First Creditor definition

First Creditor means EBRD.
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First Creditor means Zenith Bank or its successor who shall accede to this Deed as a First Creditor. "First Debt" means all Liabilities payable or owing by the Company to a First Creditor secured under the First Security Agreements. "First Security" means any Security Interest described in the First Security Agreements, to the extent it relates to the Export Proceeds. "First Security Agreements" means the security agreements listed in Schedule 2 (Security Agreements) as the first security agreements. "Holding Company" means, in relation to a person, any other person in respect of which it is a Subsidiary. "Liability" means any present or future liability (actual or contingent) whether or not matured or liquidated, together with:
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First Creditor means a First Lender, the Existing Overdraft Provider, the First Hedge Counterparty or the First Facility Agent.
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Examples of First Creditor in a sentence

  • First, Creditor points out that 11 U.S.C. § 1329(c) prohibits courts from approving a plan modification that would provide for payments beyond five years.

  • The First Creditor Committee Meeting: Doe Run Peru Proposed a Restructuring Plan 95.

  • The court found that the superior court had correctly ruled that the First Creditor had established all of the necessary elements of a claim for equitable subrogation to the rights of the holder of the Prior Mortgage.

  • However, the proper name of the First Creditor is not material to the analysis in this opinion.homesteads; and (2) the Original Claim is contrary to a final ruling by the New Hampshire Supreme Court in Chase v.

  • It is undisputed that the decision in Chase is a final determination of the highest court in the State of New Hampshire affirming the Creditor’s equitable subrogation right to the interest of the First Creditor in the Prior Mortgage.

  • First, Creditor alleges that Debtor-Spencer and Keller breached the Agreement by failing to pay Creditor the$350,000.00 purchase price, and Creditor seeks damages in this amount.

  • Seniority for the First Creditor An alternative contractual device that may affect lender coordination incentives is priority.

  • First, Creditor argues that the Bankruptcy Court erred by confirming, over its objection, a Plan that pays its full claim plus interest at the Federal Judgment Rate, rather than the Contract Rate.

  • In the Original Claim the First Creditor alleged that it held a secured claim on the Debtor’s residence in the amount of$138,523.82 and a prepetition secured arrearage in the amount of $49,249.04.

  • For debt repayment to the First Creditor Bank and the Second Creditor Bank and both First Creditor Bank and Second Creditor Bank have agreed to expand the repayment due date within December 2014 and the remaining shall be used as the Company’s revolving capital for the Company’s business operations in the future.


More Definitions of First Creditor

First Creditor means Zenith Bank or its successor who shall accede to this Deed as a First Creditor.
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Related to First Creditor

  • 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;

  • The Bank means the Bank of India;

  • Subordinated Creditor means any creditor of Tenant which is a party to a Subordination Agreement in favor of Landlord.

  • 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.

  • Financial Beneficiary means any Principal of the Developer or Applicant entity who receives or will receive any direct or indirect financial benefit from a Development, except as further described in Rule 67-21.0025, F.A.C.

  • Senior Lender means each holder of a Senior Note.

  • Eye bank means a person that is licensed, accredited, or regulated under federal or state law to engage in the recovery, screening, testing, processing, storage, or distribution of human eyes or portions of human eyes.

  • 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;

  • Unsecured Creditor means the holder of an Unsecured Claim.

  • 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);

  • 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;

  • Management Agent means the property management company which oversees the property management functions for the Apartment Housing and which is on-site at the Apartment Housing. The initial Management Agent shall be Xxxxxxxx Valley Management, Inc.

  • DIP Lender means a lender under the DIP Facility.

  • CIT means The CIT Group/Commercial Services, Inc.

  • Obligated bank means the issuer of a cashier's check or teller's check or the acceptor of a certified check.

  • Lender Group means each of the Lenders (including Issuing Bank and the Swing Lender) and Agent, or any one or more of them.

  • judgment creditor means the person in whose favour the judgment was given, and includes any person in whom the rights under the judgment have become vested by succession or assignment or otherwise;

  • Creditor has the meaning set forth in Section 3.3.

  • Income beneficiary means a person to whom net income of a trust is or may be payable.

  • Affected Creditor means a creditor whose claim relates to a liability that is reduced or converted to shares or other instruments of ownership by the exercise of the write down or conversion power pursuant to the use of the bail-in tool;

  • 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;

  • OGC means the Office of Government Commerce

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

  • Second Lien Lenders means the “Lenders” under and as defined in the Second Lien Credit Agreement.

  • Land Bank means the Land and Agricultural Development Bank of South Africa, an entity established in terms of the Land Bank Act;

  • TCA means the Irish Taxes Consolidation Act, 1997, as amended;