Eligible Debtor definition

Eligible Debtor means a Debtor having the characteristics described in detail in article 8 of each Receivables Purchase Agreement.

Eligible Debtor means any person who satisfies the eligibility criteria in section 5 of this Code;

Eligible Debtor means any individual debtor or joint debtor in a case filed under Chapter 7, 11, 12 or 13 of the Bankruptcy Code who has paid in full their bankruptcy case filing fee and is a borrower in an Eligible Loan on Eligible Property. The term “Debtor” may mean the debtor’s attorney (if represented) unless the context requires otherwise. Where a debtor is not represented by an attorney, the term “Debtor” may also mean self-represented debtor.

Examples of Eligible Debtor in a sentence

• Further, as set out in item (b) of the Eligibility Criteria each Debtor must be an Eligible Debtor.

• Further, the Eligible Criteria require, that each Debtor is an Eligible Debtor.

• Further, as set out in item (d) of the definition of the Eligible Debtor, the Debtor is a resident in Germany.

• Before the filing of the petition referred to in section 35-603, the Eligible Debtor shall adopt a resolution authorizing the filing thereof and authorizing its duly and regularly elected or appointed attorney, or special counsel appointed for such purpose, to file the petition and to represent the Eligible Debtor in the proceedings with respect thereto in the United States district court having jurisdiction thereof.

• Filing petition; payment of expenses Any Eligible Debtor in this state is authorized to file the petition provided for in the federal bankruptcy statute and to incur and pay the expenses thereof and any and all other expenses necessary or incidental to the consummation of the plan of readjustment contemplated in such petition or as it may be modified from time to time.

More Definitions of Eligible Debtor

Eligible Debtor has the meaning set out under the Schedule 4 (Eligible Receivables and Eligible Debtors);

Eligible Debtor at any relevant time:

Eligible Debtor means a Debtor that satisfies each of the criteria set out below (as well as any further criteria set out in the applicable Local Receivables Purchase Agreement) as of the applicable Eligibility Test Date: it is an Included Debtor; it is not an Affiliate of any member of the Parent Group; subject to item (n) below, it is not a Defaulted Debtor; it is not, to the best of the knowledge of the relevant Seller, Insolvent or subject to Insolvency Proceedings; to the best of the relevant Seller's knowledge, it has not been declared Insolvent nor has a court granted its creditors a final non-appealable right of enforcement or material damages as a result of a missed payment within 3 years prior to the relevant Eligibility Test Date and has not undergone a debt restructuring process with regard to any of its non-performing receivables within 3 years prior to the Eligibility Test Date, provided that such Seller shall have no obligation to perform checks additional to those it would usually perform as Seller or Servicer solely for the purpose of determining whether these events have occurred in respect of the relevant Debtor; it is a legal entity incorporated and acting from an Eligible Debtor Jurisdiction, and if it acts from an establishment located outside its jurisdiction of incorporation both the jurisdiction of its incorporation and the jurisdiction of its establishment shall be required to be Eligible Debtor Jurisdictions in accordance with the definition thereof; it is a corporate entity acting in its ordinary course of business; it is not an entity owing a payment under a Receivable which is already subject to (or offered to sale under) any securitisation, factoring or invoice discounting transaction or any other transaction having similar legal content and/or effect, entered into by any of the Sellers, other than the Programme; it is identified with a unique ID number (as determined by the Programme Manager) in the system of the Applicable Seller; it is not entitled to claim immunity from suit, execution, attachment or other legal process in any proceedings taken its jurisdiction of incorporation in relation to the Receivables; it is neither an individual nor an entity which benefits from any applicable consumer protection laws or regulations including but not limited to the Consumer Credit Directive (2008/48/EC) of the European Union as may be updated or replaced from time to time or any implementing legislation in any Member State of the European Union; ...

Eligible Debtor means a Debtor having, on the given date, all of the characteristics set forth under Clause 8.

Eligible Debtor has the meaning specified in Article 2.3.

Eligible Debtor means, in relation to an Eligible Debt Instrument or a Guaranteed Debt Instrument, the debtor liable for the payment of Qualifying Principal and Qualifying Interest under that Eligible Debt Instrument or Guaranteed Debt Instrument.

Eligible Debtor means “municipality” as broadly defined in the federal bankruptcy statute, including any political subdivision, public agency or instrumentality of the State of Arizona, such as any local government, taxing district, or independent pension fund operating under A.R.S. §§ 38-712, et seq., 38-801, et seq., 38-841, et seq., 38-882, et seq., or local law.