Released Debt definition
Released Debt means all Debt of the Company and all Debt of any other person secured by any Lien on the Shares and/or the Assets (other than the Retired Debt).
Examples of Released Debt in a sentence
On 30 August 2023, Gold-Face executed a deed of release in respect of the Released Share Charge and the Released Debt Assignment as requested by Customer A and the Charged Company.
Buyer shall have received a release reasonably satisfactory to it in favor of the Company from all obligees in respect of the Released Debt, together with evidence reasonably satisfactory to Buyer of the discharge of all Liens on the Shares and/or the Assets in respect of the Released Debt.