Preferential Creditor definition

Preferential Creditor means a creditor with a Preferential Claim;

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Preferential Creditor means any person to whom the Company owes a Preferential Liability;

Preferential Creditor means a person to whom a preferential debt is owed;

Examples of Preferential Creditor in a sentence

Promptly upon obtaining knowledge thereof, UK Borrowers shall notify Agent of the details of any claim being made by a Preferential Creditor including, without limitation, the identity, amounts owing, the basis for the claim and any other pertinent information relating to such Preferential Creditor's claim.
Complete and accurate details of Preferential Creditor balances, the subject of Inventory Reserves, in such form as FGI shall agree with the Client from time to time, must be delivered by the Client to FGI contemporaneously with the delivery of Borrowing Base Certificates.
Promptly notify Agent, and in any event not later than three (3) days after becoming aware, of the commencement by any Preferential Creditor or supplier of proceedings to repossess any goods of any UK Borrower.
The Preferential Creditor shall receive 100% of its pre-petition debts, as set out in respect of the Preferential Creditor as set out in Appendix 6, within 30 days after the Effective Date.
Accordingly, the Preferential Creditor is not impaired by these Proposals.The reason for not impairing the Preferential Creditor is that it would be paid in full in a liquidation.

More Definitions of Preferential Creditor

Preferential Creditor means a creditor having a preferential claim;

Preferential Creditor means a creditor having a preferential claim; “prescribed priority” means–

Preferential Creditor means any person which, in the reasonable opinion of the Receivables Purchaser, may be entitled to receive payment from the realisations of floating charge assets in priority to the Receivables Purchaser including, for the avoidance of doubt, the prescribed part of any Obligor’s net property that would be made available for the satisfaction of its unsecured debts pursuant to section 176A of the Insolvency ▇▇▇ ▇▇▇▇;

Preferential Creditor means any creditor of the Company whose claim is preferential within the meaning of the Act;

Preferential Creditor a person with a Claim, which would, if the Company was wound up on the JPLs’ Appointment Date, have been payable out of the assets of the Company pursuant to Section 265 of the Companies (Winding up and Miscellaneous Provisions) Ordinance (Cap. 32)which is subject to adjudication.

Preferential Creditor means a creditor having a preferential claim; “prescribed” means prescribed by the Rules and “prescribed form”