Examples of Creditor in a sentence
Notwithstanding anything which may be contained herein to the contrary, this Section 7 shall not be applicable with respect to any losses, claims, actions, damages or liabilities or otherwise which the Senior Creditor may have against or which may be owing by (as applicable) the Executive Manager.
For the purposes of this clause 5, if any Creditor receives or recovers any amount or distribution in the form of Non-Cash Consideration which is subject to clause 5.1 (Turnover by the Creditors) the cash value of that Non-Cash Consideration shall be determined in accordance with clause 10.3 (Cash value of Non-Cash Recoveries).
To the extent that any member of the Group's Liabilities are discharged by way of set-off (compensación) (mandatory or otherwise) after the occurrence of an Insolvency Event in relation to that member of the Group, any Creditor which benefited from that set-off shall pay an amount equal to the amount of the Liabilities owed to it which are discharged by that set-off to the Security Agent for application in accordance with clause 11 (Application of Proceeds).
Each Creditor shall supply the Security Agent with any information that the Security Agent may reasonably specify as being necessary or desirable to enable the Security Agent to perform its functions as Security Agent.
If any Creditor or Debtor fails to pay any amount payable by it under this Agreement on its due date, interest shall accrue on the overdue amount (and be compounded with it) from the due date up to the date of actual payment (both before and after judgment and to the extent interest at a default rate is not otherwise being paid on that sum) at the rate which is 2 per cent.