judgment creditor definition

judgment creditor means the person in whose favour the judgment was given and includes any person in whom the rights under the judgment have become vested by succession or assignment or otherwise;

judgment creditor means one who has obtained a judgment against the debtor but has not yet received full satisfaction of the judgment.

judgment creditor means the party, whether plaintiff or defendant, in whose favor a money judgment has been rendered.

Examples of judgment creditor in a sentence

• Upon receipt by the Trustee of proof satisfactory to the Trustee that a Creditor is a Judgment Creditor, the Trustee shall satisfy the claim of such Judgment Creditor, to the extent possible, from the assets of the Trust, and the Trustee shall be fully indemnified hereunder in satisfying such claim.

• The indemnity in favor of the Judgment Creditor constitutes an obligation separate and independent from the other obligations contained in this Agreement, gives rise to a separate and independent cause of action, applies irrespective of any indulgence granted by the Judgment Creditor from time to time and continues in full force and effect notwithstanding any judgment or order for a liquidated sum in respect of an amount due under this Agreement or under any judgment or order.

• If the amount of the Original Currency so purchased is less than the amount originally due to the Judgment Creditor in the Original Currency, the Judgment Debtor agrees, as a separate obligation and notwithstanding the judgment, to indemnify the Judgment Creditor against any loss arising as a result of such deficiency.

• For purposes of this Section, “rate of exchange” means the rate at which the party to whom the judgment is granted (the Judgment Creditor) is able, on the Conversion Date, to purchase the Original Currency with the Judgment Currency in accordance with normal banking procedures in New York, New York.

• If the amount of the Agreement Currency so purchased is greater than the sum originally due to the Judgment Creditor(s) in such currency, the Judgment Creditor receiving such overpayment agrees to return the amount of any excess received by such entity to Borrower (or to any other Person who may be entitled thereto under applicable law).

More Definitions of judgment creditor

judgment creditor means the person in favour of whom the judgment was granted, including any other person in whom rights under the judgment have become vested;

judgment creditor means a person who has obtained or is entitled to enforce a judgment or order;

judgment creditor means a person to whom a money judgment is payable.

judgment creditor means a person who is entitled to the benefit of a monetary judgment, including a person to whom the benefit of a monetary judgment has passed (by assignment or any other way);

judgment creditor means a person entitled to enforce a judgment;

judgment creditor means a party to whom an obligation is owed under the Foreign Judgment.

judgment creditor means a person entitled to enforce a judgment for the payment of money, other than a judgment for the payment of money into court;