Loan creditor definition

Loan creditor means a creditor in respect of:
Sample 1Sample 2Sample 3
Loan creditor in relation to a company, means a creditor in respect of any debt incurred by the company-
Sample 1Sample 2
Loan creditor means a creditor in respect of: - any debt incurred by the company for any money borrowed or capital assets acquired by the company, - any right to receive income created in favour of the company, - consideration, the value of which to the company was (at the time the debt was incurred) substantially less than the debt (including any premium on the debt) or any redeemable loan capital issued by the company. The following interests should not be included: debts that have arisen purely as a consequence of an arm‟s length trading relationship with a company, shareholdings that amount, in total, to 1% or less of the company‟s issued share capital, holdings in Guernsey registered collective investment schemes.
Sample 1Sample 2

Examples of Loan creditor in a sentence

  • Eligible first-time mothers (2,727 in all) were randomly assigned to either the Healthy Families Oregon program or to a community services-as-usual control group.

  • The second are the unknown inter-dependencies between available and yet unavailable software com- ponents.

  • In previous financial statements, value linked loans were shown at the original amounts borrowed from the Commissioners, with the property purchased shown at depreciated insurance value within fixed assets.Given that the full sale proceeds on any disposal are payable to the Commissioners, the trustees decided that the accounting policy should be refined such that the Value Linked Loan creditor would match the corresponding property asset net book value at all times.

  • We draw attention to the qualification made by the auditor of a Subsidiary company SCIL Infra Con (P) Ltd in respect of understatement of Liabilities & Assets to the tune of Rs. 102.79 lakhs due to set off of payables to an individual against receivables from a company without obtaining confirmation from such Unsecured Loan creditor for such set-off.

  • In 2013, only one of the 49 samples tested failed to conform to quality standards (Erythromycine cé 250mg supplied by Anm life science of India) (see Figure 11).

  • He stated that that submission may describe the commercial impact of the waiver of the rights, and concluded that both the secured note holders and Centerbridge as the Term Loan creditor had an interest in the matter, although the interest was opposed in commercial terms.

  • However he concluded that Centerbridge’s right to additional equity and Ares and Ascribe’s right to exchange debt for equity under the Unsecured Creditors’ Scheme were not such as to prevent consultation between secured note holders as a group or between the secured note holders on the one hand and Centerbridge as the Term Loan creditor on the other.

  • The accused were arrested in early May, but released for purported lack of evidence on May 31, despite Castro TojÍn's eyewitness testimony and a substantial paper trail of complaints filed by CERJ before the murder with the Human Rights Ombudsman's office alleging that the defendants had been threatening and harassing Castro and his family.

  • Loan creditor, B has agreed to accept Rs. 30,000 each and to forfeit the balance.

  • Loan creditor comprising RM18 million from Starfield Capital Sdn Bhd has remained unpaid.


More Definitions of Loan creditor

Loan creditor in relation to a company means a creditor in respect of any debt
Sample 1

Related to Loan creditor

  • Subordinate Lender means the person or entity named as such in the first paragraph of this Agreement and any other person or entity who becomes the legal holder of the Subordinate Note after the date of this Agreement.

  • Term Loan Credit Agreement has the meaning set forth in the recitals to this Agreement.

  • Subordinated Lender means each Seller, in its capacity as subordinated lender pursuant to the relevant Subordinated Loan Agreement.

  • DIP Lender means a lender under the DIP Facility.

  • Term Loan Lender means a Lender with a Term Loan Commitment or an outstanding Term Loan.

  • Senior Lender means each holder of a Senior Note.

  • Subordinated Lenders means each and every Person to whom any of the Subordinated Indebtedness are owed.

  • Term Loan Agent means “Term Loan Agent” as defined in the Intercreditor 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.

  • Prepetition Lenders means the lenders party to the Prepetition Credit Agreement.

  • Revolving Loan Lender means a Lender with a Revolving Credit Commitment or a Revolving Loan.

  • 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;

  • Bank Credit Facility means any credit agreement or working capital facility among the Company and/or its Subsidiaries and one or more lenders, as such credit agreement or working capital facility may be amended, renewed, extended, substituted, refinanced, restructured, replaced, supplemented or otherwise modified (including with other lenders) from time to time, regardless of whether any other credit agreement or working capital facility or any portion thereof was outstanding or in effect at the time of such amendment, renewal, extension, substitution, refinancing, restructuring, replacement, supplement or modification.

  • Prepetition Credit Agreement has the meaning specified in the recitals hereto.

  • Term Loan Lenders means the “Lenders” under and as defined in the Term Loan Credit Agreement.

  • New Revolving Loan Lender shall have the meaning provided in Section 2.14(b).

  • Revolving Loan Obligations means any Obligations with respect to the Revolving Loans (including without limitation, the principal thereof, the interest thereon, and the fees and expenses specifically related thereto).

  • Bid Loan Lender means, in respect of any Bid Loan, the Lender making such Bid Loan to the Borrower.

  • Bank Credit Agreement means the Credit Agreement dated as of May 9, 2005 by and among the Company, certain Subsidiaries of the Company named therein, the Administrative Agent, and the Bank Lenders and other financial institutions party thereto, as amended, restated, joined, supplemented or otherwise modified from time to time, and any renewals, extensions or replacements thereof, which constitute the primary bank credit facility of the Company and its Subsidiaries.

  • Term Loan Obligations means the “Obligations” as defined in the Term Loan Credit Agreement.

  • Swing Loan Lender means PNC, in its capacity as lender of the Swing Loans.

  • Term Loan Note means a promissory note made by the Borrower in favor of a Term Loan Lender evidencing the portion of the Term Loans made by such Term Loan Lender, substantially in the form attached as Exhibit A-3, and any substitutes therefor, and any replacements, restatements, renewals or extension thereof, in whole or in part.

  • Term Loan Secured Parties means the “Secured Parties” as defined in the Term Loan Credit Agreement.

  • Revolving Loan Agreement means that certain Revolving Credit and Security Credit Agreement dated as of the Closing Date by and among Revolving Loan Agent, the Revolving Loan Lenders and the Loan Parties, as amended, restated or otherwise modified from time to time to the extent not prohibited by the Intercreditor Agreement.

  • Revolving Loan Note means a promissory note in the form of Exhibit 2.5-1, as it may be amended, supplemented or otherwise modified from time to time.

  • Term Loan Collateral Agent means Credit Suisse, Cayman Islands Branch, as collateral agent for the lenders under the Term Loan Credit Agreement, together with its respective successors and permitted assigns under the Term Loan Credit Agreement exercising substantially the same rights and powers, or such other agent as may from time to time be appointed thereunder.