Original Participating Creditors definition

Original Participating Creditors means the financial institutions and noteholders listed in Part II of Schedule 1 (The Original Participating Creditors) of the 2009 Financing Agreement as creditors.
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Original Participating Creditors has the meaning given to it in the preamble to this Agreement;
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Examples of Original Participating Creditors in a sentence

  • Each Participating Creditor confirms to the Parent and the Borrower under each relevant Facility in respect of which it is a Participating Creditor (but without liability to the Parent or any other member of the Group or any other person) to the best of its current knowledge and belief that Part II of Schedule 1 (The Original Participating Creditors) accurately records its Exposures under the Facilities as at close of business on the Reference Date.

  • The Exposures of the Participating Creditors under the Facilities as at close of business on the Reference Date are correctly described in Part II of Schedule 1 (The Original Participating Creditors) and the list of Existing Financial Indebtedness contained in Schedule 10 (Existing Financial Indebtedness) is, in all material respects, a true, complete and accurate list of all the Group’s existing Financial Indebtedness as at the date of this Agreement.

  • In light of the current financial position of the Group, the Company and a substantial number of its stakeholders, including the Original Participating Creditors and the Shareholder Parties, have been engaged in negotiations with the objective of reaching an agreement for the financial restructuring of the Group.