Third Party Debt definition

Third Party Debt. TALF Debt and Additional Debt.
Third Party Debt means debt of any Person (other than the Company or any Subsidiary) for borrowed money that (i) pursuant to Generally Accepted Accounting Principles as of the date hereof, would be classified as a non-current liability, and (ii) the repayment of which is guaranteed by the Company or any Subsidiary.
Third Party Debt means any and all Debt (other than Debt evidenced by the Notes or the Joint and Several Guaranty).

Examples of Third Party Debt in a sentence

  • If the Court Order does not include a reference to the Deposit, or to the scheme administrator, The DPS will be unable to release the Deposit until either the Order is amended or a Third Party Debt Order is obtained.

  • If the Court Order does not include a reference to the Deposit, or to the scheme administrator, The DPS will be unable to release the Disputed Amount until either the Order is amended or a Third Party Debt Order is obtained.

  • Third Party Debt OrdersA Court order against a third party, often (but not necessarily) the judgment debtor’s bank or building society, requiring them to pay the judgment debt out of the judgment debtor’s funds.

  • Upon expiry or termination of the contract for the Services your payment obligations have not been made in full within this timeframe, we reserve the right to use all means available to us to collect this payment (including, but not limited to actioning our rights in clause 4.4 and Third Party Debt Collection Agencies both of which may have an impact on your credit history and rating).

  • A Third Party Debt Notice to bind earnings or a regular payment comes into force at the end of 7 days after the order is served on the third party debtor.


More Definitions of Third Party Debt

Third Party Debt means that certain Debt evidenced by the following (as amended from time to time): (i) Convertible Senior Secured Promissory Note, dated March 10, 2017, issued by Operating LLC (formerly known as IFMI, LLC) to the DGC Family Fintech Trust in the aggregate principal amount of $15,000,000, together with that certain Securities Purchase Agreement, dated as of March 10, 2017, by and among Operating LLC (formerly known as IFMI, LLC), the DGC Family Fintech Trust, a trust established by Dxxxxx X. Xxxxx, and solely with respect to certain provisions thereof, Parent (formerly known as Institutional Financial Markets, Inc.), and the related Pledge Agreement, dated as of March 10, 2017, by and among Operating LLC (formerly known as IFMI, LLC), in favor of the DGC Family Fintech Trust; (ii) Senior Promissory Note, dated January 31, 2020, issued by the Operating LLC to JKD Capital Partners I LTD in the aggregate principal amount of $2,250,000; (iii) Senior Promissory Note, dated January 31, 2020, issued by the Operating LLC to RN Capital Solutions LLC in the aggregate principal amount of $2,250,000; (iv) Junior Subordinated Note due 2037, dated June 25, 2007, issued by Parent (formerly known as Alesco Financial Inc.) in the aggregate principal amount of $28,995,000; (v) Junior Subordinated Note due 2035, dated March 15, 2005, issued by Parent (formerly known as Sunset Financial Resources, Inc.) to JPMorgan Chase Bank, N.A., as Property Trustee of Sunset Financial Statutory Trust I, in the aggregate principal amount of $20,619,000; and (vi) Investment Agreement, dated October 3, 2016, by and between Operating LLC (formerly known as IFMI, LLC) and JKD Capital Partners I LTD (pursuant to which, among other things, JKD Capital Partners I LTD agreed to invest up to $12,000,000 into Operating LLC) (the “JKD Investment Agreement”).
Third Party Debt has the meaning specified in Section 1008.
Third Party Debt means (a) all outstanding Indebtedness for borrowed money of the Company from any Person, including the short-term and long-term portion thereof, and (b) outstanding Indebtedness of any Person other than the Company that is secured by an Encumbrance on any asset or equity interest of the Company or guaranteed by the Company.
Third Party Debt has the meaning specified in Section 1004(3) hereof.
Third Party Debt means any Financial Indebtedness which is owed to any person other than a member of the Wider Group (but, for the avoidance of doubt, excluding any indebtedness arising under any instrument that does not impose any obligations on the obligor to make any cash payment and does not permit such obligor to elect to make any cash payments and to the extent only that such instrument is not amended so as to become an instrument under which there are (or may be) cash payment obligations).
Third Party Debt means (i) any indebtedness of the Vendors for borrowed money, (ii) any obligations of the Vendors evidenced by bonds, debentures, notes or other similar instruments, in each case excluding any trade payables, (iii) any outstanding reimbursement obligation of any Vendor with respect to letters of credit, bankers’ acceptances or similar facilities issued for the account of any Vendor, and (iv) any guarantees of any Vendor of or in respect of indebtedness or obligations referred to in clauses (i), (ii) or (iii) of this definition.
Third Party Debt means all debt in addition to that evidenced by the Debt Agreements listed in paragraph 1.2.1 of the Disclosure Letter residing on the books of SCST or its subsidiaries as of the Distribution Date and specifically excludes intercompany debt owed by SCST or its subsidiaries directly to Yellow. Third Party Debt is listed in paragraph 2.4 of the Disclosure Letter.