Existing Secured Creditors definition

Existing Secured Creditors means the current secured creditors of Napo as of the Transfer Date, a list of which is set forth on Schedule 1.33.
Sample 1Sample 2
Existing Secured Creditors means The Federal Bank Limited, Bank of Baroda, Canara Bank, Dhanlaxmi Bank Limited, The Karur Vysya Bank Limited, Punjab National Bank, State Bank of India, CSB Bank Limited, The South Indian Bank Limited, Union Bank of India, DCB Bank Limited and debenture holders of the secured non-convertible debentures issued by way of public issues.
Sample 1Sample 2
Existing Secured Creditors is defined in the THIRD RECITAL.
Sample 1

Examples of Existing Secured Creditors in a sentence

  • The Secured NCDs would constitute secured obligations of the Company and shall rank pari passu with the Existing Secured Creditors, on all movable assets (excluding charge on the written down value of furniture and fixtures to the extent of ₹10,80,91,696), including book debts and receivables, cash and bank balances, loans and advances, both present and future of the Company equal to the value of one time of the Secured NCDs outstanding plus interest accrued thereon.

  • Provided that the aforesaid charge by way of hypothecation and mortgage shall rank pari passu with the hypothecations and/or mortgages created or to be created as security for repayment and payment of Existing Secured Indebtedness in favour of or for the benefit of the Existing Secured Creditors.

  • The Debtor acknowledges and stipulates that the Existing Secured Creditors are entitled, pursuant to Bankruptcy Code sections 361 and 364(d)(1), to adequate protection of their respective interests in the Debtor’s prepetition property (the “Prepetition Collateral”) in exchange for the priming of their respective security interests in and liens on the Prepetition Collateral by the DIP Liens being granted to the DIP Lender pursuant to the DIP Loan Documents and this Order.

  • Our goal is to promote awareness of resource-saving actions at our locations (e.g. reducing paper consumption, clean separation of waste, etc.).

  • The Existing Secured Creditors have not consented to the incurrence of the DIP Loan Obligations by the Debtor underPage 10 of 24- FINAL ORDER AUTHORIZING DEBTOR TO OBTAIN POSTPETITION SECURED FINANCING AND GRANTING ADEQUATE PROTECTION TO PREPETITION SECUREDPARTIES \7095\p FINAL Order Finance.doc the DIP Loan Documents and the Debtor’s granting of priming liens in connection therewith.

  • Pursuant to Bankruptcy Code sections 361 and 364(d), as adequate protection of the respective interests of the Existing Secured Creditors in the Prepetition Collateral against any diminution in the value of their interests in the Prepetition Collateral resulting from the grant of the DIP Liens, each of the Existing Secured Creditors is hereby granted a continuing valid, binding, enforceable and perfected postpetition lien on the Collateral (the “Adequate Protection Liens”).

  • The Adequate Protection Claims shall be junior in priority to (i) the DIP Lender’s Superpriority Claim, and (ii) the superpriority administrative expense claims awarded to the Existing Secured Creditors under the Cash Collateral Orders.


More Definitions of Existing Secured Creditors

Existing Secured Creditors means, collectively, the Pennsylvania Lenders.
Sample 1
Existing Secured Creditors means the creditors whose Indebtedness is secured by the charge on the Assets and the details whereof are given in Schedule 7 hereto. "EXISTING SECURITY DOCUMENT" means an instrument, whether recording electronically or manually, creating or evidencing the creation of any security interest securing any Existing Secured Indebtedness "EXISTING SECURITY INTEREST" means a Security Interest created in favour Existing Secured Creditors particulars whereof are given in Schedule 7. "EXISTING SECURED INDEBTEDNESS" means the existing Indebtedness, repayment and payment of which is secured by hypothecation and/or mortgage on a pari passu basis on the properties, details whereof are given in Schedule 7 hereto. "FACILITY" means Facility A or Facility B, as the context may require; "FACILITY A" means a rupee term loan facility upto an aggregate amount of Rs. 225 crores to be made available under this Agreement as described in Clause 2.1.1 ("Facility A"). "FACILITY B" means a rupee term loan facility upto an aggregate amount of Rs. 475 crores to be made available under this Agreement as described in Clause 2.1.2 ("Facility B") "FACILITY OFFICE" means the office or offices notified by a Lender to the Agent and Security Trustee in writing on or before the date it becomes a Lender (or, following that date, by not less than five Business Days' written notice) as the office or offices through which it will perform its obligations under this Agreement. "FEE LETTER" means any letter or letters dated on or about the date of this Agreement between the Arranger and the Borrower (or the Agent and Security Trustee and the Borrower) setting out any of the fees. "FINANCE DOCUMENT" means this Agreement, a Security Document, any Fee Letter, Transfer Certificate, any resignation letter and any other document designated as such by the Agent and Security Trustee, a Lender and the Borrower. "FINANCE PARTY" means the Agent and Security Trustee, the Arranger or a Lender, as the context may require. 4 <PAGE> "FINANCIAL INDEBTEDNESS" means any indebtedness of the Borrower for or in respect of: (a) Moneys borrowed; (b) Any amount raised by acceptance under any acceptance credit facility; (c) Any amount raised pursuant to any note purchase facility or the issue of bonds, notes, debentures, loan stock or any similar instrument; (d) The amount of any liability in respect of any lease or hire purchase contract which would, in accordance with GAAP, be treated as a finance or capital lease; (e) Receiv...
Sample 1
Existing Secured Creditors has the meaning provided in the Principal Intercreditor Agreement.
Sample 1
Existing Secured Creditors means the creditors whose Indebtedness is secured by the charge on the Assets and the details whereof are given in Schedule 7 hereto.
Sample 1

