Valuable Transfer definition
Valuable Transfer means, in respect of each Borrower, (i) all loans, advances or capital contributions made to such Borrower with proceeds of the Loan, (ii) all debt securities or other obligations of such Borrower acquired from such Borrower or retired by such Borrower with proceeds of the Loan and transferred, absolutely and not as collateral, to such Borrower, (iii) the fair market value of all property acquired with proceeds of the Loan and transferred, absolutely and not as collateral, to such Borrower, (iv) all equity securities of such Borrower acquired from such Borrower with proceeds of the Loan and (v) the value of any other economic benefits in accordance with applicable federal and state laws, or the laws of other applicable jurisdictions, governing determinations of the insolvency of debtors, in each case accruing to such Borrower as a result of the Loan.
Valuable Transfer means, in respect of each Borrower, (a) all loans, advances or capital contributions made to such Borrower with proceeds of the Loan made under this Agreement, (b) all debt securities or other obligations of such Borrower acquired from such Borrower or retired by such Borrower with proceeds of the Loan made under this Agreement and transferred, absolutely and not as collateral, to such Borrower (c) the fair market value of all property acquired with proceeds of the Loan made under this Agreement and transferred, absolutely and not as collateral, to such Borrower, (d) all equity securities of such Borrower acquired from such Borrower with proceeds of the Loan made under this Agreement and (e) the value of any other economic benefits in accordance with applicable federal and state laws, or the laws of other applicable jurisdictions, governing determinations of the insolvency of debtors, in each case accruing to such Borrower as a result of the Loan made available under this Agreement.
Valuable Transfer means (a) all loans, advances or capital contributions made to Pledgor with proceeds of the Loans and Letters of Credit; (b) the fair market value of all property acquired with proceeds of the Loans and Letters of Credit and transferred to Pledgor; (c) the interest on and the fees in respect of the Loans and the Letters of Credit, the proceeds of which are used to make such a Valuable Transfer; and (d) the value of any quantifiable economic benefits not included in clauses (a) through (c) above, but includable in accordance with applicable federal and state laws governing determinations of the insolvency of debtors, accruing to Pledgor as a result of the Loans and Letters of Credit.
More Definitions of Valuable Transfer
Valuable Transfer means all proceeds of any loans made or notes issued pursuant to the Credit Agreement which are directly or indirectly advanced by the Borrower to such Guarantor in any form whatsoever (including, without limitation, loans, advances or capital contributions) or used, directly or indirectly, to enable the Borrower or such Guarantor to carry any such advance.
Valuable Transfer means, in respect of such Security Party, (a) all loans, advances or capital contributions made to such Security Party with proceeds of the Facility, (b) all debt securities or other obligations of such Security Party acquired from such Security Party or retired by such Security Party with proceeds of the Facility, (c) the fair market value of all property acquired with proceeds of the Facility and transferred, absolutely and not as collateral, to such Security Party, (d) all equity securities of such Security Party acquired from such Security Party with proceeds of the Facility, and (e) the value of any other economic benefits in accordance with applicable laws governing determinations of the insolvency of debtors, in each such case accruing to such Security Party as a result of the Facility and this Agreement.
Valuable Transfer means, in respect of such Borrower, (a) all loans, advances or capital options made to such Borrower with proceeds of the Credit Facility, (b) all debt securities or other obligations of such Borrower acquired from such Borrower or retired by such Borrower with proceeds of the Credit Facility, (c) the fair market value of all property acquired with proceeds of the Credit Facility and transferred, absolutely and not as collateral, to such Borrower, (d) all equity securities of such Borrower acquired from such Borrower with proceeds of the Credit Facility, and (e) the value of any other economic benefits in accordance with applicable laws governing determinations of the insolvency of debtors, in each such case accruing to such Borrower as a result of the Credit Facility and this Agreement.
Valuable Transfer means the amount of (i) all loans, advances or capital contributions made to the Guarantor with proceeds of the Guaranteed Debt; (ii) all debt securities or other obligations of the Guarantor acquired from the Guarantor or retired by the Guarantor with proceeds of the Guaranteed Debt; (iii) the fair market value of all property acquired with proceeds of the Guaranteed Debt and transferred, absolutely and not as collateral, to the Guarantor; (iv) all equity securities of the Guarantor acquired from the Guarantor with proceeds of the Guaranteed Debt; and (v) the value of any quantifiable economic benefits not included in clauses (i) through (iv), above, but includable in accordance with Applicable Insolvency Law, accruing to the Guarantor as a result of the Guaranteed Debt. For purposes of this paragraph, "Adjusted Net Worth" shall mean the excess of (i) the amount of the "present fair salable value" of the assets of the Guarantor as of the date of determination, over (ii) the amount of all "liabilities of such Guarantor, contingent or otherwise", as of the date of determination, as such quoted terms are determined in accordance with Applicable Insolvency Law. In determining the Adjusted Net Worth of the Guarantor for purposes of calculating the EXHIBIT B Maximum Guaranteed Amount for the Guarantor, the liabilities of the Guarantor to be used in such determination pursuant to clause (ii) of the preceding sentence shall in any event include any amounts guaranteed by the Guarantor pursuant to clause (i) of the definition of Maximum Guaranteed Amount.
Valuable Transfer as to any Borrower, means and shall have been deemed to have occurred if proceeds of any Loan, Letter of Credit or other extension of credit are used, directly or indirectly, to (i) make a loan, advance or capital contribution to such Borrower, (ii) acquire from such Borrower debt securities or other obligations of such Borrower, (iii) acquire property, any interest in which is transferred to such Borrower (but only to the extent of the economic benefit to such Borrower of the interest so transferred), (iv) purchase equity securities of such Borrower, or (v) otherwise confer, directly or indirectly, an economic benefit on such Borrower (but only to the extent of such benefit).
Valuable Transfer means, in respect of any Obligor, (a) all loans, advances or capital contributions made to such Obligor with proceeds of the Loan, (b) all debt securities or other obligations of such Obligor acquired from such Obligor or retired by such Obligor with proceeds of the Loan, (c) the fair market value of all property acquired with proceeds of the Loan and transferred, absolutely and not as collateral, to such Obligor, (d) all equity securities of such Obligor acquired from such Obligor with proceeds of the Loan, and (e) the value of any other economic benefits in accordance with applicable laws governing determinations of the insolvency of debtors, in each such case accruing to such Obligor as a result of this Agreement.
Valuable Transfer means, as to any Initial Guarantor, (i) all loans, advances or capital contributions made to such Initial Guarantor with proceeds of Guaranteed Obligations, (ii) all debt securities or other obligations of such Initial Guarantor acquired from any Borrower or retired by any Borrower with proceeds of Guaranteed Obligations, (iii) the fair market value of all property acquired with proceeds of Guaranteed Obligations and transferred, absolutely and not as collateral, to such Initial Guarantor and (iv) the value of any quantifiable economic benefits not included in clauses (i) through (iii) above, but included in accordance with applicable federal and state laws governing determinations of the insolvency of debtors, accruing to such Initial Guarantor as a result of the incurrence of Guaranteed Obligations.