Bank Creditor definition

Bank Creditor shall have the meaning provided in the first WHEREAS clause of this Agreement.
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Bank Creditor or "Noteholder" as used in this Agreement shall include, any assignee, transferee or successor of such Participating Creditor under the Credit Agreement or any Note Agreement, as the case may be, in accordance with the terms of and upon the effectiveness of an assignment pursuant to the Credit Agreement or a transfer of a Note pursuant to any Note Agreement, as the case may be, and any such assignee, transferee or successor shall automatically become a party to this Agreement. In addition to the foregoing, the lender(s) or purchaser(s) in respect of any indebtedness refinancing the Notes or the Loans shall be considered to be an assignee or successor of the Noteholders or the Bank Creditors, as the case may be, provided that (i) such refinancing creditors agree with the Bank Creditors or the Noteholders, as the case may be, to continue the effectiveness of this Agreement in connection with the issuance of any such refinancing indebtedness and agree in writing to be bound by all of the terms and conditions of this Agreement to the same extent as would have been the case had it been an original signatory hereto, (ii) the repayment of such refinancing indebtedness is not subordinated to the repayment of any other indebtedness of any Obligor, (iii) such refinancing indebtedness is not owed to any Obligor or any Subsidiary or Affiliate thereof, (iv) if such indebtedness refinances the Loans, the principal balance of such refinancing indebtedness does not exceed $160,000,000 in aggregate outstanding principal amount at any particular time, and (v) if such indebtedness refinances the Notes, the principal balance of such refinancing indebtedness does not exceed the outstanding principal amount of the Notes at the time of such refinancing. If required by any party to this Agreement (including in connection with the issuance of any refinancing indebtedness as contemplated above), such assignee, transferee or successor shall execute and deliver to the other parties to this Agreement a written confirmation of its assumption of the obligations of the assignor or transferor hereunder. Each of the Noteholders and Bank Creditors agrees that it shall deliver a complete copy of this Agreement to any potential assignee, transferee or successor of such Noteholder or Bank Creditor prior to the execution of any such assignment or note. Any Bank or Noteholder may, without the consent of the other Bank Creditors or the Noteholders, as the case may be, sell one or more participati...
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Bank Creditor means a Senior Creditor, a Hedging Bank or a Bridge Creditor, as the context requires or any such person who accedes to this Agreement in such capacity.
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Examples of Bank Creditor in a sentence

  • It is understood and agreed that no Consenting Bank Creditor has any duty of trust or confidence in any kind or form with any other Consenting Bank Creditor, and, except as expressly provided in this Agreement, there are no commitments among or between them.

  • This Agreement and all exhibits attached hereto may be amended only by a written agreement, signed by Bank, Creditor, and Customer.

  • Facts of the CaseShort Full Name Status Remarks Name JENV Jubilant Energy N.V. Principal Borrower EXIM Bank disbursed Loan to Jubilant Energy N.V., (JENV forshort) (Principal Borrower)EXIM Bank Creditor of JENV " "JEPL Jubilant Enpro Private Corporate Guarantor Given Guarantee of JENV in favour of EXIM Bank LimitedUnder CIRP & Contractual obligation of JEPL (CorporateJEKPL JEKPL Pvt.

  • The provisions of this agreement shall be binding upon and inure to the benefit of Bank, Creditor and Customer and their respective successors and assigns.

  • IHS Global S.A. is in compliance with the Non-Qualifying Bank Creditor Rules.

  • Upon written notice from Bank to Creditor of Bank’s agreement to release its lien on all or any portion of the Collateral in connection with the sale, transfer or other disposition thereof by Bank (or by Borrower with consent of Bank), Creditor shall be deemed to have also, automatically and simultaneously, released its lien on such Collateral, and Creditor shall upon written request by Bank, immediately take such action as shall be necessary or appropriate to evidence and confirm such release.

  • Statutory subordination is expected to be possible, following the UK transposition of the EU Bank Creditor Hierarchy Directive (2017/2399).

  • Bank Creditor C is a financial institution incorporated in the PRC with limited liability.

