operational creditors definition

operational creditors means the creditors that have extended operational debt in respect of goods or services to the Petitioner Company, the details and proportion of which, as at July 31, 2018, are laid down in ScheduleE hereto;
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operational creditors means a person to whom an operational debt is owed and includes any person to whom such debt has been legally assigned or transferred;”
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operational creditors liquidation value” means the amount that would be due to operational creditors, in the event that the corporate debtor were to be liquidated on the insolvency commencement date and its assets were distributed in accordance with section 53 of the Code;
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Related to operational 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;

  • Additional Credit Party means each Person that becomes a Guarantor by execution of a Joinder Agreement in accordance with Section 5.10.

  • Material Credit Facility means, as to the Company and its Subsidiaries,

  • Universal Credit means any payment of Universal Credit payable under the Welfare Reform Act 2012, the Universal Credit Regulations 2013, The Universal Credit (Consequential, Supplementary, Incidental and Miscellaneous Provisions) Regulations 2013, Universal Credit (Miscellaneous Amendments) Regulations 2013 and the Universal Credit (Transitional Provisions) Regulations 2014;

  • National Credit Act means the National Credit Act, 2005 (Act No. 34 of 2005);

  • Original Credit Agreement shall have the meaning assigned to such term in the recitals hereto.

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

  • Prepetition Lenders means the lenders party from time to time to the Prepetition Credit Agreement.

  • Debtors has the meaning set forth in the Recitals.

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

  • 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);

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

  • Lender Group Representatives has the meaning specified therefor in Section 17.9 of the Agreement.

  • Subordinated Creditor means any creditor of Tenant which is a party to a Subordination Agreement in favor of Landlord.