Assenting Creditor definition

Assenting Creditor means a creditor who files an Assent and Proof of Claim as defined in and in accordance with § 8.1.
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Examples of Assenting Creditor in a sentence

  • The Assignee may accept as the claim of an Assenting Creditor the unsecured portion of any partially secured claim, the amount of such claim to be determined as provided in Paragraph 4.5.

  • Each Assenting Creditor accepts in lieu of its claim against the Debtor the rights acquired hereunder and agrees that this A/F/B/C may be pleaded as a defense or bar to any such suit or other proceeding.

  • In the event of a disagreement between the Assignee and an Assenting Creditor concerning the validity, amount or priority of a claim, the Assignee and such Assenting Creditor will negotiate in good faith to attempt to resolve such dispute and the Assignee may compromise any disputed claim upon such terms and conditions as he deems advisable.

  • By becoming an Assenting Creditor, Westwood specifically agrees to and accepts the subordination of the Westwood Claims as provided in this Section 5.1.

  • If a Disputed Claim is disapproved in full, the Assenting Creditor submitting that Disputed Claim is not entitled to any Distributions on account of that Disputed Claim.

  • The Creditor Trustee may extend the Claim Deadline on written notice and may at any time in his reasonable discretion permit any Assenting Creditor to become a party to this Agreement despite that the Assenting Creditor received no such extension of time.

  • Each Assenting Creditor accepts in lieu of its claim the rights acquired hereunder and agrees that this A/F/B/C may be pleaded as a defense or bar to any such suit or other proceeding.

  • The Creditor Trustee and the Assenting Creditor asserting the Disputed Claim must first to try in good faith to settle the dispute through mediation by a mutually-acceptable mediator, with each party responsible for paying 50% of any mediation fees and expenses.

  • The Creditor Trustee may settle any Disputed Claim with the applicable Assenting Creditor as the Creditor Trustee deems appropriate in his discretion, without seeking approval or consent from any court or other Assenting Creditors or Beneficiaries.

  • Any entity holding or asserting a claim against the Debtor may assert a claim against the Creditor Trust Assets and become a party to this Agreement to the extent of such claim as an Assenting Creditor by completing and executing an Assent and Proof of Claim and returning it to the Creditor Trustee at the address reflected on the Assent and Proof of Claim so that the Creditor Trustee receives it by the deadline reflected on the Assent and Proof of Claim (the “Claim Deadline”).

Related to Assenting Creditor

  • Consenting Creditors has the meaning set forth in the preamble to this Agreement.

  • Junior Creditor means any Defaulting Bank which has not (x) fully cured each and every default on its part under the Loan Documents and (y) unconditionally tendered to the Administrative Agent such Defaulting Bank’s Pro Rata Share of all costs, expenses and disbursements required to be paid or reimbursed pursuant to the terms of the Loan Documents.

  • Senior Creditor means a holder or holders of Senior Indebtedness and includes any representative or representatives, agent or agents or trustee or trustees of any such holder or holders;

  • Dissenting Stockholder has the meaning set forth in Section 2.7.

  • Dissenting Holder means a registered Company Shareholder who has validly exercised Dissent Rights in accordance with Section 3.1 and has not withdrawn or been deemed to have withdrawn such exercise of Dissent Rights and who is ultimately entitled to be paid the fair value of the Company Shares held by such registered Company Shareholder.