Participating Creditors definition

Participating Creditors means Deed Creditors other than Non Cost Effective Dividend Recipients and Excluded Creditors;

Participating Creditors. Claims” means in relation to a Participating Creditor, the Participating Creditor’s debt payable by or claim against the Company whether present or future, certain or contingent, ascertained or sounding only in damages, the circumstances giving rise to which occurred on or before the Relevant Date.

Participating Creditors means the Creditors who are original signatories now or subsequently become parties to this Support Agreement (including by the execution and delivery of a Creditor Joinder).

Examples of Participating Creditors in a sentence

• The Conversion Price was agreed upon between the Company and the Participating Creditors based on arms’ length negotiations and taking into consideration the financial performance and condition and cash flow generation abilities of the Group and the desire of the Group to alleviate its debt burden as well as the support of the Participating Creditors for the Group’s future development.

• The Deed Administrators shall take reasonable care and endeavour to sell or otherwise realise all property, assets and rights of the Company for the best price that is reasonably obtainable having regard to Section 442C of the Act and the circumstances existing when those assets are sold and having regard to the diminution of the Company’s liabilities in general and a reduction of payments to Participating Creditors in particular.

• Small Participating Creditors (creditors claiming less than AUD10,000) have received a first and final dividend of 50 cents in the dollar in accordance with the Deeds of Company Arrangement.

• The Proposed Debt Conversion is also a show of confidence by the Participating Creditors in the future plans, viability and anticipated performance of the Group.

• In exercising any power of sale, the Deed Administrators must have regard to Section 442C of the Act and take reasonable care and endeavour to sell the relevant asset for the best price that is reasonably obtainable, having regard to the circumstances existingwhen the asset is sold and having regard to the diminution of the Company’s liabilities in general and any reduction in payments to Participating Creditors in particular.

More Definitions of Participating Creditors

Participating Creditors means the Bank Creditors and the Noteholders.

Participating Creditors means collectively the Class A Creditors and the Class B Creditors.

Participating Creditors means the Credit Agreement Creditors and the Tranche A Exchange Note Purchasers and their respective successors and permitted assigns under the Credit Agreement or the Tranche A Exchange Note Purchase Agreements (including the holders from time to time of the Tranche A Exchange Notes), as the case may be.

Participating Creditors the “Refinancing Creditors” and the “Secured Parties,” respectively, for purposes of this Agreement.

Participating Creditors shall have the meaning set forth in the recitals hereto.

Participating Creditors has the meaning specified in the introductory paragraph hereto and also includes any holder of Unsecured Financial Debt to be Restructured that may consent to the APE in the future.

Participating Creditors means the Senior Agent, the Additional Agents, the Senior Creditors, the Senior Holders, the Junior Agent, the Junior Creditors, the Junior Holders and each CE Party.