Creditors’ Rights Sample Clauses

Creditors’ Rights. A holder of Stock Units shall have no rights other than those of a general creditor of the Company. Stock Units represent an unfunded and unsecured obligation of the Company, subject to the terms and conditions of the applicable Stock Unit Award Agreement.
AutoNDA by SimpleDocs
Creditors’ Rights. A holder of Restricted Share Units shall have no rights other than those of a general creditor of the Company. Restricted Share Units represent an unfunded and unsecured obligation of the Company, subject to the terms and conditions of the applicable Restricted Share Unit Agreement.
Creditors’ Rights. Any "creditors' rights" exception or other exclusion from coverage for voidable transactions under bankruptcy, fraudulent conveyance, or other debtor protection laws or equitable principles must be removed by either an endorsement or a written waiver.
Creditors’ Rights. All rights of creditors against the property, rights, privileges, assets and franchises of one or both of the Parties and all liens upon their property, rights and assets shall be unimpaired by the amalgamation and all debts, contracts, liabilities and duties of the Parties shall attach to the Amalgamated Corporation and may be enforced against it.
Creditors’ Rights. As a holder of Restricted Stock Units, you will have no rights pursuant to this Agreement other than those of a general creditor of the Company. RSUs represent an unfunded and unsecured obligation of the Company, subject to the terms and conditions of this Agreement.
Creditors’ Rights. Any "creditors' rights" exception or other exclusion from coverage for voidable transactions under bankruptcy, fraudulent conveyance, or other debtor protection laws or equitable principles must be removed by either an endorsement or a written waiver and an affirmative creditors’ rights endorsement (ALRA Endorsement 21) must be added.
Creditors’ Rights. The Plan is intended to constitute an “unfunded” plan for incentive compensation. The Company shall not be required to establish any special or separate fund or to segregate any assets to assure the performance of its obligations under the Plan. With respect to any payments not yet made or Ordinary Shares not yet transferred to a Participant by the Company, nothing contained in the Plan shall give any Participant any rights that are greater than those of a general creditor of the Company.
AutoNDA by SimpleDocs
Creditors’ Rights. Borrower waives presentment and demand for payment, notice of dishonor, protest and notice of protest of the Note. Borrower hereby acknowledges that Lender shall be entitled to recover, and the undersigned agrees to pay when incurred, all reasonable costs and expenses of collection of the Note, including without limitation, reasonable attorneys’ fees. The right to plead any and all statutes of limitations as a defense to any demands hereunder is hereby waived to the full extent permitted by law. Borrower and Lender consent irrevocably to personal jurisdiction in the state and federal courts located in Denver, Colorado for the resolution of any disputes arising hereunder or relating hereto.
Creditors’ Rights. (a) At and after the BFOH EFFECTIVE TIME, all the rights of creditors of each of BFOH and MFFC shall be preserved unimpaired, and all liens upon the property of BFOH and MFFC shall be preserved unimpaired on only the property affected by any such lien immediately before the BFOH EFFECTIVE TIME.
Creditors’ Rights. (a) At and after the BKFC EFFECTIVE TIME, all the rights of creditors of each of BKFC and FTFC shall be preserved unimpaired, and all liens upon the property of BKFC and FTFC shall be preserved unimpaired on only the property affected by any such lien immediately before the BKFC EFFECTIVE TIME.
Time is Money Join Law Insider Premium to draft better contracts faster.