Creditor Institutions definition

Creditor Institutions means the banks referred to in article 3 of the Banking Law no. 5411, and firms referred to in article 3 of the Financial Leasing, Factoring and Financing Corporations Law No. 6361, and banks and other financial institutions established abroad which have directly made facilities available to debtors, and multilateral banks and institutions making direct investments in Turkey, and special purpose vehicles to be founded by these creditors for collection of their receivables, and investment funds founded for the same purpose under the Capital Market Law no. 6362; and,
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Creditor Institutions means the banks referred to in article 3 of the Banking Law no. 5411 dated 19/10/2005, and firms referred to in article 3 of the Financial Leasing, Factoring and Financing Corporations Law No. 6361, Debtor means the companies, other than the institutions subject to the Banking Law no. 5411 dated October 19, 2005, the Capital Market Institutions referred to in Article 35 of the Capital Markets Law no. 6362 dated December 06, 2012, institutions governed by the Insurance Law no. 5684 dated June 03, 2007, institutions governed by the Law on Financial Leasing, Factoring and Finance Companies no. 6361 dated November 21, 2012, institutions governed by the Law on Payment and Securities Settlement Systems, Payment Services and Electronic Money Service Providers no. 6493 dated June 20, 2013.
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Examples of Creditor Institutions in a sentence

  • Any provision of this Framework Agreement may be amended provided that the relevant amendment is accepted by all the Creditor Institutions being a party to this Framework Agreement and approved by the Board.

  • The Creditor Institutions which intend to become a party to this Framework Agreement, are not allowed to sign this Framework Agreement by excluding or amending some provisions thereof, or by adding new provisions, or by imposing certain conditions, or by putting reservations thereon.

  • The subscription of the Bonds included in the Tranche A of the Issue has been offered to all the Creditor Institutions.

  • Accordingly, your Corporation is hereby authorized to conduct the financial restructuring negotiations jointly and in coordination with other Creditor Institutions.

  • Now and therefore, we are hereby requesting your Creditor Institution to lead the creation of a consortium for this purpose with the participation of the Creditor Institutions and if deemed necessary and if accepted by them, with the participation of some other or all other creditor persons and entities as well.

  • Plaatsvervangend Voorzitter: zoals gedefinieerd in Artikel 18.4; kk.

  • The Creditor Institutions may assign different officers specifically for the relevant Financial Restructuring, at their own discretion, provided that such officers are reported to BAT.

  • For the reasons described above, the Commission has determined to increase Comment, 78 FR 3855, 3862 (Jan.

  • To this end, provisions regarding the collection and distribution of collateralized receivables and the foreclosure of collaterals shall be included in the FRC to be concluded with the relevant debtor and in the contracts to be concluded among the Creditor Institutions, if deemed necessary.

  • The Creditor Institutions that have signed this Agreement shall make maximum efforts to achieve reconciliation during the financial restructuring process of the debtors that are placed on the agenda, by focusing on the purposes of the Agreement.

Related to Creditor Institutions

  • Minority institutions , as used in this clause, means an institution of higher education meeting the requirements of section 1046(3) of the Higher Education Act of 1965 (20 U.S.C. 1135d-5(3)) which for the purposes of this clause includes a Hispanic-serving institution of higher education as defined in section 316(b)(1) of the Act (20 U.S.C.

  • Creditor Representative means, with respect to Series 2023-5, the Indenture Trustee.

  • Minority institution means an institution of higher education meeting the requirements of Section 365(3) of the Higher Education Act of 1965 (20 U.S.C. 1067k), including a Hispanic-serving institution of higher education, as defined in Section 502(a) of the Act (20 U.S.C. 1101a).

  • Senior Secured Parties means the Credit Agreement Secured Parties and any Additional Senior Debt Parties.

  • the institution means the institution which the Corporation is established to conduct and any institution for the time being conducted by the Corporation in exercise of its powers under the Further and Higher Education Act 1992;

  • Senior Lender means each holder of a Senior Note.

  • Trust Collateral Agent means such successor Person.

  • Intercreditor Agent has the meaning given to such term in the Intercreditor Agreement.

