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

• Each Consenting Creditor will be entitled to receive the Consent Fee Notes in a principal amount equal to a quotient of (1) its Scheme Creditor Principal Amount and (2) the total Scheme Creditor Principal Amount of all Consenting Creditors.

• The Transaction Companies undertake to pay or procure the payment of the Consent Fee with respect to each Eligible Restricted Debt Instrument which has validly been made subject to the terms of the RSA by a Consenting Creditor, on or prior to the Restructuring Effective Date, as a condition of the relevant Approved Restructuring Process by way of a transfer via the Clearing Systems.

• For purpose of distribution of the Restructuring Consideration, the value of each Scheme Creditor’s entitlement shall be the Scheme Creditor Principal Amount of such Scheme 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.