Creditor Rights definition
Examples of Creditor Rights in a sentence
Each New Creditor shall assure the Existing Creditor, the other Parties of Financing and each Debtor that he has read and understood all the Financial Documents, has conducted (and will continue to conduct) his own independent study and estimation of financial condition of each Debtor and he did not rely on any information submitted to him by the Existing Creditor when making decision in respect of signing of the Creditor Rights Assignment Agreement.
All payments under this Creditor Rights Assignment Agreement shall be made by bank transfer using the following details: The New Creditor (if applicable): Beneficiary: [●] Location: [●] Bank: [●] SWIFT: [●] IBAN: [●] Account number: [●] or to another account specified by the New Creditor in writing; The Existing Creditor: Beneficiary: [●] Bank: [●] Location: [●] SWIFT code: [●] Correspondent account: [●] Settlement account: [●] BIK: [●] or to another account specified by the Existing Creditor in writing.
In case of occurrence of any dispute in connection with this Creditor Rights Assignment Agreement, including with regard to interpretation of its provisions, its existence, validity or termination, such dispute shall be considered by the [Moscow City Commercial Court] OR [●].
Each Creditor further acknowledges and agrees that Collateral Agent has made no representation or warranty of any nature or kind relating to any possible recovery of any sums or the likelihood of any success in pursuing or enforcing any of the Creditor Rights.
The terms defined in the Credit Agreement have the same meaning in this Creditor Rights Assignment Agreement unless given a different meaning in this Creditor Rights Assignment Agreement.
While the Option is in existence, the Creditors agree not to assign, sell, transfer or impair the Creditor Rights, other than pursuant to exercise of the Option.
This Creditor Rights Assignment Agreement is signed in three (3) copies, one copy for each Party to the Creditor Rights Assignment Agreement.
This Creditor Rights Assignment Agreement shall be regulated by the Russian law.
Collateral Agent does not assume, and shall not have, any responsibility or liability, express or implied, for the enforceability or collectability of any of the Creditor Loan Documents, or the likelihood or timing of realization or recovery of any of the Creditor Rights.
Creditor Rights Exercise Forms shall be deemed not to have been properly completed until all irregularities have been waived or cured within such time as Tronox determine in its discretion reasonably exercised in good faith.