Group Creditors definition
Examples of Group Creditors in a sentence
Litigation Entitlements shall be distributed to Admitted Group Creditors in accordance with Clause 12 (Post-Restructuring Litigation Recoveries), subject to such Admitted Group Creditor first complying with the Initial Distribution Requirements or the Subsequent Distribution Requirements (as applicable).
Planning and programming for Middle School and High School Youth Groups.
Group Creditors acknowledge and agree that any rights they may have against the Intra-Group Borrowers in relation to Intra-Group Liabilities are hereby subordinated to the rights of the Secured Creditors against the Obligors and the Intra-Group Borrowers in accordance with the terms of this Deed.
The Deed Administrators shall be under no obligation to recognise any assignment or transfer of rights, benefits or interests in the Group Creditor Claims after the Record Date for the purposes of calculating DOCA Creditor Entitlements under this Deed and hashave no obligations hereunder to any person other than the Group Creditors as at the Record Date.
The Second Payment shall be made in one lump sum to each of the Original Shareholders and the Group Creditors within 15 working days after the date on which all the precedent conditions set forth in Article 4.2 hereof have been satisfied, or waived by the Buyer.
EPM Recovery A Group Creditor’s “EPM Recovery” (as a fraction) is calculated by dividing (a) its individual unsecured Claim Recoveries from all Group DOCA Companies by (b) the total unsecured Claim Recoveries for all Group Creditors from all Group DOCA Companies.
Litigation Entitlements shall be distributed to Admitted Group Creditors in accordance with Clause 11 (Litigation Undertaking12 (Post-Restructuring Litigation Recoveries), subject to such Admitted Group Creditor first complying with the Initial Distribution Requirements or the Subsequent Distribution Requirements (as applicable).
The DOCAs were approved by the requisite majorities of Group Creditors on 1 September 2021 and were executed by the parties thereto on 21 September 2021.
The DOCAs were approved by the requisite majorities of Group Creditors on [⚫] 2021 and the applicable DOCAs were executed by each of the parties thereto on [●] 2021.
The Transaction Price shall be paid to the bank accounts designated by each of the Original Shareholders and the Group Creditors in writing pursuant to Article 2 hereof.