  • Each of the other Bank Creditors or their Designated Entities is expected to hold less than 5% of the enlarged issued share capital of the Company upon completion of the Subscriptions, assuming the maximum number of the Subscription Shares is subscribed by the relevant Bank Creditor at the Subscription Price and the maximum number of the Subscription Shares are issued and no conversion of the Convertible Bonds and no exercise of the Share Options.

  • Bank Creditor A, Bank Creditor B and Bank Creditor D are joint stock companies incorporated in the PRC with limited liability.


More Definitions of Bank Creditor

Bank Creditor means any Secured Creditor under and as defined in the Loan Agreement.
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Bank Creditor means each bank owed any amount under an agreement listed in Part 1 of Schedule 6;
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Related to Bank Creditor

  • 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;

  • 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.

  • financial creditor means any person to whom a financial debt is owed and includes a person to whom such debt has been legally assigned or transferred to;

  • Senior Lender means each holder of a Senior Note.

  • Bank Credit Agreement means the Credit Agreement dated as of May 9, 2005 by and among the Company, certain Subsidiaries of the Company named therein, the Administrative Agent, and the Bank Lenders and other financial institutions party thereto, as amended, restated, joined, supplemented or otherwise modified from time to time, and any renewals, extensions or replacements thereof, which constitute the primary bank credit facility of the Company and its Subsidiaries.

  • Bank Credit Facility means any credit agreement or working capital facility among the Company and/or its Subsidiaries and one or more lenders, as such credit agreement or working capital facility may be amended, renewed, extended, substituted, refinanced, restructured, replaced, supplemented or otherwise modified (including with other lenders) from time to time, regardless of whether any other credit agreement or working capital facility or any portion thereof was outstanding or in effect at the time of such amendment, renewal, extension, substitution, refinancing, restructuring, replacement, supplement or modification.

  • Obligated bank means the issuer of a cashier's check or teller's check or the acceptor of a certified check.

  • Bank is defined in the preamble hereof.

  • operational creditor means a person to whom an operational debt is owed and includes any person to whom such debt has been legally assigned or transferred;

  • Secured Creditor means the Trustee, the Margin Loan Provider and the holders of the ETP Securities.

  • Unsecured Creditor means the holder of an Unsecured Claim.

  • DIP Lender means a lender under the DIP Facility.

  • Subordinated Creditor means any creditor of Tenant which is a party to a Subordination Agreement in favor of Landlord.

  • Lender Group means, individually and collectively, each of the Lenders (including the Issuing Lender) and Agent.

  • Prior Lender means a syndicate of lenders with a U.S. bank as a lender and as administrative agent for all of the lenders.

  • Creditor has the meaning set forth in Section 3.3.

  • Lender Creditors shall have the meaning provided in the recitals of this Agreement.

  • Bank Product Provider means Xxxxx Fargo or any of its Affiliates.

  • Secured Bank Product Obligations Debt, obligations and other liabilities with respect to Bank Products owing by an Obligor to a Secured Bank Product Provider; provided, that Secured Bank Product Obligations of an Obligor shall not include its Excluded Swap Obligations.

  • Subordinated Lender means each Seller, in its capacity as subordinated lender pursuant to the relevant Subordinated Loan Agreement.

  • Secured Party as used in this Annex means only Party B, (b) the term “Pledgor” as used in this Annex means only Party A, (c) only Party A makes the pledge and grant in Paragraph 2, the acknowledgement in the final sentence of Paragraph 8(a) and the representations in Paragraph 9.

  • Debtor means a person who is liable on a claim.

  • Collecting bank means a bank handling the item for collection except the payor bank.

  • Senior Creditors means, (a) depositors of the Issuer, (b) creditors of the Issuer who are unsubordinated creditors of the Issuer, and (c) creditors of the Issuer whose claims are or are expressed to be subordinated to the claims of other creditors of the Issuer (other than those whose claims are in respect of obligations which constitute, or would but for any applicable limitation on the amount of such capital, constitute, Tier 1 capital or Tier 2 capital or whose claims rank or are expressed to rank pari passu with, or junior to, the claims of holders in respect of the Notes) (whether only in a Winding Up of the Issuer or otherwise);

  • Second Lien Administrative Agent means the “Administrative Agent” as defined in the Second Lien Credit Agreement.

  • DIP Agent means the administrative agent for the DIP Lenders as defined in the DIP Credit Agreement.