Permitted Creditor definition

Permitted Creditor has the meaning given to that expression in the Financing Requirements.
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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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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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Examples of Permitted Creditor in a sentence

  • 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.

  • 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.

  • 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.

  • 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 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.

  • Consists of the indebtedness by way of financing or credit operations, issuance of securities or debt instruments and/or money loans granted by any Permitted Creditor under any modality, the funds of which shall be destined to the fulfillment of the object of the Contract.

  • Notarized copy of the financing Contracts, guarantees, trusts and in general any relevant contractual text, which the CONCESSIONAIRE has agreed with the Permitted Creditors; referring to the Affidavit to obtain the qualification of Permitted Creditor referred to in Appendix 1 of Annex 9 of the Concession Contract.

  • The following Management’s Discussion and Analysis (“MD&A”) of the financial condition, results of operations, and cash flow of t e PHX Energy Services Corp.


More Definitions of Permitted Creditor

Permitted Creditor means each holder of Permitted Senior Secured Debt. ------------------
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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 has the meaning set forth in the Intercreditor Agreement.

  • Specified Credit Party means any Credit Party that is not then an “eligible contract participant” under the Commodity Exchange Act (determined prior to giving effect to Section 10.11).

  • 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, at any relevant time, the holders of Second Lien Obligations at such time, including without limitation the Second Lien Lenders and the agents under the Second Lien Credit Agreement.

  • Second Lien Bank Loan means a Bank Loan (other than a First Lien Bank Loan and a Last Out Loan) that is entitled to the benefit of a first and/or second lien and first and/or second priority perfected security interest on all or substantially all of the assets of the respective borrower and guarantors obligated in respect thereof.

  • Second Lien Credit Agreement means that certain Second Lien Credit Agreement, dated as of December 30, 2020, among Vine Energy Holdings LLC, as borrower, the lenders from time to time party thereto and Xxxxxx Xxxxxxx Senior Funding, Inc. as Administrative Agent (as defined therein) and Collateral Agent (as defined therein), as further amended, restated, amended and restated, extended, 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.