Debtor definition

Debtor means a person who is liable on a claim.

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 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.

Examples of Debtor in a sentence

• The Issuers will pay interest (including post-petition interest in any proceeding under any Debtor Relief Law) on overdue principal at a rate that is 1% higher than the then applicable interest rate on the Notes to the extent lawful; it will pay interest (including post-petition interest in any proceeding under any Debtor Relief Law) on overdue installments of interest, if any (without regard to any applicable grace period), at the same rate to the extent lawful.

• The Subordinated Lender waives any claim it may now or hereafter have arising out of the Senior Agent’s election, in any Insolvency Proceeding instituted under the Bankruptcy Code, of the application of Section 1111(b)(2) of the Bankruptcy Code, or under any other Debtor Relief Law, and/or any borrowing or grant of a security interest or charge under Section 364 of the Bankruptcy Code or under any other Debtor Relief Law by the Loan Parties, as debtors in possession.

• Very truly yours, [Seller Name] By: Name: [Seller Name/Authorized Representative] Cc: [Financial Advisors] [Admin Agent] Attn: Attn: Re: POWER OF ATTORNEY Date: Annex C Debtor: [ ] Case Number: [ ] Bankruptcy Court: UNITED STATES BANKRUPTCY COURT FOR THE DISTRICT OF [ ] Debtors’ cases filed in the Bankruptcy Court administered under the above-referenced Case Numbers each a “Case”, and.

• The Subordinated Lxxxxx agrees not to assert any right it may have to “adequate protection” of the Subordinated Lxxxxx’s interest in any Collateral in any Insolvency Proceeding under any or all of §361, §362, §363 or §364 of the Bankruptcy Code or any other Debtor Relief Law or otherwise, and agrees that it will not seek to have the automatic stay or any other stay lifted with respect to any Collateral without the prior written consent of the Senior Agent.

• This Agreement, which the parties hereto expressly acknowledge, is a “subordination agreement” under section 510(a) of the Bankruptcy Code, or under any other Debtor Relief Law shall be effective before, during and after the commencement of an Insolvency Proceeding with respect to any Loan Party.

More Definitions of Debtor

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 any individual, corporation, partnership, association, limited liability company or any other form or business association owing a debt to the state or any of its political subdivisions;

Debtor means one of the Debtors, in its individual capacity as a debtor and debtor in possession in the Chapter 11 Cases.

Debtor means a person that is liable on a claim.

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 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 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 30 days. Provided, however, in the event that any provision of this paragraph 13.1(d) is contrary to any applicable law, such provision shall be of no force or effect.

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 shall have the meaning specified in the preamble hereof.