The resigning Agent will reasonably cooperate in assigning its rights under the Parallel Debts to any such successor Agent and will reasonably cooperate in transferring all rights under any Security Agreement expressed to be governed by the laws of the Netherlands to such successor agent.
More Definitions of Parallel Debts
Parallel Debts shall have the meaning assigned to such term in Section 9.20.
Parallel Debts has the meaning specified therefor in Section 17.7 of the Agreement.
Parallel Debts with respect to Furmanite Offshore, means (i) the Parallel Debt, and (ii) the Parallel Debt Foreign Obligations. With respect to Furmanite Holding B.V., means the Parallel Debt Foreign Obligations.
Parallel Debts has the meaning as ascribed to such term in Section 3.01.