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

  • This power shall be exercisable without reference to the CVA Creditors.

  • The CVA Creditors may request a physical meeting in writing to the Administrators after the notice of the Decision Procedure or deemed consent procedure has been delivered, but not later than five Business Days after the date on which the Administrators delivered the notice of the decision procedure or deemed consent procedure.

  • If the CVA is revoked or suspended pursuant to an order of the English Court under section 6(4) of the Insolvency Act, no Distribution paid to the CVA Creditors prior to the revocation or suspension of the CVA shall be capable of being disturbed.

  • However, for the avoidance of doubt, unless the Administrators determine otherwise, the Company will not be placed into liquidation until all of the Assets available for distribution have been distributed to the CVA Creditors in accordance with the Terms (save for those to which Clause 35.3 below applies).

  • Within three Business Days of more than 10 per cent of CVA Creditors requesting a physical meeting the Administrators must summon a physical meeting by giving 14 days' notice and such notice shall inform CVA Creditors that as a result of the requirement to hold a physical meeting the original decision procedure or the deemed consent procedure is superseded.

  • For the avoidance of doubt, the Supervisors may apply to the English Court for the purpose of obtaining directions in accordance with the section 7(4)(a) of the Insolvency Act without reference to CVA Creditors and, if required, the Administrators may also apply for directions pursuant to paragraph 63 of Schedule B1 to the Insolvency Act should it be necessary for determining any matter under the CVA.

  • If any of the above dates change, CVA Creditors and Members will be notified of the revised dates on the CVA Website.

  • Where a distribution will be made in respect of Barred Claims, the Supervisors will notify CVA Creditors with Barred Claims as to whether or not those claims have been admitted in whole or in part.

  • A Local Priority Creditor who has received, or is estimated to receive, a Distribution in the Local Asset Waterfall will not receive a Distribution in the Main Asset Waterfall until all CVA Creditors with an equivalent ranking in the Main Asset Waterfall have been paid rateably.

  • The Terms shall apply as a company voluntary arrangement between the Company and its 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 those lenders party to the Prepetition Credit Agreement from time to time.

  • 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 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 lenders from time to time party to the Bank Credit Agreement.

  • Creditor Representative means, with respect to Series 2023-2, the Indenture Trustee.

  • Creditor Parties means, collectively, the Administrative Agent, the Lenders, the L/C Issuers 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.

  • Junior Representative means, with respect to any series of Permitted Junior Debt, the trustee, administrative agent, collateral agent, security agent or similar agent under the indenture or agreement pursuant to which such Permitted Junior Debt is issued, incurred or otherwise obtained and each of their successors in such capacities.