to Creditors definition
Examples of to Creditors in a sentence
The Company believes that if it is liquidated under Chapter 7, the distributions to Creditors would be delayed and would be significantly lower than the distributions contemplated by and under the Plan.
Distributions under the Plan to Creditors of the Company (other than distributions to holders of Plan Trust Asbestos Claims) will be the responsibility of the Reorganized Debtors.
The Principal Debtor undertakes to the Crown that it shall not take any action to challenge or adversely affect any rights or remedies the Crown may at any time have (including by way of subrogation or indemnity, under statute, or otherwise) against the Principal Debtor which arise under or in connection with this Deed (whether as a result of the payment of any amounts by the Crown to Creditors under this Deed or otherwise).
In any case where notice or report to Creditors is given by mail, neither the failure to mail such notice or report nor any defect in any notice or report so mailed to any particular Creditor shall affect the sufficiency of such notice or report with respect to other Creditors, and any notice that is mailed in the manner herein provided shall conclusively be presumed to have been duly given.
This Guarantee shall be effective upon execution by Guarantor and delivery to Creditors.
The successor Master Collateral Agent shall mail a notice of its succession to Creditors.
If any Guarantor is or becomes liable, by endorsement or otherwise, for any indebtedness owing by Company to Creditors other than under this Guarantee, such liability shall not be in any manner impaired or affected hereby, and the rights of Creditors hereunder shall be cumulative of any and all other rights that Creditors may have against such Guarantor.
No co-agent or separate agent hereunder shall be required to meet the terms of eligibility as a successor Master Collateral Agent under this Section 7.7, and no notice to Creditors of the appointment of any co-agent or separate agent shall be required under Section 7.5.
In addition, unless otherwise specifically required, any notice the Debtors may give to Creditors hereunder may instead be given only to Agent.
Seller shall submit to Creditor(s) a copy of this Contract and any Addenda, along with any other documentation required by the Creditor(s) for approval of this sale within five (5) days after Contract acceptance.