Trust Debt definition

Trust Debt means and includes all loans, advances, debts, liabilities, obligations, covenants and duties of any kind or nature, present or future, owing to the Trust by the Dealers (after giving effect to the assignments under the Receivables Sale Agreement and the Receivables Purchase and Contribution Agreement), whether or not evidenced by any note or other instrument, whether or not for the payment of money, whether arising by reason of an extension of credit, loan, indemnification or in any other manner, whether direct or indirect, absolute or contingent, due or to become due, now existing or hereafter arising. The term includes all interest, charges, expenses, fees, reasonable attorneys’ fees and any other sums chargeable to the Dealers under any of the Security Agreements.
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Trust Debt means the Debt of Borrower to Red Lion Hotels Capital Trust, a Delaware statutory trust.
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Trust Debt has the meaning set forth in Section 5.19(a) of this Agreement.
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Examples of Trust Debt in a sentence

  • The proceeds of capital contributions made with respect to any Specified Interest will be applied in a manner consistent with the terms (if any) as may be applicable to such capital contributions under the terms of any related Titling Trust Debt Document(s).

  • The Titling Trust may issue Titling Trust Debts with respect to (and only with respect to) any Titling Trust Debt Specified Interest.

  • If so specified in the Titling Trust Debt Document with respect to any Titling Trust Debts or in the Specification Notice with respect to the related Specified Interest, the related Titling Trust Creditors may designate an indenture trustee, agent or other third party to exercise the rights of such Titling Trust Creditors under this Titling Trust Agreement.

  • By accepting a Trust Debt Security, each Holder shall waive and release all such liability.

  • Until an amendment, waiver or other action by Holders becomes effective, a consent to it or any other action by a Holder of a Trust Debt Security hereunder is a continuing consent by the Holder and every subsequent Holder of that Trust Debt Security or portion of the Trust Debt Security that evidences the same obligation as the consenting Holder’s Trust Debt Security, even if notation of the consent, waiver or action is not made on such Trust Debt Security.

  • All canceled Trust Debt Securities held by the Trustee shall be disposed of in accordance with its customary procedures.

  • The Series II Trust Debt Securities are initially being issued to the Trust, to be held on behalf of the Trust by its property trustee (the “Property Trustee”).

  • The Sellers agree and acknowledge that, subject to Section 3.1(a), the Trust may commence and effect Enforcement against collateral for the Trust Debt notwithstanding the fact that any Dealer would be prohibited from disposing of such collateral by any provision of the Security Agreements.

  • Notice of the proposed payment of such Defaulted Interest and the Special Record Date therefor having been given, such Defaulted Interest shall be paid to the Persons in whose names the Trust Debt Securities (or their respective Predecessor Trust Debt Securities) are registered at the close of business on such Special Record Date and shall no longer be payable pursuant to the following Clause (2).

  • Provisions of this Indenture that apply to Trust Debt Securities called for redemption also apply to portions of Trust Debt Securities called for redemption.


More Definitions of Trust Debt

Trust Debt means any and all debts, liabilities and obligations of Borrower to the Trust of every kind and description (whether or not evidenced by any loan agreement, schedule, note or other instrument and whether or not for the payment of money), direct or indirect, absolute or contingent, due or to become due, now existing or hereafter arising, including, without limiting the generality of the foregoing, any liability of Borrower to the Trust as a guarantor of the indebtedness or liabilities of others and all interest, fees, charges and expenses payable by Borrower to the Trust.
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Trust Debt means the obligations of LaCrosse under the Trust Debt Documents.
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