Participating Creditor definition

Participating Creditor means a creditor of any of the Debtors that (i) is a Party to this Settlement and Support Agreement; or (ii) delivers a Creditor Joinder or a Transferee Joinder.

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Participating Creditor has the meaning as defined in the Other Terms.”

Participating Creditor shall have the meaning set forth in the Financing Agreement.”

Examples of Participating Creditor in a sentence

• No Participating Creditor is responsible for the obligations of any other Participating Creditor under this Agreement.

• An Obligor does not pay on the due date any amount payable to or for the account of a Participating Creditor pursuant to a Finance Document at the place at and in the currency in which it is expressed to be payable unless such failure to pay is caused by an administrative error or technical difficulties within the banking system in relation to the transmission of funds and payment is made within three Business Days of its due date.

• By their execution of this Agreement, each Participating Creditor is deemed to give any express or implied consent required under the Existing Finance Documents to any relevant provision of the New Finance Documents.

• 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.

• More specifically, if you ▇▇▇ a Released Party in violation of this Covenant Not to ▇▇▇, you will be required to either: (1) pay that Released Party’s attorneys’ fees and other costs incurred as a result of having to defend against your suit; or (2) alternatively, at the Released Party’s option, return to the Company all of the severance pay provided to you under Section 8 of the Employment Agreement and under the Agreement, except for one-hundred dollars ($100.00) .

More Definitions of Participating Creditor

Participating Creditor means an Initial Participating Creditor or an Additional Participating Creditor.

Participating Creditor means an Initial Participating Noteholder or an Additional Participating Creditor, but excludes any Initial Participating Noteholder or Additional Participating Creditor that has exercised its right to terminate this Agreement in accordance with its terms.

Participating Creditor. “Refinancing Creditor”, any “Party” or the “Security Agent” or any other person shall be construed so as to include its successors in title, permitted assigns and permitted transferees and, in the case of the Security Agent, any person for the time being appointed as Security Agent or Security Agents in accordance with this Agreement;

Participating Creditor means an Existing Senior Creditor that participates in the Total Senior Creditor Risk Participation Amount as a risk participant, whether pursuant to the Conditional Risk Participation Agreement, the Backstop Participation Agreement, the Scheme, or the DB Election Arrangements. Risk Participation Agreement Each Participating Creditor shall take up its Pro Rata Risk Participation Entitlement by:

Participating Creditor means a Creditor who shall have elected to take benefits under the Plan and who shall have executed and delivered to the Applicant the Receipt, Release and Assignment recquired pursuant to Section 8.2 of this Plan;

Participating Creditor as used herein or in any Security Document shall, unless the context otherwise clearly indicates, include such Collateral Agent in its individual capacity as a Participating Creditor. The Collateral Agent may accept deposits from, lend money to, and generally engage in any kind of banking, trust, financial advisory or other business with any Obligor or any of Obligor's Subsidiaries or Affiliates as if the Collateral Agent were not performing the duties of the Collateral Agent specified herein and may accept fees and other consideration from any Obligor for its services as the Collateral Agent hereunder without having to account for the same to the other Participating Creditors; provided, however, the Collateral Agent may not engage in such activities if doing so conflicts with its duties as Collateral Agent hereunder or under any Security Document.

Participating Creditor means a Creditor with a Claim against the Company which has been admitted by the Administrator pursuant to clause 8 hereof, but excludes the Excluded Creditors.