Substituted Debtor definition

Substituted Debtor means any directly or indirectly wholly owned subsidiary of the Issuer which replaces or substitutes the Issuer as principal debtor in respect of the Covered Bonds and the relative Coupons subject to and in accordance with Condition 17 (Substitution of the Issuer).

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Substituted Debtor has the meaning specified in Article 5. “Suspended Covenants” has the meaning specified in Section 4.23. “Suspension Date” has the meaning specified in Section 4.23. “Suspension Period” has the meaning specified in Section 4.23. “Taxing Jurisdiction” has the meaning specified in Section 4.10.

Substituted Debtor has the meaning set forth under Section 12.01 hereof.

Examples of Substituted Debtor in a sentence

Upon the execution of the Issuer Substitution Documents as referred to in paragraph (i) above, the Substituted Debtor shall be deemed to be named in the Notes as the principal Debtor in place of the Issuer (or of any previous substitute under these provisions) and the Notes shall thereupon be deemed to be amended to give effect to the substitution.
Upon the execution of the Issuer Substitution Documents as referred to in paragraph (i) above, the Issuer and the Substituted Debtor will not be subject to the provisions of the covenant described above under Section 4.24.
No later than 10 Business Days after the execution of the Issuer Substitution Documents, the Substituted Debtor will give notice of the completion of such Substitution of the Company to the Holders.
The Substituted Debtor hereby agrees that, with effect from and including the effective date hereof, it shall be the “Issuer” for all purposes in respect of the Instruments and the Coupons and accordingly it shall assume all the obligations and liabilities and shall be entitled to all the rights and benefits on the part of the Issuer contained therein.
The Substituted Debtor and the Guarantors shall acknowledge in the Issuer Substitution Documents the right of every Holder of the Securities to the production of the Issuer Substitution Documents for the enforcement of any of the Securities or the Issuer Substitution Documents.

More Definitions of Substituted Debtor

Substituted Debtor has the meaning specified in Section 801.

Substituted Debtor has the meaning specified in Article 5. “Suspended Covenants” has the meaning specified in Section 4.23.

Substituted Debtor has the meaning ascribed thereto in Condition 17(a).

Substituted Debtor has the meaning set forth under Section 12.01 hereof. “Surviving Entity” has the meaning set forth under Section 5.02 hereof. “Taxes” has the meaning set forth under Section 4.05 hereof.

Substituted Debtor has the meaning provided in Condition 16(c);

Substituted Debtor means any directly or indirectly wholly owned

Substituted Debtor s Group" means the Substituted Debtor and its consolidated subsidiaries. "Successor in Business" shall mean, in relation to the Issuer, any company which: