Existing Creditors definition

Existing Creditors. Committee" means the creditors' committee of the Company established in accordance with paragraph 57 of Schedule B1 to the Insolvency Act;

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Existing Creditors means Wynnman’s Hill, LLC and Bluestone Advisors, LLC.

Existing Creditors means the Lenders (as defined in the Existing Facility Agreement).

Examples of Existing Creditors in a sentence

In each case, the 363 Transaction and the Chapter 11 Plan will be conditional on (among other things) approval of all Court Supervised Arrangements by the requisite majority of Existing Creditors, sanction by the English Court and/or the Singapore Court (as the case may be) and satisfaction of the conditions set out therein.
In the event that the Liens held by Existing Creditors are terminated and released, the Company shall agree to provide the Holders with a first lien on all of the property of Quintessence.
This Agreement constitutes the legal valid and binding obligation of such Person, enforceable against the Existing Creditors and Smoore, as the case may be, in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, or similar laws affecting the enforcement of creditors’ rights generally and by equitable principles.
Furthermore, the Company hereby consents to permit Bristol and its designees to negotiate and purchase the senior debt from the Existing Creditors, and agrees to honor the transfer of any such senior debt from the Existing Creditors to Bristol and/or its designees, provided that such transfer complies with all applicable laws, rules and regulations, and Bristol and its designees shall have received all required consents and authorizations for such transfer.
The provisions of this Agreement are solely for the purpose of defining the relative rights of New Lender and the Existing Creditors and shall not be deemed to create any rights or priorities in favor of any other Person, including, without limitation, any Obligor.

More Definitions of Existing Creditors

Existing Creditors means each of Bear ▇▇▇▇▇▇▇ Home Equity Trust, Bear ▇▇▇▇▇▇▇ International Limited, ▇▇▇▇▇ ▇▇▇▇▇▇ Real Estate Securities, Inc., German American Capital Corporation and Aspen Funding Corp. and their respective successors and assigns.

Existing Creditors the Lender, as lender under the Existing Credit Agreement, together with all successors, assigns, participants thereof or therewith and other Persons to which any amounts are owed pursuant to the Existing Financing Documents.

Existing Creditors means collectively, the Existing Facility Agent, the Existing Security Trustee, the Existing Hedge Counterparty, the Existing Arrangers and the Existing Lenders and Existing Creditor means any of them

Existing Creditors means persons who (1) hold one or more claims (as defined in 11 U.S.C. Section 101(5)) against the Company or one or more of the Affiliates as of the Effective Date, and (2) have not, prior to consummation of a transaction that would constitute a "Change in Control," executed a confidentiality agreement with the Company to perform due diligence in connection with the marketing effort commenced on behalf of the Company and the Affiliates by American Marine Advisors, Inc. Notwithstanding these occurrences, a sale, gift or other transfer of equity interests in the Debtors that does not provide a material benefit to the estates in the Chapter 11 Case will not be deemed a change in control.

Existing Creditors means, collectively, the ▇▇▇▇▇▇▇ Lenders, the ▇▇▇▇▇▇ Lenders, the ▇▇▇▇▇▇▇ Agent and the ▇▇▇▇▇▇ Agent.

Existing Creditors means the lenders who have provided the Existing Debt.

Existing Creditors the Existing Senior Creditors and the 1999 Noteholders.