Participating Debt definition

Participating Debt means, at any time, with respect to a Participating Creditor, the aggregate principal amount of the Existing Debt Instruments set out in the relevant Participating Debt Notice then most recently delivered by that Participating Creditor, as modified from time to time by any Transfer Notices (as applicable) delivered by the Participating Creditors to the Information Agent in accordance with Clause 7 (Accession, Transfer and Purchase, and Aggregate Position Disclosure to The Information Agent).
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Participating Debt means, at any time, with respect to a Participating Creditor, the aggregate principal amount of the Existing Debt Instruments set out in the relevant Participating Debt Notice then most recently delivered by that Participating Creditor, as modified from time to time by any Transfer Notices (as applicable) delivered by the Participating Creditors to the Information Agent in accordance with Clause 10 (Accession, Transfer and Purchase, and Aggregate Position Disclosure to The Information Agent).
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Examples of Participating Debt in a sentence

  • It is hereby acknowledged by the parties hereto that (i) no provision hereof shall be enforced or construed so as to violate any applicable law and (ii) except as provided herein, no consideration shall be due or paid to any Participating Creditor for its agreement to tender and vote the Participating Debt in the Restructuring in accordance with the terms and conditions of this Agreement, other than the consideration to be provided in the Restructuring as set forth in the Proposed Convenio Concursal.

  • The obligations of each Participating Creditor under this Agreement apply only in respect of its capacity as beneficial owner, and/or the investment advisor, sub-advisor, or manager for the beneficial owner, of the Participating Debt.

  • The Accession Letter and Participating Debt Notice must be delivered electronically via ▇▇▇▇▇://▇▇▇▇▇▇▇.▇▇▇▇▇▇▇▇▇.▇▇▇/Goldenwheel prior to the Consent Fee Deadline.

  • Each Participating Creditor must provide evidence of its holdings of its Participating Debt (including individualization of its holdings, as applicable) in accordance with the terms of this Agreement to counsel to the Company (subject to agreed upon confidentiality protocols), prior to the filing of the Concurso Mercantil Proceeding.

  • Subject to Clause 16.2 (Information relating to Individual Commitments), each Party authorises the Company to inform the Parties of, and agrees that the Company may in any public announcement refer to, the aggregate principal amount of Participating Debt held by the Participating Senior Lenders from time to time.

  • Following the transfer of all of its Participating Debt or Bridge Debt to another person in accordance with the terms of this Agreement, a Participating Senior Lender or Bridge Lender shall cease to be a Participating Senior Lender or Bridge Lender, save that the Surviving Provisions shall remain in force in respect of that Participating Senior Lender or Bridge Lender and it remain liable for any breaches of this Agreement that occurred before such time.

  • Nothing in this Agreement shall prevent any Participating Senior Lender or their Affiliates or Related Funds from acquiring Debt in addition to their Participating Debt (including by way of sub-participation) at any time (“Additional Debt”).

  • If any interest paid or credited or deemed to be paid or credited on a Note is to be Participating Debt Interest, the Canadian non-resident withholding tax implications of the issuance of such Notes will be described particularly in the relevant Supplement for such Notes.

  • Nothing in this Section 6 shall impose any obligation on the Company to issue any “cleansing letter” or otherwise publicly disclose information for the purpose of enabling a Participating Creditor to transfer any of the Participating Debt.

  • The Participating Senior Lenders acknowledge that any Additional Debt (excluding any Debt acquired and held by it in its capacity as Qualified Market-maker) shall automatically become Participating Debt.