Financial Creditors definition

Financial Creditors means the beneficiaries of obligations of SIHNV or SIHPL pursuant to the Contingent Payment Undertakings.
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Financial Creditors means the creditors that have extended financial debt in the nature of fund base and non-fund based
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Financial Creditors means the creditors that have extended financial debt in the nature of fund base and non-fund based limits to the Petitioner Company, the details and proportion of which, as at July 31, 2018, arelaid down in ScheduleC hereto;
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Examples of Financial Creditors in a sentence

  • In terms of the Approved Resolution Plan, till the date of transfer of control of the Company to the proposed investors, the Company is being managed and controlled by the ERP under the guidance of the Secured Financial Creditors, in close co-ordination with the proposed investors.

  • In terms of the Approved Resolution Plan, till the date of transfer of control of the Company to the proposed investors, the Company is being managed and controlled by the RP under the guidance of the Secured Financial Creditors, in close co-ordination with the proposed investors.

  • Further, though there is a provision to file joint application under Section 7 by the Financial Creditors, no application can be filed by the Financial Creditor against two or more Corporate Debtors on the ground of joint liability (Principal Borrower and one Corporate Guarantor, or Principal Borrower or two Corporate Guarantors or one Corporate Guarantor and other Corporate Guarantor), till it is shown that the Corporate Debtors combinedly are joint venture company.

  • The proposition of law is unmistakably, unambiguously and lucidly clear that where a Financial Creditor, whether singly or jointly with other Financial Creditors seeks initiation of CIRP against the principal borrower or one or the other corporate guarantors in respect of a claim, it cannot file second application for the same set of claim against the other Corporate Debtor, be it the principal borrower or one or other Corporate Guarantor.

  • We also ensure environment of schooling in healthy, safe, protective and gender-sensitive.

  • The amount due to the Operational Creditors under resolution plan shall be given priority in payment over Financial Creditors.

  • It has dealt with the interest of all Stakeholders including Financial Creditors and Operational Creditors of the CD.

  • Counsel for the Financial Creditors and the Ld. Counsel for the Corporate Debtor and perused the records.

  • The interests of all stakeholders (including Financial Creditors, Operational Creditors and other creditors, guarantors, members, employees and other stakeholders of the Company, keeping in view the objectives of the Code (Regulation 38(1A)).

  • No change in shareholding or Control of the SPC shall be permitted without prior approval of Financial Creditors (which shall be banks and financial institutions which are Financial Creditor to the Corporate Debtor at such time, if any) by requisite majority required under IBC.


More Definitions of Financial Creditors

Financial Creditors means the beneficiaries of the SIHPL CPU;
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Financial Creditors means the Australian based financial institutions and Syndicated Lenders, and the US-based bondholders, being the largest class of creditors of the Group DOCA Participants.
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Financial Creditors means collectively the creditors of the secured finance leases (other than Sanwa Finance), CCT, Mr. Lam and Mr. Tam, the Directors who have made loans to the Group
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Financial Creditors means the Lenders, the holders of Class B Exchange Receipts, and their respective successors, transferees and assigns.
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Financial Creditors means the Australian based financial institutions being parties to the Inter-Creditor Agreement and US-based bondholders that are the largest creditors of the HWE Administration Group. As explained in section 7 or this report, many entities within the Group are guarantors of the debts due to these creditors.
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Related to Financial 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;

  • Financial Crime means money laundering, terrorist financing, bribery, corruption, tax evasion, fraud, evasion of economic or trade sanctions, and/or any acts or attempts to circumvent or violate any Laws relating to these matters.

  • Financial Counterparty has the meaning given to such term in, and shall be interpreted in accordance with, 12 C.F.R. 252.81, 12 C.F.R. 382.1 and 12 C.F.R. 47.2.

  • Material Credit Facility means, as to the Company and its Subsidiaries,

  • Prepetition Lenders means the lenders party from time to time to the Prepetition Credit Agreement.

  • 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);

  • Dual credit means the system under which an eligible high school student enrolls in college course(s) and receives credit for the course(s) from both the college and high school.

  • Debtors has the meaning set forth in the Recitals.

  • Financial Debt means a debt along with interest, if any, which is disbursed against the consideration for the time value of money and includes—

  • Universal Credit means any payment of Universal Credit payable under the Welfare Reform Act 2012, the Universal Credit Regulations 2013, The Universal Credit (Consequential, Supplementary, Incidental and Miscellaneous Provisions) Regulations 2013, Universal Credit (Miscellaneous Amendments) Regulations 2013 and the Universal Credit (Transitional Provisions) Regulations 2014;

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

  • Original Credit Agreement shall have the meaning assigned to such term in the recitals hereto.