Common use of Creditor Clause in Contracts

Creditor. (a) Subject to clauses 1.3(b), (c) and (d), in this Deed a “Creditor” is a Person to whom the Principal Debtor has an obligation to pay money (whether present or future) under a Debt Security. For the avoidance of doubt, the Principal Debtor shall be regarded as having such an obligation to a Person if, under the terms of a Debt Security, that obligation is owed:

Appears in 4 contracts

Samples: www.treasury.govt.nz, www.treasury.govt.nz, www.treasury.govt.nz

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