RIPA Debt definition

RIPA Debt means (i) the indebtedness, obligations and other liabilities (contingent or otherwise) of the Company under the Revenue Interest Purchase Agreement, including, without limitation, put/call prices and all fees, costs, expenses and other amounts accrued or due on or in connection with such indebtedness, obligations and other liabilities, (ii) the Revenue Interests and (iii) any and all deferrals, renewals, extensions, refinancings, replacements and refundings of, or amendments, modifications or supplements to any indebtedness, obligation or liability of the kind described in clauses
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RIPA Debt means (i) the indebtedness, obligations and other liabilities (contingent or otherwise) of the Company under the Revenue Interest Purchase Agreement, including, without limitation, put/call prices and all fees, costs, expenses and other amounts accrued or due on or in connection with such indebtedness, obligations and other liabilities, (ii) the Revenue Interests and (iii) any and all deferrals, renewals, extensions, refinancings, replacements and refundings of, or amendments, modifications or supplements to any indebtedness, obligation or liability of the kind described in clauses (i) and (ii).
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Examples of RIPA Debt in a sentence

  • It is understood that the provisions of this ‎Article 13 are and are intended solely for the purposes of defining the relative rights of the Holders, on the one hand, and the holders of the RIPA Debt, on the other hand.

  • With respect to the holders of the RIPA Debt, the Trustee undertakes to perform or to observe only such of its covenants and obligations as are specifically set forth in this Article 13, and no implied covenants or obligations with respect to the holders of the RIPA Debt shall be read into this Indenture against the Trustee.

  • The Trustee shall not be deemed to owe any fiduciary duty to the holders of the RIPA Debt, and, except with respect to its express obligations under this ‎Article 13 the Trustee shall not be liable to any such holders of the RIPA Debt if the Trustee in good faith mistakenly pays over or distributes to Holders or to the Company or to any other Person, cash, property or securities to which any holders of the RIPA Debt are entitled by virtue of this ‎Article 13 or otherwise.

  • The Trustee in its individual capacity shall be entitled to all the rights set forth in this ‎Article 13 in respect of the RIPA Debt at any time held by it, to the same extent as any other holder of the RIPA Debt, and nothing in this Indenture shall deprive the Trustee of any of its rights as such holder.

  • No right of any present or future holder of the RIPA Debt to enforce subordination as herein provided shall at any time in any way be prejudiced or impaired by any act or failure to act on the part of the Company or by any act or failure to act, in good faith, by any such holder or by any noncompliance by the Company with the terms, provisions and covenants of this Indenture, regardless of any knowledge thereof that any such holder may have or otherwise be charged with.

  • Upon the proper written request of the holders of RIPA Debt or their agent or representative, the Trustee or the Holder, as the case may be, shall deliver the amounts held in trust to the holders of RIPA Debt or their proper agent or representative.

  • Any claims of the Trustee for compensation or indemnification shall not be subordinate to the RIPA Debt and shall be senior to the claims of Holders in respect of all funds collected or held by the Trustee.