Permitted Creditor definition

Permitted Creditor has the meaning given to that expression in the Financing Requirements.
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Permitted Creditor means each holder of Permitted Senior Secured Debt. ------------------
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Permitted Creditor means a financial institution or other legitimate creditor of the Provider who deals at arm’s length from the Provider and has extended credit to the Provider specifically for the purpose of financing Provider’s obligations under this Agreement, but specifically excludes creditors who are affiliated or related to the Provider in any way or have extended credit for personal, non-business purchases or liabilities of the Provider;
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Examples of Permitted Creditor in a sentence

  • In the situations indicated in Items a) through e), to be considered a Permitted Creditor, it shall have such a condition at the date of signing its corresponding financing contract.

  • In all cases, the contracts or agreements in question shall expressly contain a provision stating that in the event that the financing is annulled or the CONCESSIONAIRE incurs in any grounds activating the termination or resolution thereof, the Permitted Creditor shall notify the GRANTOR of such situation within five (5) Days.

  • The CONCESSIONAIRE shall also submit an affidavit issued by the potential Permitted Creditor in which it represents to meet the qualities established in the definition of “Permitted Creditor” established in the Contract.

  • That, we comply with the requirements established in the Concession Contract, as well as all those required by the Applicable Laws and Provisions, to qualify as a Permitted Creditor, in accordance with the terms assigned to this definition in the Concession Contract.

  • It refers to the indebtedness incurred for financing or credit operations, issuance of transferable securities or debt instruments and/or loans granted by any Permitted Creditor under any modality, the funds of which are intended to comply with the purpose of the Contract.

  • It refers to the indebtedness incurred for financing or credit operations, issuance of transferable securities or debt instruments and/or loans granted by any Permitted Creditor under any modality, the funds which are intended to comply with the Contract objective.

  • Except as otherwise provided in Section 1.1(f), upon the closing (as such term is defined in the applicable sale-purchase agreement) of an Asset Sale by any Loan Party of a material asset that constitutes DIP Collateral (other than assets subject to Permitted Creditor Liens), the net sale proceeds from the sale of such DIP Collateral shall be used to repay any amounts due and payable under the Postpetition Debt.

  • It consists of the indebtedness for financing or credit operations, issuance of securities or debt instruments and/or money loans granted by any Permitted Creditor under any modality, whose funds will be destined to the fulfillment of the object of the Contract.

  • By executing and delivering this Acknowledgment, the undersigned [agent on behalf of the Successor Permitted Creditors which are parties to a Successor Permitted Senior Secured Debt Agreement] [Successor Permitted Creditor which is a party to a Successor Permitted Senior Secured Debt Agreement] hereby agrees [, on its behalf and on behalf of such Successor Permitted Creditors,] to be bound by all the terms and provisions of the Intercreditor Agreement.

  • In the event that after the authorization of a Permitted Guaranteed Indebtedness of syndicated or bilateral credits, a Permitted Creditor wishes to assign its credit to a third party, either totally or partially in such Permitted Guaranteed Indebtedness, in order for such third party to be considered a Permitted Creditor, it must be previously qualified as a Permitted Creditor by the GRANTOR, and for such purpose it must submit the declaration contained in Appendix 1 of Annex 9 of this Contract.


More Definitions of Permitted Creditor

Permitted Creditor as defined in the Intercreditor Agreement. The Required Lenders hereby direct the Agent to enter into an amendment to the Intercreditor Agreement substantially in the form of Exhibit N hereto. Each of the Lenders agrees that ---------
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Related to Permitted Creditor

  • Affected Creditor means a creditor whose claim relates to a liability that is reduced or converted to shares or other instruments of ownership by the exercise of the write down or conversion power pursuant to the use of the bail-in tool;

  • Subordinated Creditor means any creditor of Tenant which is a party to a Subordination Agreement in favor of Landlord.

