Existing Creditors definition

Existing Creditors. Committee" means the creditors' committee of the Company established in accordance with paragraph 57 of Schedule B1 to the Insolvency Act;

Existing Creditors means the Lenders (as defined in the Existing Facility Agreement).

Existing Creditors the Lender, as lender under the Existing Credit Agreement, together with all successors, assigns, participants thereof or therewith and other Persons to which any amounts are owed pursuant to the Existing Financing Documents.

Examples of Existing Creditors in a sentence

• ESL's appointment by the Company as Placement Agent shall commence upon the date of the execution of this Agreement, and shall continue until and through July 31, 1998, unless (i) the Shares shall be completely sold prior to that date, (ii) the offering has been terminated by written agreement between ESL and the Company, or (iii) this Agreement shall be terminated at a prior date as provided herein.

• Furthermore, the Company hereby consents to permit Bristol and its designees to negotiate and purchase the senior debt from the Existing Creditors, and agrees to honor the transfer of any such senior debt from the Existing Creditors to Bristol and/or its designees, provided that such transfer complies with all applicable laws, rules and regulations, and Bristol and its designees shall have received all required consents and authorizations for such transfer.

• The rights and obligations of the Creditors under this Agreement may be assigned to or assumed to a transferee of the Debentures (as defined in the Existing Creditors Securities Purchase Agreement and as defined in the New Creditors Securities Purchase Agreement), as applicable.

• The Existing Creditors shall have received a copy of the Amendment to Trademarks Security Agreement, dated as of the Restructuring Effective Date, duly executed by the Company, Metro Networks Communications, Inc.

• Each of LSQ and each Existing Agent, on behalf of the applicable Existing Creditors, agrees that, until the other set of Creditors’ Claims have been indefeasibly paid in full, such Creditor shall not seek relief, pursuant to Section 362(d) of the Bankruptcy Code or otherwise, from the automatic stay of Section 362(a) of the Bankruptcy Code or from any other stay in any Insolvency Proceeding in respect of its Junior Collateral without the prior written consent of such other Creditor.

More Definitions of Existing Creditors

Existing Creditors means each of Bear Xxxxxxx Home Equity Trust, Bear Xxxxxxx International Limited, Xxxxx Xxxxxx Real Estate Securities, Inc., German American Capital Corporation and Aspen Funding Corp. and their respective successors and assigns.

Existing Creditors means Wynnman’s Hill, LLC and Bluestone Advisors, LLC.

Existing Creditors means collectively, the Existing Facility Agent, the Existing Security Trustee, the Existing Hedge Counterparty, the Existing Arrangers and the Existing Lenders and Existing Creditor means any of them

Existing Creditors the Existing Senior Creditors and the 1999 Noteholders.

Existing Creditors. WELLS FARGO FOOTHILL, INC. By: /x/ David Sanchez ------------------------------------ Name: David Sanchez ----------------------------------- Title: Vice President ---------------------------------- Address: One Boston Place 18th Xxxxx Xxxxxx, XX 00000 ----------------------------------------- ----------------------------------------- ----------------------------------------- THE STATE BANK AND TRUST COMPANY By: /s/ David A. Boyd, EVP ----------------------------------------- David A. Boyd, Executive Vice President Xxxxxxs: 401 Clinton Street Defianxx, XX 00000 --------------------------------------------- --------------------------------------------- --------------------------------------------- The "Bank" FIRST TENNESSEE BANK NATIONAL ASSOCIATION By: /s/ Bob Nieman, S.V.P. ----------------------------------------- Name: Bob Nieman Title: Senior Vice Prexxxxxx Address: -------------------------------------------- -------------------------------------------- -------------------------------------------- The undersigned, SCB COMPUTER TECHNOLOGY, INC. ("SCB"), hereby acknowledges receipt of a copy of the foregoing Intercreditor Agreement (the "Intercreditor Agreement"; all capitalized terms used and not otherwise defined herein shall have the respective meanings ascribed to them in the Intercreditor Agreement) and consents to the terms thereof. SCB acknowledges and agrees that any payments or other amounts received by a Creditor which are required to be turned over or otherwise remitted by such Creditor to the other Creditors pursuant to the terms of the Intercreditor Agreement shall not be deemed to be payments on the Claims of the Creditor who is required to turn over or otherwise remit such payments or other amounts to the other Creditors. Executed this 15th day of June, 2003. SCB COMPUTER TECHNOLOGY, INC. By: /s/ Michael J. Boling ------------------------------------- Name: Michael J. Boling ---------------------------------- Title: Executive Vice President ----------------------------------

Existing Creditors means the creditors of the Borrower as set forth on Schedule 2 attached hereto and incorporated by reference herein.

Existing Creditors means the lenders who have provided the Existing Debt.