Loan creditor definition

Loan creditor means a creditor in respect of:
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Loan creditor in relation to a company, means a creditor in respect of any debt incurred by the company-
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Loan creditor means a creditor in respect of: - any debt incurred by the company for any money borrowed or capital assets acquired by the company, - any right to receive income created in favour of the company, - consideration, the value of which to the company was (at the time the debt was incurred) substantially less than the debt (including any premium on the debt) or any redeemable loan capital issued by the company. The following interests should not be included: debts that have arisen purely as a consequence of an arm‟s length trading relationship with a company, shareholdings that amount, in total, to 1% or less of the company‟s issued share capital, holdings in Guernsey registered collective investment schemes.
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Examples of Loan creditor in a sentence

  • Eligible first-time mothers (2,727 in all) were randomly assigned to either the Healthy Families Oregon program or to a community services-as-usual control group.

  • Loan creditor, B has agreed to accept Rs. 30,000 each and to forfeit the balance.

  • In 2013, only one of the 49 samples tested failed to conform to quality standards (Erythromycine cé 250mg supplied by Anm life science of India) (see Figure 11).

  • In previous financial statements, value linked loans were shown at the original amounts borrowed from the Commissioners, with the property purchased shown at depreciated insurance value within fixed assets.Given that the full sale proceeds on any disposal are payable to the Commissioners, the trustees decided that the accounting policy should be refined such that the Value Linked Loan creditor would match the corresponding property asset net book value at all times.

  • We draw attention to the qualification made by the auditor of a Subsidiary company SCIL Infra Con (P) Ltd in respect of understatement of Liabilities & Assets to the tune of Rs. 102.79 lakhs due to set off of payables to an individual against receivables from a company without obtaining confirmation from such Unsecured Loan creditor for such set-off.

  • International Human Rights Law and the Death Penalty for Drug Offences’ (18th International Conference on the Reduction of Drug-Related Harm, Warsaw, 15 May 2007).

  • However he concluded that Centerbridge’s right to additional equity and Ares and Ascribe’s right to exchange debt for equity under the Unsecured Creditors’ Scheme were not such as to prevent consultation between secured note holders as a group or between the secured note holders on the one hand and Centerbridge as the Term Loan creditor on the other.

  • He also rejected the submission that the fact that the unsecured Term Loan debt would take priority over the holders of the unsecured notes did not create any difference in legal rights between the secured note holders on the one hand and the Term Loan creditor on the other, but was rather a matter to which holders of senior unsecured notes would have regard in determining whether to approve the Unsecured Creditors’ Scheme.

  • The primary judge also noted that the scheme had a common legal effect on the secured note holders and the Term Loan creditor to the extent that it extended the maturity date of each facility to a common date.

  • He stated that that submission may describe the commercial impact of the waiver of the rights, and concluded that both the secured note holders and Centerbridge as the Term Loan creditor had an interest in the matter, although the interest was opposed in commercial terms.


More Definitions of Loan creditor

Loan creditor in relation to a company means a creditor in respect of any debt
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Related to Loan creditor

  • Subordinate Lender means the person or entity named as such in the first paragraph of this Agreement and any other person or entity who becomes the legal holder of the Subordinate Note after the date of this Agreement.

  • Term Loan Credit Agreement shall have the meaning set forth in the recitals hereto.

  • Subordinated Lender means each Seller, in its capacity as subordinated lender pursuant to the relevant Subordinated Loan Agreement.

  • DIP Lender means a lender under the DIP Facility.

  • Term Loan Lender means a Lender with a Term Loan Commitment or an outstanding Term Loan.

  • Senior Lender means each holder of a Senior Note.

  • Subordinated Lenders means each and every Person to whom any of the Subordinated Indebtedness are owed.

  • Term Loan Agent means “Term Loan Agent” as defined in the Intercreditor Agreement.

  • 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.

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

  • Revolving Loan Lender means a Lender with a Revolving Credit Commitment or a Revolving Loan.

  • 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;

  • Bank Credit Facility means any credit agreement or working capital facility among the Company and/or its Subsidiaries and one or more lenders, as such credit agreement or working capital facility may be amended, renewed, extended, substituted, refinanced, restructured, replaced, supplemented or otherwise modified (including with other lenders) from time to time, regardless of whether any other credit agreement or working capital facility or any portion thereof was outstanding or in effect at the time of such amendment, renewal, extension, substitution, refinancing, restructuring, replacement, supplement or modification.

  • Prepetition Credit Agreement has the meaning specified in the recitals hereto.

  • Term Loan Lenders means the financial institutions from time to time parties hereto as lenders of the Term Loan.

  • New Revolving Loan Lender shall have the meaning provided in Section 2.14(b).

  • Revolving Loan Obligations means any Obligations with respect to the Revolving Loans (including without limitation, the principal thereof, the interest thereon, and the fees and expenses specifically related thereto).

  • Bid Loan Lender means, in respect of any Bid Loan, the Lender making such Bid Loan to the Company.

  • Bank Credit Agreement means the Revolving Credit and Term Loan Agreement, dated as of January 26, 2015, by and among the Company and certain of its Subsidiaries, Bank of America, N.A., as administrative agent, and the other financial institutions party thereto, as amended, restated, joined, supplemented or otherwise modified from time to time, and any renewals, extensions or replacements thereof, which constitute the primary bank credit facility of the Company and its Subsidiaries.

  • Term Loan Obligations means the “Obligations” as defined in the Term Loan Credit Agreement.

  • Swing Loan Lender means PNC, in its capacity as lender of the Swing Loans.

  • Term Loan Note means a promissory note in the form of Exhibit B, as it may be amended, supplemented or otherwise modified from time to time.

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

  • Revolving Loan Agreement means that certain Revolving Credit and Security Agreement, dated as of the Closing Date, by and among Revolving Agent, the Credit Parties party thereto, the lenders from time to time party thereto, as amended, restated, supplemented and/or modified to the extent permitted by the terms of the Intercreditor Agreement. ​

  • Revolving Loan Note means a promissory note in the form of Exhibit B-2, as it may be amended, supplemented or otherwise modified from time to time.

  • Term Loan Collateral Agent means Credit Suisse, Cayman Islands Branch, as collateral agent for the lenders under the Term Loan Credit Agreement, together with its respective successors and permitted assigns under the Term Loan Credit Agreement exercising substantially the same rights and powers, or such other agent as may from time to time be appointed thereunder.