Creditor Institutions definition

Creditor Institutions means the banks referred to in article 3 of the Banking Law no. 5411, and companies referred to in article 3 of the Financial Leasing, Factoring and Financing Corporations Law No. 6361, and banks and other financial institutions established abroad which have directly made loan facilities available to debtors, and multilateral banks and institutions making direct investments in Turkey, and special purpose vehicles to be founded by these creditors for recovery and collection of their receivables, and investment funds founded for the same purpose under the Capital Market Law no. 6362; and
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Creditor Institutions means the banks referred to in article 3 of the Banking Law no. 5411 dated 19/10/2005, and firms referred to in article 3 of the Financial Leasing, Factoring and Financing Corporations Law No. 6361, Debtor means the companies, other than the institutions subject to the Banking Law no. 5411 dated October 19, 2005, the Capital Market Institutions referred to in Article 35 of the Capital Markets Law no. 6362 dated December 06, 2012, institutions governed by the Insurance Law no. 5684 dated June 03, 2007, institutions governed by the Law on Financial Leasing, Factoring and Finance Companies no. 6361 dated November 21, 2012, institutions governed by the Law on Payment and Securities Settlement Systems, Payment Services and Electronic Money Service Providers no. 6493 dated June 20, 2013.
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Examples of Creditor Institutions in a sentence

  • The Creditor Institutions which intend to become a party to this Framework Agreement, are not allowed to sign this Framework Agreement by excluding or amending some provisions thereof, or by adding new provisions, or by imposing certain conditions, or by putting reservations thereon.

  • Any provision of this Framework Agreement may be amended provided that the relevant amendment is accepted by all the Creditor Institutions being a party to this Framework Agreement and approved by the Board.

  • Now and therefore, we are hereby requesting your Creditor Institution to lead the creation of a consortium for this purpose with the participation of the Creditor Institutions and if deemed necessary and if accepted by them, with the participation of some other or all other creditor persons and entities as well.

  • The subscription of the Bonds included in the Tranche A of the Issue has been offered to all the Creditor Institutions.

  • In order to keep these records, the Columbia Union requires that non-exempt personnel record all working time on the time clock.

  • The amount of the Tranche A will be distributed by the Company among the Creditor Institutions which decide to subscribe the Bonds by means of exchange of the credits mentioned above.

  • Upon the receipt of an application, the PR shall determine the Creditor Institutions who have failed to comply with the provisions of this Agreement, and the FRCs that are based on this Agreement, and shall report them to the relevant Creditor Institutions.

  • The HSBC will not knowingly acquire, by direct or indirect means, ethnographic and archaeological specimens which it believes have been collected in contradiction of existing laws; or which have been unethically collected or alienated from their society or place of origin (even when not in violation of the relevant laws of that place).

  • New security shall be received pro rata according to the shares of receivables of all Creditor Institutions.

  • The PR shall finalize the applications filed to it through BAT or filed directly to BAT in a closed envelope accompanied by a cover letter indicating the names of the relevant Creditor Institutions, within no later than five business days, and its decisions shall be enforced by all the Creditor Institutions.

Related to Creditor Institutions

  • Minority institutions , as used in this clause, means an institution of higher education meeting the requirements of section 1046(3) of the Higher Education Act of 1965 (20 U.S.C. 1135d-5(3)) which for the purposes of this clause includes a Hispanic-serving institution of higher education as defined in section 316(b)(1) of the Act (20 U.S.C.

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

  • Minority institution means an institution of higher education meeting the requirements of Section 365(3) of the Higher Education Act of 1965 (20 U.S.C. 1067k), including a Hispanic-serving institution of higher education, as defined in Section 502(a) of the Act (20 U.S.C. 1101a).

  • credit institutions means credit institutions as defined under Directive 2006/48/EC;

  • Senior Secured Parties means the Credit Agreement Secured Parties and any Additional Senior Debt Parties.

  • the institution means the institution which the Corporation is established to conduct and any institution for the time being conducted by the Corporation in exercise of its powers under the Further and Higher Education Act 1992;

  • Creditor agency means a Federal agency to whom a debtor owes a mone- tary debt. It need not be the same agency that effects the offset.

  • Senior Lender means each holder of a Senior Note.

  • Trust Collateral Agent means such successor Person.

  • 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.

  • Senior Collateral Agent means Citicorp USA, Inc., in its capacity as Senior Collateral Agent under the Senior Collateral Documents, and its successors.

  • Equal Priority Intercreditor Agreement means the Equal Priority Intercreditor Agreement substantially in the form of Exhibit G-1 among (x) the Collateral Agent and (y) one or more representatives of the holders of one or more classes of Permitted Additional Debt and/or Permitted Equal Priority Refinancing Debt, with any immaterial changes and material changes thereto in light of the prevailing market conditions, which material changes shall be posted to the Lenders not less than five Business Days before execution thereof and, if the Required Lenders shall not have objected to such changes within five Business Days after posting, then the Required Lenders shall be deemed to have agreed that the Administrative Agent’s and/or Collateral Agent’s entry into such intercreditor agreement (with such changes) is reasonable and to have consented to such intercreditor agreement (with such changes) and to the Administrative Agent’s and/or Collateral Agent’s execution thereof.

  • Subordination Agent Has the meaning specified in the Intercreditor Agreement.

  • Member Institution means a university that is a member of CUSC/CCREU.

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

  • 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;

  • Second Lien Administrative Agent shall have the meaning assigned to the term “Administrative Agent” in the Second Lien Credit Agreement.

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

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

  • Head of the institution means the Vice-Chancellor in case of a university or a deemed to be university, the Principal or the Director or such other designation as the executive head of the institution or the college is referred.

  • Second Lien Intercreditor Agreement means the Second Lien Intercreditor Agreement substantially in the form of Exhibit H among the Administrative Agent and one or more Senior Representatives for holders of Permitted Second Priority Refinancing Debt, with such modifications thereto as the Administrative Agent may reasonably agree.

  • banking institution means a bank, bank and trust company, trust company, savings bank, private bank, or a national banking association, organized and doing business under the provisions of any law of this state, or of any other state of the United States, or under the provisions of any law of the United States of America.

  • Priority Lien Secured Parties means the holders of Priority Lien Obligations and any Priority Debt Representatives.

  • Term Loan Secured Parties means the Term Loan Representative, the Term Loan Creditors and any other holders of the Term Loan Obligations.

  • First Lien Bank Loan means a Bank Loan that is entitled to the benefit of a first lien and first priority perfected security interest on a substantial portion of the assets of the respective borrower and guarantors obligated in respect thereof.

  • 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);