ICD Creditors definition

ICD Creditors means the loans and advances extended by corporate entities (not being Financial Creditors or Operational Creditors) to JBF Petro or the Petitioner Company (as the case may be), the details and proportion of which, as at July 31, 2018, are laid down in ScheduleD hereto;
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Examples of ICD Creditors in a sentence

  • The ICD Remaining Debt Conversion Price was agreed between the Company and the ICD Creditors on a willing-buyer and willing-seller basis taking into consideration the Company’s share price during the commencement of the negotiations in the first quarter of 2016 and volatility in the market.

  • The Company consequently entered into a binding term sheet on 12 December 2016 (“Term Sheet Dated 12 December 2016”) with the OWIL, BWIL and OKGL (i.e. the ICD Creditors).

  • Under the terms of the Restructuring Framework Agreement, the ICD Creditors have agreed to convert an aggregate of SGD29,565,492 (“ICD Creditors Converted Debt”) of the ICD Creditors Existing Debt into 7,484,934,745 DE Conversion Shares at the DE Conversion Price of SGD0.00395.

  • The ICD Creditors Advances, as on the Cut Off Date have a total outstanding of Rs. 44.39Crores, which shall be converted into ordinary equity shares of the Petitioner Company, in accordance with the provisions of the Act, regulations issued by the Securities and Exchange Board of India and other applicable laws.

  • The Company, OAG, OAC China, the ICD Creditors and the Security Trustee have agreed to terminate the Intercreditor Deed and release the Secured Assets in accordance with the terms and subject to the conditions of the Deed of Termination and Release.

  • The ICD Creditors, the Other DE Conversion Persons, the Directors and the New Investors shall not sell, grant options over, transfer, charge, pledge or dispose of or enter into any agreement to dispose of any of the DE Conversion Shares for a period of six (6) months from the date the DE Conversion Shares are admitted to the Mainboard of the SGX-ST.

  • The ICD Creditors, the Other DE Conversion Persons and the Directors will assign a part of its outstanding debt owing by the Company to the New Investors (the “Creditors’ Rebalancing Exercise”).

  • The Company, the ICD Creditors, the Other DE Conversion Persons and the Directors agreed that in order to attract critical and immediate funding to allow continuity of the Company’s business, the Company needed to provide New Investors with a discount and also the Creditors’ Rebalancing Exercise set out in Section 6.1 of this Circular to commensurate with the risks faced by the New Investors in respect of their investment.

  • Further, the Company, the ICD Creditors, the Other DE Conversion Persons and the Directors agreed that in order to attract critical and immediate funding to allow continuity of the business, the Company needed to provide New Investors the assignment of debt and a discount on the Subscription Price to commensurate with the risks faced by the New Investors in respect of their new investment.

  • AWES quantity should be seen as an emergency measure where rate of waste production is high or where waste disposal system delays.

Related to ICD Creditors

  • 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);

  • Secured Creditors shall have the meaning assigned that term in the respective Security Documents.

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

  • Second Lien Agent has the meaning set forth in the Intercreditor Agreement.

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

  • 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.

  • Required Secured Creditors means (i) at any time when any Credit Document Obligations are outstanding or any Commitments under the Credit Agreement exist, the Required Lenders (or, to the extent provided in Section 13.12 of the Credit Agreement, each of the Lenders) and (ii) at any time after all of the Credit Document Obligations have been paid in full and all Commitments under the Credit Agreement have been terminated and no further Commitments may be provided thereunder, the holders of a majority of the Other Obligations.

  • Debtors has the meaning set forth in the Recitals.

  • Guaranteed Creditors means and include each of the Agent, the Collateral Agent, the Banks and each party (other than any Credit Party) party to an Interest Rate Protection Agreement or Other Hedging Agreement to the extent such party constitutes a Secured Creditor under the Security Documents.

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

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

  • 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;

  • Second Priority Representative means (i) in the case of the Initial Second Priority Debt Facility covered hereby, the Initial Second Priority Representative and (ii) in the case of any Second Priority Debt Facility and the Second Priority Debt Parties thereunder the trustee, administrative agent, collateral agent, security agent or similar agent under such Second Priority Debt Facility that is named as the Representative in respect of such Second Priority Debt Facility in the applicable Joinder Agreement.

  • Junior Representative means, with respect to any series of Permitted Junior Debt, the trustee, administrative agent, collateral agent, security agent or similar agent under the indenture or agreement pursuant to which such Permitted Junior Debt is issued, incurred or otherwise obtained and each of their successors in such capacities.

  • Requisite Creditors of any Class shall mean each of (x) with respect to the Credit Document Obligations, the Required Banks and (y) with respect to the Other Obligations, the holders of at least a majority of all obligations outstanding from time to time under the Interest Rate Protection Agreements or Other Hedging Agreements.

  • Senior Representative means, with respect to any series of Indebtedness, the trustee, administrative agent, collateral agent, security agent or similar agent under the indenture or agreement pursuant to which such Indebtedness is issued, incurred or otherwise obtained, as the case may be, and each of their successors in such capacities.

  • Second Lien Credit Agreement means that certain Second Lien Credit Agreement, dated as of December 30, 2020, among Vine Energy Holdings LLC, as borrower, the lenders from time to time party thereto and Xxxxxx Xxxxxxx Senior Funding, Inc. as Administrative Agent (as defined therein) and Collateral Agent (as defined therein), as further amended, restated, amended and restated, extended, supplemented or otherwise modified from time to time

  • First Lien Agent has the meaning given to such term in the Intercreditor Agreement.

  • Secured Parties means, collectively, the Administrative Agent, the Collateral Agent, the Lenders, the Hedge Banks, the Cash Management Banks, the Supplemental Administrative Agent and each co-agent or sub-agent appointed by the Administrative Agent from time to time pursuant to Section 9.01(c).

  • Prepetition Agent means Goldman Sachs Bank USA in its capacity as administrative agent and collateral agent under the Prepetition Credit Agreement.

  • Senior Agent means the Person acting as agent from time to time for and on behalf of the Senior Lenders under the Credit Facility, together with its successors and assigns in such capacity.

  • Priority Lien Secured Parties means the holders of Priority Lien Obligations and any Priority Debt Representatives.

  • Second Lien Secured Parties means, at any relevant time, the holders of Second Lien Obligations at such time, including without limitation the Second Lien Lenders and the agents under the Second Lien Credit Agreement.

  • 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).

  • 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.