New Creditor definition

New Creditor means a provider of New Debt.
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New Creditor means any creditor in respect of or in relation to New Debt and as further defined in the Intercreditor Agreement.
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New Creditor means a provider of New Debt which has delivered to the Security Agent a duly completed and signed Accession Agreement.
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Examples of New Creditor in a sentence

  • Joseph Checkler, Lehman’s New Creditor Plan Doesn’t Factor in Key Group, Wall Street Journal, Jan.

  • Presumption of Accuracy of the Entry in the Public Register Upon Passing of the Mortgage and the Claim to the New Creditor The mortgage and the claim are transferred to the new creditor in the same state in which they were in the hands of the former creditor.

  • Debtor’s Obligation Before the New Creditor If, after the transfer of the claim to a new creditor, the debtor pays the former creditor, this payment shall not excuse him from his obligation before the new creditor, even when he knew nothing about the transfer.43 Article 297.

  • Article 401.Defenses of the Debtor Against a Claim of the New Creditor The debtor has the right to raise against a claim of the new creditor defenses that it had against the initial creditor at the time of receipt of notice of the transfer of rights under the obligation to the new creditor.

  • Proof of the Rights of the New Creditor 1.The debtor has the right not to perform an obligation to the new creditor before the presentation to it of proof of the transfer of the claim to this person.

  • Pursuant to the transfer agreement entered into between Jilin Branch ABC and the New Creditor, Jilin Branch ABC (acting on behalf of Nongan Branch ABC) has agreed to sell to the New Creditor, and the New Creditor has agreed to purchase, among others, all of its rights and benefits of the loans mentioned in (a), (b) and (c) in the paragraph headed “(1) Breach of Loan Agreements” in this announcement.

  • The New Creditor Warrant Agreement shall be effective as of the Effective Date and, as of such date, shall be deemed to be valid, binding, and enforceable in accordance with their respective terms, and each Holder of New Creditor Warrants shall be bound thereby.

  • On the Effective Date, the New Creditor Warrants shall be issued and distributed pursuant to the Plan and in accordance with the New Creditor Warrant Agreement.

  • The Holders of New Creditor Warrants shall be deemed to be parties to, and bound by, the terms of the New Creditor Warrant Agreement (solely in their capacity as Holders of New Creditor Warrants) without further action or signature.

  • Pursuant to the transfer agreement entered into between Jilin Branch CCB and the New Creditor, Jilin Branch CCB (acting on behalf of Changchun CCB) has agreed to sell to the New Creditor, and the New Creditor has agreed to purchase, all of its rights and benefits of the loans mentioned in (d) and (e) in the paragraph headed “(1) Breach of Loan Agreements” in this announcement and the Other GBT Loans.


More Definitions of New Creditor

New Creditor means a person who becomes a Senior Creditor or Junior Creditor by acceding to this deed after the date of this deed.
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New Creditor means any creditor in respect of or in relation to New Debt and as further defined in the Intercreditor Principles and/or the Intercreditor Agreement (as applicable).
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New Creditor has the meaning given to that term in Clause 25 (Changes to the Creditors).
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New Creditor has the meaning assigned to such term in the preamble hereto.
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Related to New Creditor

  • Creditor has the meaning set forth in Section 3.3.

  • 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);

  • Debtor means a person who is liable on a claim.