Corporate Debtors definition

Corporate Debtors means, collectively, BR GP, ICE AB Inc., HE Inc., FRI Inc., ICE Ltd. and SESCI, and “Corporate Debtor” means any one of them.
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Corporate Debtors means any, each and all of Horizon Auto Funding, LLC, Independent Commercial Lending, LLC, Horizon Financial Center I, LLC, Horizon Mortgage, and Horizon Financial.
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Corporate Debtors means a corporate person who owes a debt to any person;
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Examples of Corporate Debtors in a sentence

  • Rule 7(3) of the IB (Application to Adjudicating Authority for Insolvency resolution Process for Personal Guarantors to Corporate Debtors) Rules 2019, requires a copy of the Petition/Application to be served on to the guarantor and the Corporate Debtor.

  • Ordinarily, we would respect and adopttill it is shown that the Corporate Debtors the interpretation but for the reasons discussedcombinedly are joint venture company.above, we are unable to interpret the law in themanner it was interpreted in the matter of Piramal.

  • The statement showing details of the loan and security documents have been mentioned which includes guarantee agreements given by the aforesaid Corporate Debtors.As the project will be developed on the land of five Corporate Debtors, as referred to above as per the township plan, they have rightly taken plea that simultaneous CIRP should continue against them under the guidance of same Resolution Professional.

  • For the said reasons, we hold that group CIRP proceeding is required to be initiated against five Corporate Debtors.

  • NCLAT found that it is a case of joint consortium of different Corporate Debtors and thereby a group insolvency is required to develop the township on the land.

  • Further, though there is a provision to file joint application under Section 7 by the Financial Creditors, no application can be filed by the Financial Creditor against two or more Corporate Debtors on the ground of joint liability (Principal Borrower and one Corporate Guarantor, or Principal Borrower or two Corporate Guarantors or one Corporate Guarantor and other Corporate Guarantor), till it is shown that the Corporate Debtors combinedly are joint venture company.

  • The Corporate Debtors are Corporate Guarantor, and also shownas Co-Borrowers.

  • Once for same claim the CIRP is initiated against one of the Corporate Debtor after such initiation, the Financial Creditor cannot trigger CIRP against the other Corporate Debtor(s), for the same claim amount (debt).There is no bar in the Code for filing simultaneously two applications under Section 7 against the Principal Borrower as well as the Corporate Guarantor(s) or against both the Guarantors.

  • That the Resolution Applicant unconditionally and irrevocably agrees and undertakes that it shall make full disclosure in respect of itself and all its connected persons as required under Regulation 38(3) of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016, as applicable to the corporate insolvency resolution process of the Corporate Debtors.

  • Any amount to be received from these proceeds will be distributed by Liquidator to the Creditors of Corporate Debtors as per the waterfall mechanism as defined under Section 53.

Related to Corporate Debtors

  • corporate debtor means a corporate person who owes a debt to any person;

  • Corporate Documents means the Company’s Certificate of Incorporation, as amended and/or its Bylaws, as amended.

  • Corporate Defendants means Money Now Funding, LLC, a/k/a Money

  • Campus police officer means a school security officer designated by the board of education of any school district pursuant to K.S.A. 72-6146, and amendments thereto.

  • senior police officer means a police officer of, or above, the rank of inspector.

  • Chief Pretrial Services Officer (i.e., CPSO) means the individual appointed by the court to supervise the work of the court’s pretrial services staff. For the purpose of the contract, the “Chief Probation Officer” acts as the contract administrator on behalf of the Director of the Administrative Office of the United States Courts.

  • Chief Operating Officer means the Chief Operating Officer of the Corporation.

  • Corporate Group means the Corporation and its Subsidiaries treated as a single consolidated entity.

  • CFO means an individual who acted as chief financial officer of the Company, or acted in a similar capacity, for any part of the most recently completed financial year;

  • General Manager means the Officer-in-Charge of the general superintendence and control of the Zonal Railway/Production Units and shall also include the General Manager (Construction) and shall mean and include their successors, of the Successor Railway.

  • Treasury Management Bank means (a) any Person that is a Lender or an Affiliate of a Lender at the time that it becomes a party to a Treasury Management Agreement with any Loan Party and (b) any Lender on the Restatement Date or Affiliate of such Lender that is a party to a Treasury Management Agreement with any Loan Party in existence on the Restatement Date.

  • School resource officer means a law enforcement officer or police officer employed by a local law enforcement agency who is assigned to a district through an agreement between the local law enforcement agency and the district.

  • COO means Chief Operating Officer;

  • President means the President of the Corporation.

  • Senior citizen center means a facility having the primary purpose of providing services to the aged as defined in Section 62A-3-101.

  • Chief Administrative Officer or “CAO” means the administrative head of a municipality as appointed by Council under clause 86(2)(c) of the Municipal Government Act.

  • Chief means Chief Agri/Industrial, a division of Chief Industries, Inc.

  • Intake officer means a juvenile probation officer appointed as such pursuant to the authority of this

  • Police officer means every officer authorized to direct or regulate traffic, or to make arrests for violations of traffic regulations.

  • Corporate Officer means, with respect to the Recipient, its president; any vice president in charge of a principal business unit, division, or function (such as sales, administration or finance); any other officer who performs a policy-making function; or any other person who performs similar policy making functions for the Recipient. Executive officers of subsidiaries or parents of the Recipient may be deemed Corporate Officers of the Recipient if they perform such policy-making functions for the Recipient.