New Creditor definition

New Creditor means a provider of New Debt.
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New Creditor means any creditor in respect of or in relation to New Debt and as further defined in the Intercreditor Agreement.
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New Creditor means a provider of New Debt which has delivered to the Security Agent a duly completed and signed Accession Agreement.
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Examples of New Creditor in a sentence

  • Joseph Checkler, Lehman’s New Creditor Plan Doesn’t Factor in Key Group, Wall Street Journal, Jan.

  • Presumption of Accuracy of the Entry in the Public Register Upon Passing of the Mortgage and the Claim to the New Creditor The mortgage and the claim are transferred to the new creditor in the same state in which they were in the hands of the former creditor.

  • Debtor’s Obligation Before the New Creditor If, after the transfer of the claim to a new creditor, the debtor pays the former creditor, this payment shall not excuse him from his obligation before the new creditor, even when he knew nothing about the transfer.43 Article 297.

  • Article 401.Defenses of the Debtor Against a Claim of the New Creditor The debtor has the right to raise against a claim of the new creditor defenses that it had against the initial creditor at the time of receipt of notice of the transfer of rights under the obligation to the new creditor.

  • Proof of the Rights of the New Creditor 1.The debtor has the right not to perform an obligation to the new creditor before the presentation to it of proof of the transfer of the claim to this person.

  • Pursuant to the transfer agreement entered into between Jilin Branch ABC and the New Creditor, Jilin Branch ABC (acting on behalf of Nongan Branch ABC) has agreed to sell to the New Creditor, and the New Creditor has agreed to purchase, among others, all of its rights and benefits of the loans mentioned in (a), (b) and (c) in the paragraph headed “(1) Breach of Loan Agreements” in this announcement.

  • The New Creditor Warrant Agreement shall be effective as of the Effective Date and, as of such date, shall be deemed to be valid, binding, and enforceable in accordance with their respective terms, and each Holder of New Creditor Warrants shall be bound thereby.

  • On the Effective Date, the New Creditor Warrants shall be issued and distributed pursuant to the Plan and in accordance with the New Creditor Warrant Agreement.

  • The Holders of New Creditor Warrants shall be deemed to be parties to, and bound by, the terms of the New Creditor Warrant Agreement (solely in their capacity as Holders of New Creditor Warrants) without further action or signature.

  • Pursuant to the transfer agreement entered into between Jilin Branch CCB and the New Creditor, Jilin Branch CCB (acting on behalf of Changchun CCB) has agreed to sell to the New Creditor, and the New Creditor has agreed to purchase, all of its rights and benefits of the loans mentioned in (d) and (e) in the paragraph headed “(1) Breach of Loan Agreements” in this announcement and the Other GBT Loans.


More Definitions of New Creditor

New Creditor means a person who becomes a Senior Creditor or Junior Creditor by acceding to this deed after the date of this deed.
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New Creditor means any creditor in respect of or in relation to New Debt and as further defined in the Intercreditor Principles and/or the Intercreditor Agreement (as applicable).
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New Creditor has the meaning given to that term in Clause 25 (Changes to the Creditors).
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New Creditor has the meaning assigned to such term in the preamble hereto.
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Related to New Creditor

  • 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;

  • 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.

  • 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;

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

  • Unsecured Creditor means the holder of an Unsecured Claim.

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

  • 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;

  • Senior Lender means each holder of a Senior Note.

  • Creditor has the meaning set forth in Section 3.3.

  • 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);

  • Senior Agent means the Person acting as agent from time to time for and on behalf of the Senior Lenders under the Credit Facility, together with its successors and assigns in such capacity.

  • Consenting Creditors has the meaning set forth in the preamble to this Agreement.

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

  • 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;

  • DIP Lender means a lender under the DIP Facility.

  • Second Lien Lenders means the “Lenders” under and as defined in the Second Lien Credit Agreement.

  • 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;

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

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

  • Second Lien Administrative Agent shall have the meaning assigned to the term “Administrative Agent” in the Second Lien Credit Agreement.

  • Second Lien Agent means has the meaning assigned to the term “Administrative Agent” in the Second Lien Credit Agreement.

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

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

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

  • Lender Group means each of the Lenders (including Issuing Bank and the Swing Lender) and Agent, or any one or more of them.

  • Bank Product Provider means Xxxxx Fargo or any of its Affiliates.