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.