Debtor definition

Debtor as defined in 11 U.S.C. Section 101 or any successor statute thereto (unless, in the case of a petition filed against Lessee, the same is dismissed within sixty (60) days); (iii) the appointment of a trustee or receiver to take possession of substantially all of Lessee's assets located at the Premises or of Lessee's interest in this Lease, where possession is not restored to Lessee within thirty (30) days; or (iv) the attachment, execution or other judicial seizure of substantially all of Lessee's assets located at the Premises or of Lessee's interest in this Lease, where such seizure is not discharged within thirty (30) days; provided, however, in the event that any provision of this subparagraph 13.1 (e) is contrary to any applicable law, such provision shall be of no force or effect, and not affect the validity of the remaining provisions.
Debtor means one or more of the Debtors, as debtors and debtors in possession, each in its respective individual capacity as a debtor and debtor in possession in the Chapter 11 Cases.
Debtor means a person who is liable on a claim.

Examples of Debtor in a sentence

  • The Corporate Debtor cannot be heard in contending that since it entered into an Agreement with a foreign entity where clause was for settlement of dispute by arbitration under the Swiss law, Section 9 of the Code, shall be overridden by virtue of Section 45 of the Arbitration Act read with Agreement.

  • These users can initiate the simulation of the scenario by performing services such as a Debtor Identification followed by a Risk Classification Request.

  • Except as otherwise provided in the Plan or the Confirmation Order, the Debtor shall have the right to prepay, without penalty, all or any portion of any Allowed Claim at any time; provided, however, that any such prepayment shall not violate or otherwise prejudice the relative priorities and parities among the Classes of Claims.

  • Any distribution under the Plan which remains unclaimed for a period of one year after the initial distribution thereof shall be revested in the Debtor and any entitlement of the holder of such Claim to such distribution shall be extinguished and forever barred.

  • Consistent with the provisions of the Plan, the Receiver shall pay all Allowed Class 2 Claims in full with available cash of the reorganized Debtor.

More Definitions of Debtor

Debtor means a borrower of money or a purchaser or lessee of goods, services, property, rights or privileges for which payment is arranged through a credit transaction.
Debtor means a chargor under a security agreement, a conditional buyer under a title reservation agreement, a lessee under a leasing agreement or a person whose interest in an object is burdened by a registrable non-consensual right or interest;
Debtor means one of the Debtors, in its individual capacity as a debtor in these Chapter 11 Cases.
Debtor means a person that is liable on a claim.