General creditor definition

General creditor means one whose claim or debt is not secured by a spe- cific right to obtain satisfaction against the particular property subject to forfeiture.
Sample 1Sample 2Sample 3
General creditor means one whoseclaim or debt is not secured by a specific right to obtain satisfaction against the particular property subject to forfeiture.
Sample 1Sample 2Sample 3
General creditor means a creditor of the Company who is not a Segregated PortfolioCreditor.
Sample 1Sample 2Sample 3

Examples of General creditor in a sentence

  • General creditor claims processing will not commence until there is clarity on the potential for a meaningful distribution to general unsecured creditors.

  • Affiliate credit enhancement means a credit enhancement that is provided by an affiliate of a party to the direct QFC that the credit enhancement supports.(d) General creditor protections.

  • The categories of the analysis of the data are based on the personal experiences and background of the respondents, their understanding, and awareness of BIM.

  • The final rule, like the proposal, prohibits a covered FSI from being party to a covered QFC that allows for the exercise of any default right that is related, directly or indirectly, to the entry into resolution of an affiliate of the covered FSI, subject to the General creditor protections.

  • General creditor claims are evaluated by the Trustee only if there is a general estate available for distribution.


More Definitions of General creditor

General creditor means each Person who, as of the Merger Filing, is a creditor of the Company, whether or not the amount owing to such Person has been billed to the Company as of the Merger Filing.
Sample 1Sample 2
General creditor means one whose claim or debt is not secured by a specific right to obtain satisfaction against the particular property subject to forfeiture.
Sample 1Sample 2
General creditor means an unsecured creditor, irrespective of whether such creditor may by law have a priority claim to distribution of, but not a security interest in, assets of an Insolvent debtor's estate.
Sample 1
General creditor means a creditor of the Fund who is not a Protected Cell Creditor as defined in the DFSA Rulebook and the PCC Regulations.
Sample 1
General creditor means a Person or other entity who has an unsecured claim against an Estate. General Creditor shall not mean the Nation or the United States Federal Government.
Sample 1

Related to General creditor

  • 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 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;

  • 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.

  • 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;

  • 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;

  • 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.

  • 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;

  • Creditor has the meaning set forth in Section 3.3.

  • 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);

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

  • Debtor means a person who is liable on a claim.

  • Federal credit union means a credit union chartered under the Federal Credit Union Act.

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

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

  • 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.

  • Senior Lender means each holder of a Senior Note.

  • Senior Lender Claims means (a) the principal of all Indebtedness outstanding under one or more of the Senior Lender Documents to the extent not prohibited by the Indenture (as in effect on the date hereof), and (b) all other Obligations not constituting principal of Indebtedness of any Obligor under the Senior Lender Documents, including, without limitation, all claims under the Senior Lender Documents for interest, fees, expense reimbursements, indemnification and other similar claims. Senior Lender Claims shall include all interest accrued or accruing (or which would, absent the commencement of an Insolvency or Liquidation Proceeding, accrue) after the commencement of an Insolvency or Liquidation Proceeding in accordance with and at the rate specified in the Senior Credit Agreement whether or not the claim for such interest is allowed as a claim in such Insolvency or Liquidation Proceeding. To the extent any payment with respect to the Senior Lender Claims (whether by or on behalf of any Obligor, as proceeds of security, enforcement of any right of setoff or otherwise) is declared to be fraudulent or preferential in any respect, set aside or required to be paid to a debtor in possession, trustee, receiver or similar Person, then the obligation or part thereof originally intended to be satisfied shall be deemed to be reinstated and outstanding as if such payment had not occurred. Notwithstanding anything to the contrary contained in the first sentence of this definition, any principal Indebtedness (including reimbursement obligations for drawn or undrawn letters of credit) incurred under the Senior Credit Agreement shall constitute a "Senior Lender Claim" (whether or not such Indebtedness is at any time determined not to have been permitted to be incurred under the Indenture), to the extent, after giving effect to such incurrence, the aggregate principal amount of Indebtedness outstanding under the Senior Credit Agreement does not exceed $15,000,000 (less any prior permanent reductions in the Revolving Loan Commitment).

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

  • National Credit Act means the National Credit Act, 2005 (Act No. 34 of 2005);

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

  • Additional Credit Party means each Person that becomes a Guarantor by execution of a Joinder Agreement in accordance with Section 5.10.

  • 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.

  • 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;

  • Second Lien Claimholders means, at any relevant time, the holders of Second Lien Obligations at that time, including the Second Lien Lenders and the agents under the Second Lien Loan Documents.