Loan Debtors definition

Loan Debtors means J. Crew Group, Inc., Chinos B, J. Crew Operating Corp., J. Crew Inc., J. Crew International, Inc., Grace Holmes, Inc., H. F. D. No. 55, Inc., Madewell Inc., and J. Crew Virginia, Inc., each in their capacity as obligor under or guarantor of the obligations under the ABL Facility Documents and Term Loan Documents, as applicable.
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Loan Debtors means an obligor or guarantor, including a third party pledgor, with respect to the Loan Documents relating to a Loan.
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Loan Debtors means each Person obligated to make payments to WebBank in connection with an Eligible Loan. “Loan Documents” are, collectively, this Agreement, the Warrant, the Perfection Certificate, any note, or notes or guaranties executed by Borrower, and any other present or future agreement between Borrower and/or for the benefit of Lenders and/or Agents in connection with this Agreement, all as amended, restated, or otherwise modified.
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Examples of Loan Debtors in a sentence

  • After the Effective Date, consistent with the terms of the DIP Loan, Debtors shall, in their sole and absolute discretion, be authorized to compromise and settle any of the Causes of Action, without Court approval or notice to any party, at any time, and for any consideration that Debtors believe to be in their best interest (and not necessarily in the best interest of the Creditors) including, inter alia, the right to permit the Debtors to accept zero-cash or non-cash benefits.

  • According to the loan agreements, the Loan Debtors had been in default for loans repayment for which the enforceability of the collaterals, if any, was quite difficult.

  • Accordingly, base on a valuation report as prepared by an independent valuer, a full provision of impairment for loan receivables from the Loan Debtors amounted to HK$117,178,000 (2018: HK$12,963,000) had been recognised in the consolidated statement of profit or loss for the year ended 31 December 2019.

  • Based on the Valuation Analysis set forth herein, the Debtors’ prepetition secured parties are not being repaid in full and as a result, any chapter 11 plan (regardless of substantive consolidation) that contemplates a distribution to general unsecured creditors of the Loan Debtors and IPCo Debtors must be contributed from the secured lenders.

  • In particular, the Term Lenders and IPCo Noteholders have validly perfected liens and security interests, as described herein, on substantially all of the Debtors’ assets that requires that their claims be repaid in full before general unsecured creditors of the Loan Debtors and IPCo Debtors would be entitled to a distribution.

  • The short answer from the informants was that community housing offers a fitting way for churches to meet social need.

  • During the financial year, the Tarway Loan Debtors settled S$7,708,000 (equivalent to approximately A$5,922,000) in cash.

  • Loan Debtors of €70,000 in 2017 refers to the settlement agreed with Kerry County Council in relation to Dingle Boats Teo.

  • As security for the Loan, Debtors granted a security interest to Lenders by way of a Business Loan General Security Agreement dated March 8, 2008 (the “GSA”) and pursuant to a mortgage registered as SN123456 on April 19, 2008 in the principal amount of $700,000 over the property described as PT LT 11 CON 22 Pelham PT 2 22R2222 and municipally known as 123 Borrowers Way, Toronto, ON (the “Mortgage”).

  • Rajeev Darolia & Dubravka Ritter, Strategic Default Among Private Student Loan Debtors: Evidence from Bankruptcy Reform, 15 EDUC.


More Definitions of Loan Debtors

Loan Debtors mean mortgagors, trustors of trust deeds and deeds of trust, and the grantors or any security deeds relating to adjustable loans.
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Loan Debtors means each Person now or hereafter obligated to make payments to Borrower in connection with an Eligible Loan (until such Eligible Loan is repaid in full).
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Related to Loan Debtors

  • First Lien Lenders means the “Lenders” under and as defined in the First Lien Credit Agreement.

  • Loan Obligations means (a) the due and punctual payment by the Borrower of (i) the unpaid principal of and interest (including interest accruing during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding) on the Loans made to the Borrower under this Agreement, when and as due, whether at maturity, by acceleration, upon one or more dates set for prepayment or otherwise, (ii) each payment required to be made by the Borrower under this Agreement in respect of any Letter of Credit, when and as due, including payments in respect of reimbursement of disbursements, interest thereon (including interest accruing during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding) and obligations to provide Cash Collateral and (iii) all other monetary obligations of the Borrower owed under or pursuant to this Agreement and each other Loan Document, including obligations to pay fees, expense reimbursement obligations and indemnification obligations, whether primary, secondary, direct, contingent, fixed or otherwise (including monetary obligations incurred during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding), and (b) the due and punctual payment of all obligations of each other Loan Party under or pursuant to each of the Loan Documents.