Examples of Existing Creditors in a sentence
In each case, the 363 Transaction and the Chapter 11 Plan will be conditional on (among other things) approval of all Court Supervised Arrangements by the requisite majority of Existing Creditors, sanction by the English Court and/or the Singapore Court (as the case may be) and satisfaction of the conditions set out therein.
In the event that the Liens held by Existing Creditors are terminated and released, the Company shall agree to provide the Holders with a first lien on all of the property of Quintessence.
The Original Guarantee (without any amendment whatsoever) shall continue to apply to the Existing Creditors since no amendments to the Original Guarantee are being made in relation to the Existing Creditors.The following summary does not purport to be a comprehensive or exhaustive description of all provisions of the Guarantee or the applicable Creditor Nomination Letter.
This Agreement constitutes the legal valid and binding obligation of such Person, enforceable against the Existing Creditors and Smoore, as the case may be, in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, or similar laws affecting the enforcement of creditors’ rights generally and by equitable principles.
New Lender shall not sell, assign, dispose of or otherwise transfer all or any portion of its rights and obligations in respect of the New Lender Indebtedness unless, prior to the consummation of any such action, any such transferee or assignee, as a condition to acquiring an interest in the New Lender Indebtedness shall agree to be bound hereby, in form satisfactory to the Existing Creditors.