CVA Creditors definition

CVA Creditors. Committee" means a committee of CVA Creditors acting as a committee of creditors in relation to the implementation of the CVA, whether or not it is an Existing Creditors' Committee acting in such additional capacity;
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CVA Creditors. Committee" means a committee of CVA Creditors acting as a committee of creditors in relation to the implementation of the CVA;
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CVA Creditors means any creditor bound by the CVA under Section 5(2) of the Act or subsequently admitted to the CVA by the Supervisor in accordance with these Conditions;
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Examples of CVA Creditors in a sentence

  • The Nortel group Companies which are creditors of the Company will be treated in the same way as other CVA Creditors under this CVA.5.2 The Administrators are not aware of any other connected creditors.

  • If there is a surplus available for distributions to the Members after all CVA Creditors have been paid in full then it is likely that the Company will be liquidated in order to enable a distribution to be made to the Members.5.2 Importantly, if the CVA is approved and provided that the Plans Effective Date occurs, the Pensions Regulator's proceeding against the Company for a financial support direction ("FSD") will be permanently stayed.

  • The Terms shall apply as a company voluntary arrangement between the Company and its CVA Creditors.

  • However, to the extent that any other CVA Creditors are connected creditors, they shall be treated in the same manner as ordinary creditors.

  • Subject to this Proposal being approved, the Expense Application resulting in an order which has the effect of barring certain Administration Expense claims from being paid in priority to CVA Claims and the conditions of the Settlement and Plans Support Agreement being met such that the Sale Proceeds held in the Lockbox are released, the Administrators consider that CVA Creditors are likely to receive an initial distribution in Autumn 2017.

  • In such circumstances, the statement at Annex 6 (Estimated Outcome Statement) may be materially inaccurate.6.8.2 Notwithstanding Paragraph 6.8.1 above, if the Plans Effective Date does not occur and the CVA is approved, the CVA will continue to be binding on all CVA Creditors, including the Bar Date and the Commercial Interest Rate Term described at Paragraph 9 (What are the disadvantages if the CVA is approved?) below.

  • In addition, the Proposal, if approved, is binding on all CVA Creditors, including those CVA Creditors who did not vote or voted against the Proposal.

  • Each Implementation Condition may only be waived with the written consent of: (a) the Company; (b) SIHNV; and (c) the Unconnected Supermajority CVA Creditors.

  • Each Restructuring Step may only be waived with the written consent of: (a) the Company (having consulted with SFHG, itself having consulted with the Majority SFHG Creditors); (b) SIHNV; and (c) the Unconnected Supermajority CVA Creditors.

  • The Conditions to Effectiveness set out in Clause 2.2.2(iv) may only be waived (where capable of waiver) with the written consent of: (a) the Company; (b) SIHNV; and (c) the Unconnected Supermajority CVA Creditors.


More Definitions of CVA Creditors

CVA Creditors means all Creditors other than the Secured Creditors.
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Related to CVA Creditors

  • 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);

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

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

  • Prepetition Lenders means the Persons identified as "Lenders" under the Prepetition Credit Agreement, in their capacities as lenders under the Prepetition Credit Agreement, together with their successors and permitted assigns.

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

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

  • Debtors has the meaning set forth in the Recitals.

  • 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;

  • Secured Creditors shall have the meaning assigned that term in the respective Security Documents.

  • Senior Lender Claims means (a) the principal of all Indebtedness outstanding under one or more of the Senior Lender Documents to the extent not prohibited by the Indenture (as in effect on the date hereof), and (b) all other Obligations not constituting principal of Indebtedness of any Obligor under the Senior Lender Documents, including, without limitation, all claims under the Senior Lender Documents for interest, fees, expense reimbursements, indemnification and other similar claims. Senior Lender Claims shall include all interest accrued or accruing (or which would, absent the commencement of an Insolvency or Liquidation Proceeding, accrue) after the commencement of an Insolvency or Liquidation Proceeding in accordance with and at the rate specified in the Senior Credit Agreement whether or not the claim for such interest is allowed as a claim in such Insolvency or Liquidation Proceeding. To the extent any payment with respect to the Senior Lender Claims (whether by or on behalf of any Obligor, as proceeds of security, enforcement of any right of setoff or otherwise) is declared to be fraudulent or preferential in any respect, set aside or required to be paid to a debtor in possession, trustee, receiver or similar Person, then the obligation or part thereof originally intended to be satisfied shall be deemed to be reinstated and outstanding as if such payment had not occurred. Notwithstanding anything to the contrary contained in the first sentence of this definition, any principal Indebtedness (including reimbursement obligations for drawn or undrawn letters of credit) incurred under the Senior Credit Agreement shall constitute a "Senior Lender Claim" (whether or not such Indebtedness is at any time determined not to have been permitted to be incurred under the Indenture), to the extent, after giving effect to such incurrence, the aggregate principal amount of Indebtedness outstanding under the Senior Credit Agreement does not exceed $15,000,000 (less any prior permanent reductions in the Revolving Loan Commitment).

  • 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;

  • 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.

  • Second Lien Lenders means the “Lenders” under and as defined in the Second Lien Credit Agreement.

  • Junior Creditor means any Defaulting Bank which has not (x) fully cured each and every default on its part under the Loan Documents and (y) unconditionally tendered to the Administrative Agent such Defaulting Bank’s Pro Rata Share of all costs, expenses and disbursements required to be paid or reimbursed pursuant to the terms of the Loan Documents.

  • Senior Lender means each holder of a Senior Note.

  • First Lien Lenders means the “Lenders” under and as defined in the First Lien Credit Agreement.

  • 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;

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

  • Senior Agent means the Person acting as agent from time to time for and on behalf of the Senior Lenders under the Credit Facility, together with its successors and assigns in such capacity.

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

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

  • Prepetition Agent means Goldman Sachs Bank USA in its capacity as administrative agent and collateral agent under the Prepetition Credit Agreement.

  • Required Secured Creditors means (i) at any time when any Credit Document Obligations are outstanding or any Commitments under the Credit Agreement exist, the Required Lenders (or, to the extent provided in Section 13.12 of the Credit Agreement, each of the Lenders) and (ii) at any time after all of the Credit Document Obligations have been paid in full and all Commitments under the Credit Agreement have been terminated and no further Commitments may be provided thereunder, the holders of a majority of the Other Obligations.

  • Bank Lenders means the banks and financial institutions party to the Bank Credit Agreement.

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

  • Creditor Parties means, collectively, the Administrative Agent, the Lenders, the L/C Issuers, the Swap Banks, and each co-agent or sub-agent appointed by the Administrative Agent from time to time pursuant to Section 9.05, and the other Persons to whom the Obligations are owing.