Critical Creditors definition

Critical Creditors means those certain creditors of the Debtor to be identified by the Debtor in an exhibit to the Plan to be filed not less than five (5) Business Days prior to the Confirmation Hearing, who are critical to the operation of the Debtor’s business as a going concern.
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Critical Creditors means those certain creditors of UPC to be identified by UPC (with the consent of the Administrator and after consultation with the Committee) in an exhibit to the Plan to be Filed not less than five (5) Business Days prior to the Confirmation Hearing, who are critical to the operation of UPC's business as a going concern and are determined by the Administrator to be "ransom-suppliers" (dwangcrediteuren).
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Examples of Critical Creditors in a sentence

  • Critical Creditor Claims—Class 2 Class 2 consists of all Allowed Claims of Critical Creditors against the Company.

  • Class 1 is Unimpaired and the holders of Priority Claims are conclusively presumed to have accepted the Plan pursuant to Section 1126(f) of the Bankruptcy Code and are not entitled to vote to accept or reject the Plan.Critical Creditor Claims—Class 2Class 2 consists of all Allowed Claims of Critical Creditors against the Company.

  • Furthermore, the Plan will provide that the obligations of UPC Polska to the Critical Creditors, to the extent remaining unpaid on the Effective Date, will be left unimpaired, assumed and reinstated under the Plan and, subject to the approval of the US Bankruptcy Court, paid in full in cash on or as soon as practicable after the Effective Date.

  • As such, the parties hereto agree that UPC Polska will use commercially reasonable efforts to pay such Critical Creditors in full before the Filing Date and, to the extent that any are not paid in full as of the Filing Date, the parties hereto agree to support a motion in the US Bankruptcy Court to permit the payment in full of such Critical Creditors on or as soon as is possible after the Filing Date, subject to the approval of the US Bankruptcy Court.

  • UPC Polska shall, subject to the approval of the US Bankruptcy Court, pay the claims of such Critical Creditors in full in cash on or as soon as practicable after the Filing Date.

  • Mangroves commonly, but not always, occur on organic soils and/or are occasionally associated with peatlands.

  • In his witness statement, Mr Williams referred only to the risk that Regis Corp would terminate the franchise agreements with IBL if it was not paid in order to justify treating Regis Corp and IBL as Critical Creditors.

  • Critical Creditor Claims—Class 3 Class 3 consists of all Allowed Claims of Critical Creditors against the Company.

  • She said that she knew that Regis Corp would not have continued to support the Company if they and IBL were not treated as Critical Creditors.

  • Most of the trees were hazardous condition having succumbed to the drought.

Related to Critical Creditors

  • financial creditor means any person to whom a financial debt is owed and includes a person to whom such debt has been legally assigned or transferred to;

  • Consenting Creditors has the meaning set forth in the preamble to this Agreement.

  • Senior Creditors means the Senior Agent, the Senior Lenders and any other Person who holds Senior Indebtedness.

  • Federal Credit means the Georgia Housing Tax Credit established by the federal government for the purpose of encouraging the development of affordable housing and governed by the Code.

  • Creditors Committee” means the official committee of unsecured creditors appointed in the Chapter 11 Cases pursuant to section 1102(a) of the Bankruptcy Code.

  • Subordinated Creditors means all creditors the indebtedness of which is subordinated, in the event of the Winding-Up of DSB, in right of payment to the claims of depositors and other unsubordinated creditors of DSB other than those whose claims rank or is expressed to rank by operation of law or contract pari passu with, or junior to, the claims of the Noteholders. For this purpose indebtedness shall include all liabilities, whether actual or contingent;

  • Prepetition Lenders means the lenders under the Prepetition Credit Agreement.

  • Lender Creditors shall have the meaning provided in the recitals of this Agreement.

  • Related Claims means all Claims for Wrongful Acts based upon, arising out of, resulting from, or in any way involving the same or related facts, circumstances, situations, transactions or events or the same or related series of facts, circumstances situations, transactions or events, whether related logically, causally or in any other way.

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

  • Prior Lenders means, collectively, the lenders party to the Prior Credit Agreement.

  • Subordinated Claims means the aggregate amount of all claims admitted in the winding up or dissolution of the Issuer which rank, or are expressed to rank, junior to claims in respect of the Senior Non-Preferred Notes or other Senior Non-Preferred Claims, including (without limitation) (i) claims of creditors in respect of the Subordinated Notes and (ii) the obligations of the Issuer which constitute, or would but for any applicable limitation on the amount of such capital constitute, Tier 2 Capital, Additional Tier 1 Capital or CET1 Capital, including, for the avoidance of doubt, all claims in respect of Deferred Shares.

  • Prepetition means the time period ending immediately prior to the filing of the Chapter 11 Cases.

  • Second Lien Claimholders means, at any relevant time, the holders of Second Lien Obligations at that time, including the Second Lien Lenders and the agents under the Second Lien Loan Documents.

  • Requisite Creditors of any Class shall mean each of (x) with respect to the Credit Document Obligations, the Required Banks and (y) with respect to the Other Obligations, the holders of at least a majority of all obligations outstanding from time to time under the Interest Rate Protection Agreements or Other Hedging Agreements.

  • National Credit Act means the National Credit Act, 2005 (Act No. 34 of 2005);

  • First Lien Claims means, collectively, Claims against the Debtors arising under the Prepetition Term Loan Agreement.

  • DIP Lenders has the meaning assigned to such term in Section 2.05(b).

  • Term Loan Claims means any Claim arising under or on account of the Term Loans.

  • Unsecured Creditors means all Creditors with Concurrent Claims against the Company;

  • Claimholders means each of the First Lien Claimholders and the Second Lien Claimholders.

  • Note Parties means, collectively, the Company and each Guarantor.