Approved Trade Creditor definition

Approved Trade Creditor means a trade creditor who elected to participate in the Trade Credit Program established under the Final DIP Order and provided post-petition trade credit thereunder.
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Approved Trade Creditor means a trade creditor who executed a Trade Agreement.
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Approved Trade Creditor and "Approved Trade Creditors" have the meanings set forth in the recitals to this Agreement.
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Examples of Approved Trade Creditor in a sentence

  • Approved Trade Creditor status was generally afforded to any vendor that (a) was an authorized vendor of Kmart, (b) agreed to continue customary trade terms with Kmart, (c) agreed to continue to participate in Kmart's electronic data interchange program, (d) agreed to comply with Kmart's code of business conduct, and (e) agreed not to restrict business operations with Kmart's subsidiaries or international operations.

  • IN TRUST NEVERTHELESS, under and subject to the terms and conditions set forth herein, for the benefit of the Approved Trade Creditor Accountholders and for the enforcement of the payment of the Approved Trade Creditor Accounts and other Obligations, and for the performance of and compliance with the covenants and conditions of this Agreement, and the other Collateral Documents (as defined below).

  • The Collateral Trustee, including by and through its agents and employees, shall have the sole and exclusive right to take all such actions, subject to the terms of the Intercreditor Agreement, and, in furtherance thereof, no Approved Trade Creditor Accountholders shall have the right to individually exercise or enforce any rights, remedies and powers granted to the Collateral Trustee in the Collateral Documents and in this Agreement.

  • Each replacement member of the Trust Board must be an employee or designee of an Approved Trade Creditor at the time of his or her appointment to the Trust Board.

  • Further, the Collateral Trustee, for himself and his successors, does hereby declare that he will hold the Trust Estate upon the trusts herein set forth and for the benefit of all Approved Trade Creditor Accountholders.

  • The exercise by the Collateral Trustee or any Approved Trade Creditor of any right or remedy hereunder or under any other agreement, document, or instrument, or at law or in equity, shall not preclude the concurrent or subsequent exercise of any other right or remedy.

  • Any other attempted assignment by any Approved Trade Creditor without the Grantors' prior written consent, other than as set forth in the immediately preceding sentence, shall be void and shall void such Approved Trade Creditor's participation in the Program (as defined in the applicable Letter Agreement) in accordance with the applicable Letter Agreement.

  • All rights and remedies of the Collateral Trustee hereunder are cumulative of each other and of every other right or remedy which the Collateral Trustee or any Approved Trade Creditor may otherwise have at law or in equity or under any other contract or document, and the exercise of one or more rights or remedies shall not prejudice or impair the concurrent or subsequent exercise of other rights or remedies.

  • This Agreement shall terminate upon the earlier to occur of (a) date on which all Approved Trade Creditor Accounts and other Obligations that are outstanding as of the Trade Creditor Lien Termination Date have been indefeasibly paid in full and (b) the sale or other disposition of all of the Collateral and the final disposition of all Proceeds in accordance with this Agreement.

  • The Grantors agree, jointly and severally and subject to the terms and provisions of the Intercreditor Agreement, to indemnify and hold harmless the Collateral Trustee and Approved Trade Creditor Accountholders from any present or future claim for liability for any stamp or other similar tax and any penalties or interest with respect thereto, which may be assessed, levied or collected by any jurisdiction in connection with this Agreement, any Collateral Document, the Trust Estate or any Collateral.

Related to Approved Trade Creditor

  • NAIC Approved Bank means a bank that is a bank listed on the most current “List of Qualified U.S. Financial Institutions” approved by the NAIC (the “NAIC Approved Bank List”) (or any branch or related entity of such bank that qualifies as a Qualified U.S. Financial Institution in accordance with the Purposes and Procedures Manual of the NAIC Investment Analysis Office).

  • VA Approved Lender means a lender which is approved by the VA to act as a lender in connection with the origination of VA Loans.

  • Approved Lender is defined in Section 12.1.

  • Approved Bank shall have the meaning set forth in the definition of “Cash Equivalents.”

  • Approved Transaction means any transaction in which the Board (or, if approval of the Board is not required as a matter of law, the stockholders of the Company) shall approve (i) any consolidation or merger of the Company, or binding share exchange, pursuant to which shares of Common Stock of the Company would be changed or converted into or exchanged for cash, securities, or other property, other than any such transaction in which the common stockholders of the Company immediately prior to such transaction have the same proportionate ownership of the Common Stock of, and voting power with respect to, the surviving corporation immediately after such transaction, (ii) any merger, consolidation or binding share exchange to which the Company is a party as a result of which the Persons who are common stockholders of the Company immediately prior thereto have less than a majority of the combined voting power of the outstanding capital stock of the Company ordinarily (and apart from the rights accruing under special circumstances) having the right to vote in the election of directors immediately following such merger, consolidation or binding share exchange, (iii) the adoption of any plan or proposal for the liquidation or dissolution of the Company, or (iv) any sale, lease, exchange or other transfer (in one transaction or a series of related transactions) of all, or substantially all, of the assets of the Company.