  • Subordinated Creditors means all creditors the indebtedness of which is subordinated, in the event of the Winding-Up of DSB, in right of payment to the claims of depositors and other unsubordinated creditors of DSB other than those whose claims rank or is expressed to rank by operation of law or contract pari passu with, or junior to, the claims of the Noteholders. For this purpose indebtedness shall include all liabilities, whether actual or contingent;

  • Secured Creditor means the Trustee, the Margin Loan Provider and the holders of the ETP Securities.

  • Unsecured Creditor means the holder of an Unsecured Claim.

  • Secured Creditors shall have the meaning assigned that term in the respective Security Documents.

  • Junior Creditor means any Defaulting Bank which has not (x) fully cured each and every default on its part under the Loan Documents and (y) unconditionally tendered to the Administrative Agent such Defaulting Bank’s Pro Rata Share of all costs, expenses and disbursements required to be paid or reimbursed pursuant to the terms of the Loan Documents.

  • Required Secured Creditors means (i) at any time when any Credit Document Obligations are outstanding or any Commitments under the Credit Agreement exist, the Required Lenders (or, to the extent provided in Section 13.12 of the Credit Agreement, each of the Lenders) and (ii) at any time after all of the Credit Document Obligations have been paid in full and all Commitments under the Credit Agreement have been terminated and no further Commitments may be provided thereunder, the holders of a majority of the Other Obligations.

  • Second Lien Agent means the administrative agent under the Second Lien Credit Agreement.

  • Specified Credit Party means any Credit Party that is not an “eligible contract participant” under the Commodity Exchange Act (determined prior to giving effect to Section 14.11).

  • Senior Creditor means a holder or holders of Senior Indebtedness and includes any representative or representatives, agent or agents or trustee or trustees of any such holder or holders;

  • Senior Lender means each holder of a Senior Note.

  • Second Priority Debt Parties means the Initial Second Priority Debt Parties and, with respect to any series, issue or class of Second Priority Debt, the holders of such Indebtedness, the Representative with respect thereto, any trustee or agent therefor under any related Second Priority Debt Documents and the beneficiaries of each indemnification obligation undertaken by the Borrower or any other Grantor under any related Second Priority Debt Documents.

  • Financing Party means any and all Persons, or the agents or trustees representing them, providing senior or subordinated debt or tax equity financing or refinancing (including letters of credit, bank guaranties or other credit support).

  • Second Lien Lenders means the “Lenders” under and as defined in the Second Lien Credit Agreement.

  • Subordinated Lender means each Seller, in its capacity as subordinated lender pursuant to the relevant Subordinated Loan Agreement.

  • Additional Credit Party means each Person that becomes a Guarantor by execution of a Joinder Agreement in accordance with Section 5.10.

  • Second Lien Loan Documents means the Second Lien Credit Agreement and the other “Loan Documents” under and as defined in the Second Lien Credit Agreement, as each such document may be amended, renewed, restated, supplemented or otherwise modified from time to time.

  • Unsecured Creditors means all Creditors with Concurrent Claims against the Company;

  • Guarantor Collateral all of the property (tangible or intangible) purported to be subject to the lien or security interest purported to be created by any security agreement, pledge agreement, assignment, mortgage, deed of trust or other security document heretofore or hereafter executed by any Guarantor as security for all or part of the Obligations or the Guarantees.

  • Second Lien Secured Parties means the holders of Second Lien Obligations and any Second Lien Debt Representatives.

  • Second Lien Bank Loan means a Bank Loan that is entitled to the benefit of a second lien and second priority perfected security interest on a substantial portion of the assets of the respective borrower and guarantors obligated in respect thereof.

  • Second Lien Credit Agreement means the Second Lien Credit Agreement, dated as of the Original Closing Date, among Holdings, the Borrower, as borrower, the lenders party thereto and Credit Suisse AG, Cayman Islands Branch, as administrative agent, as such document may be amended, renewed, restated, supplemented or otherwise modified from time to time.

  • Financing Parties means Parties financing the Project, pursuant to Financing Documents.

  • Credit Parties means the Borrower and the Guarantors.

  • Second Lien Administrative Agent means the “Administrative Agent” as defined in the Second Lien Credit Agreement.

Most Referenced Clauses

Most Referenced Definitions