Judgment lien creditor definition

Judgment lien creditor means a person who obtains a valid judgment of a court of record for recovery of specific property or a sum certain of money, and who in the case of a recovery of money, has a perfected lien under the judgment on the property involved. A judgment lien does not include inchoate liens such as attachment or garnishment liens until they ripen into a judgment. A judgment lien does not include the determination or assessment of a quasi-judicial authority, such as a state or federal taxing authority.
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Examples of Judgment lien creditor in a sentence

  • The term also includes the con- sideration in a transaction in which the purchaser has not completed per- formance of an obligation, such as the consideration in an installment pur- chase contract where the purchaser has not completed the installment pay- ments.(g) Judgment lien creditor.

  • These abnormalities could have had the potential to invalidate numerous corporate actions taken in the interim.

  • Judgment lien creditor or in the case suspend a security interest in non-fixture real.

  • Th e t e r m a lso i n cl u des t h e co n- side ra t io n i n a t ran s a c t io n i n w h ic h t h e p ur c ha se r ha s n o t co m ple t ed pe r - fo r m an ce of an oblig a t io n , s u c h a s t h e co n side ra t io n i n an i n s t a ll m e n t p ur- c ha se co n t ra c t w h e r e t h e p ur c ha se r ha s n o t co m ple t ed t h e i n s t a ll m e n t p ay- m e n t s.( g) Judgment lien creditor.

Related to Judgment lien creditor

  • 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;

  • Settlement Lien means any Lien relating to any Settlement or Settlement Indebtedness (and may include, for the avoidance of doubt, the grant of a Lien in or other assignment of a Settlement Asset in consideration of a Settlement Payment, Liens securing intraday and overnight overdraft and automated clearing house exposure, and similar Liens).

  • judgment debtor means any person against whom a decree has been passed or an order capable of execution has been made;

  • Second Lien Credit Agreement means the Second Lien Credit Agreement, dated as of the Effective Date, among Holdings, the Borrowers, the lenders party thereto and Deutsche Bank AG New York Branch, as administrative agent and collateral agent.

  • First Lien Credit Agreement has the meaning set forth in the recitals hereto.

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

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

  • Second Lien Agent means the Second Lien Facility Agent and/or any Second Lien Creditor Representative, as the context requires.

  • Priority Debt means, as of any date, the sum (without duplication) of (i) Indebtedness of the Company and its Subsidiaries secured by Liens not otherwise permitted by Sections 10.4(a) through (h), and (ii) outstanding unsecured Indebtedness of Subsidiaries not otherwise permitted by Sections 10.3(a) through (d).

  • ABL Lender means any lender or holder or agent or arranger of Indebtedness under the ABL Credit Agreement.

  • Other First Lien Obligations means the “Other First Lien Obligations” as defined in the Collateral Agreement, including any interest accruing after commencement of any bankruptcy or insolvency proceeding with respect to any holder of Other First Lien Obligations whether or not allowed in such proceeding.

  • Second Lien Obligations means the “Obligations” as defined in the Second Lien Credit Agreement.

  • DIP Facility Claim means a Claim arising under or as a result of the DIP Facility.

  • Assessment lien means a lien on property within an assessment area that arises

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