Examples of Creditors in a sentence
Each of the Parties agrees that the Liabilities owed by the Debtors to the Creditors pursuant to the Existing 2025 Notes Liabilities, the New 2025 Notes Liabilities and the Junior Notes Liabilities shall rank equally on a pari passu basis.
For the purposes of this clause 5, if any Creditor receives or recovers any amount or distribution in the form of Non-Cash Consideration which is subject to clause 5.1 (Turnover by the Creditors) the cash value of that Non-Cash Consideration shall be determined in accordance with clause 10.3 (Cash value of Non-Cash Recoveries).
Creditors, mainly banks, always require securities against a risk of default of payment.
Any other replacement of the Collateral Agent and/or Intercreditor Agent may occur by direction of the Majority FP Creditors and V.tal.
The Issuer Security Trustee and the other Issuer Secured Creditors may take any suit, action or proceeding arising out of or in connection with this Agreement (together referred to as Proceedings) against the Issuer in any other court of competent jurisdiction and concurrent Proceedings in any number of jurisdictions.