Official Creditors definition

Official Creditors. Committee” means the Official Committee of Unsecured Creditors appointed in these Chapter 11 Cases, as such committee may be reconfigured from time to time until the Effective Date.
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Official Creditors. Committee” means the Official Committee of Unsecured Creditors appointed in this Chapter 11 Case, as such committee may be reconfigured from time to time until the Effective Date.
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Official Creditors. Committee appointed in the Cases, to counsel for the Pre-Petition Agent and to the United States Trustee for the Southern District of New York), take one or more of the following actions, at the same or different times (provided, that with respect to clause (iv) below and the enforcement of Liens or other remedies with respect to the Collateral under clause (v) below, the Agent shall provide the Borrower (with a copy to counsel for the Official Creditors' Committee in the Cases, to counsel for the Pre-Petition Agent and to the United States Trustee for the Southern District of New York) with five (5) Business Days' written notice prior to taking the action contemplated thereby and provided, further, that upon receipt of notice referred to in the immediately preceding clause with respect to the accounts referred to in clause (iv) below, the Borrower may continue to make ordinary course disbursements from such accounts (other than the Letter of Credit Account): (i) terminate forthwith the Total Commitment; (ii) declare the Loans then outstanding to be forthwith due and payable, whereupon the principal of the Loans together with accrued interest thereon and any unpaid accrued Fees and all other liabilities of the Borrower accrued hereunder and under any other Loan Document, shall become forthwith due and payable, without presentment, demand, protest or any other notice of any kind, all of which are hereby expressly waived by the Borrower and the Guarantors, anything contained herein or in any other Loan Document to the contrary notwithstanding; (iii) require the Borrower and the Guarantors upon demand to forthwith deposit in the Letter of Credit Account cash in an amount which, together with any amounts then held in the Letter of Credit Account, is equal to the sum of 105% of the then Letter of Credit Outstandings (and to the extent the Borrower and the Guarantors shall fail to furnish such funds as demanded by the Agent, the Agent shall be authorized to debit the accounts of the Borrower and the Guarantors maintained with the Agent in such amount five (5) Business Days after the giving of the notice referred to above); (iv) set-off amounts in the Letter of Credit Account or any other accounts maintained with the Agent and apply such amounts to the obligations of the Borrower and the Guarantors hereunder and in the other Loan Documents; and (v) exercise any and all remedies under the Loan Documents and under applicable law available to the Agent and the Lende...
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Examples of Official Creditors in a sentence

  • For the Official Creditors' Committee of Unsecured Creditors Young Conaway Stargatt & Taylor, LLP The Brandywine Building 1000 West Street, 17th Floor P.O. Box 391 Wilmington, Delaware 19899-0391 (302) 571-6600 Attn: Brendan L.

  • The Secretary of the Treasury should imme- diately commence efforts within the Paris Club of Official Creditors, the International Bank for Reconstruction and Development, the International Monetary Fund, and other appropriate multilateral development institu- 1 So in original.

  • The Incidence of Default With and Without Official Creditors: 1952-2016 Source: Reinhart and Trebesch (2016).

  • Funding through this program will support proof-of-concept stage projects within Ontario’s agriculture and agri-food sector.

  • On August 30, 2002, the Commission and the Official Creditors Committee filed a joint amended plan of reorganization for PG&E.

  • The current Board of Directors shall serve until the next annual or special meeting of shareholders, called in accordance with the Bylaws, provided that the Official Creditors Committee shall on the Effective Date appoint new members to the Board of Directors representing a minimum of two (2) new members up to a maximum number of new members representing 50% of the Board.

  • What the Common Framework did was to bring in newer Official Creditors, such as China – one of the emerging large official bilateral creditors for many African countries.The challenge is that nearly two years after being established, the Common Framework has not achieved its intended objectives.

  • The Official Creditors Committee for the Class 7 Claimants (the 1 “Committee”) asserted that various members of Class 7 entitled to receive notice 2 had not received the documents referred to above.

  • Except as provided herein to the contrary, the Official Creditors' Committee of ARSI ("ARSI OCC") and Audre, Inc.

  • Further, the Bank Group and the Unofficial Noteholders' Committee agreed to establish two unofficial committees and jointly requested that the Office of the United States Trustee disband the Official Creditors' Committee.


