Primary Creditors definition

Primary Creditors means the Senior Secured Creditors and the Senior Parent Creditors.
Primary Creditors means the Super Senior Creditors and the Pari Passu Creditors.

Examples of Primary Creditors in a sentence

  • Variations on a Common Theme: Holding Company Guarantees and Subordinated Primary Creditors The analysis above presents simplified examples of affiliate cross guaran- tees.

  • Subordinated Primary Creditors The implicit assumption so far has been that the primary creditor holding the selective-enforcement rights is not subordinated to other lenders.

  • Variations on a Common Theme: Holding Company Guarantees and Subordinated Primary Creditors 2721 1.

  • Following consideration of those representations, the valuation of the Property was reduced to €281,000.

  • Each of the Parties agrees that the Senior Liabilities owed by the Debtors to the Primary Creditors shall rank in right and priority of payment (subject to the super senior ranking of the RCF Liabilities and the Hedging Liabilities with respect to the application of proceeds set out in Clause 16 (Application of Proceeds)) pari passu and without any preference between them.


More Definitions of Primary Creditors

Primary Creditors means the super senior creditors under the Senior Secured Credit Facilities and certain designated hedging obligations and the pari passu creditors under the Notes and certain pari passu indebtedness and hedging obligations.
Primary Creditors means the ECF Creditors, the Term Loan Creditors, the ECF Hedging Creditors and the Term Loan Hedging Creditors.
Primary Creditors means the Senior Lenders and the Senior Hedge Counterparties.
Primary Creditors means the Super Senior Creditors and the Pari Passu Creditors. “Property” of a member of the Group or of a Debtor means:
Primary Creditors means the Credit Facility Creditors and the Pari Passu Debt Creditors.
Primary Creditors means the Super Senior Creditors and the Pari Passu Creditors. "Property" of a member of the Group and/or a Debtor means:
Primary Creditors means the Senior Secured Creditors and the Parallel Debt Creditor; Receiver means a receiver or receiver and manager or administrative receiver of the whole or any part of the Charged Property; Relevant Ancillary Lender means, in respect of any SFA Cash Cover, the Ancillary Lender (if any) for which that SFA Cash Cover is provided;