Laurus Creditors definition

Laurus Creditors means each of Valens Offshore SPV II, Corp., Valens U.S. SPVI, LLC, Laurus Master Fund, Ltd. (In Liquidation) and Agent. “Mr. Prepaid” means Mr. Prepaid, Inc., a Florida corporation and wholly-owned subsidiary of Blackbird.
Sample 1
Laurus Creditors means Laurus and its successors and assigns of the notes and other securities issued under the Laurus Securities Purchase Agreement.
Sample 1

Examples of Laurus Creditors in a sentence

  • The terms and conditions of this Agreement shall not be amended, modified or waived in any respect without the prior written consent of each of (x) the Laurus Creditors holding at least 50.1% of the Laurus Obligations (the "Required Laurus Creditors") and (y) the Sands Creditors holding at least 50.1% of the Bridge Loan Obligations (the "Required Sands Creditors").

  • Notwithstanding the foregoing, Chaleo (One) Inc., an Affiliate of Cxxxxxx Xxxxxxx, shall subordinate repayment of the $3 million loan owed to it by Blackbird (“Chaleo Notes”) and priority of security interest under such loan only to the $1.25 million of senior indebtedness to be owed by Rapid Link to the Laurus Creditors in accordance with Section 5.8, below, but such loan from Chaleo (One) Inc.

  • Furthermore, (i) no term or condition of any Sands Document shall be amended, modified or waived in any respect without the prior written consent of the Required Laurus Creditors and (ii) no term or condition of any 2005 Laurus Document shall be amended in any respect which would be materially adverse to the value of the Shared Collateral without the prior written consent of the Required Sands Creditors.

  • If the Purchasers exercise their right under this Section 10(a) to purchase the Laurus Debt and pay the purchase price therefor, the Laurus Creditors will assign to the Purchasers all right, title and interest they have to the Laurus Documents concurrently with the transfer of the promissory notes evidencing the Laurus Debt.

  • Such Telenational Liabilities shall include the indebtedness due to the Laurus Creditors as described in Section 7.1(i) hereof.

  • On or prior to the Closing Date, Rapid Link shall have obtained the reduction of the aggregate amount owing by Rapid Link under certain senior secured notes due to the Laurus Creditors to a maximum principal amount of $1,250,000 (the “Rapid Link Debt”).

  • Notwithstanding anything herein to the contrary, (a) payments made to the Laurus Creditors in the form of equity made in accordance with Section 3 above, and (b) payments received by any Subordinated Creditor under Section 7(d) and/or Section 10 on account of the sale and/or transfer of their respective Subordinated Debt, in each case, are not subject to this Section 5.

Related to Laurus Creditors

  • Senior Creditors means the Senior Agent, the Senior Lenders and any other Person who holds Senior Indebtedness.

  • Senior Creditor means a holder or holders of Senior Indebtedness and includes any representative or representatives, agent or agents or trustee or trustees of any such holder or holders;

  • Subordinated Creditors means all creditors the indebtedness of which is subordinated, in the event of the Winding-Up of DSB, in right of payment to the claims of depositors and other unsubordinated creditors of DSB other than those whose claims rank or is expressed to rank by operation of law or contract pari passu with, or junior to, the claims of the Noteholders. For this purpose indebtedness shall include all liabilities, whether actual or contingent;

  • Unsecured Creditors means all Creditors with Concurrent Claims against the Company;

  • Senior Lenders means each of the lenders from time to time under the Senior Credit Agreement.

  • Junior Creditor means any Defaulting Bank which has not (x) fully cured each and every default on its part under the Loan Documents and (y) unconditionally tendered to the Administrative Agent such Defaulting Bank’s Pro Rata Share of all costs, expenses and disbursements required to be paid or reimbursed pursuant to the terms of the Loan Documents.

  • Senior Lender means each holder of a Senior Note.

  • Lender Creditors shall have the meaning provided in the recitals of this Agreement.

  • Secured Creditors shall have the meaning assigned that term in the respective Security Documents.

  • Senior Agent means the Person acting as agent from time to time for and on behalf of the Senior Lenders under the Credit Facility, together with its successors and assigns in such capacity.

  • Second Lien Agent means the administrative agent and collateral agent under the Second Lien Term Loan Agreement, its successors, assigns, or any replacement agent appointed pursuant to the terms of the Second Lien Term Loan Agreement.

  • Requisite Creditors of any Class shall mean each of (x) with respect to the Credit Document Obligations, the Required Banks and (y) with respect to the Other Obligations, the holders of at least a majority of all obligations outstanding from time to time under the Interest Rate Protection Agreements or Other Hedging Agreements.

  • Required Secured Creditors means (i) at any time when any Credit Document Obligations are outstanding or any Commitments under the Credit Agreement exist, the Required Lenders (or, to the extent provided in Section 13.12 of the Credit Agreement, each of the Lenders) and (ii) at any time after all of the Credit Document Obligations have been paid in full and all Commitments under the Credit Agreement have been terminated and no further Commitments may be provided thereunder, the holders of a majority of the Other Obligations.

  • Prepetition Lenders means the lenders under the Prepetition Credit Agreement.

  • Second Lien Secured Parties means the Indenture Second Lien Secured Parties and the Additional Second Lien Secured Parties.

  • Second Lien Lenders means the “Lenders” under and as defined in the Second Lien Credit Agreement.

  • Prepetition Secured Parties means the lender parties under the Prepetition Credit Facilities and the beneficial holders of the Prepetition Secured Notes.

  • Prepetition Agent means Goldman Sachs Bank USA in its capacity as administrative agent and collateral agent under the Prepetition Credit Agreement.

  • U.S. Secured Parties the “Secured Parties” as defined in the U.S. Guarantee and Collateral Agreement.

  • Debtors has the meaning set forth in the Recitals.

  • First Lien Secured Parties means (i) the Credit Agreement Secured Parties and (ii) the Additional First-Lien Secured Parties with respect to each Series of Additional First-Lien Obligations.

  • First Lien Agent has the meaning given to such term in the Intercreditor Agreement.

  • Subordinated Creditor means any creditor of Tenant which is a party to a Subordination Agreement in favor of Landlord.

  • First Lien Lenders means the “Lenders” under and as defined in the First Lien Credit Agreement.

  • Canadian Secured Parties means the Canadian Administrative Agent, the Canadian Facility Lenders, and the Banking Services Providers and Swap Counterparties who are owed any Canadian Secured Obligations.

  • Consenting Creditors has the meaning set forth in the preamble to this Agreement.