Ordinary Creditor definition

Ordinary Creditor means a Creditor with a Proven Claim, except for those Claims that:
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Ordinary Creditor means any Creditor with an Ordinary Claim;
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Ordinary Creditor means any Person other than a Lender who has a Claim against any of the Debtors;
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Examples of Ordinary Creditor in a sentence

  • Thereafter, such transferee or assignee shall, for all purposes in accordance with the Claims Procedure Order constitute an Ordinary Creditor and shall be bound by notices given and steps in respect of such Ordinary Creditor’s Claim.

  • All distributions shall be made by cheque and sent by prepaid ordinary mail to the last known address for such Ordinary Creditor.

  • Thereafter, such transferee or assignee shall, for all purposes in accordance with the Claims Procedure Order, the Meeting Order, the CCAA and the Plan constitute an Ordinary Creditor or a Convenience Class Creditor, as applicable, and shall be bound by any and all notices previously given to the transferor or assignor in respect of such Claim.

  • As of the Effective Date, each Ordinary Creditor is bound by the value attributed to the Acknowledged Claims pursuant to Article 1 above, regardless of whether such Ordinary Creditor has filed a claim in the bankruptcy of LBT, or has voted against or in favor of this Composition Plan or has abstained from voting.

  • Upon the date that all distributions under the Composition Plan have been made, each Ordinary Creditor shall have waived, released and discharged, to the extent applicable, the Released Parties of and from any and all claims, rights and liabilities arising under or related to the Composition Plan or the implementation or performance thereof or to any distributions made or not made thereunder.

  • If a distribution to an Ordinary Creditor, or a Convenience Class Creditor, in respect of its Proven Distribution Claim is returned as undeliverable (each, an ―Undeliverable Distribution‖), no further delivery will be required unless and until the Monitor is notified in writing of such Affected Creditor’s then current address.

  • As of the Effective Date, each Ordinary Creditor is bound by this Composition Plan, whether or not such Ordinary Creditor has filed a claim in the bankruptcy of LBT or voted in favor or against the Composition Plan.

  • As of the Effective Date, each and every Ordinary Creditor shall waive any and all claims, rights, remedies and actions against the Released Parties and (other) Ordinary Creditors with respect to the valuation, recognition and settlement of any Acknowledged Claim, including but not limited to the Acknowledged U.S. Debtor Claims and the Settlement Agreement.

  • LBT will on or promptly after the Distribution Date make distributions to the holders of Acknowledged Other Ordinary Claims by paying each such Other Ordinary Creditor, as indicated in the records of LBT, its Pro Rata Share of Available Cash on the bank account provided by the holder of such Acknowledged Other Ordinary Claim.

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More Definitions of Ordinary Creditor

Ordinary Creditor means a Person holding one or more Ordinary Claims;
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Related to Ordinary Creditor

  • Primary Credit Facility mean the credit facility described in the Line of Credit section of this Agreement.

  • 364-Day Credit Agreement means the 364-Day Credit Agreement, dated as of the date hereof, among the Borrowers, the several banks and other financial institutions from time to time parties thereto, JPMorgan Chase Bank, as administrative agent, and the other agents party thereto.

  • Standard Letter of Credit Practice means, for Issuing Bank, any domestic or foreign law or letter of credit practices applicable in the city in which Issuing Bank issued the applicable Letter of Credit or, for its branch or correspondent, such laws and practices applicable in the city in which it has advised, confirmed or negotiated such Letter of Credit, as the case may be, in each case, (a) which letter of credit practices are of banks that regularly issue letters of credit in the particular city, and (b) which laws or letter of credit practices are required or permitted under ISP or UCP, as chosen in the applicable Letter of Credit.

  • Company Credit Agreement means that certain Credit Agreement, dated as of January 28, 2019, by and between the Company, the lenders party thereto from time to time and SunTrust Bank, as administrative agent for the revolving lenders and as collateral agent for the secured parties thereunder.

  • Supplementary Cardholder means the person who has been issued a Supplementary Card.

