Creditor Note definition

Creditor Note means that certain unsecured promissory note in the original principal amount of $6,350,000 to be executed and delivered by the Reorganized Debtor to the Creditor Trust, substantially in the form contained in the Plan Supplement Document; provided, however, that the payments owed to the Creditor Trust by the Reorganized Debtor under the Creditor Note will be subject to the GUC Payment Collar. The Creditor Note will be a Plan Supplement Document.
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Creditor Note means the Note executed by the Buyer and delivered to the Liquidation Trust on the Confirmation Date per the Plan.
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Creditor Note means the promissory note in the amount of $1,800,000, if the holders of Allowed Claims in Class 9 vote to accept the Plan, or $1,000,000, if the holders of Allowed Claims in Class 9 vote to reject the Plan, to be issued by the Reorganized Debtors as of the Effective Date which is made payable to the Med Creditors’ Trust for the benefit of Creditors in Class 9 holding Allowed Unsecured Claims against the Debtor, substantially in the form attached hereto as Exhibit “2.” The CCG Note, the CDSI Note, the CCS Note, and the Creditor Note, jointly, shall be secured by a second priority lien on all of the assets of the Reorganized Debtors, subordinate to any working capital line(s) obtained by the Reorganized Debtors in the ordinary course of business up to $15,000,000. The CCG Note shall be payable in equal quarterly payments with simple interest at a rate of 6% per annum, and payable pursuant to a two-year amortization. The CCG Note shall become due one year following the Effective Date.
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Examples of Creditor Note in a sentence

  • A person (i) who is a Major Creditor (Note 3), or (ii) who is, or has been within the past 5 years, a director, statutory auditor, statutory accounting advisor or Executive of a company that is a Major Creditor or a parent company or subsidiary of a Major Creditor.

  • The Maturity Date of the Creditor Note shall be the fifteenth (15th) day of the month that is fifty-four (54) months from the Effective Date (the "Creditor Note Maturity Date").

  • I am / We are the JUDGMENT CREDITOR / SOLICITOR FOR THE JUDGMENT CREDITOR / OF THE JUDGMENT CREDITOR and am / are duly authorised to make this declaration and above application on behalf of the Judgment Creditor (Note 10) referred to in the attached Property (Seizure and Sale) Order.

  • The General Unsecured Creditor Note shall mature on the second anniversary of the Effective Date.

  • Post-Effective Date Plan payments to Holders of Allowed Claims and/or to the ADM Creditor Trust will be made by the Reorganized Debtor from Available Cash, Operating Revenues and/or Operating Profits.The Reorganized Debtor will make all of the payments required to be made under the Plan on account of Allowed Administrative Claims, Allowed Priority Tax Claims, and Allowed 14 Payments on the Cardinal Note ($3,000,000) and Unsecured Creditor Note A ($650,000) will be made on a monthly basis.

  • On the date of each quarterly Distribution to Holders of Allowed General Unsecured Claims (or, if no such Distribution is made to Holders of Allowed General Unsecured Claims, on the first business day of each quarter), the principal balance of the General Unsecured Creditor Note shall be reduced to the Quarterly Reconciled Unsecured Creditor Claim Amount, effective immediately as of such date.

  • Audubon, PA 19403 The above listed titles and addresses for a Party or PJM may be changed by written notice to all other Parties and PJM.

  • Payments to Holders of General Unsecured Claims of their pro rata share of proceeds from the General Unsecured Creditor Note shall be made by the Administrator.

  • Any amounts collected by the Reorganized Debtors on account of the BP Tort Claim shall be held in trust for the benefit of Holders of the Allowed General Unsecured Claims and shall be immediately and indefeasibly paid to the Administrator for immediate deposit into the General Unsecured Distribution Account to prepay the General Unsecured Creditor Note, if such collection occurs while amounts are outstanding under the General Unsecured Creditor Note.

  • The Reorganized Debtors may prepay the General Unsecured Creditor Note at any time, without penalty, and the gross amount of such prepayments shall reduce the outstanding balance of the General Unsecured Creditor Note as of the time at which any such prepayments are made.