  • Second Lien Bank Loan means a Bank Loan (other than a First Lien Bank Loan and a Last Out Loan) that is entitled to the benefit of a first and/or second lien and first and/or second priority perfected security interest on all or substantially all of the assets of the respective borrower and guarantors obligated in respect thereof.

  • Senior Collateral Agent means Citicorp USA, Inc., in its capacity as Senior Collateral Agent under the Senior Collateral Documents, and its successors.

  • Equal Priority Intercreditor Agreement means the Equal Priority Intercreditor Agreement substantially in the form of Exhibit G-1 among (x) the Collateral Agent and (y) one or more representatives of the holders of one or more classes of Permitted Additional Debt and/or Permitted Equal Priority Refinancing Debt, with any immaterial changes and material changes thereto in light of the prevailing market conditions, which material changes shall be posted to the Lenders not less than five Business Days before execution thereof and, if the Required Lenders shall not have objected to such changes within five Business Days after posting, then the Required Lenders shall be deemed to have agreed that the Administrative Agent’s and/or Collateral Agent’s entry into such intercreditor agreement (with such changes) is reasonable and to have consented to such intercreditor agreement (with such changes) and to the Administrative Agent’s and/or Collateral Agent’s execution thereof.

  • Subordination Agent Has the meaning specified in the Intercreditor Agreement.

  • Senior Lenders means each of the lenders from time to time under the Senior Credit Agreement.

  • Senior Creditor means a holder or holders of Senior Indebtedness and includes any representative or representatives, agent or agents or trustee or trustees of any such holder or holders;

  • Second Lien Administrative Agent means the “Administrative Agent” as defined in the Second Lien Credit Agreement.

  • ABL Secured Parties means the ABL Representative, the ABL Creditors and any other holders of the ABL Obligations.

  • Second Lien Agent has the meaning set forth in the Intercreditor Agreement.

  • Head of the institution means the Vice-Chancellor in case of a university or a deemed to be university, the Principal or the Director or such other designation as the executive head of the institution or the college is referred.

  • Second Lien Intercreditor Agreement means a “junior lien” Intercreditor Agreement, which shall be in form and substance reasonably satisfactory to the Administrative Agent, among the Administrative Agent and one or more Designated Representatives for holders of Alternative Incremental Facility Indebtedness or Permitted Junior Secured Refinancing Debt.

  • banking institution means a bank, bank and trust company, trust company, savings bank, private bank, or a national banking association, organized and doing business under the provisions of any law of this state, or of any other state of the United States, or under the provisions of any law of the United States of America.

  • Priority Lien Secured Parties means the holders of Priority Lien Obligations and any Priority Debt Representatives.

  • Term Loan Secured Parties means the “Secured Parties” as defined in the Term Loan Credit Agreement.

  • First Lien Bank Loan means a Bank Loan that is entitled to the benefit of a first lien and first priority perfected security interest (subject to Liens for “ABL” revolvers and customary encumbrances) on a substantial portion of the assets of the respective borrower and guarantors obligated in respect thereof.

  • Senior Creditors means, (a) depositors of the Issuer, (b) creditors of the Issuer who are unsubordinated creditors of the Issuer, and (c) creditors of the Issuer whose claims are or are expressed to be subordinated to the claims of other creditors of the Issuer (other than those whose claims are in respect of obligations which constitute, or would but for any applicable limitation on the amount of such capital, constitute, Tier 1 capital or Tier 2 capital or whose claims rank or are expressed to rank pari passu with, or junior to, the claims of holders in respect of the Notes) (whether only in a Winding Up of the Issuer or otherwise);

  • ABL/Term Loan Intercreditor Agreement means the Intercreditor Agreement, dated as of the Closing Date, by and among the Administrative Agent, Barclays Bank PLC, as collateral agent under the Term Loan Credit Agreement, Holdings, Borrower and the other Subsidiary Loan Parties party thereto, as amended, restated, supplemented, replaced, refinanced or otherwise modified from time to time in accordance with the requirements thereof and of this Agreement.

  • Term Loan Intercreditor Agreement means that certain Intercreditor Agreement substantially in the form of Exhibit L hereof, dated as of the date hereof, among the administrative agent under the Term Loan Credit Agreement, the Administrative Agent on behalf of the Secured Parties, and the Loan Parties, as amended and in effect from time to time.