Creditors’ Rights Clause Samples

Creditors’ Rights. A holder of Restricted Share Units shall have no rights other than those of a general creditor of the Company. Restricted Share Units represent an unfunded and unsecured obligation of the Company, subject to the terms and conditions of the applicable Restricted Share Unit Agreement.

Creditors’ Rights. Any "creditors' rights" exception or other exclusion from coverage for voidable transactions under bankruptcy, fraudulent conveyance, or other debtor protection laws or equitable principles must be removed by either an endorsement or a written waiver.

Creditors’ Rights. All rights of creditors against the property, rights, privileges, assets and franchises of one or both of the Parties and all liens upon their property, rights and assets shall be unimpaired by the amalgamation and all debts, contracts, liabilities and duties of the Parties shall attach to the Amalgamated Corporation and may be enforced against it.

Creditors’ Rights. 1. When the obligations fail to be performed in accordance with the principal contract or the surety fails to perform as agreed under this contract, The surety and the surety’s spouse hereby irrevocably authorize the creditor, without litigation or arbitration or other legal proceedings, to directly deduct the amount of any account opened by the surety’s spouse at the creditor’s and all branches and subsidiaries of Industrial Bank, for the payment of the secured claim, and the surety and the surety’s spouse agree that the creditor has the right to determine the specific order of collection, and the creditor is in the surety When the amount is deducted from the accounts of the witness and the guarantor’s spouse, if the currency in the account is different from the currency of the secured claim, the midpoint price published by the creditor on the day of deduction shall be converted. If the account agreed herein involves financial products or structured deposits, the guarantor and the guarantor’s spouse hereby irrevocably authorize the creditor to directly initiate an application for redemption of the relevant products on behalf of the creditor or take other necessary measures to ensure that the creditor successfully deduces the said amount, and the guarantor and the guarantor’s spouse shall provide all necessary cooperation. 2. The creditor shall have the right to request the guarantor at any time to provide financial reports and financial information reflecting its business and credit standing Financial statements, personal information and other materials. 3. When the debtor fails to perform its obligations in accordance with the contract or fails to perform the provisions of this contract, regardless of whether the creditor has other security rights (including the security provided by the debtor itself and the security or guarantee provided by a third party) for the claims under the main contract, the specific security methods include but are not limited to guarantee, mortgage, pledge, letter of guarantee, standby letter of credit and any other forms of security ), the creditor has the right to first require the guarantor to bear all the joint and several guaranty liabilities under this contract, without first invoking other security rights. The guarantor voluntarily waives the defense of requiring the creditor to first perform the security of the debtor’s property and all other legal and regulatory defenses against the creditor. 4. Before or after the cla...

Creditors’ Rights. Any "creditors' rights" exception or other exclusion from coverage for voidable transactions under bankruptcy, fraudulent conveyance, or other debtor protection laws or equitable principles must be removed by either an endorsement or a written waiver and an affirmative creditors’ rights endorsement (ALRA Endorsement 21) must be added.

Creditors’ Rights. As a holder of Restricted Stock Units, you will have no rights pursuant to this Agreement other than those of a general creditor of the Company. RSUs represent an unfunded and unsecured obligation of the Company, subject to the terms and conditions of this Agreement.

Creditors’ Rights. A holder of Restricted Stock Units shall have no rights other than those of a general unsecured creditor of the Company. Restricted Stock Units represent an unfunded and unsecured obligation of the Company, subject to the terms and conditions of the applicable Award Agreement.

Creditors’ Rights i. When the debtor fails to perform its obligations under the master contract or the surety fails to perform the obligations under this contract, The surety and the surety’s spouse hereby irrevocably authorize the creditor, without litigation or arbitration or other legal proceedings, to directly debit the surety for the payment of the secured claim from any account opened by the surety’s spouse at the creditor’s and all branches and subsidiaries of the Bank. The surety and the surety’s spouse agree that the creditor has the right to determine the specific order of collection When the amount is deducted from the account of the guarantor and the guarantor’s spouse, if the currency in the account is different from the currency of the secured claim, the midpoint price published by the creditor on the day of deduction shall be converted. If the agreed account involves products such as financial products or structured deposits, the guarantor and the spouse of the guarantor hereby irrevocably authorize the creditor to directly initiate an application for redemption of the relevant products on behalf of the creditor or take other necessary measures to ensure the smooth deduction of the said amount by the creditor, and the guarantor and the spouse of the guarantor shall provide all necessary cooperation.

Creditors’ Rights. Borrower waives presentment and demand for payment, notice of dishonor, protest and notice of protest of the Note. Borrower hereby acknowledges that Lender shall be entitled to recover, and the undersigned agrees to pay when incurred, all reasonable costs and expenses of collection of the Note, including without limitation, reasonable attorneys’ fees. The right to plead any and all statutes of limitations as a defense to any demands hereunder is hereby waived to the full extent permitted by law. Borrower and Lender consent irrevocably to personal jurisdiction in the state and federal courts located in Denver, Colorado for the resolution of any disputes arising hereunder or relating hereto.