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 --------- (i) the Agent may act on its behalf under the Intercreditor Agreement and may grant any consent, or take or omit to take any other action, thereunder on behalf of the Lenders at the direction or with the consent of the Required Lenders (unless, pursuant to the express terms of this Agreement or the Intercreditor Agreement, such consent, action or inaction may only be granted or taken the direction or consent of all Lenders) and (ii) the Collateral Agent may act on behalf of such Lender as set forth in the Intercreditor Agreement. Without limiting clause (ii) of the foregoing sentence, the Lenders irrevocably ----------- authorize the Collateral Agent, at its option and in its discretion to take any action permitted under subsection 3(f) of the Intercreditor Agreement.
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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.

  • The DIP Security Trustee’s Lien on the DIP Collateral shall be senior in priority to all other Liens on such DIP Collateral, other than Permitted Creditor Liens and the Carve-Out.

  • Net Income earned from the farm business will exceed the payment of farming expenses.

  • 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 for Permitted Creditor Liens and the Carve-Out, no other claim having a priority superior to or pari passu with that granted to the DIP Security Trustee hereby and by the Interim Order and the Final Order shall be granted or approved or allowed while any obligations under this Agreement remain outstanding.

  • 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.

  • If the Concessionaire or the Permitted Creditor so requests, the Grantor shall serve to the Allowed Creditors, a copy of the communications served by the Grantor to the Concessionaire, and inform them of any event that could lead to termination of the Contract.

  • This payment will be done directly by the winning bidder in the account (accounts) where the representative of the Permitted Creditor of the Guaranteed Debt indicates.

  • For the purposes of the preceding paragraph, it should be noted that the modification of any of the terms set forth in this Contract requires the prior opinion of the Permitted Creditor.


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 means has the meaning assigned to the term “Administrative Agent” in the Second Lien Credit Agreement.

  • Specified Credit Party means any Credit Party that is not an “eligible contract participant” under the Commodity Exchange Act.

  • 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.

  • 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 “Loan Documents” as defined in the Second Lien Credit Agreement.

  • 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 mortgage, deed of trust, security agreement, pledge agreement, assignment 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 Indenture Second Lien Secured Parties and the Additional Second Lien Secured Parties.

  • 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 the Second Lien Credit Agreement, dated as of the Closing Dates thereof among the Borrower, the other Credit Parties from time to time party thereto, the Second Lien Lenders and the Second Lien Administrative Agent, as the same may be amended, restated and/or modified from time to time subject to the terms thereof.

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

  • Credit Parties means the Borrower and the Guarantors.

  • Second Lien Administrative Agent shall have the meaning assigned to the term “Administrative Agent” in the Second Lien Credit Agreement.

  • Secured Party as used in this Annex means only Party B, (b) the term “Pledgor” as used in this Annex means only Party A, (c) only Party A makes the pledge and grant in Paragraph 2, the acknowledgement in the final sentence of Paragraph 8(a) and the representations in Paragraph 9.