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.
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General creditor means one whoseclaim or debt is not secured by a specific right to obtain satisfaction against the particular property subject to forfeiture.
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General creditor means a creditor of the Company who is not a Segregated PortfolioCreditor.
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Examples of General creditor in a sentence

  • Unable to settle migrant labor difficulties on its own, the Thai government sought bilateral cooperation and the Memorandum of Understanding (MOU) on Cooperation in Employment of Workers was signed on 21 June 2003 among Myanmar, Laos, and Cambodia.

  • 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 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.

  • 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.


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.
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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.
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General creditor means an unsecured creditor of either the Company or the Bank, 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, and shall include, but shall not be limited to, any holder of a deposit account at the Bank, and the Federal Deposit Insurance Corporation (or any successor thereto) insofar as it is subrogated to the claims of depositors.
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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.
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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.
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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 Georgia 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 creditors of the Issuer: (a) who are unsubordinated creditors of the Issuer; (b) whose claims are, or are expressed to be, subordinated to the claims of unsubordinated creditors of the Issuer but not further or otherwise; or (c) whose claims are, or are expressed to be, junior to the claims of other creditors of the Issuer, whether subordinated or unsubordinated, other than those whose claims rank, or are expressed to rank, pari passu with, or junior to, the claims of the Holders in a winding-up in respect of the Securities (and, for the avoidance of doubt, Senior Creditors shall include holders of Tier 2 Capital instruments);

  • 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.

  • 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 lenders from time to time party to the Prepetition Credit Agreements.

  • 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.

  • 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.