Creditor Value definition

Creditor Value means the "the value of [the creditor's] interest in the estate's
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Creditor Value means the “the value of [the creditor’s] interest in the estate’s
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Examples of Creditor Value in a sentence

  • Following the Certified Statement Date (and except as provided in Section 5.2.2(b)), the Seller may only distribute that portion of the Class Four Creditor Value Share that exceeds the Reserved Value Share (as defined below).

  • The Seller will not distribute any amount in respect of the Class Four Creditor Value Share or otherwise distribute assets in liquidation without providing and maintaining adequate reserves to satisfy the Seller's obligations under this Agreement and the Ancillary Agreements and all of the Seller's other liabilities and obligations, whether known or contingent.

  • Without limiting the generality of Section 5.2.1 above, except as expressly contemplated pursuant to Section 5.2.2 above, the Seller will not distribute any amount in respect of the Class Four Creditor Value Share or otherwise distribute assets in liquidation prior to the Transition Period Termination Date.

  • Without limiting the generality of Section 5.2.1 above, the distribution of the Class Four Creditor Value Share will be subject to the provisions of this Section 5.2.2.

Related to Creditor Value

  • 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;

  • Subordinated Optimal Principal Amount With respect to each Mortgage Pool and each Distribution Date, an amount equal to the sum of the following (but in no event greater than the aggregate Class Certificate Balances of the Subordinated Certificates immediately prior to such Distribution Date):

  • Series C Liquidation Preference means a liquidation preference for each Series C Preferred Unit initially equal to $25.00 per unit (subject to adjustment for any splits, combinations or similar adjustments to the Series C Preferred Units), which liquidation preference shall be subject to increase by the per Series C Preferred Unit amount of any accumulated and unpaid Series C Distributions (whether or not such distributions shall have been declared).

  • Security Distribution As to any Mortgage Security and Security Distribution Due Date, the amount of distribution payable to the holder of such Mortgage Security in accordance with its terms.

  • Series B Liquidation Preference means a liquidation preference for each Series B Preference Unit initially equal to $25.00 per unit, which liquidation preference shall be subject to (a) increase by the per Series B Preference Unit amount of any accumulated and unpaid distributions (whether or not such distributions shall have been declared) and (b) decrease upon a distribution in connection with a Liquidation Event described in Section 17.4 which does not result in payment in full of the liquidation preference of such Series B Preference Unit.