Participating Creditors definition

Participating Creditors means Deed Creditors other than Non Cost Effective Dividend Recipients and Excluded Creditors;

Participating Creditors means the Creditors who are original signatories now or subsequently become parties to this Support Agreement (including by the execution and delivery of a Creditor Joinder).

Participating Creditors means the Bank Creditors and the Noteholders.

Examples of Participating Creditors in a sentence

• The Deed Administrators shall take reasonable care and endeavour to sell or otherwise realise all property, assets and rights of the Company for the best price that is reasonably obtainable having regard to Section 442C of the Act and the circumstances existing when those assets are sold and having regard to the diminution of the Company’s liabilities in general and a reduction of payments to Participating Creditors in particular.

• In exercising any power of sale, the Deed Administrators must have regard to Section 442C of the Act and take reasonable care and endeavour to sell the relevant asset for the best price that is reasonably obtainable, having regard to the circumstances existingwhen the asset is sold and having regard to the diminution of the Company’s liabilities in general and any reduction in payments to Participating Creditors in particular.

• The Conversion Price was agreed upon between the Company and the Participating Creditors based on arms’ length negotiations and taking into consideration the financial performance and condition and cash flow generation abilities of the Group and the desire of the Group to alleviate its debt burden as well as the support of the Participating Creditors for the Group’s future development.

• Small Participating Creditors (creditors claiming less than AUD10,000) have received a first and final dividend of 50 cents in the dollar in accordance with the Deeds of Company Arrangement.

• This Agreement and the other New Finance Documents record the terms upon which, during the Override Period, the Participating Creditors are willing to continue to make available the Facilities and amend, vary, modify, waive, override, replace and supplement certain terms of the Existing Finance Documents.

More Definitions of Participating Creditors

Participating Creditors means collectively the Class A Creditors. Class B Creditors and the Class C Creditors.

Participating Creditors. Obligations” means (i) the [Pension Obligation] Bonds; and, (ii) in the

Participating Creditors means the Original Participating Creditors and the Acceding Participating Creditors, excluding the Intragroup Creditors.

Participating Creditors the “Refinancing Creditors” and the “Secured Parties,” respectively, for purposes of this Agreement.

Participating Creditors has the meaning specified in the introductory paragraph hereto.

Participating Creditors means, collectively, the Participating Noteholders, the Participating Banks, the Participating Trade Finance Creditors, and the Participating Trade "A" Creditors.

Participating Creditors has the meaning specified in the introductory paragraph hereto and also includes any holder of Unsecured Financial Debt to be Restructured that may consent to the APE in the future.