Principal Debtors definition

Principal Debtors means the Obligors (other than the Guarantor).
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Examples of Principal Debtors in a sentence

  • The liability of the undersigned hereunder is unlimited and bears interest from the due date of the applicable Guaranteed Obligations at the rates set out in the Notes; provided however, that there will be no duplication of any interest payable by the Principal Debtors and the Guarantor.

  • No Noteholder shall be bound to exhaust its recourse against the Principal Debtors or others or any securities or other guarantees it may at any time hold, or pursue any other remedy against the Guarantor, before any Noteholder will be entitled to payment from the Guarantor under this Guarantee, and the Guarantor renounces all benefits of discussion and division.

  • For greater certainty, the losses shall be equal to the amount of all Guaranteed Obligations which would have been payable by the Principal Debtors but for the Indemnifiable Circumstance plus the other losses referred to in the preceding sentence.

  • A written statement of an officer of any Noteholder as to the amount of Guaranteed Obligations remaining unpaid at any time by the Principal Debtors shall constitute prima facie evidence against the Guarantor as to the amount of Guaranteed Obligations remaining unpaid at such time.

  • Obligors means collectively the Assignor, BDL, the other Owners, the Principal Debtors, Holdco, BM Ventures and any other person who from time to time executes a document in favour of the Assignee constituting a guarantee of, or security for, all or any part of the Indebtedness.

  • Under the Implementation Agreement referred to below, Thomson-Reuters has agreed with Thomson to enter into this Guarantee in respect of certain obligations of Thomson (including, without limitation, guarantees by Thomson of certain obligations of Principal Debtors (as defined below)).

  • Under the Implementation Agreement referred to below, Thomson has agreed with Thomson-Reuters to enter into this Guarantee in respect of certain obligations of Thomson-Reuters (including, without limitation, guarantees by Thomson-Reuters of certain obligations of Principal Debtors (as defined below)).

  • The Parties agree, on and with effect from the Effective Time, that the obligations of the Principal Debtors under the SPAs and of the Owners under the Security Documents shall provide for the Owners' obligations under the SPAs to be fully cross-collateralised.

  • The Guarantee is created to secure all outstanding accounts against the companies named on the list enclosed as Annex 1 to this Guarantee, - hereinafter known as the “Principal Debtors” - arising from the loan agreement (hereinafter known as the “Loan Agreement”) concluded between the Principal Debtors and the Bank on 2008, and from the Master Agreement.

  • Under the Implementation Agreement referred to below, T-R PLC has agreed with T-R Corporation to enter into this Guarantee in respect of certain obligations of T-R Corporation (including, without limitation, guarantees by T-R Corporation of certain obligations of Principal Debtors (as defined below)).

Related to Principal Debtors

  • Principal Debt means, for a Lender and at any time, the unpaid principal balance of all outstanding Borrowings from such Lender hereunder.

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

  • Second Lien Noteholders means the holders of Second Lien Notes.

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

  • Second Lien Notes Trustee “Second Lien Noteholder”, “High Yield Agent”, “HY Borrower”, “High Yield Creditor”, “High Yield Lender”, “Unsecured Agent”, “Unsecured Borrower”, “Unsecured Creditor”, “Unsecured Lender”, “Security Agent”, “Security Grantor”, “Senior Agent”, “Senior Arranger”, “Senior Borrower”, “Senior Creditor”, “Senior Guarantor”, “Senior Lender”, “Senior Secured Notes Guarantor”, “Senior Secured Notes Issuer”, “Senior Secured Notes Trustee”, “Senior Secured Noteholder”, “Subordinated Creditor”, “Permitted Affiliate Parent” or the “Company” shall be construed to be a reference to it in its capacity as such and not in any other capacity;

  • Debtors has the meaning set forth in the Recitals.

  • Prepetition means arising or accruing prior to the Petition Date.

  • Reorganized Debtors means the Debtors on and after the Effective Date.

  • Subordinated Claims means the aggregate amount of all claims admitted in the winding up or dissolution of the Issuer which rank, or are expressed to rank, junior to claims in respect of the Senior Non-Preferred Notes or other Senior Non-Preferred Claims, including (without limitation) (i) claims of creditors in respect of the Subordinated Notes and (ii) the obligations of the Issuer which constitute, or would but for any applicable limitation on the amount of such capital constitute, Tier 2 Capital, Additional Tier 1 Capital or CET1 Capital, including, for the avoidance of doubt, all claims in respect of Deferred Shares.

  • First Lien Claims means, collectively, Claims against the Debtors arising under the Prepetition Term Loan Agreement.

  • First Lien Loans means the loans made under the First Lien Credit Agreement.

  • Secured Claims means Claims held by “secured creditors” as defined in the CCAA, including Construction Lien Claims, to the extent of the Allocated Value of the Property securing such Claim, with the balance of the Claim being a Deficiency Claim, and amounts subject to section 6(6) of the CCAA;

  • First Lien Notes means the 8.000% first lien secured notes due April 1, 2027, issued by Frontier pursuant to the First Lien Notes Indenture.

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

  • Unsecured Claims means claims which are not secured by any property of the Debtor’s Estate and which are not part of any other class defined in this Plan.

  • Intercompany Loans shall have the meaning provided in Section 10.05(h).

  • Prepetition Loan Documents means the “Loan Documents” as defined in the Prepetition Credit Agreement.

  • Subordinated Class means, with respect to the Class A Notes, the Class B Notes.

  • Prepetition Collateral shall have the meaning provided in Section 3.1(b).

  • Principal Credit Facility means any loan agreement, credit agreement, note purchase agreement, indenture or similar document under which credit facilities in the aggregate original principal or commitment amount of at least $20,000,000 are provided for.

  • Term Loan Claims means any Claim on account of, arising under, derived from, or based upon the Term Loan Documents, including Claims for all principal amounts outstanding, interest, fees, expenses, costs, and other charges arising thereunder or related thereto.

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

  • Noteholder Claims means all Obligations in respect of the Notes or arising under the Noteholder Documents or any of them, including all fees and expenses of the Trustee thereunder.

  • Required Secured Creditors means (i) at any time when any Credit Document Obligations are outstanding or any Commitments under the Credit Agreement exist, the Required Lenders (or, to the extent provided in Section 13.12 of the Credit Agreement, each of the Lenders) and (ii) at any time after all of the Credit Document Obligations have been paid in full and all Commitments under the Credit Agreement have been terminated and no further Commitments may be provided thereunder, the holders of a majority of the Other Obligations.

  • Account Debtors mean all Persons who are obligated on the Receivables.

  • Second Lien Notes has the meaning set forth in the recitals hereto.