General creditor definition

General creditor means one whose claim or debt is not secured by a spe- cific right to obtain satisfaction against the particular property subject to forfeiture.
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General creditor means one whoseclaim or debt is not secured by a specific right to obtain satisfaction against the particular property subject to forfeiture.
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General creditor means a creditor of the Company who is not a Segregated PortfolioCreditor.
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Examples of General creditor in a sentence

  • UNDER THIS PLAN, SUCH RIGHT WILL BE NO GREATER THAN THE RIGHT OF ANY UNSECURED GENERAL CREDITOR OF ML & CO.

  • TO THE EXTENT THAT ANY PERSON ACQUIRES A RIGHT TO RECEIVE PAYMENTS FROM THE COMPANY UNDER THIS PLAN, SUCH RIGHT WILL BE NO GREATER THAN THE RIGHT OF ANY UNSECURED GENERAL CREDITOR OF THE COMPANY.

  • ARTICLE 16 Miscellaneous ------------- 16.1 UNSECURED GENERAL CREDITOR.

  • UNSECURED GENERAL CREDITOR STATUS OF EMPLOYEE.....................................................................................................................

  • AS A GENERAL CREDITOR The Employee, any Beneficiary of the Employee, or any person claiming through the Employee under this Agreement shall have solely the rights of an unsecured general creditor of the Company and shall have no right to look to any specific or special property of the Company to satisfy a claim for benefit payments.

  • UNDER THIS AGREEMENT, SUCH RIGHT WILL BE NO GREATER THAN THE RIGHT OF ANY UNSECURED GENERAL CREDITOR OF ML & CO.

  • I FURTHER UNDERSTAND THAT I AM AN UNSECURED, GENERAL CREDITOR OF THE COMPANY TO THE EXTENT OF THE VALUE OF MY PLAN ACCOUNTS AND THAT I HAVE NO RIGHTS TO ANY SPECIFIC ASSETS OF THE PLAN OR THE COMPANY.

  • WITH RESPECT TO ANY PAYMENTS AS TO WHICH A PARTICIPANT HAS A FIXED AND VESTED INTEREST BUT WHICH ARE NOT YET MADE TO A PARTICIPANT BY THE COMPANY, NOTHING CONTAINED HEREIN SHALL GIVE ANY SUCH PARTICIPANT ANY RIGHTS THAT ARE GREATER THAN THOSE OF A GENERAL CREDITOR OF THE COMPANY.

  • TO THE EXTENT THAT ANY PERSON ACQUIRES A RIGHT TO RECEIVE PAYMENTS FROM THE EMPLOYER UNDER THE PLAN, SUCH RIGHTS SHALL BE NO GREATER THAN THE RIGHT OF ANY UNSECURED GENERAL CREDITOR OF THE EMPLOYER.

  • GENERAL CREDITOR STATUS Each participating LTIP Employee and beneficiary designated by a LTIP Employee shall be and remain an unsecured general creditor of the Company with respect to any payments due and owing to such LTIP Employee or beneficiary hereunder.


More Definitions of General creditor

General creditor means each Person who, as of the Merger Filing, is a creditor of the Company, whether or not the amount owing to such Person has been billed to the Company as of the Merger Filing.
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General creditor means one whose claim or debt is not secured by a specific right to obtain satisfaction against the particular property subject to forfeiture.
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General creditor means an unsecured creditor, irrespective of whether such creditor may by law have a priority claim to distribution of, but not a security interest in, assets of an Insolvent debtor's estate.
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General creditor means an unsecured creditor of either the Company or the Bank, irrespective of whether such creditor may by law have a priority claim to distribution of, but not a security interest in, assets of an insolvent debtor's estate, and shall include, but shall not be limited to, any holder of a deposit account at the Bank, and the Federal Deposit Insurance Corporation (or any successor thereto) insofar as it is subrogated to the claims of depositors.
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General creditor means a creditor of the Fund who is not a Protected Cell Creditor as defined in the DFSA Rulebook and the PCC Regulations.
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Related to General creditor

  • operational creditor means a person to whom an operational debt is owed and includes any person to whom such debt has been legally assigned or transferred;

  • financial creditor means any person to whom a financial debt is owed and includes a person to whom such debt has been legally assigned or transferred to;

  • Federal Credit means the Georgia Housing Tax Credit established by the federal government for the purpose of encouraging the development of affordable housing and governed by the Code.

  • 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;

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

  • 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.

  • Universal Credit means any payment of Universal Credit payable under the Welfare Reform Act 2012, the Universal Credit Regulations 2013, The Universal Credit (Consequential, Supplementary, Incidental and Miscellaneous Provisions) Regulations 2013, Universal Credit (Miscellaneous Amendments) Regulations 2013 and the Universal Credit (Transitional Provisions) Regulations 2014;

  • Creditor has the meaning set forth in Section 3.3.

  • Unsecured Creditor means the holder of an Unsecured Claim.

  • 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);

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

  • Debtor means a person who is liable on a claim.

  • Federal credit union means a credit union chartered under the Federal Credit Union Act.

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

  • Original Credit Agreement shall have the meaning assigned to such term in the recitals hereto.

  • Dual credit means the system under which an eligible high school student enrolls in college course(s) and receives credit for the course(s) from both the college and high school.

  • Senior Lender means each holder of a Senior Note.

  • Lender Creditors shall have the meaning provided in the recitals of this Agreement.

  • National Credit Act means the National Credit Act, 2005 (Act No. 34 of 2005);

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

  • Additional Credit Party means each Person that becomes a Guarantor by execution of a Joinder Agreement in accordance with Section 5.10.

  • Prepetition Lenders means those lenders party to the Prepetition Credit Agreement from time to time.

  • 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;

  • 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.

  • Financial Beneficiary means any Principal of the Developer or Applicant entity who receives or will receive any direct or indirect financial benefit from a Development, except as further described in Rule 67-21.0025, F.A.C.