Pool Creditor definition

Pool Creditor means each Pool Member, the Ancillary Services Provider and the Grid Operator to whom moneys are payable pursuant to the terms of Schedule 11, other than a Providing Member or the Grid Operator in respect of:-
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Pool Creditor has the meaning given to that term in Section 1.1 of Schedule 11;
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Examples of Pool Creditor in a sentence

  • Each Pool Creditor shall give notice to the Pool Funds Administrator before instituting any action or proceedings in any court to enforce payments due to it pursuant to this Schedule.

  • Based on the documents received by the Monitor pursuant to the Claims Procedure Order and the Meeting Order, the Monitor shall calculate, with respect to each Cash Pool Creditor, its Cash Pool Creditor’s Pro-Rata Share, and the Monitor shall provide all such information to the Applicants and Goodmans LLP at least ten (10) Business Days prior to the Anticipated Implementation Date (unless extended by the Applicants, with the consent of the Majority Initial Consenting Noteholders).

  • This Section 4.1 sets forth the distribution mechanics with respect to the Cash Pool to be distributed to Cash Pool Creditors, as determined for each Cash Pool Creditor pursuant to Section 3.4(a).

  • On the Plan Implementation Date, in accordance with the steps and sequence set forth in Section 5.5, the Cash Pool will be created and each Cash Pool Creditor shall be paid its Cash Pool Creditor’s Pro-Rata Share, provided that (i) no Cash Pool Creditor shall be entitled to receive an amount greater than its Affected Unsecured Claim as at the Filing Date and (ii) the aggregate amount of the Cash Pool shall not exceed the Distributable Amount.

Related to Pool Creditor

  • Unsecured Creditor means the holder of an Unsecured Claim.

  • financial creditor means any person to whom a financial debt is owed and includes a person to whom such debt has been legally assigned or transferred to;

  • 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.

  • 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;

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

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

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

  • 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;

  • Senior Creditors means the Senior Agent, the Senior Lenders and any other Person who holds Senior Indebtedness.

  • Senior Lender means each holder of a Senior Note.

  • 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.

  • Creditor has the meaning set forth in Section 3.3.

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

  • Second Lien Noteholders means the holders of the Second Lien Notes.

  • Prepetition Lenders means the lenders under the Prepetition Credit Agreement.

  • Federal Credit means the Georgia Housing Tax Credit established by the federal government for the purpose of encouraging the development of affordable housing and governed by the Code.

  • Prepetition Agent means Goldman Sachs Bank USA in its capacity as administrative agent and collateral agent under the Prepetition Credit Agreement.

  • Full Credit Payment means a payment, distribution or benefit, whether paid or payable or distributed or distributable pursuant to the terms of this Agreement or otherwise, that if reduced in value by one dollar reduces the amount of the parachute payment (as defined in Section 280G of the Code) by one dollar, determined as if such payment, distribution or benefit had been paid or distributed on the date of the event triggering the excise tax. “Partial Credit Payment” means any payment, distribution or benefit that is not a Full Credit Payment.

  • 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;

  • Guaranteed Creditors means and include each of the Agent, the Collateral Agent, the Banks and each party (other than any Credit Party) party to an Interest Rate Protection Agreement or Other Hedging Agreement to the extent such party constitutes a Secured Creditor under the Security Documents.

  • Second Lien Claimholders means, at any relevant time, the holders of Second Lien Obligations at that time, including the Second Lien Lenders and the agents under the Second Lien Loan Documents.

  • Original Credit Agreement shall have the meaning assigned to such term in the recitals hereto.

  • 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.

  • Lender Creditors shall have the meaning provided in the recitals of this Agreement.