Benefited Creditors definition

Benefited Creditors means, with respect to the Borrower Guaranteed Obligations pursuant to Article X, each of the Administrative Agent, the Lenders, each LC Issuer and the Swing Line Lender and each Designated Hedge Creditor, and the respective successors and assigns of each of the foregoing.
Benefited Creditors means, with respect to the Borrower Guaranteed Obligations pursuant to Article X, each of the Administrative Agents, the Lenders, each LC Issuer, the Swing Line Lender, each Bank Product Provider and each Designated Hedge Creditor, and the respective successors and assigns of each of the foregoing.
Benefited Creditors means, with respect to the Company’s Guaranty Obligations pursuant to Article X, each of the Global Agent, the Revolver Agent, the Lenders, each LC Issuer, the Swing Line Lender, each Designated Hedge Creditor and each Designated Bank Product Creditor, and the respective successors and assigns of each of the foregoing.

Examples of Benefited Creditors in a sentence

  • As credit support for the Aggregate Obligations, on or before the Closing Date, Macerich Partnership, MAC, and the other Pledgors shall each execute and deliver to the Collateral Agent, a Pledge Agreement, pursuant to which each of them shall pledge to the Collateral Agent, for the ratable benefit of the Benefited Creditors, all of its direct and indirect ownership interest in the Subsidiary Entities identified therein.

  • Each Lender agrees promptly to (i) notify the Borrower Parties, the Administrative Agent and the Collateral Agent after any such set-off and application made by such Lender; provided, however, that the failure to give such notice shall not affect the validity of such set-off and application and (ii) pay such amounts that are set-off to the Collateral Agent for the ratable benefit of the Benefited Creditors.

  • As credit support for the Aggregate Obligations, on or before the Closing Date (1) MAC shall execute and deliver to the Collateral Agent, for the benefit of the Benefited Creditors, the REIT Guaranty, and (2) the Affiliate Guarantors shall each execute and deliver to the Collateral Agent, for the benefit of the Benefited Creditors, an Affiliate Guaranty.

  • Each Lender and Issuing Lender agrees promptly to (i) notify the Borrower Parties, the Administrative Agent and the Collateral Agent after any such set-off and application made by such Lender or Issuing Lender; provided, however, that the failure to give such notice shall not affect the validity of such set-off and application and (ii) pay such amounts that are set-off to the Collateral Agent for the ratable benefit of the Benefited Creditors.

  • In the event of a breach by the Advisor in the performance of any of the terms of this Agreement, the Administrative Agent may demand specific performance of this Agreement and seek injunctive relief and may exercise any other remedy available at law or in equity, it being recognized that the remedies of the Administrative Agent and the Benefited Creditors at law may not fully compensate the Administrative Agent and the Benefited Creditors for the damages they may suffer in the event of a breach hereof.

  • See the appendix on page 30 for a review of the progress to date.

  • Benefited Creditors shall mean, with respect to the Company’s obligations pursuant to Section 11 [Guaranty], collectively, the Administrative Agent, the Arranger, and the Lenders, and the respective successors and assigns of each of the foregoing.

  • These memos and notices willbe sent to your MCLA e-mail account and posted in common areas in each residence area.

  • The Lenders party hereto and the Borrower have agreed to amend the Credit Agreement and DBTCA has agreed to act as administrative agent on behalf of the Lenders and as collateral agent on behalf of the Benefited Creditors on the terms and subject to the conditions set forth herein and in the other Loan Documents.

  • Each Lender and the Issuing Lender agrees promptly to (i) notify the Borrower Parties, the Administrative Agent and the Collateral Agent after any such set-off and application made by such Lender or Issuing Lender; provided, however, that the failure to give such notice shall not affect the validity of such set-off and application, and (ii) pay such amounts that are set-off to the Collateral Agent for the ratable benefit of the Benefited Creditors.


More Definitions of Benefited Creditors

Benefited Creditors shall have the meaning given such term in the Pledge Agreements.
Benefited Creditors means, with respect to the Borrower Guaranteed Obligations pursuant to Article XII, each of the Administrative Agent, the Lenders, each Letter of Credit Issuer and the Swing Line Lender, each Designated Hedge Creditor and each Bank Product Creditor, and the respective successors and assigns of each of the foregoing (but in the case of a successor or assign of a Designated Hedge Creditor or a Bank Product Creditor, as applicable, solely to the extent such successor or assign meets the definition of a Designated Hedge Creditor or a Bank Product Creditor, as applicable).
Benefited Creditors means, collectively, each of the "Lenders" from time to time under, and as such term is defined in each of, the Term Loan Credit Agreement, the Interim Facility Credit Agreement and the Credit Agreement, and the Issuing Lender.
Benefited Creditors means, with respect to the Company’s obligations pursuant to Section 12, collectively, the Administrative Agent, the Arrangers, the Lenders, each LC Issuer, the Swing Line Lenders, and the respective successors and assigns of each of the foregoing.
Benefited Creditors means, with respect to the Borrower Guaranteed Obligations pursuant to Article X , each of the Administrative Agent, the Lenders, the LC Issuers, each Designated Banking Services Creditor and each Designated Hedge Creditor.

Related to Benefited Creditors

  • Affected Creditor means a creditor whose claim relates to a liability that is reduced or converted to shares or other instruments of ownership by the exercise of the write down or conversion power pursuant to the use of the bail-in tool;

  • Benefited Lender as defined in Section 10.7(a).

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

  • Secured Creditors shall have the meaning assigned that term in the respective Security Documents.

  • 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.

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

  • 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);

  • 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;

  • Unsecured Creditors means, collectively, the Preferred Creditors and the Ordinary Creditors; and

  • Senior Lenders means each of the lenders from time to time under the Senior Credit Agreement.

  • Secured Parties means, collectively, the Administrative Agent, the Collateral Agent, the Lenders, the Hedge Banks, the Cash Management Banks, the Supplemental Administrative Agent and each co-agent or sub-agent appointed by the Administrative Agent from time to time pursuant to Section 9.01(c).