  • Approved Third-Party Appraiser means each of (a) Xxxxxx, Xxxxxx & Co., (b) Xxxxxxxx Xxxxx Xxxxxx & Xxxxx Inc., (c) Lincoln International LLC (formerly known as Lincoln Partners LLC), (d) Duff & Xxxxxx Corporation, (e) Valuation Research Corporation, (f) Xxxxxxx & Xxxxxx, (g) Xxxxxx Xxxxxxxxx and (h) any other third party appraiser selected by the Borrower in its reasonable discretion.

  • Substitute Credit Support has the meaning specified in Paragraph 4(d)(i).

  • CAISO Approved Meter means any revenue quality, electric energy measurement meter furnished by Seller, that (a) is designed, manufactured and installed in accordance with the CAISO’s metering requirements, or, to the extent that the CAISO’s metering requirements do not apply, Prudent Electrical Practices, and (b) includes all of the associated metering transformers and related appurtenances that are required in order to measure the net electric energy output from the Generating Facility.

  • Licensed financial institution means a financial institution issued a license under this act.

  • foreign financial institution means an institution registered as a foreign financial institution with the Ministry of Finance in the Mexican Banking and Financial Institutions, Pensions, Retirement and Foreign Investment Funds Registry for purposes of Article 195, Section I of the Mexican Income Tax Law.

  • Participating Certified Nurse Practitioner means a Certified Nurse Practitioner who has a written agreement with the Claim Administrator or another Blue Cross and/or Blue Shield Plan to provide services to you at the time services are rendered.

  • Approved Source means Cisco or a Cisco authorized reseller, distributor or systems integrator.

  • Approved Device means a device described in Subsection 20A-21-201(4) used to

  • approved facility means any private practice, hospital, clinic or other health facility in Namibia defined in section 1 of the Hospitals and Health Facilities Act, 1994 (Act No. 36 of 1994), approved by the Council for the purpose of the training of hearing aid acoustics interns, and “facility” has a corresponding meaning;

  • Approved Manager means, in relation to each Ship, Allseas Marine S.A. a corporation organised and existing under the laws of the Republic of Liberia, having its registered office at 00 Xxxxx Xxxxxx, Xxxxxxxx, Xxxxxxx and maintaining a ship management office at Voula Center, Xxxxxxxx Xxxxxx Xxxxxx 000-000, 000 00 Xxxxx, Xxxxxx or any other company which the Agent may, with the authorisation of the Majority Lenders, approve from time to time as the technical and/or commercial manager of a Ship;

  • Canadian financial institution means (i) an association governed by the Cooperative Credit Associations Act (Canada) or a central cooperative credit society for which an order has been made under section 473(1) of that Act, or (ii) a bank, loan corporation, trust company, trust corporation, insurance company, treasury branch, credit union, caisse populaire, financial services cooperative, or league that, in each case, is authorized by an enactment of Canada or a jurisdiction of Canada to carry on business in Canada or a jurisdiction of Canada;

  • Bank Products Provider means any Lender or Affiliate of a Lender that provides Bank Products to the Borrower or any Guarantor.

  • Secured Treasury Management Agreement means any Treasury Management Agreement between any Loan Party or Subsidiary and any Treasury Management Bank; provided, that for any of the foregoing to be included as a “Secured Treasury Management Agreement” on any date of determination by the Administrative Agent, the applicable Treasury Management Bank (other than the Administrative Agent or an Affiliate of the Administrative Agent) must have delivered a Secured Party Designation Notice to the Administrative Agent prior to such date of determination.

  • Non-Participating Certified Nurse Practitioner means a Certified Nurse Practitioner who does not have a written agreement with the Claim Administrator or another Blue Cross and/or Blue Shield Plan to provide services to you at the time services are rendered.

  • Counterparty Downgrade Collateral Account means an interest-bearing account of the Issuer with the Custodian into which all Counterparty Downgrade Collateral is to be deposited.

  • Approved Training means training undertaken in a traineeship and shall involve formal instruction, both theoretical and practical, and supervised practice in accordance with a traineeship scheme approved by the relevant state training authority or NETTFORCE. The training will be accredited and lead to qualifications as set out in subclause 5(e).

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

  • An undependable Supplier/s under contract means any Supplier who do not accept the purchase order or who delays the supply of required quantities beyond the permitted delays with liquidated damages

  • Approved Entity means a body corporate that is incorporated or established under the laws of an OECD member state and which, on the occurrence of the Relevant Event, has in issue Relevant Shares.

  • Performing First Lien Bank Loans means First Lien Bank Loans which are Performing.

  • Approved tenderer means the tenderer who is approved by the Employer.