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;
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Preferential Creditor means a person to whom a preferential debt is owed;
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Examples of Preferential Creditor in a sentence

  • These Rules are the AIFC Preferential Creditor Rules 2018 (or PCR).

  • As such, the Estimated Outcome Statement has been updated to show an increased dividend to the Secondary Preferential Creditor.

  • Preferential Creditor means each person that is a creditor of the Company and who would have been entitled to payment under clauses 1(2) to 1(5) of Schedule 7 of the Act as if liquidators had been appointed to the Company on the Voluntary Administration Date.Purchase Money Security Interest has the meaning given to it in the PPSA.

  • A5.13 Client money distribution rules A5.13.1 This section is referred to as the Client Money Distribution Rules and to the extent that these Rules are inconsistent with part 5.52 of the DIFC Insolvency Regulations, and the DIFC Preferential Creditor Regulations, these Rules will prevail.

  • 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.

  • Court proceedings now concluded and Test Cases have been granted Preferential Creditor status.Plymouth City Council representation on the Local Authority Iceland Bank Steering Committee.

  • The Company intends that each Operational Debt, insofar as its Operational Debt has not been discharged outside the Scheme, each Preferential Creditor, insofar as its Preferential Claim has not been discharged outside the Scheme, and the Secured Creditor, insofar as its Secured Claim has not been discharged outside the Scheme, will be paid either by the Company with cash flows received from its operating activities in cash in full outside of the Scheme.

  • These Rules are the AIFC Preferential Creditor Rules 2019 (or PCR).

  • These returns are based on floating charge recoveries (after the prior payment of the costs of realisation and payments to the Primary Preferential Creditor – i.e., employees).

  • 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.


More Definitions of Preferential Creditor

Preferential Creditor means a creditor having a preferential claim;
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Preferential Creditor means any sum which may become due to any person who, in the reasonable opinion of the Lender, may be entitled to receive payment out of floating charge realisations of the assets of the Borrower and/or the Security Obligors in priority to the Lender;
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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.
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Preferential Creditor means a creditor having a preferential claim; “prescribed” means prescribed by the Rules and “prescribed form”
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Preferential Creditor means any creditor of the Company whose claim is preferential within the meaning of the Act;
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Related to Preferential Creditor

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

  • 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.

  • Unsecured Creditor means the holder of an Unsecured Claim.

  • Creditor has the meaning set forth in Section 3.3.

  • 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;

  • Senior Creditors means, (a) depositors of the Issuer, (b) creditors of the Issuer who are unsubordinated creditors of the Issuer, and (c) creditors of the Issuer whose claims are or are expressed to be subordinated to the claims of other creditors of the Issuer (other than those whose claims are in respect of obligations which constitute, or would but for any applicable limitation on the amount of such capital, constitute, Tier 1 capital or Tier 2 capital or whose claims rank or are expressed to rank pari passu with, or junior to, the claims of holders in respect of the Notes) (whether only in a Winding Up of the Issuer or otherwise);

  • Subordinate Obligations means, collectively, the Subordinate Notes and any Other Subordinate Obligations.

  • Subordinated Claim means a Claim of the kind described in sections 726(a)(3) or 726(a)(4) of the Bankruptcy Code and/or Claims subordinated under sections 510(b) or 510(c) of the Bankruptcy Code.

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