Preferent Creditor definition
Preferent Creditor means a Creditor who would have a preferent Claim against the Company as envisaged in Insolvency Law;
Preferent Creditor means a creditor whose claim enjoys preference in terms of section 89 or a provision in terms of any other Act to pay a creditor who has no preference in respect of particular assets before concurrent creditors;
Preferent Creditor means a Person who has a preferent Claim against the Company as envisaged in Insolvency Law and/or in terms of the Companies Act;
More Definitions of Preferent Creditor
Preferent Creditor means a Creditor with a Preferent Claim;
Preferent Creditor means a creditor whose claim enjoys preference in terms of any provision of this Act or a or a similar preference in terms of any other Act;
Preferent Creditor means a creditor whose claim enjoys preference which entitles the creditor to be paid from proceeds of incumbent assets before concurrent creditors;
Preferent Creditor means a creditor whose claim enjoys preference in terms of section 80(2) or
Preferent Creditor means, as the context may require, a BR-
Preferent Creditor means a Creditor having a preferent Claim against the Company as envisaged in terms of the Insolvency Act.
Preferent Creditor means, as the context may require, a Commencement Date Creditor or a Post Commencement Claim, that would rank in whole or in part as a statutory preferent claim as defined in section 2 of the Insolvency Act;