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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 Creditor represents and warrants that no other person or entity has any interest in the matters released herein, and that it has not assigned or transferred, or purported to assign or transfer, to any person or entity all or any portion of the matters released herein.

  • Delivery of these documents in accordance with this Section 7 is an express condition precedent to obligation of the Parent to issue the Shares to the Creditor.

  • Upon a termination in accordance with this Section 10(b), and except as expressly stated otherwise in this Agreement, the Company and Parent shall not have any further obligation or liability (including as arising from such termination) to the Creditor.

  • For and in consideration of the issuance of the Shares to the Creditor, the Debt shall be deemed to be repaid in full, and the Company and Parent shall have no further obligations in connection with the Debt to the Creditor.

  • Creditor shall mark the original loan or financing agreement and any underlying original promissory note or other instrument evidencing the Debt as “PAID IN FULL” and tender those loan or financing agreements and promissory note or other instrument to the Parent within five (5) days after the Closing.


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.