Examples of Participating Creditor in a sentence
Under the terms of the DCA, each amount (in whole and not in part) owing by the Group to a Participating Creditor shall be converted into Conversion Shares at the Conversion Price.
The debts owing by the Company to each Participating Creditors will be applied to set off against the aggregate Conversion Price for the Conversion Shares payable by that Participating Creditor.
Consequently, the Government of the Republic of Ruritania commits to accord all categories of creditors – and in particular creditor countries not participating in the present Agreed Minute, commercial banks and suppliers – a treatment not more favourable than that accorded to the Participating Creditor Countries’.
It further provides that “all Claims by Participating Creditors are released in full and extinguished and this deed may be pleaded and tendered against any Participating Creditor in bar of its Claim.” Id. at 16.Flors does not contest that he had notice of the Australian proceedings; indeed, he extensively participated in those proceedings through counsel.
For the avoidance of doubt, if a Qualified Marketmaker purchases a claim against a Debtor from a Participating Creditor for its own account or otherwise has a beneficial ownership interest in a claim being acquired from a Participating Creditor, it shall be required to execute and deliver a Transferee Joinder to the Debtors.