  • Practice means the practice of medicine and surgery or osteopathic medicine and surgery.

  • Supplementary Cardmember means a person who has been nominated by the Cardmember to be issued with an additional Card on the Account and is also covered by the insurance benefits included with the Card.

  • Availability Credit means the remedy IBM will provide for a validated Claim. The Availability Credit will be applied in the form of a credit or discount against a future invoice of subscription charges for the Service.

  • Company Credit Facility means the Credit Agreement, dated as of March 24, 2016, as amended and restated as of December 14, 2017, as further amended and restated as of May 7, 2019, as further amended and restated as of September 11, 2019, and as further amended and restated as of November 12, 2019, by and among Centene, the various financial institutions named therein, as lenders, and Wells Fargo Bank, National Association, as Administrative Agent, including any related notes, Guarantees, collateral documents, instruments and agreements executed in connection therewith, and in each case as amended, restated, modified, renewed, refunded, replaced or refinanced (in whole or in part) from time to time, whether or not with the same lenders or agent.

  • Ancillary crime or "ancillary charge" means any delinquent act committed by a juvenile as a part

  • Revolving Loan Account has the meaning described in Section 2.1.9 (Revolving Loan Account).

  • Bank Credit Agreement means the Revolving Credit and Term Loan Agreement, dated as of January 26, 2015, by and among the Company and certain of its Subsidiaries, Bank of America, N.A., as administrative agent, and the other financial institutions party thereto, as amended, restated, joined, supplemented or otherwise modified from time to time, and any renewals, extensions or replacements thereof, which constitute the primary bank credit facility of the Company and its Subsidiaries.

  • Unsafe or unsound practice means a practice or conduct by a

  • rate(s) of exchange has the meaning specified in Section 1.14.

  • Unfair labor practice means the commission of an act designated an unfair labor practice

  • electronic credit ledger means the electronic credit ledger referred to in sub-section (2) of section 49;

  • customs value means the value as determined in accordance with the 1994 Agreement on implementation of Article VII of the General Agreement on Tariffs and Trade (WTO Agreement on customs valuation);

  • Letter of Credit Report means a certificate substantially the form of Exhibit H or any other form approved by the Administrative Agent.

  • ISP98 means the International Standby Practices (1998 Revision, effective January 1, 1999), International Chamber of Commerce Publication No. 590.

  • Group practice means a group of two or more health care providers legally organized as a partnership, professional corporation, or similar association:

  • customs duty means any customs or import duty and a charge of any kind, imposed in connection with the importation of a good, but does not include any:

  • Uniform Customs the Uniform Customs and Practice for Documentary Credits (1993 Revision), International Chamber of Commerce Publication No. 500, as the same may be amended from time to time.

  • Customs authority means the authority that is responsible under the law of a Party for the administration and enforcement of customs laws and regulations; Customs duty includes any duty or charge of any kind imposed in connection with the importation of goods, but does not include any:

  • Bank Credit Facility means any credit agreement or working capital facility among the Company and/or its Subsidiaries and one or more lenders, as such credit agreement or working capital facility may be amended, renewed, extended, substituted, refinanced, restructured, replaced, supplemented or otherwise modified (including with other lenders) from time to time, regardless of whether any other credit agreement or working capital facility or any portion thereof was outstanding or in effect at the time of such amendment, renewal, extension, substitution, refinancing, restructuring, replacement, supplement or modification.

  • Practices means that the practice(s) seems like a logical approach to addressing a specific behavior which is becoming distinct, recognizable among Clients and clinicians in practice, or innovators in academia or policy makers; and at least one recognized expert, group of researchers or other credible individuals have endorsed the practice as worthy of attention based on outcomes; and finally, it produces specific outcomes.

  • Administrative Agent’s Account means an account at a bank designated by the Administrative Agent from time to time as the account into which the Borrower shall make all payments to the Administrative Agent for the benefit of the Agents and the Lenders under this Agreement and the other Loan Documents.