Remaining Debt definition

Remaining Debt means the difference between the VCI Debt and -------------- $3,000,000.

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Remaining Debt at any time, means all Financial Indebtedness of any member of the Group and the Target Group then outstanding under or in respect of the Remaining Debt Agreements (other than in respect of the Cash Pooling Facilities).

Remaining Debt has the meaning set forth in Section 5.2(c).

Examples of Remaining Debt in a sentence

Any accrued interest not paid on a date scheduled for the payment of interest shall be added to the principal of the Remaining Debt and all of such principal, as so increased shall thereafter bear interest at the lesser of 4% in excess of the existing rate or the maximum rate permitted by applicable law.
All proceeds from the exercise of all options or warrants to purchase capital stock of Reorganized Prism shall be applied to the reduction of the Remaining Debt, first to any accrued unpaid interest and then to principal.
In that regard, the Borrower further acknowledges that the Remaining Debt, and any portion of the Assigned Debt for which the Applicable Purchase Price therefor has not been received by Lender, are and remain valid and enforceable obligations of the Borrower.
LFCG agrees that Biofield’s remaining debt owed LFCG members upon the assignment of the Assigned Debt to MKG (the “Biofield’s Post-Assignment Remaining Debt to LFCG”) shall be restructured or otherwise treated commensurate with the debt owed by Biofield to creditors other than LFCG members.
Assignee hereby agrees and acknowledges that the sale, transfer and assignment of the Assigned Debt shall be a sale, transfer and assignment of the monetary obligations evidenced by such Assigned Debt only, and shall not include, and such sale, transfer and assignment expressly excludes, the Remaining Debt, and any and all Security Rights.

More Definitions of Remaining Debt

Remaining Debt means all rights, title, interests of the creditors in and to Admitted Financial Debt less the Corporate Guarantee Debt, along with all rights, assets, title, charges, encumbrances, mortgages and guarantees (including the personal guarantees issued by Mr. Pradeep Kumar Aggarwal to the Direct Financial Creditors, to the extent of the Loan Assignment Payment), and any beneficial interest therein, securing such debt. (but excluding the Excluded Rights), which will be assigned/novated to the Purchaser pursuant to this Resolution Plan. The assignment and novation of the personal guarantees issued by Mr. Pradeep Kumar Aggarwal to the Direct Financial Creditors, to the extent of the Loan Assignment Payment is an integral part of the Resolution Plan."

Remaining Debt means “Put Option Debt”.

Remaining Debt means all indebtedness of or other financial accommodation to the Group Companies at Completion (including securitisation programmes) except for that relating to the Mezzanine Loan. Representative of a party includes an employee, agent, officer, director, adviser, partner, joint venturer or sub-contractor of that party. Respective Proportion in relation to a Seller, means that percentage of the relevant amount calculated as:

Remaining Debt means the amount which is the difference between the provable Claim of a CWK General Creditor, a CNC/CNT General Creditor or a PTI General Creditor and the amount which it has been paid under the Plan upon distribution of the Sale Proceeds and the LTG Proceeds. Remaining Debt shall not constitute an enforceable claim against the Companies.

Remaining Debt means “Remaining Nominated Debt”; and

Remaining Debt means any Debt owed by ▇▇▇▇ TopCo to the Seller and/or its Affiliates immediately following Further Closing and any new Debt advanced by the Seller and/or its Affiliates between Further Closing and Remaining Closing, reduced by the amount of any principal repayment made by ▇▇▇▇ TopCo between Further Closing and Remaining Closing, together with the right to receive payment of such Debt and all other rights of the Seller and/or its Affiliates in respect of, and/or pursuant to any instrument constituting, such Debt;

Remaining Debt as defined in the recitals hereto.