Purchased Debt definition

Purchased Debt means a Debt purchased by the Lender from the Borrower under the Facility pursuant to the Letter of Offer; and
Sample 1Sample 2
Purchased Debt shall have the meaning set forth in the Recitals of this Agreement.
Sample 1
Purchased Debt means a Debt which has been Assigned to the Bank pursuant to this Agreement or a Debt purported to be Assigned to the Bank pursuant to this Agreement but which Assignment was ineffective for any reason;
Sample 1

Examples of Purchased Debt in a sentence

  • This insight, spelled out in detail by Jayatilaka, Hanna, and Boffey, opens up exciting new possibilities for studying medieval texts which many of the chapters introduce into their analyses.

  • If a Security Interest has been granted by you to NAB over any Purchased Debt, to the extent necessary to allow any assignment under this clause 4 (offer and acceptance), that Security Interest is automatically released.

  • Operating earnings (EBIT) for Purchased Debt were 3.6 percent higher for the full-year than in 2008.

  • NAB’s right, title and interest in that Purchased Debt is extinguished on the appropriation of the Extinguishment Price from the Retention Reserve.

  • You acknowledge that if a Purchased Debt becomes a Recourse Debt, NAB retains its interest in that Debt notwithstanding that NAB may elect to hold 100% of the relevant Debt Amount in the Retention Reserve in accordance with clause 6(b).


More Definitions of Purchased Debt

Purchased Debt means the Indebtedness under the Existing Credit Facilities purchased by the Lenders.
Sample 1
Purchased Debt shall have the meaning specified in the recitals hereto.
Sample 1
Purchased Debt has the meaning given to it in the Caspian SPA.
Sample 1
Purchased Debt means the sum of Five Hundred and Ninety-One Thousand, One Hundred and Nine Dollars and Ninety Cents ($591,109.90), which constitutes all of the debt owed by the Company to the Vendors and all of which is to be purchased by Stake hereunder;
Sample 1
Purchased Debt as defined in Section 6.11(g).
Sample 1
Purchased Debt means 80.1% of the Intercompany Debt.
Sample 1
Purchased Debt has the meaning specified in the Recitals. “Purchased Debentures” has the meaning specified in the Recitals. “Purchased Notes” has the meaning specified in the Recitals. “Purchaser” has the meaning specified in the Recitals.
Sample 1