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

• Creditor has made no representation to Guarantor as to the creditworthiness of Debtor.

• No promises of any kind have been made by Creditor or any third party to induce Guarantor to execute this Agreement.

• Each Subordinated Creditor agrees not to initiate, prosecute or participate in any claim, action or other proceeding challenging the enforceability, validity, perfection or priority of the Senior Debt.

• For clarity, and notwithstanding anything to the contrary in this Agreement, the Issuer and Subordinated Creditor may agree to cancel or discharge any of the Subordinated Debt without making any cash payment or convert or exchange any of the Subordinated Debt into or for any equity interest.

• Any loan made by Debtor to Guarantor shall be subject to applicable previsions of the Loan Agreement and deemed subordinate in all respects to Debtor’s obligations to Creditor.

More Definitions of Creditor

Creditor means a person who has 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 Holder of a Claim.

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 a person that has a claim.

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 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.