Debt Cancellation definition

Debt Cancellation means the program as identified in Section 21.
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Debt Cancellation means Sellers’ optional debt cancellation Account provision branded “Account Assure.”
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Debt Cancellation. Any covered loan that still has an outstanding balance will be cancelled, so you will not owe any more money on this debt. This will result in the cancellation of approximately $1.4 billion in debt across all class members. You will not receive a 1099 for the cancellation of this debt. The Tribal Officials have also agreed not to sell, transfer or assign any of the loans covered by the Settlement to any third party.
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Examples of Debt Cancellation in a sentence

  • Each Creditor’s Debt Cancellation Amount as set forth on the signature page hereto executed by such Creditor shall be settled for “Delivery Versus Payment” with the Company.

  • Credit Life Insurance, Credit Disability Insurance and Debt Cancellation Coverage (GAP Coverage): If you indicated in Section B that you want optional credit life insurance, credit disability insurance or debt cancellation coverage (GAP coverage), or any combination thereof, you agree to pay for such insurance at the premium shown in Section B.

  • Other than a Receivable originated by or through a Dealer located in the State of New York, no Receivable is subject to a Debt Cancellation Policy.

  • Bank shall, prior to offering any Debt Cancellation Products to Cardholders, review the proposed solicitations and offerings with Spiegel Group.

  • Spiegel Group will assist Bank's effort to offer Debt Cancellation Products so long as such assistance will not require Spiegel Group to incur any direct expense or cost.

  • The charges for Debt Cancellation Products shall be charged to the applicable Cardholder's Account.

  • Please acknowledge your acceptance of the foregoing Debt Cancellation Agreement by signing and returning a copy to the undersigned whereupon it shall become a binding agreement between us.

  • A Guaranteed Asset Protection (“GAP”) Waiver or Debt Cancellation Agreement is not required to obtain credit and will not be provided unless you sign below and agree to pay the additional cost.

  • Coverage Term in Months Premium GAP Insurance*  $ Involuntary Unemployment  $ Debt Cancellation Agreement** $ Liability  $ Per Per Property Person $ Accident $ Damage $ *If the motor vehicle is determined to be a total loss, GAP Insurance will pay you the difference between the proceeds of my basic collision policy and the amount I owe on the motor vehicle, minus my deductible.

  • The Purchase Price shall be paid as follows upon the Closing: (a) RMB 3,730,000 in immediately available funds to Seller; and (b) RMB 6,270,000 by canceling Seller’s repayment obligations with respect to RMB 6,270,000 advanced to Seller by a Purchaser and one or more of his designees as of the Closing Date, pursuant to the Debt Cancellation Agreement in the form of Exhibit A attached hereto.

Related to Debt Cancellation

  • Second Lien Notes means the second lien notes that may be issued pursuant to the Second Lien Notes Indenture.

  • First Lien Notes means the 8.000% first lien secured notes due April 1, 2027, issued by Frontier pursuant to the First Lien Notes Indenture.

  • Second Lien Notes Documents means the indentures under which the Second Lien Notes are issued and all other instruments, agreements and other documents evidencing or governing the Second Lien Notes or providing for any security, guarantee or other right in respect thereof.

  • Additional Senior Class Debt has the meaning assigned to such term in Section 5.13.

  • Debt Due means the aggregate of the following sums expressed in Indian Rupees outstanding on the Transfer Date: