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

  • 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.

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

  • 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.

  • Therefore, you having lent money to the Corporate Debtor against payment of interest will fall under the category of Financial Creditors.

  • 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.

  • Any proceeds and/or assets received on account of the applications filed under these sections 43, 45, 49, 66, shall not form part of the liquidation sale under the E-Auction, however, shall be part of the liquidation estate, for distribution to the Financial Creditors.

  • Accordingly, the liquidation value of the Company is not sufficient to cover the debt of secured Financial Creditors of the Company in full.

  • Minutes of the meeting show that claims from 12 Financial Creditors in Form C total amounting to ₹ 23,38,83,79,339.11 were received to date.

  • Committee of Creditors of INCAB Industries LtdThrough Kamala Mills LtdBeing the Largest Financial Creditors Office At: Kamala Mills Compound Senapati Bapat Marg, Lower Parel Respondent No.1/ Corporate DebtorMumbai – 400013 Respondent No.2 Present: For Appellant : Mr Sanjib Kumar Mohanty, Mr AkhileshShrivastava, Ms P.S. Chandralekha & Mr Akash Sharma, Advocates.


More Definitions of Financial Creditors

Financial Creditors means the beneficiaries of the SIHPL CPU;
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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 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 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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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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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;

  • operational creditor means a person to whom an operational debt is owed and includes any person to whom such debt has been legally assigned or transferred;

  • 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.

  • Financial agent means any individual acting for and by himself or herself, or any two or more individuals acting together or cooperating in a financial way to aid or take part in the nomination or election of any candidate for public office, or to aid or promote the success or defeat of any political party at any election.

  • Financial Parties The Noteholders and the Certificateholders.

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

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

  • 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.

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

  • Federal credit means the Low Income Housing Tax Credit established by the federal government for the purpose of encouraging the development of affordable housing and governed by the Code.

  • 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);

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

  • Financial Commitment means the legally binding undertaking of the Operator to mobilize the financial requirements of the project, for ensuring the completion of the project;

  • 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;

  • 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 Insolvency means, with respect to any Named Entity covered under any Coverage Part designated as “included” in the Declarations attached hereto:

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

  • Financial Contribution means a contribution from an implementing partner in the form of own risk-taking capacity that is provided on a pari passu basis with the EU guarantee or in another form that allows an efficient implementation of the InvestEU Programme while ensuring appropriate alignment of interest;

  • 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).

  • Financial Contract of a Person means (i) any exchange-traded or over-the-counter futures, forward, swap or option contract or other financial instrument with similar characteristics or (ii) any Rate Management Transaction.

  • Financial Contracts means any arrangement that:

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

  • financial entity means the following entities which meet such criteria or conditions as the Central Government may, in consultation with the financial sector regulator, notify in this behalf, namely: