Creditor definition

Creditor has the meaning set forth in Section 3.3.

Creditor. , means a person to whom money is owed by the municipality;

Creditor means a person, including an insured, having a claim, whether:

Examples of Creditor in a sentence

• The failure of the Creditor to exercise any of the Creditor’s rights hereunder in any instance shall not constitute a waiver thereof in that or any other instance.

• Without limitation to the rights and remedies available to the Creditor at law or in equity in connection with the terms of this promissory note, the Debtor acknowledges and agrees that the performance of the Debtor of their obligations under this promissory note will also be secured by a securities pledge agreement dated December 24, 2021 to be entered into by the Debtor in favour of the Creditor.

• All payments by the Borrower to the Creditor shall be applied first to Interest that has accrued on unpaid Interest, second to accrued and unpaid Interest and third to the unpaid balance of the Principal Amount.

• Unless otherwise consented to by the Creditor in writing to the Debtor, the Principal Amount shall be paid in full not later that February 22, 2022 (the “Maturity Date”).

• The Debtor shall not assign any or all of its obligations hereunder without the prior written consent of the Creditor.

More Definitions of Creditor

Creditor means a person who has a claim.

Creditor means any Holder of a Claim.

Creditor means a chargee under a security agreement, a conditional seller under a title reservation agreement or a lessor under a leasing agreement;

Creditor means any person to whom a debt is owed and includes a financial creditor, an operational creditor, a secured creditor, an unsecured creditor and a decree-holder;

Creditor means the lender of money or vendor or lessor of goods, services or property, rights or privileges for which payment is arranged through a credit transaction, or any successor to the right, title or interest of any such lender, vendor or lessor, and an affiliate, associate or subsidiary of any of them, or any director, officer or employee of any of them, or any other person in any way associated with any of them.

Creditor means a person that has a claim.

Creditor or "principal" means a person that offers or extends credit creating a debt or a person to which a debt is owed or due or asserted to be owed or due. Creditor or principal does not include a person that receives an assignment or transfer of a debt solely for the purpose of facilitating collection of the debt for the assignor or transferor. In those instances, the assignor or transferor of the debt shall continue to be considered the creditor or the principal for purposes of this article.