Second Creditor definition

Second Creditor means a Second Lender, the Second Hedge Counterparty or the Second Facility Agent.
Sample 1
Second Creditor means a Second Lender, the PXF Facility Agent or any person that accedes to this Deed as a Second Creditor. "Second Debt" means all Liabilities payable or owing by the Company or the Parent to a Second Creditor secured under the Second Security Agreements. "Second Security" means any Security Interest described in the Second Security Agreements, to the extent it relates to the Export Proceeds. "Second Security Agreements" means the security agreements listed in Schedule 2 (Security Agreements) as the second security agreements. "Security" means the First Security or the Second Security. "Security Interest" means a mortgage, charge, pledge, lien or other security interest securing any obligation of any person or any other agreement or arrangement having a similar effect. "Subsidiary" means any person (referred to as the "first person") in respect of which another person (referred to as the "second person"):
Sample 1
Second Creditor means a Second Lender, the PXF Facility Agent or any person that accedes to this Deed as a Second Creditor.
Sample 1

Examples of Second Creditor in a sentence

  • Bank has priority: by searching the mortgage records, Second Creditor should have been on notice that the first mortgage was intended as security for the entire line of credit, although the line was doled out over time.

  • The Second Creditor Committee Meeting: the Committee Voted to Liquidate Doe Run Peru; the Liquidator Continued Challenging the Ministry’s Credit 97.

  • Holders of Allowed Bank Secured Claims will receive on the Effective Date or as soon thereafter as practical a Pro Rata Share of (a) $182.2 million in principal amount of the New Senior Secured Notes; (b) $91.1 million in principal amount of the New Subordinated Senior Notes; (c) 91.1% of the Cash Distribution; (d) 13,786,252 shares of New Common Stock to be issued on the Effective Date; and (e) 91.1% of the Second Creditor Swing Shares.

  • At the Second Creditor Meeting, the creditors resolved that the Deed of Company Arrangement (DOCA) proposal presented by First Guardian Synergy Capital Limited (First Guardian) be accepted by the Company.

  • The Board of Directors is, therefore, of the view that the offering of the newly issued shares to these four persons in a private placement scheme at the offering price of Baht 0.30 is reasonable and will bring the optimum benefit to the Company rendering that the Company will be able to make debtrepayment to the First Creditor Bank and the Second Creditor Bank as per the due date for the repayment specified in the Debt Restructuring Agreement.

  • That leaves us with the contention of the appellant, raised for the first time, that the appellant requires the suit shop for his personal and bonafide need.

  • For debt repayment to the First Creditor Bank and the Second Creditor Bank and both First Creditor Bank and Second Creditor Bank have agreed to expand the repayment due date within December 2014 and the remaining shall be used as the Company’s revolving capital for the Company’s business operations in the future.

  • Accordingly, all CIAC Members are expected to report violations or wrongdoings which occur in the course of the performance of the services from cycling instructors.

  • Creditor contends that at minimum more10 information is needed regarding how Debtors will be able to fund11 the plan.12 Second, Creditor argues that Debtors have not demonstrated13 that they have disposable income to fund the plan since Debtors14 have not shown that they have signature authority over corporate15 funds.

  • Authority to disclose information The Borrower irrevocably and unconditionally authorises the Second Creditor to disclose to the Bank any information about the Borrower, the Second Creditor’s Debts and the Second Creditor’s Security.

Related to Second Creditor

  • Secured Creditor means the Trustee, the Margin Loan Provider and the holders of the ETP Securities.

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

  • 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;

  • Affected Creditor means a creditor whose claim relates to a liability that is reduced or converted to shares or other instruments of ownership by the exercise of the write down or conversion power pursuant to the use of the bail-in tool;

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

  • Unsecured Creditor means the holder of an Unsecured Claim.

  • 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.

  • Guaranteed Creditors means and include each of the Agent, the Collateral Agent, the Banks and each party (other than any Credit Party) party to an Interest Rate Protection Agreement or Other Hedging Agreement to the extent such party constitutes a Secured Creditor under the Security Documents.

  • Second Lien Agent means has the meaning assigned to the term “Administrative Agent” in the Second Lien 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 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.

  • Senior Lender means each holder of a Senior Note.

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

  • Senior Creditors means, (a) depositors of the Issuer, (b) creditors of the Issuer who are unsubordinated creditors of the Issuer, and (c) creditors of the Issuer whose claims are or are expressed to be subordinated to the claims of other creditors of the Issuer (other than those whose claims are in respect of obligations which constitute, or would but for any applicable limitation on the amount of such capital, constitute, Tier 1 capital or Tier 2 capital or whose claims rank or are expressed to rank pari passu with, or junior to, the claims of holders in respect of the Notes) (whether only in a Winding Up of the Issuer or otherwise);

  • Second Priority Representative means (i) in the case of the Initial Second Priority Debt Obligations covered hereby, the Initial Second Priority Representative and (ii) in the case of any other Second Priority Debt Facility, the Second Priority Debt Parties thereunder, the trustee, administrative agent, collateral agent, security agent or similar agent under such Second Priority Debt Facility that is named as the Representative in respect of such Second Priority Debt Facility in the applicable Joinder Agreement.

  • Creditor Representative means, with respect to Series 2023-2, the Indenture Trustee.

  • Senior Representative means, with respect to any series of Permitted First Priority Refinancing Debt, Permitted Second Priority Refinancing Debt or other Indebtedness, the trustee, administrative agent, collateral agent, security agent or similar agent under the indenture or agreement pursuant to which such Indebtedness is issued, incurred or otherwise obtained, as the case may be, and each of their successors in such capacities.

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

  • Second Lien Bank Loan means a Bank Loan (other than a First Lien Bank Loan and a Last Out Loan) that is entitled to the benefit of a first and/or second lien and first and/or second priority perfected security interest on all or substantially all of the assets of the respective borrower and guarantors obligated in respect thereof.

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

  • Junior Representative means, with respect to any series of Permitted Junior Debt, the trustee, administrative agent, collateral agent, security agent or similar agent under the indenture or agreement pursuant to which such Permitted Junior Debt is issued, incurred or otherwise obtained and each of their successors in such capacities.

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

  • Second Lien Claimholders means, at any relevant time, the holders of Second Lien Obligations at that time, including the Second Lien Lenders and the agents under the Second Lien Loan Documents.

  • Second Lien Credit Agreement means the Second Lien Credit Agreement, dated as of the Closing Dates thereof among the Borrower, the other Credit Parties from time to time party thereto, the Second Lien Lenders and the Second Lien Administrative Agent, as the same may be amended, restated and/or modified from time to time subject to the terms thereof.

  • Secured Party as used in this Annex means only Party B, (b) the term “Pledgor” as used in this Annex means only Party A, (c) only Party A makes the pledge and grant in Paragraph 2, the acknowledgement in the final sentence of Paragraph 8(a) and the representations in Paragraph 9.