Related to Existing Secured Creditors

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

  • Existing Security Documents shall have the meaning assigned to such term in the recitals hereto.

  • Controlling Secured Parties means, with respect to any Shared Collateral, the Series of First Lien Secured Parties whose Authorized Representative is the Applicable Authorized Representative for such Shared Collateral.

  • 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.

  • Non-Controlling Secured Parties means, with respect to any Shared Collateral, the First Lien Secured Parties which are not Controlling Secured Parties with respect to such Shared Collateral.

  • Existing Security Agreement has the meaning set forth in the recitals hereto.

  • Secured Creditor means the Trustee, the Margin Loan Provider and the holders of the ETP Securities.

  • Existing Secured Notes means the previously issued debt securities of the Issuers outstanding on the date hereof.

  • Existing Security means any Security granted by any Person over its Assets in respect of any Relevant Indebtedness and which is existing at the relevant Issue Date or at the time any such Person becomes a Material Subsidiary or whose business and/or activities, in whole or in part, are assumed by or vested in the Issuer or a Material Subsidiary after the relevant Issue Date (other than any Security created in contemplation thereof) or any substitute Security created over those Assets (or any part thereof) in connection with the refinancing of the Relevant Indebtedness secured on those Assets provided that the principal, nominal or capital amount secured on any such Security may not be increased;

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

  • Senior Secured Credit Agreement means that certain Credit Agreement, dated as of September 27, 2018, among the Borrowers, the lenders from time to time party thereto, JPMCB as administrative agent, JPMCB as collateral agent, and the other parties thereto, as amended, restated, amended, restated, extended, supplemented, refinanced or otherwise modified from time to time.

  • Second Priority Debt Documents means the Initial Second Priority Debt Documents and, with respect to any series, issue or class of Second Priority Debt, the promissory notes, indentures, Collateral Documents or other operative agreements evidencing or governing such Indebtedness, including the Second Priority Collateral Documents.

  • Unsecured Creditor means the holder of an Unsecured Claim.

  • 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;

  • Performing Second Lien Bank Loans means Second Lien Bank Loans which are Performing.

  • Second Priority Debt Parties means the Initial Second Priority Debt Parties and, with respect to any series, issue or class of Second Priority Debt, the holders of such Indebtedness, the Representative with respect thereto, any trustee or agent therefor under any related Second Priority Debt Documents and the beneficiaries of each indemnification obligation undertaken by the Borrower or any other Grantor under any related Second Priority Debt Documents.

  • Second Priority Debt Obligations means the Initial Second Priority Debt Obligations and, with respect to any series, issue or class of Second Priority Debt, (a) all principal of, and interest (including, without limitation, any interest which accrues after the commencement of any Bankruptcy Case, whether or not allowed or allowable as a claim in any such proceeding) payable with respect to, such Second Priority Debt, (b) all other amounts payable to the related Second Priority Debt Parties under the related Second Priority Debt Documents and (c) any renewals or extensions of the foregoing.

  • 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);

  • Existing Securities means, collectively, the Equity Securities and the Debt Securities.

  • Debt Agreement means the debt agreement dated as of the Closing Date by and among Xxxxxxx Mac and the Holders of Notes, a copy of which is attached as Exhibit A hereto.

  • Senior Secured Credit Facility means the Loan and Security Agreement, dated as of May 31, 2017 by and among the Company and Western Alliance Bank (as amended, amended and restated, supplemented or otherwise modified from time to time, subject to the limitations herein).

  • Intercompany Loan Agreement has the meaning set forth in the Purchase and Sale Agreement.

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

  • Guaranteed Creditors means and include each of the Agent, the Collateral Agent, the Banks and each party (other than any Credit Party) party to an Interest Rate Protection Agreement or Other Hedging Agreement to the extent such party constitutes a Secured Creditor under the Security Documents.

  • Prepetition Secured Parties means the “Secured Parties” under, and as defined in, the Prepetition Credit Agreement, in each case as amended, modified or supplemented through the Petition Date.

  • Second Lien Noteholders means the holders of Second Lien Notes.