More Definitions of Official Creditors

Official Creditors. Committee” means the Official Committee of Creditors Holding Unsecured Claims appointed by the Office of the United States Trustee for the Northern District of Georgia on February 27, 2008 in the Bankruptcy Case pursuant to section 1102 of the Bankruptcy Code, as the constituency of such Committee may be altered from time to time.
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Official Creditors. Committee” means the official committee of unsecured creditors, appointed in the Chapter 11 Cases on March 30, 2009, as the same may be reconstituted from time to time.
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Related to Official Creditors

  • financial creditor means any person to whom a financial debt is owed and includes a person to whom such debt has been legally assigned or transferred to;

  • Lender Creditors shall have the meaning provided in the recitals of this Agreement.

  • Prepetition Lenders means the Persons identified as "Lenders" under the Prepetition Credit Agreement, in their capacities as lenders under the Prepetition Credit Agreement, together with their successors and permitted assigns.

  • 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);

  • Senior Lenders means each of the lenders from time to time under the Senior Credit Agreement.

  • Creditors Committee” means the official committee of unsecured creditors appointed in the Chapter 11 Cases pursuant to section 1102(a) of the Bankruptcy Code.

  • Other Creditors shall have the meaning provided in the recitals of this Agreement.

  • Consenting Creditors has the meaning set forth in the preamble to this Agreement.

  • Debtors has the meaning set forth in the Recitals.

  • Unsecured Creditors means all Creditors with Concurrent Claims against the Company;

  • DIP Lenders has the meaning assigned to such term in Section 2.05(b).

  • Senior Creditor means a holder or holders of Senior Indebtedness and includes any representative or representatives, agent or agents or trustee or trustees of any such holder or holders;

  • Subordinated Creditors means all creditors the indebtedness of which is subordinated, in the event of the Winding-Up of DSB, in right of payment to the claims of depositors and other unsubordinated creditors of DSB other than those whose claims rank or is expressed to rank by operation of law or contract pari passu with, or junior to, the claims of the Noteholders. For this purpose indebtedness shall include all liabilities, whether actual or contingent;

  • Senior Lender Claims means (a) the principal of all Indebtedness outstanding under one or more of the Senior Lender Documents to the extent not prohibited by the Indenture (as in effect on the date hereof), and (b) all other Obligations not constituting principal of Indebtedness of any Obligor under the Senior Lender Documents, including, without limitation, all claims under the Senior Lender Documents for interest, fees, expense reimbursements, indemnification and other similar claims. Senior Lender Claims shall include all interest accrued or accruing (or which would, absent the commencement of an Insolvency or Liquidation Proceeding, accrue) after the commencement of an Insolvency or Liquidation Proceeding in accordance with and at the rate specified in the Senior Credit Agreement whether or not the claim for such interest is allowed as a claim in such Insolvency or Liquidation Proceeding. To the extent any payment with respect to the Senior Lender Claims (whether by or on behalf of any Obligor, as proceeds of security, enforcement of any right of setoff or otherwise) is declared to be fraudulent or preferential in any respect, set aside or required to be paid to a debtor in possession, trustee, receiver or similar Person, then the obligation or part thereof originally intended to be satisfied shall be deemed to be reinstated and outstanding as if such payment had not occurred. Notwithstanding anything to the contrary contained in the first sentence of this definition, any principal Indebtedness (including reimbursement obligations for drawn or undrawn letters of credit) incurred under the Senior Credit Agreement shall constitute a "Senior Lender Claim" (whether or not such Indebtedness is at any time determined not to have been permitted to be incurred under the Indenture), to the extent, after giving effect to such incurrence, the aggregate principal amount of Indebtedness outstanding under the Senior Credit Agreement does not exceed $15,000,000 (less any prior permanent reductions in the Revolving Loan Commitment).

  • Prepetition Agent means Goldman Sachs Bank USA in its capacity as administrative agent and collateral agent under the Prepetition Credit Agreement.

  • operational creditor means a person to whom an operational debt is owed and includes any person to whom such debt has been legally assigned or transferred;

  • Prepetition means arising or accruing prior to the Petition Date.

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

  • Requisite Creditors of any Class shall mean each of (x) with respect to the Credit Document Obligations, the Required Banks and (y) with respect to the Other Obligations, the holders of at least a majority of all obligations outstanding from time to time under the Interest Rate Protection Agreements or Other Hedging Agreements.

  • Interests of the beneficiaries means the beneficial interests provided in the terms of the trust.

  • Senior Agent means the Person acting as agent from time to time for and on behalf of the Senior Lenders under the Credit Facility, together with its successors and assigns in such capacity.

  • Senior Lender means each holder of a Senior Note.

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

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

  • Judicial Code means title 28 of the United States Code, 28 U.S.C. §§ 1–4001.

  • Bank Lenders means the banks and financial institutions party to the Bank Credit Agreement.