General Creditors definition

General Creditors means the unsecured general creditors of the Company, including the Participants.
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General Creditors means the persons for the time being and from time to time having claims against the Member to the extent that such claims are not at any such time subordinated, or are not required by the MFDA Rules to be subordinated, in favour of other creditors of the Member;
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General Creditors. Meeting” or “AGC” means any General Creditors’ Meeting held under the terms of Chapter II, Section IV of the LFR.
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Examples of General Creditors in a sentence

  • At all times during the continuance of this Trust as provided in this Section 7 hereof, the principal and income of the Trust Fund shall be subject to the claims of General Creditors under federal and state law.

  • If at any time the Trustee has received notice as provided below that the Employers are Insolvent, the Trustee shall discontinue payments to Participants and Beneficiaries, and shall hold assets of the Trust Fund for the benefit of the General Creditors of the Employers, pursuant to the provisions of Section 7.3, with no preference whatsoever given claims of employees over claims of other general unsecured creditors of the Employers.

  • All assets of the Trust Fund and of each investment fund, and the income thereon, shall be held and invested as a single fund and the Trustee shall not make any separate investment of the Trust Fund, or make any separate investment fund, for the account of any Participant or other General Creditors prior to receipt of directions to make payments to such Participant or other General Creditors in accordance with Section 6 or Section 7.

  • The Trust shall be irrevocable from the Effective Date, and the assets of the Trust Fund shall be held in accordance with the provisions hereof for the purpose of providing assets to assist the Employers in meeting the obligations to Participants under the Plan and to satisfy the claims of General Creditors in the event of Insolvency, and defraying the expenses of the Trust.

  • In the event that amounts are paid from the Trust Fund to General Creditors, then as soon as practicable after the Employers are no longer Insolvent, the Employers shall deposit into the Trust Fund a sum equal to the Funding Amount, determined as of the date the Employers are no longer Insolvent, which date shall be a Valuation Date.

  • The Company agrees to promptly seek and obtain the approval of FINRA to terminate as of the Effective Time the notes constituting the line item Liabilities Subordinated to Claims of General Creditors on the Financial Statements.

  • At all times during the continuance of this Trust, as provided in Section 1.1 hereof, the principal and income of the Trust shall be subject to claims of General Creditors of Company or its affiliates and subsidiaries under federal and state law as set forth below.

  • Unsecured --------- -------------------------------------------------------------- General Creditors Status of Director.

  • Participants and their Beneficiaries shall have the rights under this Trust Agreement of unsecured General Creditors of the Company or its affiliates and subsidiaries as applicable and shall not have any preferred claim on, or any beneficial ownership interest in, the Fund prior to the time amounts in the Fund are paid to such Participants or Beneficiaries as benefits under Section 3.3.

  • Notwithstanding the preceding sentence, the Trust shall at all times be subject to the claims of the General Creditors of the Grantors as set forth in Article IX.


More Definitions of General Creditors

General Creditors means the general unsecured creditors of the Employers.
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General Creditors means the persons for the time being and from time to time having claims against the Dealer Member to the extent that such claims are not at any such time subordinated, or are not required by the MFD Rules to be subordinated, in favour of other creditors of the Dealer Member;
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General Creditors means the persons (other than the Principal) now and from time to time having claims against the Firm; and
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General Creditors means CWK General Creditors, CNC/CNT General Creditors, and PTI General Creditors.
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General Creditors means the unsecured general creditors of the Company, including without any priority the Participants.
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General Creditors means any person or entity to whom Manhattan Re is or may be indebted for any obligation, other than an obligation arising out of the terms and
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Related to General 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;

  • 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;

  • 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;

  • 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);

  • 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.