VIL Debt definition

VIL Debt means the indebtedness of Vasogen Ireland Limited to the Vendor as of the Effective Time; and
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Examples of VIL Debt in a sentence

  • The Vendor acknowledges and agrees that upon prior written notice by the Purchaser prior to the winding-up or dissolution of Vasogen Ireland Limited and/or Vasogen, Corp., as applicable, the Vendor will and will be deemed to have assigned all of the receivables in respect of the VUS Debt to Vasogen, Corp.and/or the VIL Debt to Vasogen Ireland Limited, as applicable, in respect of such winding-up or dissolution.

Related to VIL Debt

  • Intercompany Indebtedness means Indebtedness of Company or any of its Subsidiaries which is owing to Company or any of its Subsidiaries.

  • Subordinated Liabilities means liabilities subordinated to the Borrower’s obligations to the Bank in a manner acceptable to the Bank in its sole discretion.

  • Permitted Subordinated Debt means any Indebtedness of the Borrower or any Restricted Subsidiary evidenced by the Subordinated Debt Documents or otherwise on terms and (including without limitation subordination provisions) acceptable to the Administrative Agent and the Required Lenders.

  • Company Indebtedness means any obligations and liabilities created, issued or incurred by the Purchased Entities for borrowed money, including without limitation, bank loans, notes payable, capital lease obligations, guarantees of indebtedness for borrowed money of others, and all principal, interest, fees, prepayment penalties or other amounts due or owing with respect thereto.

  • Permitted Subordinated Indebtedness means Indebtedness incurred after the Closing Date by the Borrower or the Subsidiaries that is (i) subordinated to the Obligations and all other Indebtedness owing from the Borrower or the Subsidiaries to the Lender pursuant to a written subordination agreement satisfactory to the Lender in its sole discretion and (ii) in an amount and on terms approved by the Lender in its sole discretion.