Loan creditor definition

Loan creditor means a creditor in respect of:
Loan creditor in relation to a company, means a creditor in respect of any debt incurred by the company-
Loan creditor means a creditor in respect of: - any debt incurred by the company for any money borrowed or capital assets acquired by the company, - any right to receive income created in favour of the company, - consideration, the value of which to the company was (at the time the debt was incurred) substantially less than the debt (including any premium on the debt) or any redeemable loan capital issued by the company. The following interests should not be included: debts that have arisen purely as a consequence of an arm‟s length trading relationship with a company, shareholdings that amount, in total, to 1% or less of the company‟s issued share capital, holdings in Guernsey registered collective investment schemes.

Examples of Loan creditor in a sentence

  • Eligible first-time mothers (2,727 in all) were randomly assigned to either the Healthy Families Oregon program or to a community services-as-usual control group.

  • Loan creditor, B has agreed to accept Rs. 30,000 each and to forfeit the balance.

  • In 2013, only one of the 49 samples tested failed to conform to quality standards (Erythromycine cé 250mg supplied by Anm life science of India) (see Figure 11).

  • In previous financial statements, value linked loans were shown at the original amounts borrowed from the Commissioners, with the property purchased shown at depreciated insurance value within fixed assets.Given that the full sale proceeds on any disposal are payable to the Commissioners, the trustees decided that the accounting policy should be refined such that the Value Linked Loan creditor would match the corresponding property asset net book value at all times.

  • We draw attention to the qualification made by the auditor of a Subsidiary company SCIL Infra Con (P) Ltd in respect of understatement of Liabilities & Assets to the tune of Rs. 102.79 lakhs due to set off of payables to an individual against receivables from a company without obtaining confirmation from such Unsecured Loan creditor for such set-off.

  • International Human Rights Law and the Death Penalty for Drug Offences’ (18th International Conference on the Reduction of Drug-Related Harm, Warsaw, 15 May 2007).

  • However he concluded that Centerbridge’s right to additional equity and Ares and Ascribe’s right to exchange debt for equity under the Unsecured Creditors’ Scheme were not such as to prevent consultation between secured note holders as a group or between the secured note holders on the one hand and Centerbridge as the Term Loan creditor on the other.

  • He also rejected the submission that the fact that the unsecured Term Loan debt would take priority over the holders of the unsecured notes did not create any difference in legal rights between the secured note holders on the one hand and the Term Loan creditor on the other, but was rather a matter to which holders of senior unsecured notes would have regard in determining whether to approve the Unsecured Creditors’ Scheme.

  • The primary judge also noted that the scheme had a common legal effect on the secured note holders and the Term Loan creditor to the extent that it extended the maturity date of each facility to a common date.

  • He stated that that submission may describe the commercial impact of the waiver of the rights, and concluded that both the secured note holders and Centerbridge as the Term Loan creditor had an interest in the matter, although the interest was opposed in commercial terms.


More Definitions of Loan creditor

Loan creditor in relation to a company means a creditor in respect of any debt