Priority Creditors definition

Priority Creditors means creditors of the Issuer whose claims are in respect of debt and other obligations (including those in respect of bonds, notes, debentures and guarantees) which are unsubordinated, or which are subordinated (including, but not limited to, CSG Tier 2 Instruments) and which do not, or are not expressly stated to, rank pari passu with, or junior to, the obligations of the Issuer under the Notes and/or any Parity Obligation.

Priority Creditors means creditors of the Issuer whose claims are in respect of obligations (including those in respect of bonds, notes, debentures and guarantees) which are unsubordinated or which otherwise rank, or are expressed to rank, senior to claims in respect of the Notes and/or any Parity Obligation.

Priority Creditors means the Senior Finance Parties and our secured hedge counterparties;

Examples of Priority Creditors in a sentence

• If the Second Priority Representative does not exercise such right within 30 days after the first date on which a Purchase Event occurs, the First Priority Representative and the First Priority Creditors shall have no further obligations pursuant to this Section 5.12 for such Purchase Event and may take any further actions in their sole discretion in accordance with this Agreement and the other First Priority Documents.

• Upon enforcement of any of the Subsidiary Guarantees, all proceeds from such enforcement shall be applied in accordance with the Intercreditor Agreement, first towards the claims of the Priority Creditors and thereafter towards the claims of the Holders.

• Except to the extent expressly set forth in this Agreement, each Junior Priority Agent, for itself and on behalf of the Junior Priority Creditors represented thereby, agrees that no Junior Priority Agent or Junior Priority Creditor will take any action that would interfere with any Exercise of Secured Creditor Remedies undertaken by any Senior Priority Agent or any Senior Priority Creditor under the Senior Priority Documents with respect to the Collateral.

• Each Junior Priority Agent, for and on behalf of itself and the Junior Priority Creditors represented thereby, agrees that no payment by such Junior Priority Agent or any such Junior Priority Creditor to any Senior Priority Agent or Senior Priority Creditor pursuant to the provisions of this Agreement shall entitle such Junior Priority Agent or Junior Priority Creditor to exercise any rights of subrogation in respect thereof until the Discharge of Senior Priority Obligations shall have occurred.

• Upon enforcement of any of the Subsidiary Guarantees, all proceeds from such enforcement shall be applied in accordance with the Intercreditor Agreement, first towards the claims of the Stabilization Priority Creditor and thereafter towards the claims of the other Priority Creditors, including the Holders.

More Definitions of Priority Creditors

Priority Creditors means the Senior Finance Parties and the Hedge Counterparties.

Priority Creditors. The United States of America, to the extent entitled to priority under 31 U.S.C. Section 3713 and those Creditors who would be entitled to priority under Section 507(a) of the United States Bankruptcy Code in effect on the date hereof, as modified in Section 4.7 below. Claims of the Pension Benefit Guaranty Corporation ("PBGC") shall be considered a debt due The United States of America under 31 U.S.C. Section 3713.

Priority Creditors means creditors of the Issuer whose claims are in respect of debt and other obligations (including those in respect of bonds, notes, debentures and guarantees) that are unsubordinated, or that are subordinated (including, but not limited to, CSG Tier 2 Instruments) and that do not, or are not expressly stated to, rank pari passu with, or junior to, the obligations of the Issuer under the Notes and/or any Parity Obligation.Redemption, Substitution or Variation . . . Unless previously redeemed or purchased and cancelled,and provided that no Write-down Event has occurred on or prior to the applicable date of notice or date fixed for redemption and subject to certain conditions as described in Condition 8 (Redemption, Substitution, Variation and Purchase), the Notes will be redeemable at the option of the Issuer, in whole but not in part, upon giving not less than ten and not more than 60 days’ notice to Holders notifying the date fixed for redemption, in the following circumstances:

Priority Creditors means all creditors of the Debtor holding claims entitled to priority by §§ 507(a)(3), 507(a)(4), 507(a)(5), and 507(a)(6) of the Bankruptcy Code, as the same are allowed, approved, and Ordered paid by the Court.

Priority Creditors means the creditors of the Company in respect of the Priority Debt. “Priority Debt” means the Senior Debt and the Junior Debt.

Priority Creditors means those Creditors with Priority Claims that are Proven Claims.

Priority Creditors means the Senior Finance Parties and our secured hedge counterparties; “Refinancing Facilities Agreement” is defined to include any agreement under which debt facilities are