Unsecured Creditor definition

Unsecured Creditor means the holder of an Unsecured Claim.

Unsecured Creditor means any Creditor holding an Unsecured Claim.

Unsecured Creditor means the owner or holder of an Unsecured Claim.

Examples of Unsecured Creditor in a sentence

• This CCAA Plan shall be binding on and enure to the benefit of the Applicants, the Affected Unsecured Creditors of each Affected Unsecured Creditor Class, the Released Parties, any trustee, agent or other Person acting on behalf of any Affected Unsecured Creditor and such other Persons who have received the benefit of, or are bound by any compromises, waivers, releases or indemnities hereunder.

• For the avoidance of doubt, the Other Unsecured Creditor Distribution Allocation gives effect to the subordination and turnover rights of the Holders of Second Lien Claims and Senior Notes Claims against Holders of Subordinated Notes Claims, except as modified and/or waived under this Term Sheet.

• For the avoidance of doubt, the Second Lien Distribution shall not be subject to any subordination or turnover under the Second Lien Intercreditor Agreement and the Other Unsecured Creditor Distribution shall not be subject to any subordination or turnover to the Holders of First Lien Claims.

• Notes Claims shall be withheld from Apax by the Debtors (the “Withheld Apax Distribution”) and instead distributed to all non-Apax Holders of Allowed Second Lien Claims, Allowed Senior Notes Claims, Allowed General Unsecured Claims, and Allowed PIK Notes Claims as part of the Other Unsecured Creditor Distribution consistent with the Other Unsecured Creditor Distribution Allocation (as defined herein).

• Upon any Bankruptcy Event (other than a US Bankruptcy/Liquidation Proceeding), voting rights in connection with Bankruptcy/Liquidation Proceeding (other than a US Bankruptcy/Liquidation Proceeding) in respect of an Obligor shall be exercise by each Second Lien Secured Party and Unsecured Creditor in accordance with Schedule 4 of this Agreement.

More Definitions of Unsecured Creditor

Unsecured Creditor means any Creditor that holds an Unsecured Claim.

Unsecured Creditor. , in relation to a debt, means any creditor who is not a secured creditor;

Unsecured Creditor. “Unsecured Lender”, “Security Agent”, “Security Grantor”, “Senior Agent”, “Senior Arranger”, “Senior Borrower”, “Senior Creditor”, “Senior Guarantor”, “Senior Lender”, “Senior Secured Notes Guarantor”, “Senior Secured Notes Issuer”, “Senior Secured Notes Trustee”, “Senior Secured Noteholder”, “Subordinated Creditor”, “Permitted Affiliate Parent” or the “Company” shall be construed to be a reference to it in its capacity as such and not in any other capacity;

Unsecured Creditor means, with respect to any series, issue or claim of Unsecured Debt, the holders of such Indebtedness, the Unsecured Creditor Representative and the beneficiaries of each indemnification obligation undertaken by any Grantor under any related Unsecured Debt Document.

Unsecured Creditor means a holder of an Allowable Unsecured Claim.

Unsecured Creditor means any holder of an Allowed Unsecured Claim.

Unsecured Creditor means a Creditor that has an Unsecured Claim.