Creditor’s right definition
Creditor’s right or “main creditor’s right” refers to the creditor’s right (including principal, interest penalty, compound interest, liquidated damages, expenses for realizing creditor’s right, etc.) which the borrower (debtor) submits to the lender (creditor) for application and the lender (creditor’s right) has provided to the borrower in accordance with this Contract after the lender has approved the application The content of the creditor’s right is consistent with the borrower’s debt to the lender under this Contract. “The creditor’s expenses for realizing the creditor’s rights” refers to the litigation (arbitration) fees, attorneys’ fees, travel expenses, enforcement expenses, security expenses and other expenses for realizing the creditor’s rights paid by the lender when the borrower realizes the creditor’s rights by means of litigation, arbitration, applying to a notary agency for issuance of execution certificates, etc
Creditor’s right or “main creditor’s right” refers to the creditor’s right formed by the borrower (debtor) applying to the lender (creditor) and the lender providing the borrower with financing in accordance with this Contract after examination and approval (including principal, interest, penalty interest, compound interest, liquidated damages, the creditor’s expenses for realizing the creditor’s right, etc.). The creditor’s right owned by the Lender against the Borrower under this Contract corresponds to the borrower’s debt to the Lender under this Contract. “Expenses incurred by the creditor to realize the creditor’s rights” shall mean litigation (secondary) fees, attorneys’ fees, travel expenses, enforcement expenses, security expenses and other expenses incurred by the Lender in realizing the creditor’s rights by means of litigation, arbitration, applying to a notary agency for issuance of enforcement certificates, etc.
Creditor’s right or “Principal Creditor’s Right” refers to the Creditor’s Right formed according to the financing provided for the Borrower hereunder (including principal, interest, penalty interest, compound interest, penalty, liquidated damages, the Expense Incurred by the Creditor in Realizing the Creditor’s Right, etc.) that the Borrower (debtor) applies from the Lender (creditor) and the Lender (creditor) reviews and approves. The Creditor’s Right against the Borrower hereunder shall correspond to the Borrower’s debt hereunder. “Expense Incurred by the Creditor in Realizing the Creditor’s Right” refers to the litigation (arbitration) fees, legal fees, travel expenses, execution fees, preservation fees and other expenses for the realization of the Creditor’s Right paid by the Lender when it takes an action, arbitration, applies to a notary agency for the issuance of an enforcement certificate to realize the Creditor’s Right.
More Definitions of Creditor’s right
Creditor’s right or the principal creditor’s right refers to the creditor’s right arising from the financing provided to the Borrower in accordance with this Contract after the Borrower (the debtor) made an application to the Lender (the creditor) and the Lender approved after audit (including the principal, the interest, the penalty interest, the compound interest, liquidated damages, damage awards and fees on the realization of the creditor’s right by the creditor). The creditor’s right against the Borrower owned by the Lender hereunder shall be consistent with the debts of the Borrower to the Lender hereunder. “Fees on the realization of the creditor’s right by the creditor” refer to the lawsuit (arbitration) fees, the lawyer’s fees, the travelling fees, the enforcement fees, the maintenance fees and other fees on the realization of the creditor’s right through lawsuit, arbitration, application for the issuance of the enforcement certificate by notary authorities and other means adopted by the Lender.
Creditor’s right or “Principal Creditor’s Right” refers to the RMB creditor’s right (including the principal, interest, default interest, compound interest, liquidated damages, compensatory damages and other expenses of the Creditor to realize its creditor’s right) enjoyed by the Lender for providing capital financing to the Borrower according to this Contract, which has been applied by the Borrower (the Debtor) to the Lender (the Creditor ) and has been examined and approved by the Lender. The Lender and the Borrower (hereinafter referred to as “the Parties”) have both agreed and confirmed that, the Creditor’s Right enjoyed by the Lender over the Borrower under this Contract shall be consistent with the debt owed by the Borrower to the Lender under this Contract.
Creditor’s right means the right of any creditor of the Vendor to make a higher bid for the Shares as provided in article 256 paragraph 3 of the Swiss Federal Statute on Debt Enforcement and Bankruptcy;