More Definitions of Creditor Note

Creditor Note has the meaning given to it in recital B of this Guarantee. Guaranteed Obligations shall have the meaning given to it in Section 2.1 of this Guarantee. Guaranteed Parties shall have the meaning given to it in Section 2.1 of this Guarantee. Notice shall have the meaning given to it in Section 5.1 of this Guarantee. Obligations shall mean the collective reference to the instalment of principal, interest and enforcement costs under the Convertible Note (including interest accruing at the then applicable rate under the Creditor Note after the date for payment of any instalment of the principal and interest accruing at the then applicable rate after the filing of any petition in bankruptcy, or the commencement of any insolvency, reorganization or like proceeding, relating to the Purchaser, whether or not a claim for post-filing or post-petition interest is allowed in such proceeding), whether due or to become due. Purchase Agreement shall have the meaning given to it in recital A of this Guarantee. Purchaser shall have the meaning given to it in recital A of this Guarantee. Vendors shall have the meaning given to it in recital A of this Guarantee.
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Related to Creditor Note

  • Note means a promissory note made by the Borrower in favor of a Lender evidencing Loans made by such Lender, substantially in the form of Exhibit C.

  • Borrower Note means the “Borrower Note” as defined in the Borrower Loan Agreement.

  • Subordinated Note means the Subordinated Note (or collectively, the “Subordinated Notes”) in the form attached as Exhibit A hereto, as amended, restated, supplemented or modified from time to time, and each Subordinated Note delivered in substitution or exchange for such Subordinated Note.

  • Note A shall have the meaning assigned to such term in the recitals.

  • Term Note means a promissory note of the Borrower payable to any Term Lender or its registered assigns, in substantially the form of Exhibit B-1 hereto, evidencing the aggregate Indebtedness of the Borrower to such Term Lender resulting from the Term Loans made by such Term Lender.

  • Term Loan A Note means a promissory note in the form of Exhibit 2.5-3, as it may be amended, supplemented or otherwise modified from time to time.

  • Class A Note means any Class A-1 Note, Class A-2 Note, Class A-3 Note or Class A-4 Note.

  • Revolver Note means any one of such Revolver Notes.

  • Swing Note is defined in Section 1.11 hereof.

  • Secured Promissory Note is defined in Section 2.4.

  • Equipment Note means and includes any equipment notes issued under the Indenture in the form specified in Section 2.01 thereof (as such form may be varied pursuant to the terms of the Indenture) and any Equipment Note issued in exchange therefor or replacement thereof pursuant to Section 2.07 or 2.08 of the Indenture.

  • Note B shall have the meaning assigned to such term in the recitals.

  • Bridge Note means a promissory note made by the Borrower in favor of a Bridge Lender, evidencing Bridge Loans made by such Bridge Lender, substantially in the form of Exhibit C-2.

  • Term Loan Note means a promissory note in the form of Exhibit B, as it may be amended, supplemented or otherwise modified from time to time.

  • Subordinate Note means each B Note.

  • Promissory Note means an instrument that evidences a promise to pay a monetary obligation, does not evidence an order to pay, and does not contain an acknowledgment by a bank that the bank has received for deposit a sum of money or funds.

  • RMB Note means a Note denominated in Renminbi.

  • Convertible Note means an instrument issued by a startup company evidencing receipt of money initially as debt, which is repayable at the option of the holder, or which is convertible into such number of equity shares of such startup company, within a period not exceeding five years from the date of issue of the convertible note, upon occurrence of specified events as per the other terms and conditions agreed to and indicated in the instrument;

  • Term B Note means a promissory note made by the Borrower in favor of a Term B Lender, or its registered assigns, evidencing Term B Loans made by such Term B Lender, substantially in the form of Exhibit C-1.

  • Senior Note means, for a Supplemental Loan, if any, each Multifamily Note secured by a Senior Instrument.

  • Tranche B Note means a promissory note of the Borrower payable to any Tranche B Lender and its registered assigns, delivered pursuant to a request made under Section 2.16 in substantially the form of Exhibit A-3 hereto, evidencing the aggregate indebtedness of the Borrower to such Lender resulting from the Tranche B Loans made by such Lender to the Borrower.

  • of a Note means the principal of the Note plus the premium, if any, payable on the Note which is due or overdue or is to become due at the relevant time.

  • Revolving Note means a promissory note of the Borrower payable to a Lender in substantially the form of Exhibit 11.1(d) hereto, evidencing Indebtedness of the Borrower under the Revolving Loan Commitment of such Lender.

  • Principal Debt means, for a Lender and at any time, the unpaid principal balance of all outstanding Borrowings from such Lender hereunder.

  • debit note means a document issued by a registered person under sub-section (3) of section 34;

  • Term A Note means a promissory note made by the Borrower in favor of a Term A Lender evidencing Term A Loans made by such Term A Lender, substantially in the form of Exhibit B-1.