Original debtor definition

Original debtor means, except as used in section 9310(3), a person that, as debtor, entered into a security agreement to which a new debtor has become bound under section 9203(4).

Original debtor means a person that, as debtor, entered

Original debtor means a person that, as debtor, entered into a security agreement to which a new debtor has become bound under section 400.9-203(d);

Examples of Original debtor in a sentence

• The Original Debtor, Inversiones e Inmobiliaria R CC S.A., and the New Debtor, SG Inversiones Financieras S.A., hereby declare that the latter party has agreed to assume as its own the obligation acquired by the former, as stated in First above, bearing in mind their business relationship; thus this novation has a real and lawful purpose.

• It is hereby stated that the interest accrued to date have been fully paid by the Original Debtor.

• Original Debtor, Xxxx, Glass and Melegrano expressly agree that they will not transfer any of the assets of Original Debtor, including but not limited to the assets that constitute collateral under the Security Agreement, until the proposed parties to the Stock Purchase Agreement execute that agreement.

• Xxxx, Melograno and Glass are in the process of, transferring their respective interests in Original Debtor to New Debtor.

• Save as provided in Clauses 3 and 4, the Original Debtor and the Creditor hereby mutually release each other from their obligations under the Loan Note as from the Effective Date.

More Definitions of Original debtor

Original debtor means a person that, as debtor, entered into a security agreement to which a new debtor has become bound under subsection (d) of Section 1-9-203 of this title.

Original debtor means a person that, as debtor, entered into a security

Original debtor means the person who [signed] [entered into] the security agreement to which the new debtor has become bound.

Original debtor means, except as used in subsection 3 of NRS 104.9310, a person that, as debtor, entered into a security agreement to which a new debtor has become bound under subsection 4 of NRS 104.9203. (hhh) "Payment intangible" means a general intangible under which the

Original debtor means an Original Borrower or an Original Guarantor.

Original debtor means a person that, as debtor, entered into a security agreement to which a new debtor has become bound.

Original debtor means a perso n that, as debtor, entered into a security agreement to which a new debtor has become bound under § 47-9-203(d).